Let’s talk $SERUM. 

TL;DR

• August ramp and August claim
• Shedding the outdated Foundation for a Hybrid DAO
• Governance, tokenomics, treasury, seasonal points and SSC are all as intended
• Broaden the appeal of the token to represent NFT culture… we rise as underdogs
• Staking to be introduced at a later date along with Otherside/ApeChain intentions
• Serum will be an incentive layer for everything we build with the Cartel

We’ve been paying close attention to ApeCoin DAO and the wider tectonics that have been shifting with traditional DAOs.

The unanimous response from Apes to repatriate funds, coupled with the changing legal treatment of Foundations and their use, has been a clear signal for us.  

Our response has been to quickly remodel our structure away from a Foundation and present the best of a decentralised vision through the efficiency of a company. 

Keep the regulators happy, give the community agency and allow Novel to move in tandem to a token-governed steering committee. A hybrid DAO, if you will. 

Tokenomics, seasons, governance, treasury and SSC will all remain as intended and are solely dedicated to furthering the Mutant Cartel World through Serum DAO.

The administrative sides of running the DAO will be the responsibility of Novel. The litepaper will be updated to reflect this transparency. At a holder level, it changes very little. 

Our governance was designed to combat the frustrations with some of the early DAOs. We ensured that influence is unlocked via proof of contribution through Reputation and Ranks. 

Your legacy is stored and easily connectable and expandable through ApeChain’s ecosystem via the Serum Passport…

Down But Not Out

We launched the Cartel in the Summer of 2021 when the MAYC dropped below its mint price. A group of down-and-out Mutants who wanted to lift the floor… and it lifted.

NFTs hit similar fortunes over the last year and a lot of people have felt the pain of that retreating tide. 

Tokens shouldn’t be seen as a rescue event for those exiting, but a forward vehicle for those uniting. There has to be an organic movement behind that liquidity for momentum to build on supported pools and exchanges. 

$SERUM goes beyond Mutants and is a signal for all NFTs that are underdogs, a cultural compass for those that refuse the odds to make NFTs great again. MNFTGA!

Efforts will ramp up in August and close with the launch of $SERUM. Things are about to heat up, but share your ideas with the Ranks. We’re listening. 

Otherside

All roads lead to the Otherside. $SERUM will serve as an incentive layer for everything the Mutant Cartel builds.

Get your $SERUM and enjoy an NFT Summer.