The official token of IAM’s world. Brought to you by P00LS.
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Dernière mise à jour:
29.11.2022
A pillar of rap culture, the legendary group IAM was the first to bring the sounds and style of New York rap to France in the late 1980s. The members of the Marseille-based group quickly became the representatives of hip-hop culture in France, conveying authentic and universal messages. Join the IAM members as they invite you into their world, at the intersection of music, lifestyle and experience. The $IAM token is your ticket to their creative universe: join them in building it in real life and in the Web3 metaverse, and form a community of which you can be a founding member.
Do you want to engage more deeply with IAM? The $IAM token is your ticket to participate in their journey and access others seeking the same. Get ready to be a founding member of a new kind of community. This whitepaper outlines how token holders can take part in the IAM world.
1. The $IAM token
A. About IAM
Since its beginning, IAM has always been a French symbol of musical innovation, creativity and universality, gathering a large and loyal community around them. The group has created songs that transcend generations, from the album “Concept” through to “L’Ecole du Micro d’Argent” and to their latest album “Rimes Essentielles,” constantly inspiring new avant-garde rappers and musicians. For over 30 years, IAM has built a deep and authentic relationship with its community of all ages and backgrounds. The members of IAM are bringing their community into their world, reuniting this multigenerational and universal community in Web3 through their social token, $IAM.
The $IAM token will allow access to exclusive products, services and IRL events for token holders in the IAM community.
B. What is the $IAM token?
$IAM is an ERC20 token issued on the Ethereum blockchain, and the official Web3 token of IAM.
No matter what project IAM taps into, their members are always driven by authenticity, creativity and respect for their audience. And it’s in this spirit that they’ve created the $IAM token, to give back to their community and give them the opportunity to join them in Web3, what they consider to be the future of the creative economy. The $IAM token will be IAM’s official currency, unlocking exclusive products, services and IRL events for token holders in the IAM community.
C. P00LS x $IAM
Traditional spheres of influence — from Hollywood to Wall Street and Silicon Valley — are converging more now than ever before, forming a new marketplace with creators and their audiences at the center.
Enter cryptocurrencies: a new way for creators to engage directly with their fans through access to real life and metaverse experiences, products and activities.
P00LS partners with creators to create and distribute their cryptocurrency tokens, leveraging its best-in-class, gamified system to engage the IAM community and incentivize them to earn $IAM. On the P00LS launchpad, users can earn creator tokens. The $IAM token will be developed by IAM.
$IAM tokens can also be bought and sold on the zerozero decentralized exchange. The zerozero DEX is a decentralized protocol, built for and governed by holders of $00, the governance token for the zerozero ecosystem.
For a few months, the token is be available for people to earn it for free through the P00LS launchpad. Members of the community will have the opportunity to show their engagement and be rewarded for it. This period is called the genesis launch. Once the genesis launch period ends, $IAM is available on the zerozero DEX and may also be available for purchase and sale through other venues.
2. Earn and use $IAM
Earning and acquiring $IAM tokens means taking part in a multi-level journey. Each $IAM use case allows you to step further into the group’s world. As an $IAM holder, you’ll get access to the group’s exclusive content, including lives, original music, remixes, a private Discord channel and more. The use cases are constantly evolving within the $IAM ecosystem.
The main aim is to offer $IAM holders exclusive opportunities. Members of the IAM community can earn free $IAM tokens through drops on the P00LS launchpad. $IAM is an ERC20 token issued on the Ethereum blockchain, and can also be bought and sold on P00LS’ decentralized exchange.
More details will be revealed on IAM’s socials and Discord in the coming months.
3. $IAM Distribution
A. Distribution
$IAM is an ERC-20 token on the Ethereum Blockchain to allow for composability with the broader Ethereum ecosystem. The total supply of the $IAM token is 100,000,000 and is set to be completely distributed over a five year period.
The rate at which $IAM is distributed will decrease over the next five years to incentivize and reward early $IAM token holders.
B. Allocation
The $IAM token will be distributed to IAM as a creator, IAM’s community members such as fans and followers, key partners in IAM’s ecosystem and those engaging with IAM in DeFi.
The allocation structure of the $IAM token is as follows:
Creator
The IAM will receive 10% of the total supply of the creator token $IAM. This allocation of tokens will be vested within a four year schedule from issuance.
Creator Ecosystem
The ecosystem surrounding the creator including key partners and companies will receive an allocation of tokens in order to integrate the token into their services and build its utility.
Airdrop to Community
Fans can earn $IAM tokens on p00ls.io by completing certain actions on the P00LS launchpad. Incentive mechanisms to earn tokens will change over time and new token drops will be announced on the P00LS launchpad. Other earning mechanisms will be introduced in the future.
Community Treasury
$IAM token holders will have access to a treasury of $IAM coins that can be used for the benefit of IAM’s Web3 community. $IAM holders will be able to vote with their token on how this treasury is put to use. This treasury will be used to incentivize community growth and positive behaviors within the $IAM community.
Liquidity
$IAM token will be used to create the marketplace for $IAM.
At this stage, anyone was able to earn $IAM tokens for free by answering questions and learning things about IAM and its purpose among other actions. These tokens are in the launchpad by P00LS for earners until token minting.
2. Token Minting
$IAM are minted after the first drops, and those who have earned $IAM will be able to claim their tokens directly from P00LS through an airdrop mechanism. Once minted, the tokens will grant access to exclusivity to the $IAM ecosystem in Web3.
3. Marketplace Launch
After launch, the $IAM token will be added to the zerozero DEX. Holders of $00 will create a liquidity pool through an auction mechanism with $IAM. A portion of $IAM supply will be given to auction participants in exchange for an amount of $00, which will be used to create the initial $IAM/00 liquidity pool on the zerozero DEX.
4. Post-Marketplace Launch
After launching $IAM on the zerozero marketplace, it will become IAM’s official social token. Major holders of $IAM will have the greatest access to IAM content, perks, events and more.
Launchpad drops and new incentives will take place frequently on the P00LS launchpad and tokens will be up for grabs for anyone. IAM’s Community Treasury allocation will be made accessible to the $IAM DAO as its vesting period ensues.
5. Token Lockups:
During the one (1) year period following the date that the tokens are minted (Initial lock-up period), all tokens deliverable to the creator, creator ecosystem partners (partners, ambassadors, advisors, multisign signers), and P00LS Inc. (if any) shall be subject to an absolute bar on Transfers. Commencing on the expiration of the Initial lock-up period, the tokens shall be released from the transfer restriction on a linear block-by-block basis over three years and transferable solely in compliance with all applicable laws, including U.S. securities laws, such that 100% of tokens are unlocked at the four year anniversary of the minting date.
