WHITEPAPER

$TREATS

WHITEPAPER

The official currency of KITTENS’ world.

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Dernière mise à jour:
20.6.2022

“I’m just a human who likes to find new ways to empower people.” - KITTENS

A DJ, philanthropist, podcast host, educator and intersectional feminist activist, KITTENS has defied expectations as an artist and empowers others to do the same. Whether through her DJ sets, SHE/HER/THEY podcast or PWR workshops, KITTENS has created a world for her following to discover more about themselves. $TREATS is just the next step into her universe.

Do you want to engage more deeply with KITTENS? $TREATS is your ticket to participate in her creative 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 KITTENS’ world.

1. The $TREATS Token

A. About KITTENS

Growing up on the outskirts of Los Angeles, Lauren “KITTENS” Abedini, ventured into the local nightlife and music scene at an early age. With her vast knowledge and relentless curiosity for music, KITTENS has been able to deliver a balance between low grinding electronic beats, heavy rap and future beat music. 

Earning the support of some of the most influential artists of our time such as Usher, Kid Cudi, Skrillex and A-Trak, KITTENS has solidified herself as a cornerstone of the music community through her music production and infectious DJ sets.

As a lesbian woman of color, KITTENS is unapologetic about her identity. She has used this fearlessness to inspire other women through her podcast SHE/HER/THEY and non-profit platform PWR. SHE/HER/THEY gives KITTENS, her guests, and listeners, a space to candidly explore the journey towards authenticity and transcending identity expectations. PWR is a celebrated series of non-profit DJ workshops where all proceeds are donated to local women’s or LGBTQ+ centers. Through both of these projects, KITTENS is able to empower those who have gone through life without feeling seen to explore identity and life without boundaries.

When she is not DJing or making beats, KITTENS enjoys her other passions involving makeup artistry, animals and fashion. Having started a career in beauty before her transcendence into the music industry, she finds the art of make-up to be a hobby she can’t live without. It’s brought her together with YSL Beauty for special partnerships and more. Oh…and she loves cats.

The $TREATS token will be KITTENS’ official currency, unlocking exclusive content and IRL events for token holders in the KITTENS community.

B. What is the $TREATS token

$TREATS is an ERC20 token issued on the Ethereum blockchain, and the official currency of KITTENS.

The first and biggest token holders are key members of the KITTENS community. Prior to the launch of the zerozero marketplace, claims of $TREATS tokens will be accessible for anyone to earn through the P00LS launchpad and will subsequently be issued on Ethereum.

On your journey through KITTENS’ universe, you will unlock exclusive access and experiences through $TREATS tokens. Follow KITTENS and P00LS on social media and Discord to learn more and stay up to date on new token drops.

C. P00LS x $TREATS

The $TREATS token will be issued by KITTENS in collaboration with P00LS, and launched exclusively on the P00LS platform.

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 P00LS: the world’s largest decentralized exchange for creator cryptocurrencies. P00LS partners with creators to issue and distribute their tokens, leveraging its best-in-class, gamified system to engage each community and incentivize them to earn tokens. On P00LS, users can earn, buy and sell $TREATS.

P00LS is a decentralized protocol, built and governed by holders of $00, the governance token for the P00LS ecosystem.

Through the P00LS launchpad, fans, followers and members of the KITTENS community can earn free $TREATS tokens by, for example:

  • Sharing information about KITTENS’ music, content and the $TREATS token on social media
  • Learning more about KITTENS’ vision and subscribing to her podcast
  • Inviting others to earn $TREATS

For a few months, the token will only 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, $TREATS will be listed and made available for trading on the zerozero Marketplace in early 2022.

2. $TREATS Use Cases

Earning and acquiring $TREATS tokens means joining a community with exclusive access to KITTENS. Each $TREATS use case allows you to get closer to KITTENS’ community and creative world.

The value of the $TREATS token is linked directly and only to supply and demand. $TREATS tokens are held by all the members of the KITTENS community. Demand for the $TREATS token is generated through the use cases KITTENS shares with the KITTENS community; the more relKITTENSt use cases, the more demand, the higher the value of $TREATS. The following use cases will be deployed from launch, and are subject to change as the $TREATS community grows and evolves.

A. Content 

After the official launch in June, $TREATS token holders will have access to exclusive content from KITTENS to fully immerse themselves in their creative universe. Token-gated content includes exclusive access to VIP tickets, AMA podcasts and merchandise. More details will be revealed on KITTENS’ Instagram and Discord in the coming months. 

B. Access & experiences

The $TREATS token is a deep dive into KITTENS’ universe, granting exclusive access to experiences within KITTENS’ community in real life, the digital space and the metaverse. This includes upcoming concerts and other activations.

More details will be revealed on KITTENS’ Instagram and Discord in the coming months. 

3. $TREATS Economics

A. Distribution

$TREATS is KITTENS’ official Web3 currency. It is an ERC-20 token built on Ethereum, allowing for total composability with the entire ecosystem. The total supply of $TREATS token is 100,000,000 and is set to be completely distributed over the course of five years.

B. Allocation

The $TREATS token is distributed to KITTENS as a creator and KITTENS’s community members such as fans and followers.

The allocation structure of the $TREATS token is as follows:

Creator

The KITTENS team will receive 10% of the total supply of the creator token $TREATS. This allocation of tokens will be vested linearly with a one year lockup and a 4 year schedule from issuance. Creator allocations can be used as the creator desires.

Creator Ecosystem

The ecosystem surrounding the creator including key partners and companies will receive an allocation of token in order to integrate the token into their services and build utility for the token. 

Airdrop to Community

Fans can earn $TREATS 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

$TREATS token holders will have access to a treasury of $TREATS coins. $TREATS 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 $TREATS community. 

Launch Partners

$TREATS token will be allocated in part to the launch partners for the token, including P00LS. 

Liquidity

$TREATS token will be used to create an initial liquidity pool for $TREATS on the zerozero DEX and to provide liquidity on centralized exchanges.

C. Timeline

A simplified timeline for $TREATS can be found below

1. $TREATS Launch

A genesis drop for $TREATS will happen in July 2022 at https://launchpad.P00LS.io/ before the coin is minted and before a market is made for the coin.

At this stage, anyone will be able to earn $TREATS tokens for free by tweeting, posting on Instagram and learning things about KITTENS’s purpose among other actions. These tokens will be held in the launchpad by P00LS for those that participated in the drop until the launch of the marketplace.

2. Marketplace Launch: Mid 2022

In the months following the first drop, the $TREATS token will be minted. Earners of the $TREATS token on Genesis Drop will be able to claim tokens to their Ethereum Wallet if they choose to do so once the marketplace launches. $TREATS will later be listed on the zerozero marketplace.

To create the $TREATS/$00 pair, 10% of total supply will be used to supply liquidity. 5,000,000 $TREATS tokens will be mined against 00 through a modified auction mechanism. Once this process is complete, anyone will be able to buy and sell $TREATS tokens against $00 in a fully decentralized way. 

The creator allocation, the treasury allocation will begin once the token is minted.

Further, DeFi incentives such as staking, liquidity mining, and trading incentives will be voted on by the community and will begin once the $TREATS/$00 pool is made.

The zerozero decentralized exchange is a decentralized marketplace for social tokens issued by creators and brands and for other cryptocurrencies, including the $00 token. All tokens in the zerozero decentralized exchange, including $TREATS, can be traded for one another. 

3. Post-Marketplace Launch: Mid 2022

After listing on the zerozero marketplace, the following allocations and rewards will be in effect:

  • KITTENS and the $TREATS Community Treasury allocation will be distributed linearly over the specified vesting period.
  • Launchpad drops and new incentives will take place frequently on the P00LS launchpad and tokens will be up for grabs for anyone.
  • DeFi Incentives will be voted on and activated by the community.

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