🪓Mining Leviathan
Free Token Symbol: FMT
Last updated
Was this helpful?
Free Token Symbol: FMT
Last updated
Was this helpful?
Was this helpful?
The goal of this Leviathan is to get rid of all waste in the world and provide the whole world with enough natural resources by 2040. It works towards a world where those items are abundant.
If you love the idea of a world with abundant natural resources and no waste, you should join this Leviathan.
If successful, we will be able to reuse every single waste in the manufacturing process of other items thus creating a perfect circular economy.
This valuepool implements the concept of a distributed mine. A mine is basically a partner wall on this Leviathan's CanCan channel, that contains at least one mining item: a recyclable item (an item that can be recycled for natural resources) or mining equipment.
This valuepool aims to acquire enough mining items to offer the non-profits in the manufacturing valuepool so they can better advance the cause of the Leviathan.
The weight you get from active participation in this Leviathan helps you prove trustworthiness in other Leviathans that offer a direct utility to individuals.
The valuepool uses its fund (which it constitutes from members' deposits and sponsoring) to buy more mining equipment so the non-profits in the manufacturing valuepool can be more efficient. The decision on how much of each mining equipment gets purchased is made by the community through votes.
Items purchased by this valuepool are kept with its members and go from member to member depending on who needs it and when. Users with the highest level of participation in the valuepool are more likely to get an item than those with a lower level of participation. You participate by making regular deposits to the valuepool, sharing your items with the community, taking care of items you get from the valuepool, and voting on proposals.
Its vested token is the Vested Acquisition Mining Token (vaFMT) and its token is the Free Mining Token (FMT)
To find it, go to the Leviathans' page and enter fmt in the search bar
This valuepool builds up bottegas in the mining space so they can help provide enough natural resources to other non-profits from the other Leviathans.
This valuepool funds the creation of its bottegas using what we call an infinite investment strategy.
Infinite Investment strategy:
Step 1 - Valuepool uses X amount from its fund to create non-profit Y
Step 2 - Members of valuepool utilize non-profit Y's services/products and value Y at X+ amount
Step 3 - Y borrows X amount from a bank to reimburse valuepool but is still 100% owned by valuepool
Step 4 - Valuepool uses X amount to create a new non-profit Y2
Its vested token is the Vested Manufacturing Free Mining Token (vmFMT) and its token is the Free Mining Token (FMT)
This valuepool funds research efforts in the bottegas.
Its vested token is the Vested Research Free Mining Token (vrFMT) and its token is the Free Mining Token (FMT)
These are the renaissance bottegas with a campus big enough to house experts and their students. They hold 10% experts in research & manufacturing of mining items and 90% students. The role of the Bottegas is to help the Leviathan reach its goal as fast as possible.
Just like with universities, the objective of the experts is to transmit all their knowledge in the field to the students and the objective of the students is to become experts themselves.
Bottegas have comfortable residences for all their experts and apartment buildings for all their students. All utilities are provided free of charge to all residents of a Bottega.
Just like with a workshop, a Bottega has working spaces, factories, labs, and any other necessary infrastructure where both students & experts work on real mining projects which is essentially how the experts transmit their knowledge to the students. There are no classes or actual classrooms nor are there any exams or grades. Students' performances are evaluated on the work they do, just like with employees in a tech company.
Both experts or students can get replaced by other experts who are not yet members of the Bottega but prove capable of contributing at a higher level to the Bottega.
Businesses or individuals submit Bottegas, manufacturing, or research orders in the mining space and Bottegas also manufacture and sell items in the mining space. All the money generated by Bottegas goes to the Leviathan which uses it to sustain them, create new Bottegas, buy items for its members, or invest in other non-profits.
Bottegas put roughly half of their efforts into completing submitted orders and the other half working on projects intended to provide enough mining items to the world.
Each expert is responsible for a group of students even if students can still learn from other experts.
After 7 years in a bottega, experts can submit proposals to the manufacturing/research valuepool to get tenure. The more students experts help advance, the higher their chances of getting a favorable vote from the Leviathan's community.
For an expert, getting tenure means having permanent expert status in any Bottega of this Leviathan. Students can become experts and then get tenure as well.
There will be as many Bottegas as needed in each country around the world to provide each one of those countries with better, cheaper, and ultimately free mining.