Sol Donkeys Whitepaper
- What is Blockchain?
- What are NFTs?
- SolDonkeys Team
- SolDonkeys Collections
- SolDonkeys NFT Utility
- SolDonkeys Links
- Legal and Risks
1 What is Blockchain and Solana?
A blockchain is a type of distributed ledger technology (DLT) that consists of a growing list of records, called blocks that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. The timestamp proves that the transaction data existed when the block was created. Since each block contains information
about the previous block, they effectively form a chain, with each additional block linking to the ones before it. Consequently, blockchain transactions are irreversible in that, once they are recorded; the data in any given block cannot be altered retroactively without altering all subsequent blocks. (source Wikipedia)
Solana is a highly functional open source project that implements a new, permission less and high-speed layer-1 blockchain.
Created in 2017 by Anatoly Yakovenko, a former executive at Qualcomm, Solana aims to scale throughput beyond what is typically achieved by popular blockchains while keeping costs low.
Solana implements an innovative hybrid consensus model that combines a unique proof-of-history (PoH) algorithm with the lightning-fast synchronization engine, which is a version of proof-of-stake (PoS). Because of this, the Solana network can theoretically process over 710,000 transactions per second (TPS) without any scaling solutions needed.
Solana’s third-generation blockchain architecture is designed to facilitate smart contracts and decentralized application (DApp) creation. The project supports an array of decentralized finance (DeFi) platforms as well as nonfungible token (NFT) marketplaces. (source cointelegraph.com)
2 What is an NFT?
A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.
The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs typically contain references to digital files such as text, photos, videos and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible. (source Wikipedia)
3 SolDonkeys Team
SOLDonkey – Project Founder and Owner
Mrs Donkey – Project Founder and Co-Owner
Doctor Donkey – Project Director
Sionnie the Smoking Donkey – Project Director
Oreg Fing the Flying Donkey – Project Director
Hydeonian the Ass-Sol – Project Director
4 SOLDonkeys Collections
SOLDonkeys launched in January 2023 and will feature a series of limited edition Solana NFT collections by the creator and team of XRDonkeys, an NFT project established on the XRPL in December 2021.
5% of all NFT sales will be sent to our chosen donkey charity “Oscar’s Place” where rescued donkeys are given a happy and safe home. (www.oscarsplace.org)
4.1 Solana Collection 1: Vampire Sol Donkeys – SOLD OUT
This collection is a highly limited collection of 5 NFTs that were minted as a test when the project developers were familiarising themselves with the Solana Blockchain and Candy Machine. This collection featured the popular XRDonkeys NFT character of Gabriel the Vampire Donkey and quickly sold out.
4.2 Solana Collection 2: Pirate ASS-Sols
This is the first of the limited edition, themed collections to be launched on the Solana blockchain.
Consisting of 250 NFTs, this collection features Hubert the Pirate Donkey at the start of his quest to find his twin brother Herbert. 50 whitelist spots will be made available to community members, with recipients receiving a token that entitles them to mint an NFT at a discounted price.
5 ASS-Sol NFT Utilities
The team will continually work towards adding more utility for our NFT holders as the opportunity and budget of the project allows.
Initially the utility of ASS-Sol NFTs will consist of membership into the ASS-Sol Club, an exclusive community for holders of any of the project’s Solana NFTs.
Community members who hold 2 or more NFTs will also receive the option of creating a personalized email address (eg HubertDonkey@Ass-sol.club).
Holding 2 NFTs will entitle holders to a 100MB mailbox,
Holding 5 NFTs will entitle holders to a 2GB mailbox.
For the first collection, all NFT purchasers will be entered into the draw to win a year’s subscription to ‘Adopt a Donkey’ through one of our chosen Donkey charities.
The team intends to release a number of small volume, themed collections (around 2000 – 3000 NFTs per series) as well as add further utility for holders as the project grows.
There will also be a number of 1 of 1 Special edition NFTs released at various intervals that will be announced in due course.
7 Ass-Sol Links
8 Legal Disclaimer and Risk Warning
Important Legal Disclaimer:
This Whitepaper shall not and cannot be considered as an invitation to enter into an investment. The whitepaper does not include or contain any information or indication that might be considered as a recommendation or that might be used to base any investment decision. This document does not constitute an offer or an invitation to sell shares, securities or rights belonging to the Company.
Any information in the whitepaper is given for general information purposes only and the Company does not provide any warranty as the accuracy or completeness of this information.
Regulatory authorities are scrutinising businesses and operations associated with cryptocurrencies. In that respect, regulatory measures, actions or investigations may affect the Company’s business or limit or prevent it from developing its operations in the future.
Any person undertaking to acquire any of our NFTs must be aware that the
Company business model and the White Paper may change or need to be modified due to new regulatory and compliance requirements from any applicable laws in any jurisdictions. In such case, the Company shall not be held liable for and direct or indirect loss or damages caused by such changes.
Acquiring any SOL Donkey NFTs does not grant any right or influence over the Company’s organisation and governance to the buyers of those NFTs.
Investing and trading in cryptocurrencies and NFTs involve significant risk of financial loss and are not suitable for all investors. It is the investor’s responsibility to ensure that they are investing in a manner that is mindful of both the complexity of trading cryptocurrencies and the risks involved therein. Do not purchase either NFTs or cryptocurrencies unless you understand the level of exposure to financial risk that is involved.
About this Whitepaper: Some pieces of information contained in this whitepaper are based on or inspired by other cryptocurrency projects we admire. There are excerpts from this text that are very similar to other public documents from which we have extracted templates for efficiency and legal accuracy.