Whitepaper
Whitepaper
Introduction
STREETH: making Street Art COLLECTIBLE, TRADABLE, ENJOYABLE and ETERNAL. On the Ethereum blockchain.
STREETH is an early-backed project founded by blockchain experts and fintech investors. STREETH is conceived to project Street Art into the future era of the Internet of Things.
Abstract
Street Art is the most popular and renowned Art niche within the global $70,000,000,000 art market and yet, given its scale and “public” nature, is the only one that has never been Traded, Collected and privately Enjoyed.
It also has a perishable nature and finite life cycle (weather, vandalism, zoning and other threats).
At STREETH, we curate, mint and auction world’s most renowned artists’ Street Artworks and let collectors store and enjoy them. All through the Blockchain technology.
Streeth Uses
- no Street Art has ever been sold to collectors
- no Street Artist has ever being able to monetize his work
- no Street Art has ever been owned and fully enjoyed by a owner
- no Street Art has ever been granted full protection and eternal life
STREETH brings the NFT technology to a new, real and tangible level of utility.
We believe that Street Art is the best art medium for the NFT market and its application due to its specific positioning: rebel, independent, decentralized, undocumented and against the status quo.
Humanity has created Street Art since its origin but it has been unable to trade it, collect it, enjoy it and ven display it in museums. Till now.
Our vision is to change that and evolve completely how we relate to Street Art.
Scenarios
Imagine being able to bid, win and own that massive and unique mural by world acclaimed artist Retna, located on a building in Miami, from the comfort of your home, wherever you are.
You will be able to visit the site of the Street Art piece you own, pull out your phone, scan our QR Code placed on the art and be prompted to the STREETH app dashboard and show your friends, spouse or people around that you are the sole and legitimate owner of that unique piece of art.
Becoming the legitimate owner of a fully authenticated, 1:1, massive, physical masterpiece by world famous artists is now possible. Even if one day the art piece will vanish or be vandalized, you will be the sole owner of its NFT version, in perpetuity. Fully endorsed, signed and authorized by the artist.
Each Street Art piece that you own will be minted and registered on the Ethereum blockchain with Proof Of Ownership and Artist Authentication certificates. You will be able to see it inside your STREETH’s VAULT where all your art is stored. The art piece will also be publicly visible on the STREETH’s MAP page where all art pieces are displayed on a massive map of the planet. Anybody who clicks on that art’s pin will be shown its owner and its full etherscan ownership transaction.
Collectors will also be offered the opportunity to lend their collected art pieces to STREETH’s MUSEUM, a foundation built on the metaverse and accessed through full-experience VR visors. Visitors will be able to admire privately owned Street Art pieces offered by collectors.
Streeth Process
Famous artists sign an exclusive rights of sale contract with STREETH
Art drop is announced and its auction scheduled.
Art auction starts with a predetermined starting price, reserve price and end date.
Art auction ends and art is sold to the highest bidder (if reserve is met).
Art is minted and transaction is registered on the blockchain, ownership is transferred.
Art piece is stored into the buyer’s VAULT on the STREETH App.
Art piece is displayed on the MAP with full details.
Future Uses & Outlook
We expect world Museums to be using our ecosystem to protect world heritage artworks like Da Vinci or Caravaggio from future deterioration.
We expect art collectors to purchase world renowned street artist creations (exclusive to STREETH) from our marketplace.
We expect street artists to finally monetize their Street Artworks on our platform.
We expect STREETH token holders to play an active role in our community and ecosystem.
The ability to own unique Street Artworks, which can be acquired and traded on chain, is a game-changer that promises to shake up the hottest sector in the Art space: Street Art.
Products
- NFTs Marketplace Platform
- VR Museum on the Metaverse
- STREETH Utility Token
- Limited edition Streetwear merch
- Streethers PFP collection
- And more...
The Market
Street Art
Here some worth mentioning:
1 Banksy – March 2021 – “Game Changer” sold for $23,300,000
2 Kaws – April 2019 – “The KAWS Album” sold for $14,900,000
3 Basquiat – May 2017 – “Untitled” sold for $110,500,000
Art NFTs
Crypto-art fans have been voraciously buying NFTs over the past few years but there is no doubt that the market has exploded in late 2020 – early 2021.
In January and February 2021 alone, there were $300 million in NFT sales. OpenSea, a leading NFT marketplace, had monthly sales of just $1.5 million in early 2020—that figure now jumped to $8 million in January 2021 and an astonishing $86.3 million in February 2021. Several NFTs have reached 7 and 8 figure valuations.
Here some worth mentioning
1 Beeple – March 2021 – “Everydays: The First 5000 Days” sold for $69,300,000
2 Grimes – March 2021 – “WarNymph Collection Vol.1” sold for $5,800,000
3 Mad Dog Jones – February 2021 – “Crash + Burn” sold for $3,900,000
Functionality
STREETH and its token act as a guarantee in the marketplace that the Street Art piece has been officially endorsed, authorized and given permission to be sold by its original creator. STREETH guarantees that the art piece is original, authenticated and it’s a 1:1 edition. The STREETH QR code acts as the authenticity certificate.
Roadmap
2021
Foundation
Founder’s funding
Whitepaper, Roadmap & Tokenomics
Website V1
Team, Advisors & Artists
Q1 2022
Fundraise completed
Website v2
Growth, development and marketing campaigns
Streethers Genesis NFTs collection
Communities & socials launch
Q2 2022
IDO
Token Issuance
DEX Listing
Partner Staking pools
Audit, Legal opinion, Trademark
Q3 2022
Streethers Villa Pass NFTs collection
CEX Listing
Miami office
Marketplace Platform development
Q4 2022
Metaverse Museum partnership
Streeth Origin NFTs collection
Miami & London event
Q1-Q2 2023
Token Distribution to contributors completed
Marketplace Platform launch
Genesis DAO Collective launch
Token Burn event
Q3-Q4 2023
Streeth Merch
Streeth x Charity minting event
Streethers Villa NFTs collection
Art Partnership program
March 2022
IDO on key launchpads
First Street Art NFTs minting
Marketplace development completed
First Street Art NFT auction
Avatars Collection minted
Q2-Q3-Q4
Uniswap listing
First Street Art NFT auction
Cex exchange listing
Spray2earn VR videogame
Mobile App released on app stores
Staking platform & BRICKS launched
Metaverse Museum
Vault development
Streeth & Bricks wallet app
LA & NY offices opening
Dubai event
Tokyo event
CFO hired
Lifestyle Streetwear Merch launch
Transaction Terms
On occasion of whole Street Art masterworks offered at auction on our marketplace, STREETH will disburse 80% of sale proceeds to the artist, 17.5% will be held as fees (of which 2.5% are payment fees) and 2.5% will be donated to humanitarian organizations and non-profit helping to fight poverty and inequalities.
On occasion of a fractionalized NFT offered for minting, a flat fee will be paid to the artist upfront (to be determined).
Funding
We are honored to have received early interest and commitment by renowned players in the Investment, Blockchain and Art space. We will be having a limited Seed Round and Private round. There will be an IDO on popular launchpads. All Seed & Private allocated tokens will be vested.
Our backers are all visionaries of the blockchain and art space, with investment portfolios that demonstrate a long-term commitment to projects that form the backbone of this industry, planting the roots for the NFT ecosystem we’re building.
Token & Economics
STREETH ecosystem operates through its primary token (#STREETH).
STREETH is the native cryptographically-secure utility token of the STREETH ecosystem and is a transferable representation of attributed functions, designed to have a key role in the functioning of the ecosystem as a non-refundable functional token which will be used as the medium of exchange between ecosystem users.
STREETH will grant benefits such as: automatic whitelisting for NFTs minting, discounted fees on our marketplace, free unlimited entries to our VR Museum, free unlimited plays on our VR videogame.
Token Summary
Token name: STREETH
Token symbol: STREETH
Network: ETH (erc20)
1% is distributed to holders in STREETH
1% is distributed to the marketing wallet in ETH
Supply
The total supply of STREETH is 300,000,000, the max supply is 254,000,000 (after initial burn) and the circulating supply at launch will be 4,642,856 STREETH.
Fundraising
Seed round: $900,000
Private round: $200,000
Public sale: $150,000
= Hard cap: $1,250,000
Sales rounds:
| Round | Token Price | % of Tokens | N. of Tokens | Fund Raised | Market Cap at Round |
|---|---|---|---|---|---|
| Seed | $0.045 | 6.66% | 20,000,000 | $900,000 | $208,928 |
| Private | $0.060 | 1.11% | 3,333,333 | $200,000 | $278,571 |
| Public | $0.070 | 0.71% | 2,142,857 | $150,000 | $324,999 |
| Dex listing | $0.075 | 0.55% | 1,666,666 | - | $348,214 |
Total supply: 300,000,000 STREETH
Max supply after burn: 254,000,000 STREETH
Circulating supply at launch: 4,642,856 STREETH (check vesting schedule below)
Market cap at launch: $348,214
Initial Uniswap Liquidity Pool: 1M STREETH / $75,000 in ETH / Listing price: $0.075
Sales rounds:
| Allocation | % of Tokens | N of Tokens | Listing Unlock | Months to Full Release | Vesting Schedule |
|---|---|---|---|---|---|
| Seed | 6.66% | 20,000,000 | 10% | 9 | 9 months unlock (10%) |
| Private | 1.11% | 3,333,333 | 10% | 9 | 9 months unlock (10%) |
| Public | 0.71% | 2,142,857 | 30% | 2 | 2 months unlock (35%) |
| Team | 4% | 12,000,000 | 0% | 10 | 6 months cliff - 4 months unlock (25%) |
| Founders | 5% | 15,000,000 | 0% | 10 | 6 months cliff - 4 months unlock (25%) |
| Advisors | 6% | 18,000,000 | 0% | 10 | 6 months cliff - 4 months unlock (25%) |
| Developments/Operations | 20% | 60,000,000 | 0% | 21 | 1 month cliff - 20 months unlock (5%) |
| Reserves | 15% | 45,000,000 | 0% | 25 | 25 months unlock (4%) |
| Liquidity | 10% | 30,000,000 | 3.33% | 14 | 14 months unlock (6.90%) |
| Staking | 10% | 30,000,000 | 0% | tbd | 1 month cliff - unlocked as needed - max 1,000,000 per month |
| Ecosystem | 6.19% | 18,523,810 | 10% | 23 | 5 months cliff - 18 months unlock (5%) |
| Burned | 15.33% | 46,000,000 | - | - | All burned |
Notices & Disclaimer
Nothing herein constitutes legal, financial, business or tax advice and you should consult your professional advisors. Neither STREETH (“the company”), any of the project team members (“the team”), any distributor or vendor (“the distributor”) of STREETH tokens, nor any service provider shall be liable for any kind of
direct or indirect damage or loss whatsoever which you may suffer in connection to accessing this whitepaper, the website at www.streeth.io or any other website, material and information published by the company.
The company is solely acting as a third party in relation to the STREETH token distribution and not in the capacity as a financial adviser or fiduciary of any person in regard to the distribution of STREETH tokens.
The whitepaper and the websites are intended for general informational purposes only and do not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment or any offer to sell any product, service, item or asset. The information herein may not be exhaustive and doesn’t imply any element of a contractual relationship. Nothing in the whitepaper or the website constitutes any offer by “the company”, “the team”, “the distributor” to sell tokens nor shall it or any part of it form the basis of any contract or investment decision. Nothing contained in the whitepaper or the website is or may be relied upon as a promise, representation or undertaking as to the future performance of the STREETH platform. The information set out is for community discussion only and is not legally binding.
By accessing the whitepaper and the website, you shall be deemed to represent and warrant “the company”, “the team” and “the distributor” as follows:
In any decision to acquire any STREETH token, you shall not rely on any statement set out, you shall ensure compliance with all laws, requirements and regulations at your own expense and you shall not expect any value or liquidity as the STREETH token is not an investment product nor is it intended for any speculative matter. None of the company, team or distributor parties will be responsible for or liable for the value, the transferability and/or liquidity of the token and/or the availability of any market. You acknowledge, understand and agree that you are not eligible to participate in the distribution, trading and holding of STREETH token if you are a citizen, national, resident, domiciliary and/or green card holder of a country where it’s likely that the distribution of the STREETH token would be constructed as the sale of a security, financial service or investment product and/or where participation in token distributions is prohibited by applicable laws, decree, regulation, treaty or administrative act (including without limitation the United States of America and the People’s Republic of China; and to this effect you agree to provide all such identity verification document when requested).
No regulatory authority has examined or approved any of the information set out in the whitepaper or the website. No such action or assurance has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The Company is responsible and committed to issuing the Token and launching the Marketplace Platform. SAFT agreements between Contributors and the Company are fully executed and non refundable after the token is issued, distributed to the Contributors and the Marketplace Platform is released by the Company. You acknowledge and agree that there are numerous risks associated with acquiring, holding and using STREETH tokens. In the worst scenario, this could lead to the loss of all or part tokens held. If you decide to acquire STREETH tokens, you expressly acknowledge, accept and assume the following risks: uncertain, unclear and unsettled regulations in certain jurisdictions; partial disclosure of information as the project is in development; failure to partially or fully deliver as many variables and factors may arise: security weakness as malicious parties may interfere: other risks not yet conceivable. For all these reasons, you should conduct a full due diligence and proceed with full responsibility only.
STREETH (“The Company”) is incorporated as Streeth DAO, operated by Streeth Association, a Swiss Limited Liability Entity.