# Project Overview ![](/files/TgXHOElEfKNAOUGwLaxR) **Mint Details** * Supply: 6,666 * Price: 2 SOL * Mint Date: June 20th 2022 * Sold out in 3 minutes **Overview** The NFT market is oversaturated with projects fixated on quick returns and short term success. Udder Chaos is built on a sustainable business model, allowing us to continually generate income regardless of sales. We want our NFT to be held for years instead of just a few months. Udder Chaos has invested in Solana infrastructure as a stable source of revenue while also branching out into a few other areas for accelerated growth. Additional utility includes NFT rentals, RPC rentals, raffles, loans, a marketplace, merch and is always expanding. All revenue earned by the project is re-invested in the project. A full breakdown can be found in "Fund Allocation" but in-short, a majority of funds are invested in a stable revenue stream. As an additional utility, we are launching Alpha Audits, a review-to-earn platform for NFTs. Similar to Google Reviews, Yelp, and Rotten Tomatoes, users will be able to review projects and get rewarded. To prevent review manipulation, reviews will cost a small amount of our token $MILK, all of which you will get back if you have provided an accurate review. For more details, checkout the Alpha Audits section. # Introduction Getting into a new project, especially one you don't know anything about can be a stressful process. Let's break it down. First the value of the project and then your first steps as a holder. ### Thinking about joining? Our project is built on a sustainable business model, relying on a Solana Validator for the foundation of the project. Learn more in [Udder Chaos Validator](/project/udder-chaos-validator). A basic overview is that we invested over half of our mint proceeds to gain roughly 8% APY in SOL. This creates a steady stream of revenue to continually invest in the growth of Udder Chaos. With a safety net, we can expand into more lucrative revenue streams with no concerns of failure. This creates great opportunities for the project to increase the value of the NFTs, with minimal risk. Holders also earn our SPL token MILK by staking their NFT. This rewards our dedicated holders by granting them access to services at no cost. By continually adding new services/utility, we also raise it's inherent value. If none of the utilities interest you, there is always the option to sell your tokens on an exchange. Holders earn 20 MILK per day!\ \ December 31, 2022 Value\ MILK - $0.00077703\ Udder Chaos NFT - $18\ 20 MILK per day - 7,300 MILK annually\ \ **APY 31.5%**\ \ MILK is designed to be a utility token, so if you choose to use it for utilities you have the potential to gain even more value out of it. MILK currently can be used for RPC rentals, NFT rentals, and raffles. It was also used to mint a comic book NFT and will be used for merch as well. You can see more on the future of the token in [Tokenomics](/project/usdmilk-tokenomics).\ \ It's important to note that the project does occasionally deviate from our planned roadmap, but only if holders agree on the change in a vote. We will **NEVER** spend excessive funds or make major decisions without a vote. ### Most Important Steps for New Buyers * Join Discord () * Verify your Wallet to get holder only channels () * Skim through the newsletter and announcements channel for the most recent updates
* Stake your Cows () # Roadmap The following roadmap outlines previous goals along with current goals for the project. Some * [x] Apply for grants through the Solana Foundation to reduce the cost of launching the validator * [x] Mutator mint passes earned by active community members * [x] Mint 6,666 NFTs using Solport's (Taiyo) launchpad\* * [x] Listed on secondary marketplaces () * [x] Staking released within 24 hours of mint * [x] Deployed validator to Solana Mainnet with in 24 hours and staked 7,000 SOL from mint * [x] Launched RPC rentals in MILK * [x] Launched NFT rentals in MILK * [x] Airdropped staked holders Barns, a staking boost * [x] Integrate a social royalties solution ( No royalty payment = No staking earnings )\*\* * [x] MILK Market initial release * [ ] Merch * [ ] Alpha Audits beta release * [ ] Onboarding Experience * [ ] Project to Project (B2B) Revenue Streams * [ ] Improved RPC rental experience * [ ] Additional utilities added to Alpha Audits * [ ] Mootator Collection * [ ] 0% staking commission for holders #### Ad #### Roadmap Information This is only a brief overview of what we would like to achieve. In a very fast changing market, we want to remain flexible and take advantage of any arising niches. We may add new things to the roadmap on short notice (such as a royalties solution). #### Notes \*Altered mint goal. Initially we planned on minting with a Candy Machine but felt that too many rugs were happening at that time. To ensure our investors that they were safe, we chose to use a launchpad. The first launchpad was unable to deliver and we moved to Solport to launch our collection. Regardless of the issues faced, we were able to find a resolution and still mint out in 3 minutes.\ \*\* Our royalties solution was voted on by the community. It was not initially on the roadmap, but it was something we decided to bring to a vote to see if it was worth adding to the roadmap. As soon as the vote passed we worked at finding a solution and after finding one, another vote solidified the decision to go forward with social royalty enforcement. ## # Udder Chaos Validator Validators are what run the Solana blockchain. They provide consensus and validate transactions. Validators are rewarded with a portion of transaction fees as well as a percentage of Solana's inflation rate based on the amount staked. The more staked, the more a validator earns. \ \ There are two different types of stake that determine how much validators make. Self-stake and third-party stake. Self-stake is when the validator itself stakes SOL, meaning that it earns 100% of the amount earned. Third-party stake is stake supplied by any person/group other than the validator itself. The difference here is that the validator only earns a fee on the amount made by the third-party. \ \ *Examples of 100 SOL rewards with a 10% fee*\ *Self-stake earns 100 SOL = 100 SOL kept by validator*\ *Third-party earns 100 SOL = 100\*0.10 = 10 SOL to validator and 90 SOL to staker*
A pretty standard fee across the market is 10%. You can stake with the validator of your choice by opening your wallet and clicking your Solana balance.\ \ ![](/files/GD6lBHol46L9uX1rfaUx)\ \ You will see "Start earning SOL". By clicking that you can scroll through a list of some of the most popular validators or choose to search for a validator of your choosing.\ \ ![](/files/HLPpU4vTeWOZ2cIbiuOK)![](/files/Zp2Ida1odd6UFunOBnOq)\ \ Udder Chaos attempts to compete with some of the most popular validators by having a reduced fee at 7%. This is attractive to staking pools, like Marinade Finance () which split their stake among many of the smaller validators in the space. At the time of writing Marinade stakes 24,836 SOL with our validator, of which Udder Chaos earns 7% of Marinade's profits!\ \ As for self-stake, Udder Chaos currently has 8,814 SOL of it's own staked in the validator and has approximately 3,000 SOL slowly being added from a previous investment. This will bring the self-stake up to 11,800 SOL!\ \ The amount of self-stake will continually grow overtime as the project re-invests in itself. The project re-invests 50% of all royalties and 50% of all validator profits are added to the self-stake of the project. The more you have staked the more you earn. This means that over the lifetime of the project the validator will continue to earn more and more. #### Where do the profits go? As mentioned previously, 50% of the profits from the validator are re-invested. The remaining 50% is split among token value and team wages/subscriptions. 100% of validator profits are re-invested into the project. #### Why invest for such a small profit margin? The return percentage varies between 7-8% and is slowly declining, but in terms of traditional finance, this is a large return. Although in web3, holders are often looking for 3-400% returns consistently so 7-8% may seem small. We are looking at the bigger picture, where we see the value of SOL increasing over time. This means we are getting 7-8% returns on SOL multiplied by the increase % of the SOL price. The following chart is based off of the roughly 12,000 SOL we currently have self-staked. That number is continually expanding (started at 7,000 SOL 6 months ago) and this doesn't include our third-party stake. We are investing in the future of SOL, and as it succeeds, so will our project.
# Validator Funding #### Where do validator profits go? * 50% is reinvested in the validator * 25% is invested in token value * 25% for team and expenses The 50% reinvested into the validator is to compound and continually grow the amount that we are earning. We are accumulating as much SOL to self-stake to stablize the growth of our project and ensure long-term success. We aren't thinking about a month or two from now, we're thinking 10-20 years from now.\ \ The other 25% invested in token value and 25% invested in team/expenses are broken down further in the [Royalties](/project/royalties) section. #### How does validator stake increase? Our validator stake is consistently growing from royalties and compounding earnings. 50% of all royalties are contributed to the validator, and we are reinvesting 50% of all validator earnings. This is to consistently grows the payouts and creates more revenue for the project. As long as SOL exists, our validator will be growing and earning more and more. If you're expecting the value of SOL to increase, we're the perfect project for you. # $MILK Tokenomics #### Supply * 50 million max supply * 20 million was added to the initial liquidity pool * 30 million will be introduced to circulation only through staking * All MILK collected through project events (raffles, merch etc.) is taken out of circulation, only to be re-introduced through staking #### Uses for $MILK * NFT Rentals * Rent your favorite utility focused NFTs at a fraction of their value. [Learn more](/project/usdmilk-tokenomics/nft-rentals) * RPC Rentals * Make the most of your snipers and mint bots by renting out our RPC * Raffles * MILK Market (COMING SOON) * Buy and Sell NFTs for MILK * Exchange for other currency * To get the best rates, we suggest using [jup.ag](https://jup.ag/swap/MILK_MLKmUCaj1dpBY881aFsrBwR9RUMoKic8SWT3u1q5Nkj-SOL) Looking to buy MILK?[ jup.ag ](https://jup.ag/swap/SOL-MILK_MLKmUCaj1dpBY881aFsrBwR9RUMoKic8SWT3u1q5Nkj) #### Economics Value comes down to basic supply and demand. If there is a demand with a fixed supply, as the amount of circulating tokens decreases, the price increases. By consistently bringing in more tokens than we are giving out through staking, the circulating supply would be consistently decreasing, thus increasing the price.\ \ In theory, it is quite simple but in practice, demand relies on many different factors. Something as simple as hype can drive the value of a token, but without a consistent demand it will eventually crash. Instead we are focusing on providing a variety of utilities to provide that consistent demand. We saw some initial success with two of our first utilities added, NFT rentals and RPC rentals. Combined they were able to reach negative token emissions (more tokens coming in through utilities, than were going out through staking). Unfortunately, both of those utilities are focused on improving NFT trades and when the demand for trading declined across the whole market, we also saw a drop in use. The best solution to this, is to provide a range of utilities that thrive in various conditions. That way if one utility sees a period of less demand, there are others to pick it up. With the project just starting out, this will only improve over time. As more utilities are added, the value of MILK will be come more stable. #### A Token for the Community Our goal with the token was not just for everyone to exchange it to SOL but to build out a token that brings together communities and incentivizes those choosing to build utilities for MILK. With MILK we want holders to be able to choose the utility that best suits them. By being an Udder Chaos holder you are continually receiving MILK which allows you to pick and choose what suits you. This also allows non-holders to purchase MILK and test out these utilities for themselves. We have already seen some success in this regard, as quite a few people are buying MILK just to rent the RPC or an NFT that is out of their budget. This allows Udder Chaos to expand beyond just the holders itself, but to connect with the entire Solana community. We only expect our ties with the community to improve as we continue to build and release new utilities. #### Liquidity Pool When launching the token, we started a liquidity pool on Raydium. For those not familiar with the process, you can created an AMM (Automated Market Maker) which automatically adjusts the price of the token. For it to function, it needs a deposit of both sides of the trade. In our case USDC and MILK. In return for locking those up, you receive a different token which allows you to pull out your deposit at any time.\ \ To provide reassurance to our holders we decided to burn all of our liquidity pool tokens, which prevents us from ever being able to pull out any of our initial deposit. Below are the transactions burning the LP tokens. \ #### Top Holders/Project Wallets | Wallet Address | % Owned | Project Related? | | -------------------------------------------- | --------------------- | -------------------------------------------------------------------------------------- | | UCqBbWwZFMLVKmE4iXVWtSq3zkfufhqdgU1dPW33nSk | 27.28% | ✅ RPC Rentals | | F65oeXXQaDQYnmQKTmmMpZ5XaLBzoUC16pMTg59RfpK6 | 23.12% | ✅ NFT Rentals | | 89znBksFAv6PmeVpJqNo8DUp1PaZZPbw7BxEtjtHNPHp | 13.68% | ✅ Jake's Personal Wallet (Founder) | | 5Q544fKrFoe6tsEbD7S8EmxGTJYAKtTVhAW5Q5pge4j1 | 6.18% | ✅ Raydium | | XLPcNv859WUKswPa7hqvvL7yVYWEbhQU4EkbZwQwhTC | 4.46% | ✅ Staking Wallet | | 4RN2bsUCEojAbSvkEvsbK9yKyyBU2iBNfBfCswqvN3gS | 2.52% | ❌ | | 2S2QZjwBfEcEwXY454w6PyybKugibuBfiXqtjkJctDVp | 1.98% | ✅Annoyed Rex Collab Staking | | CnzsPnM91LZ3ADiSLah7qG6mpZ7KJBwE7NFtPTfSLJnM | 1.81% | ❌ | | 6zzkR42SqKazQuZ5DsMLnT8mxsDmWHyDQwgnWV33KNKg | 1.49% | ❌ | | 7ThGUdgFcyorzQv5BpL5vRWYB6k2wN6zv25s6bPyLdsS | 1.29% | ✅25% of Royalties for Liquidity (99% of MILK is from a Blocksmith Raffle in June 2022) | | *Data from Jan 3, 2023* | No other wallets > 1% | | The top 10 wallets hold 83.73% of all tokens, with project wallets accounting for 78% of that. The project doesn't have any VCs, no early investors, and did not provide bonuses of any kind to team members or holders. Anyone with large amounts of MILK has bought from the market just like anyone else. With a vast distribution across MILK holders, aside from the project itself, holders can be reassured that there isn't one or two big holders manipulating the market. #### Investing in Utility Aside from the utility that already exists for the token, we will continually add new utilities to increase the value of earning MILK for our holders. 25% of all paid royalties are sent to one wallet with the purpose of increasing the value/utility of MILK ([7ThGUd....bPyLdsS](https://solscan.io/account/7ThGUdgFcyorzQv5BpL5vRWYB6k2wN6zv25s6bPyLdsS)). Two key examples are [NFT Rentals](/project/usdmilk-tokenomics/nft-rentals) and [RPC Rentals](/project/usdmilk-tokenomics/rpc-rentals). The invoice for the RPC can be found [here](/project/usdmilk-tokenomics/rpc-rentals). For the NFT rentals, it was easier to manage out of another wallet ([F65oeX....59RfpK6](https://solscan.io/account/F65oeXXQaDQYnmQKTmmMpZ5XaLBzoUC16pMTg59RfpK6)). You can see all of the transactions and NFTs purchased by looking through the Solscan for the wallet. There will be many more utilities to come, and we will continue to invest these royalties. The more utilities we have, the more stable the token will be. #### Buy MILK with Royalties? A common question we get is "Why don't you invest the SOL directly into buying MILK?". It's not a sustainable practice, and investing in utilities ends up bringing more value. A perfect example is our rental treasury. To this point there has been over 6000 rentals, bringing in over 500 SOL worth of MILK to this point. If we had just bought the MILK we would have nothing left, but with the rental treasury we will continue to bring in more MILK and still have the value of the NFTs that could be sold at anytime, recovering most of the investment. In short, we don't buy MILK because we can make more valuable by investing in utilities. #### Deflationary If the amount of tokens being generated far exceeds the amount being collected, we will quickly approach the cap. To avoid running out of tokens for us to provide through staking, we will adjust staking rates as needed. At 10 million tokens remaining, we will reduce staking earnings by 25%. At 5 million tokens remaining, we will estimate our monthly average incoming tokens and change the staking rates to match that. At 2 million tokens remaining, we will reduce staking rates to 50% of incoming tokens. We don't foresee this being required anytime soon, and definitely not in the first year. It's important to plan for the worst.\ \ Things are just getting started, let the Udder Chaos begin.
# Staking
Staking is our primary way of providing value to our holders. Holders are rewarded in MILK which can be exchanged for any particular utility that they are interested in or traded using [jup.ag](https://jup.ag/swap/SOL-MILK_MLKmUCaj1dpBY881aFsrBwR9RUMoKic8SWT3u1q5Nkj) or [raydium](https://raydium.io/swap?inputCurrency=sol\&outputCurrency=MLKmUCaj1dpBY881aFsrBwR9RUMoKic8SWT3u1q5Nkj\&fixed=in). You can stake here: Our staking is non-custodial, which means the NFT stays in your wallet! Each Udder Chaos NFT (UC) earns 20 $MILK a day. Rarity of UC doesn't matter, all cows earn the same.\ \ Barns provide a staking boost for up to 3 NFTs. Their rarity does matter. 5% boost for commons, 10% rare and 20% for legendary barns. They only boost 3 NFTs, so if you hold 6 UCs you will need 2 Barns to provide the full boost. # NFT Rentals Rent NFTs to get the utility you need whenever you need it. This is a great option for someone who only uses an NFT sniping bot once in a while or for someone who is looking to try before they buy. This is an extremely low cost alternative which also makes it a great option for those on a budget. Rent NFTs here: The rental treasury is still using funds from [7ThGUd....s6bPyLdsS](https://solscan.io/account/7ThGUdgFcyorzQv5BpL5vRWYB6k2wN6zv25s6bPyLdsS), but is kept separate for easier management of the rental treasury. The rental treasury is managed from [F65oeX....59RfpK6](https://solscan.io/account/F65oeXXQaDQYnmQKTmmMpZ5XaLBzoUC16pMTg59RfpK6). #### Treasury Holdings

Some of our most popular rentals that we have to offer

#### Why Start a Rental Treasury? Starting a rental treasury was a relatively simple decision because it would be investing in utility based projects. They hold a relatively stable floor price, and see upswings with new updates/releases. Even if they just hold their value, the project gains value off of them by renting them out for $MILK. \ \ A great example of rentals providing value just by retaining their value is our Rarikey rentals. They have retained their purchase price but have been rented out a ton, resulting in several SOL being collected by each Rarikey. If we were to sell the Rarikeys today at the price we bought them for, MILK would have gained a ton of value at absolutely no cost to the project. #### Risks There are still risks associated with the rental treasury, but they are managed by diversifying our rental treasury portfolio. For example, one of the projects we invested in was extremely popular in terms of rentals. It was being rented enough by itself to offset the daily token emissions, resulting in an upwards trending price for MILK. Unfortunately the founder of that project made some decisions negatively affecting rentals which stopped them from being rented. That project has since been bought out and removed from our rental treasury for the time being until more information comes from the buy out. This resulted in us holding NFTs that cannot be rented and have decreased in value. While this negatively affected MILK, as it no longer was matching emissions, it still brought it a significant amount of SOL worth of MILK during the time it was able to be rented. Enough to still have us net positive if they went to 0. \ \ Even with risks, our rental treasury is a relatively safe investment to bring in MILK. We have continued to diversify our investments into other projects and other utilities. This leads us to being less reliant on one specific collection controlling the value of MILK. The more MILK revenue streams, the more stable MILK will be. If we are able to consistent bring in more than what we are sending out, MILK will steadily climb in value. # Loans Loans are one of our newest uses for our liquidity funds (as of Jan 2023). Using [sharky.fi](https://sharky.fi/) we are able to provide liquidity to those seeking loans. For those not familiar with [sharky.fi](https://sharky.fi/), it's a peer-to-peer loan site for NFTs. Anyone can seek loans and anyone can provide loans. Loans typically are either 7 day or 14 day loans, with an APY of 120-360% depending on the collection. This usually results in an interest rate of roughly 2% for the 7 days.

Example of loans on Sharky.fi

#### Project Strategy To start, we set a budget of 150 SOL and started providing loans (mid Dec 2022). We will be compounding the interest we earn by providing loans with the interest earned. This should lead us to 150-200 SOL profit in our first year. It easily could be much more, but occasionally loans will default (not get paid back). When a loan defaults, you get the NFT they provided as collateral. This is where we plan to increase the value of $MILK. \ \ There are two scenarios where we receive an NFT as collateral. The first being the loan defaults on purpose and the floor price of the NFT dropped below the loaned value. The other being that the loan defaults because the user doesn't have the funds to repay or forgets to repay. Depending on the reason why it defaults will affect the strategy for how we maximize value off of the default.\ \ The projects we are choosing to loan on are generally quite stable and conservative. However, in the case the floor price has a significant drop and the loan defaults on purpose, we will be operating at a loss. In most cases we will just sell the NFT at a loss, and continue loaning.\ \ If a loan defaults and the floor price is higher than the loan value, we will list the NFT to recover the value of the loan, plus a slight profit. This profit will be used to buy $MILK and remove it from circulation.\ \ Depending on the state of the loan account (amount of SOL) and the value of the defaulted NFT, we may raffle it off to maximize the value of it. The primary goal with our loan account is to have another sustainable revenue stream that is bringing in $MILK to raise the value. By focusing on low risk loans we will be able to retain a steady profit, which we can invest in $MILK. \ \ To follow our loans and sales, you can see all the transaction for our loan account here: [7tSw88wBwHftti2oss7f8sXinjmqgcp9cmu6Kv4g2sDi](https://solscan.io/account/7tSw88wBwHftti2oss7f8sXinjmqgcp9cmu6Kv4g2sDi) # Marketplace A recent addition to our list of growing utilities is marketplaces. Specifically the new MILK Market and BONK Market. We also have the ability to quickly expand and add another marketplace for any other tokens. Building out marketplaces, even if they aren't in MILK earns our project a % of sales. \ \ Our primary goal with creating marketplaces, is to drive more traffic to the MILK market. By creating more marketplaces for popular tokens we will get more traffic onto the site. This will increase the amount of NFTs traded for MILK, increasing the value of our token.\ \ We also have the opportunity to expand into customizing markets for other tokens as a b2b service or as a partnership. This is a great marketing opportunity for Udder Chaos to get our project in front of new holders. We'll continue to remain flexible with how we approach marketplaces to ensure that we get maximum exposure for the project.

MILK Market

BONK Market

# RPC Rentals #### What is a Solana RPC used for? RPC's are used to provide communication between the client and the validators (what processes your transactions). RPC's are mainly used in development and bots but Phantom is working on integration. Whether you know it or not, you are currently using an RPC in every transaction you complete on SOL. Most of the time this is just using a public RPC node. The benefit of using a private RPC node is that your transactions are not being processed alongside as many other transactions as it would on a typical public node. Less Competition = Faster Transactions. This is specifically useful in times of congestion or when you are trying to process a lot of transactions. In the case of a bot, this could be the difference between sniping an NFT or not. If you are trading SPL tokens (MILK, DUST, USDC, SOL, BONK etc.), it could be the difference between a slight price slippage costing you a percent or two more than it would have if your transaction was processed faster. #### How do I rent it? Currently, you join our RPC discord () and then open a ticket. Jake, the founder, will respond directly to your ticket within 24 hours to get you set up. The current price is 6,000 MILK a month.\ \ An important note, RPC rental rates will be increasing in the near future to 25,000 MILK a month. Anyone that is a current subscriber will keep their rate of 6,000 MILK a month, where all new users will pay 25,000 MILK a month. There will also be updates to how the rental process works and information about that will be posted in the discord and this page will be updated. #### How does the cost of the RPC compare to the value it provides? I've attached the invoice below, alongside the transaction of the invoice being paid. We paid a promotional rate $4800 USDC for unlimited RPC usage for the year. To make this a profitable investment, we have to absorb $4800 worth of MILK. At the time of writing, $4800 USDC would buy 1,811,977 MILK. To date, we have already brought in roughly 1,250,000 MILK and are well on pace to exceed the value of our RPC rental. We will also be making some improvements to the QoL when it comes to renting the RPC to increase our user base. #### Additonal Details RPC Rental Purchase for 1 Year () ![](/files/2gS09XfSUhG9agQqzlmS)\ \ For those interested, specs:\ CPU: AMD EPYC 7J13 (24 cores)\ Network Bandwidth: 24 Gbps\ Memory: 256 GB\ Local disk: 8 TB # Raffles

Some of our most recent raffles

We have project hosted raffles and the option for users to host their own raffles. All project hosted raffles take place at . All of these raffles are in $MILK and all $MILK gathered is essentially burned by being sent back to the staking contract. We raffle off NFTs, and occasionally whitelist for upcoming projects.\ \ User hosted raffles take place at . Anyone can host a Famous Fox rafffle for MILK on any of their verified collections! # Merch COMING SOON # Future of $MILK COMING SOON # Royalties From the beginning of Udder Chaos, we have had a goal of not being reliant on royalties. That said, royalties are a very beneficial additional source of revenue. After putting royalties to vote, holders voted on a declining royalty structure and staking enforced royalties.
#### Where do royalties go? * 50% - Validator Self-Stake * 25% - Increasing Token Value * 25% - Team (Subscriptions, Salaries, etc) 100% of royalties are being reinvested into the project. Even the 25% that goes to the team is investing in the project. The team portion covers discord nitro subscriptions, server boosts, discord bots, development costs, pay for dev contracts, moderators and a salary for the founders. This enables the team to work full time on the project. While the value brought in is currently quite low because of a volume, as the project builds momentum, the team portion of royalties will allow us to expand the team and continue scaling up.\ \ The 50% validator portion, increases our validator self-stake which creates a consistent revenue stream for the project. More details can be found in [Validator Funding](/project/udder-chaos-validator/validator-funding).\ \ The remaining 25% that goes towards increasing token value is invested into many different utilities. For full details check out [$MILK Tokenomics](/project/usdmilk-tokenomics) and all of the sub-categories. # Alpha Audits Overview When looking to make a purchase on Amazon, choosing where to go for dinner, or booking a hotel, the first thing you do is look at the reviews. In the NFT space, there are limited resources to help you do your own research (DYOR). Typically, you will join their discord, follow their twitter, and read their whitepaper. The problem with this is that the owners of the project control all that information. We think that there should be a place where holders can leave reviews on projects which could be used to help others DYOR. This is why we are launching Alpha Audits, a user-based NFT reviewing platform where users can earn rewards for positive contributions. # What is Alpha Audits? \*Section will be updated closer to the release of AA to reflect all of the current information\ \ Alpha Audits will be a variation of a token curated registry (TCR). In short, a token curated registry is a list in which users back their vote with a token. If they are on the majority side of the vote, they split the tokens of the losing side of the vote. You can learn more about TCRs from an article written by CTJ \[1].
Alpha Audits will have a slightly different structure from the standard TCR. Here is the structure of how it will work: * Small voting fee paid for each vote/review * All reviews within 1 standard deviation will be rewarded (I'll explain further) * The results provide only the data within 1 standard deviation * Scores range from 1 to 100 * Projects will be ranked according to numerous sub-categories, but also receive an overall score ![Image sourced from https://www.cuemath.com/data/standard-deviation/. CueMath further explains Standard Deviations at that link if you are interested.](/files/Pct7hZIZGkOrJZyQLjTb) Data within one standard deviation is a collection of 68% of the data around the mean (average). By rewarding anyone within one standard deviation, we are removing the outliers from the data set and reducing the chance of voting manipulation. Our voting fee also mitigates voting manipulation. Anyone identified to be manipulating votes will have their votes removed and not be returned any of their voting fees. \[1] # Team and Doxxing ![Jake](/files/VrHOnqM8GDMH7PgmeN1P) ![Yaz](/files/GrsmITw2VaERvr5ZTSae) Jake has a background in game development and a B.Sc. He entered into NFTs and web3 when looking to expand into play-to-earn games. In game development, he has worked under some contracts for some notable companies such as Samsung, BBC Studios, Epic Games, Gen G e-sports, and Manticore Games. He decided to establish his own NFT after seeing a lack of utility and sustainable economics in a majority of NFTs being launched. You can see this past work on his personal twitter ([https://twitter.com/bearioFN](https://twitter.com/BearioFN))
Yaz, originally the artist, has moved into a community management role. She understands the importance of community, marketing, and the utility of an NFT project.\ \ We understand that a doxxed team may be an important aspect of a project for some, and we have decided to be doxxed by Alder Mages. Not only that, but we already went ahead and got RadRugs certified. We will be getting another review from RadRugs closer to our mint, as a lot has changed since our last review. We are aiming to improve our RadRugs score to become one of the highest rated projects.\ \ [https://app.radrugs.io](https://app.radrugs.io) ![This is our RadRugs certificate that we received on our first audit from them. We received a score of 87/100, but we think we can do even better! A second review will be coming soon.](/files/HExFu92vAGVWDpdpVHyX) ![Our Alder Mages certificate that we received following a thorough doxxing process. ](/files/QF8NHgewjEPvSZpWL011)