1. Disclaimer

The following paper is provided for informative purposes only and should not be considered as legal, financial, or tax advice. It is not legally binding, and the content may be subject to change without prior notice. We make no representations or warranties regarding the accuracy or completeness of the information presented. Any actions taken based on this information are at your own risk, and we recommend consulting with qualified professionals for specific legal, financial, or tax guidance.


2. Introduction

trppn opposes social networks that divide us, reuniting people through group experiences. The core feature 'Trip' is a temporary group chat with a shared disposable camera. Fueled by the collective desire of billions, trppn revolutionizes social networking with a music-centric approach.

We believe decentralization of social networks can represent a transformative shift in how we engage with digital communication. One key argument for decentralization is that it allows content creators to benefit financially from their contributions, rather than being commodified as products by centralized authorities. In traditional centralized platforms, users often become the product, with their data and attention monetized for profit without their consent or fair compensation. trppn enables content creators to retain ownership of their work and directly reap the rewards of their efforts. This not only promotes a fairer digital economy but also encourages the production of high-quality, user-generated content. By shifting the power dynamic, decentralization aligns with the principles of data sovereignty, trust, and financial empowerment, making a compelling case for its importance in reshaping the future of social networking.


3. Ecosystem

trppn releases a finite supply of 1 billion trppn tokens ($TRPPN), which symbolize ownership within the trppn ecosystem. The tokens serve as the primary means to access premium features (utility token), grant voting privileges in trppn's governance system, and to reward active users on the trppn social network.

trppn is undergoing a gradual transformation from centralization to decentralization. Initially, centralization provides focused leadership and swift decision-making, which is crucial during the project's early stages. However, as the project matures, this transition towards decentralization fosters transparency, community engagement, and reduced dependence on a single development entity. This balanced approach enables trppn to remain adaptable, transparent, and resilient in the long term.


3.1 Token utility

3.1.1 Bootstrapping the network through rewards

trppn wants people to connect again and incentivizes those who bring people together. Within the platform, users, including artists, event hosts, and venues, effortlessly earn rewards by utilizing the core feature known as the 'Trip.'

The process is straightforward:

1. Users arrange trips

2. Reward points are allocated based on trip attendance and uploaded memories

Users with points receive airdrops from trppn. This approach ensures a transparent and merit-based reward system. The trppn ecosystem token acts as the driving force behind empowering users, particularly creators who are often underpaid and undervalued. By merging technology and creativity, trppn sets a new standard for supporting the arts and entertainment industry, cultivating a community where achievements are directly acknowledged and rewarded.

3.1.2 Access to trips

Trips are unique happenings, preserved in shared memory compilations. Creators can monetize  trips by offering token-gated access to their audience. This means users must pay a predetermined amount in $TRPPN or FIAT to access these exclusive spaces. Token-gated access not only fosters a closer and more exclusive relationship between creators and fans but also unlocks a new income stream for creators.

Through this privileged access, fans can enjoy exclusive content such as behind-the-scenes material, participate in live chats, receive early insights into tour dates and ticket sales, access unreleased music, and much more.

3.1.3 Event pre- and crowdfunding

The $TRPPN token allows small event organizers (up to 1000 attendees) to pre- and crowdfund their events.

Use case: An organizer needs a budget of $3000 for their party to book DJs and finance equipment. They submit a request to the community. Once $TRPPN worth $3000 are locked in from guests who want to attend, the event can take place, and the crowdfunding is successful. If the amount is not reached, the attendees' tokens are unlocked.


3.1.4 Ownership

The $TRPPN token symbolizes ownership in the trppn ecosystem and serves as a means to distributes the project's value to its community. Token holders shape the social network and how resources are allocated. The distribution of power makes trppn a community-owned project.


3.1.5 Governance

trppn firmly believes in the power of democratized decision-making. Token holders have a say and can actively shape the future of the project. Through a robust governance feature, token holders can vote on a wide range of topics, including the introduction of new features, the distribution of power and capital, platform policies and more. This approach ensures that the community's collective wisdom steers the direction and evolution of the project.


3.2 Tokenomics

The limited number of trppn tokens are divided into nine different allocations, each serving a specific purpose.

The Seed round is utilized to sell project shares to early supporters and finance the platform's product-market fit.

The Private round (Series A) is designated for selling token shares to fund the platform's scaling and the creation and launch of the token ecosystem.

The Community round facilitates community participation and serves as a means of further project funding.

The Team allocation incentivizes and rewards the core team for their long-term commitment.

The Advisor allocation incentivizes advisors in the field of music, business development and blockchain, recognizing their ongoing involvement and support.

The distribution for Ecosystem Development funds software development, marketing initiatives, and collaborations within the community following the token listing on exchanges.

The project's Treasury serves as a reserve, ensuring financial stability and supporting ecosystem initiatives. In the future, token holders will gain governance control over the treasury, enabling community-led decision-making on e.g., fund allocation or distribution of power.

Community Rewards are designed to acknowledge users who actively contribute to the platform's growth by utilizing its core feature, the trip. These rewards are performance-based and distributed accordingly.

The Liquidity allocation ensures a sufficient supply of tokens for trading, maintaining market liquidity. It enables smooth transactions and price discovery within the $TRPPN ecosystem, meeting the demands of market makers, traders and investors.


3.3 Lockup and vesting periods

Our objective is to prevent the dumping of $TRPPN, discourage speculation, align incentives between the platform and its users, mitigate risks, and ultimately enable sustainable appreciation of the token share price.

We achieve this by implementing restrictions on immediate selling (lock-up periods) and gradually unlocking trppn tokens (vesting periods) over a time period of 6 years.


3.4 Blockchain

trppn has partnered with Avalanche and is building on the AVAX blockchain. This strategic decision was made due to Avalanche's speed, scalability, and low transaction costs, ensuring efficient transactions and seamless user experiences. As the project progresses, our aim is to expand into a multi-layer token ecosystem, leveraging Avalanche's interoperability features to broaden accessibility and attract a diverse range of users and investors.


3.5 DeX and CeX listings

To ensure liquidity and accessibility, the $TRPPN will be listed and tradable on reputable third-party decentralized exchanges such as Trader Joe, Uniswap, SushiSwap and some of the most famous centralized exchanges. This listing enables users, investors and supporters of the platform to easily buy and sell the token on the open market (launch of token is 2024).


4. Business Model


Trppn's business model centers on two primary revenue streams:

1. Fees on Token-Gated Access to Trips:
Users unlock exclusive trips with music creators by purchasing with $TRPPN or FIAT. Transparent platform fees contribute to Trppn's revenue, which are strategically reinvested in the ecosystem. (Launch 2024)

2. Promotion Tool for Creators and Brands:
Trppn monetizes the nightlife industry through advertising, targeting stakeholders seeking effective audience engagement. With a global nightlife market potential of $1 trillion, Trppn aims to tap into a $200 billion market for customer acquisition. (Launch 2025)


5. Token Dynamics

trppn uses revenues to pay out rewards and to become independent from hype and speculation in the long run. The more revenue trppn generates, the more independent the token becomes from market volatility.

5.1 Net emissions model

Platform revenues are generated through event-specific ads. The revenue is utilized to stabilize the token ecosystem by burning tokens and reinvesting revenues in the ecosystem through the distribution of rewards. The exact reward distribution depends on market liquidity and is not guaranteed. The social network scales through trppn’s flywheel effect.

By aligning user monetization, creator incentives, and token economics, trppn establishes a symbiotic ecosystem, empowering creators and incentivizing token holders.

5.2 Buy back and burn

trppn is constructing a deflationary ecosystem where platform revenues are used to buy back tokens from the market, decreasing the circulating supply and subsequently reducing the fully diluted supply through token burning. The anticipated scarcity is expected to increase demand, leading to a potential rise in the token's value and ultimately benefiting those who hold the token.


6. Roadmap

Achievements

  • Friends & family round
  • Launch platform (download beta now)

April 2024

  • Introduction core feature “Trip”
  • Seed round

May / June 2024

  • Traction
  • Private sale

July 2024

  • Token generation event
  • Exchange listing of Token


7. Definitions:

Blockchain:
A blockchain is a decentralized digital ledger that records and verifies transactions across a network of computers, offering transparency and security.

CeXs and DeXs:
CeXs (Centralized Exchanges) are traditional cryptocurrency exchanges managed by centralized entities, acting as intermediaries for trading. DeXs (Decentralized Exchanges) operate on blockchain networks, allowing peer-to-peer cryptocurrency trading through smart contracts, without the need for intermediaries. CeXs prioritize convenience and liquidity, while DeXs emphasize security and user control.

Cliff/Lockup:
In the context of projects with a token, the "Cliff" or "Lockup" refers to the initial phase during which token holders cannot conduct token transfers or transactions to promote commitment and identification with the project.

Creators:
In the trppn ecosystem, creators include artists, organizers, and venues (event hosts, DJs, musicians, bands, clubs, bars, festivals, concerts).

Governance:
Governance is the process of making decisions and managing authority in an organization or system. It involves establishing rules, policies, and accountability mechanisms. In blockchain, governance determines how decisions are made regarding network upgrades and protocol changes.

Tokenomics:
Tokenomics refers to the economic principles and mechanics governing cryptocurrencies or blockchain-based assets, covering aspects like token creation, distribution, and their use within a network. It's about designing a sustainable and fair economic system for a blockchain project.

Token release schedule:
A token release schedule is a plan outlining how and when cryptocurrency tokens will be distributed over time, which helps manage token supply and distribution.

Vesting Period:
The vesting period is the period in which token holders gradually gain access to their acquired tokens to ensure long-term support and participation in the project.