Welcome to SNAFU Collective

Intro

SNAFU is an artist collective composed of cyberpunks, painters, graphic designers, programmers, photographers, musicians, art lovers who try to create a unique point of view regarding what can be conceived like Art in an era where everything is digital and unsubstantial.

At the same time, we are driven by the desire of creating a new form of sustenance for emerging artists exploiting new paradigms that blockchain and cryptocurrencies had brought.

You can read our Manifesto here: https://www.nftsnafu.org/manifest

Our goal is to mix NFTs with DeFi and to create valuable NFTs by design, with intrinsic $SNAFU liquidity that could be used as collateral in loans at some point in the future.

You can read more about this in our whitepaper and on our website.


DAO

The SNAFU collective at its base core it’s a DAO: every decision and every single $SNAFU to spend will be first voted by the community. We allocated a total amount of 300k $SNAFU tokens as funds for the DAO.

The collective will propose various initiatives and the community (i.e. the holders of the $SNAFU tokens) will be able to vote to give their consent or not. The initiatives may be various, some examples are the promotion of an artist, the financing of art exhibitions, marketing strategies, contests for artists, etc.
If you have some cool initiative to propose you are welcome to do so here on our forum. This proposal will first be discussed here and then an official proposal will be made to the $SNAFU token holders.

The voting power of a person is determined by the amount of $SNAFU tokens he holds. $SNAFU tokens used to stake or to provide liquidity are counted so you do not need to unstake or remove liquidity in order to vote.

Participate: Go to Telegram
Vote: Go to Snapshot
Track: Go to Colony


SWAP

The NFTs of the SNAFU collection can be swapped at any time for a maximum amount of 1000 $SNAFU. The value in $SNAFU of our NFTs are dictated by the rarity of the NFT: for example, an NFT with rarity 1 (i.e. there is only one edition) will have a value of 1000 $SNAFU, on the contrary, an NFT with rarity 100 will have an equivalent value of 10 $SNAFU.

Similarly, anyone can swap $SNAFU for an NFT present within the pool (the cost will always be dictated by the rarity of the NFT).

Thanks to this mechanism, the SNAFU collective intends to give liquidity to its artworks: the NFTs can always be resold even without bidders.

Each time an exchange from NFT to $SNAFU takes place, 5% of the $ SNAFU will be sent to the DAO, and the community will vote on what to do with that money.

The smart contract mints and burns $SNAFU tokens during the swap: if you swap your NFT for $SNAFU then the smart contract is minting $SNAFU tokens for you and increasing the supply, otherwise, if you swap $SNAFU tokens to buy an NFT then the smart contract will burn those $SNAFU, decreasing the supply.

Swap: Go to Marketplace


FARM

By staking $SNAFU or Liquidity Provider’s tokens you are able to farm unique artworks of our artists. You can keep the NFTs you’ll farm, sell them or swap them and earn $SNAFU tokens.

Farming is powered by Unifty platform and each farming pool contains NFTs with a very low number of editions, which means more value in $SNAFU tokens.

Farms: Go to Farms


NFTs

The SNAFU Collective NFTs are minted on the xDai blockchain, exchangeable on Unique.One and Unifty, a decentralized non-profit platform owned and managed by the Digital Arts community.

Drops are made periodically divided in collections. For our farming pools we mint special and unique NFTs.

NFTs: See all SNAFU NFTs

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