Aslan NFTs

The Non-Fungible Stable Tokens issued to redeem Kingsilver Fund deposits.

Counter Pareto Principle NFST Generations

The value underlying Kingsilver is best protected when its management is distributed amongst many talented fund managers. In order to encourage investors to discover and fund new talent (instead of simply staking on the current top performing funds, which would eventually result in a small number of funds managing the vast majority of Kingsilver’s underlying assets (the 80/20 pareto distribution), which exposes the entire collateral pool to the mistakes, or manipulation, of a small number of people), and to encourage taking the risk inherant in staking $ASLN on less established and proven funds, the earliest holders of a fund’s NFSTs will get a higher percentage of the fund’s profit compared with newer generations, compared to the sale ASLN stake. So as that fund becomes more successful, the profits are shared according to a curve that rewards the earliest NFST holders the most, until the earliest investors get the same kinds of profit shares that the first angel investors in a successful company experience.

Fund Investors receive NFSTs - non-fungible stable tokens - 'stable' since they are backed by staked ASLN, just like a stablecoin is backed by (or pegged to) real value.

NFST Collectibles

These NFSTs can also be real collectibles, and each fund will have the tools to create their own Crypto Punk -style NFT collections, where the NFTs will be represented by artwork with features that vary in rarity. The rarity of the NFT an ASLN staker receives will be determined by the amount (or value) of ASLN they stake, relative to the total value already staked in that fund. Someone coming along and investing a tiny amount of ASLN will receive an NFST with artwork that has an incredible common set of attributes. Someone coming along and investing ASLN of equal value to 25% of the total ASLN invested, however, would receive an NFT with artwork that had incredibly rare features.

NFST Generations

Just like Crypto-Kitties, or ZedRun horses, Fund NFSTs will be generational, with each new generation ending after the value of Kingsilver's collateral has grown by 61.8%. The owners of each generation earns a percentage of profits from future generations, and so the earlier the generation of NFT, the more profits it generates, not just from the performance of that particular fund, but of all future funds.

This does a number of things.

Firstly, it creates an incentive to hold on to Fund NFSTs and not trade them in for the ASLN in the fund (upon which the NFST is burned), which removes that ASLN selling pressure on the market. It also incentivises and rewards early ASLN stakers, and adds more incentive to stake ASLN and get a Fund NFSTs as, by design, they can become more valuable over time as more and more generations of NFSTs are created.

It also involves the arts into what is typically a boring space. Fund managers, wanting to entice investors, can be as creative as they like making their NFSTs as beautiful, simple, or downright crazy as they wish, commissioning artists, illustrators, designers, etc.

It also means that funds could actually fail, or their owners shut them down, and if their corresponding NFSTs are old enough (generationally), it may make more financial sense to hold on to the NFTs rather than trade them in for the ASLN backing them.

All of the above then makes Fund NFSTs potentially attractive collectibles that also earn their holders passive income—and the conversations around them would act as an organic and potentially viral marketing strategy, getting the word out there, and reaching the creative industries.

The NFTs are Generational because the Funds are Generational

The earlier generation funds earn money from later generational funds, and so that is why earlier generation NFTs earn from later funds.

(Themisia 'Land' Location)

Alternative idea to the 'generation' concept, each NFST also represents a plot of land, or a property, in the Kingsilver Metaverse