Botto’s growing economy is spread across multiple fronts that include NFT sales, tokenomics, staking and point generation, contributor rewards, and treasury management.

Since Botto’s launch at the end of 2021, its artwork sales have so far exceeded 1500 ETH. Botto holds the place of 10th highest-selling artist in SuperRare’s history, and holds 3rd place within the last 12 months as of this writing (March, 2024)

BottoDAO’s revenue history may be viewed on this Dune Analytics dashboard created by Carbono, a Web3 native advisory and consulting firm. 

View Carbono’s Dune Analytics page for Botto here:
https://dune.com/carbono/botto

BottoDAO only mints and auctions one fragment per week on SuperRare, ensuring predictable supply while operating in a cadence that maintains active participation within the DAO.

From the winning bid, SuperRare retains a 15% auction fee, and the remaining 85% is apportioned equally between active rewards and the BottoDAO treasury.

Botto as a project is a novel crypto initiative that combines elements of AI, DeFi, NFTs, and DAO-based governance. The project’s token, $BOTTO, is the link through which Botto's community can interact with the autonomous artist, earn revenue share (Active Rewards), participate in governance, and shape the direction of Botto into the future.

Owning $BOTTO tokens grants their holders governance rights in BottoDAO by enabling them vote on proposals to shape the future development of Botto Project. 

As a utility token, $BOTTO holders can stake their tokens via Botto’s web interface, which generates Voting Points (VP) that can be used to vote on Botto outputs, train its taste models, and shape the future of Botto’s work. Voters essentially function as Botto’s curators.   

Staking a minimum of 2,000 $BOTTO and using VP to train Botto allow the holder to be eligible for Active Rewards from the project’s revenue. 

Currently, 50% of all revenue from sales and royalties are distributed back to Botto voters. Active Rewards are distributed proportionality to voters based on the amount of VP each spent during the previous weekly voting period.

BottoDAO’s economic model thus exemplifies the rising popularity of the real yield narrative across DeFi, whereby a portion of a project's revenue is distributed to its stakeholders. 

$BOTTO holders can also provide liquidity to the $BOTTO/ETH pool on Uniswap V2 and stake the corresponding LP tokens.

Rewards for LP tokens in the Liquidity Mining contract offer $BOTTO rewards, though these staking rewards are currently set to expire in October 2024. Long-term liquidity solutions are expected to be put in place before this date arrives.

More details on this process are viewable here:https://docs.botto.com/details/token-distribution/liquidity-mining

Until recently, a corresponding amount of $BOTTO would have been burned from the BottoDAO treasury based on the amount of ETH distributed to it. This initiative within BottoDAO’s economic model has since been sunsetted to preserve $BOTTO for use by the treasury. in the long-term.

Nevertheless, to date there have been over 6M $BOTTO burned, such that BOTTO's maximum circulating supply is now under 93.9M tokens.

The burned tokens may be confirmed as having been sent to the zero address here: https://etherscan.io/token/0x9dfad1b7102d46b1b197b90095b5c4e9f5845bba?a=0x000000000000000000000000000000000000dead

$BOTTO token details may be viewed on Etherscan. There are currently over 3,800 holders of the BOTTO token: https://etherscan.io/token/0x9dfad1b7102d46b1b197b90095b5c4e9f5845bba

How to Buy $BOTTO
$BOTTO can be purchased directly via Uniswap: https://uniswap.org/

At this time, $BOTTO exclusively trades against ETH in a Uniswap V2 pool, and is not yet available for purchase on broadly recognized centralized cryptocurrency exchanges.

How to Stake $BOTTO
$BOTTO can be staked on Botto’s voting app: https://www.botto.com/token

BOTTO's staking process is further detailed here: https://docs.botto.com/users/quickstart/depositing-botto

The revenue distributed to the BottoDAO treasury supports BottoDAO's ongoing operations. A core team of contributors distributed across the globe currently support the development and technical upkeep of Botto Project. 

An overview of Botto Project's current roadmap may be viewed here: https://www.botto.com/roadmap

Examples of how Botto DAO's treasury funds are utilized are noted here: https://docs.botto.com/details/token-distribution/treasury#use-of-funds

Botto Project also earns revenue from secondary sales, with a varying commission that is usually around 10%. Revenue from this and other ancillary initiatives are similarly divided up between Active Rewards and the BottoDAO treasury. 

For more details on the collection of funds, see:
https://docs.botto.com/details/token-distribution/treasury#collection-of-funds

BOTTO's Uniswap V2 pool analytics may be viewed here: https://v2.info.uniswap.org/pair/0x9ff68f61ca5eb0c6606dc517a9d44001e564bb66

For more information on real yield, refer to this article:
https://www.investing.com/news/cryptocurrency-news/the-hottest-trend-in-defi-what-is-real-yield-2881309

For a detailed economic analysis of Botto Project and BOTTO's potential, refer to Cyborg DAO's article, 'Billion Dollar Robot' here:
https://www.cyborg.art/blog-botto

Botto 101 - Part 1: Introduction to Botto
Botto 101 - Part 2: How Botto Makes Art
Botto 101 - Part 3: Getting Involved
Botto 101 - Part 4: How Governance Works
Botto 101 - Part 5: The Botto Economy and Staking

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