Detailed Plan
**What is Dionysus?**
Dionysus is known as the God of Theatre and many other things, as such we only see it appropriate for us to use Dionysus as our name. Dionysus aims to help alleviate financial burdens on the performing arts in the short term and the long-term goal to help support growth for the infrastructure and education of the performing arts. We hope by leveraging cryptocurrency and NFT’s, we will create more awareness and encourage the public to enjoy watching theatre while helping the industry.
**PAC Treasury**
One of the two core components that Dionysus consists of is the PAC Treasury. Which stands for “People, Arts, Community”. Using a similar system to the Catalyst Fund, we want to allow people to propose projects and be guided by mentors to successfully request said funding. A simple example would be if Bob wants to put on a show, but can’t afford to pay for both the actors and a venue. Bob can then create a profile for his production and pitch it to the community to vote on (will explain this later on).
With any luck or an amazing proposal, a successful vote will have Bob receive funding directly from the PAC Treasury into the production’s wallet, which will allow the public to view where the funds are going as we try to be as transparent as possible. Any funds placed into the PAC Treasury will only be allowed to leave the PAC Treasury following a vote.
If funds were given to the production, they must use our NFT ticket system and a small portion of sales will be channeled back into the Treasuries and DIO Pool. The PAC Treasury funds can only be moved through votes and nothing else.
**DIO Token**
DIO (a fun play of words for Dionysus and the Spanish word for God) is the second core component and also our native token. We plan to have DIO as our main token/currency to be used in all transactions, and holders will have the opportunity to stake their DIO to receive rewards from the DIO Pool. Staked DIO will receive voting power for both governance and funding in Nysa.
**Nysa**
Nysa was where Dionysus was raised, and Nysa will also be our “Catalyst Fund” where producers and others will “raise” proposals to be voted on. Here we are hoping to find a strong community of advisors from the industry to help give advice creatively, or in the production aspect to help raise production value as a whole. This is so we can achieve our goal of growing performing arts, not in just funding, but also in education in certain aspects of the industry.
We are also considering allowing delegated votes for our advisors, so if you have an advisor you trust you may delegate your votes to them. But they are barred from voting on projects they are currently advising, but this may change through governance. We aim to onboard advisors who have a strong background in producing and/or directing to get the best solution. We have a strong relationship with a performing arts school, and we will use that to our advantage to kick things off.
**DIO Pool**
Over time from our fixed supply, we will release or “mint” tokens into our DIO Pool. DIO holders will have the option to stake DIO to receive rewards from the DIO Pool. All transactions in our NFT Marketplace and from Ticket Sales will have a small % channeled into the DIO Pool to be distributed as well, while the rest of the transaction fee will go to the ADA Treasury and the PAC Treasury. This is to ensure that all funds are being used to maintain and build the treasuries which will be given back to the ecosystem. Once the max supply has been reached, transaction fees will be used to reward stakers.
**ADA Treasury**
The ADA Treasury will store our ADA needed for the Dionysus ecosystem. The treasury will be used to pay for any ADA required to do transactions on Cardano. A portion of transaction fees from the Marketplace and Ticket Sales will also be sent to the ADA Treasury to pile on more funds to further maintain the ecosystem. If there is any excess in funds, we will use it appropriately on anything that will benefit Dionysus’ growth (future hires, advisors, regulation checks for different countries, frequent audits). We want to ensure full transparency.
**D-Tix(temp name)**
D-Tix is our idea for NFT tickets. In the future, we would like to have designers get involved in creating these tickets, as this will add artistic and collector value to the tickets, and give you that extra special feeling of owning something unique.
To further incentivize D-Tix holders, we will have small benefits and incentive programs for D-Tix holders as they’re directly supporting the industry by purchasing and watching shows. But these benefits aren’t large enough to game the system, as we want people to genuinely watch and enjoy these shows and truly support the industry. There’s no point if shows are sold out and nobody watches, it defeats the whole purpose. A portion of ticket sales will be channeled back to the treasuries.
We believe with the pandemic still at full throttle there will be countries that will have to turn to online theatres, and our ticketing system will help in creating marketing and new traffic for these theatres.
**NFT Marketplace(temp name)**
The NFT Marketplace will be a platform where users can trade their NFT’s. Such as the NFT tickets you bought to watch a show. We would also like productions to leverage our NFT platform to sell maybe NFT versions of Cast Recordings Albums, Program Books, and other merchandise. There’s just so much potential in NFT’s and with theatre and the performing arts, there’s a whole world for people to explore with NFT’s in such a creative industry.
**Roadmap**(WIP)
Phase 1: Training - Q1 2022
In Phase 1 we are going to use our funds to enroll both our developers into the Cardano Developers Programs (Associate & Professional). We want to ensure that our developers will be able to fully understand the Cardano system and be able to build a secure and efficient ecosystem that matches our passion for the performing arts industry. We wish to secure 5000$ as we are not sure whether we’ll be able to secure the funds for the Introductory price, and any remaining funds will be used to build our branding.
Our goals:
1. Completing the Cardano Developers Programs
2. Minting DIO tokens
3. Creating the Treasuries and the DIO Pool
Budget: $5000
If we’re lucky to get the Introductory price then we will allocate $2000 to the program for both developers, and we will seek a web developer to create our website, and a graphic designer to help with our branding and infographics with the remaining funds.
We are hoping that even if we miss the Introductory price $5000 would be enough to put our developers through the program. If $5000 isn’t enough we will pay the excess ourselves.
Phase 2: Staking (Testnet v1.0) - Q2 2022
In Phase 2 in future Funds, we hope to request more funds to support our developers in further developing Dionysus, and by the end of Phase 2 we aim to release a Testnet that will allow our supporters to test our initial app. This will include staking a test version of DIO and testing our rewards protocol.
Our goals:
To fully develop the DIO minting, staking, and rewards protocol and launch our first Testnet.
Phase 3: Nysa (Testnet v2.0) - Q2/Q3 2022
In this phase, we will begin the development of the Nysa proposal site and release our second Testnet which has interaction with DIO staking and the voting protocol.
Our goals:
To have a Testnet version of Nysa working with voting protocol and a stretch goal of delegated voting if time permits, or we may postpone delegated voting to after Mainnet launch when we fully onboard advisors for a period of time.
Phase 4: NFT Marketplace (Testnet v3.0) Q4 2022
Phase 4 will be where we begin the development of the NFT Marketplace. This will be followed by our NFT minting that includes tickets, program books, music files, and more.
Our goals:
By the end of Phase 4, we want to achieve having a Testnet which has operability with our NFT Marketplace and minting system. There will also be a marketplace interface that’ll be used to test the buying/selling/trading of NFT’s and the transaction fee protocol to distribute fees to the treasuries and pool.
Phase 5: Mainnet Prep (Mainnet) Q4 2022
After Testnet V1.2 is successful and running as expected we will then request funds for a full audit to ensure Dionysus is working as it should. Our code will be open-source, and if our developers did a good job where the audit finds nothing critical with our code, we will then proceed with Mainnet launch.
After Mainnet:
We plan to integrate a DEX to allow in-site swaps for a better user experience.
We will expand on all parts from the top to bottom once we have a domain up and running, and will begin writing our whitepaper during Phase 2. By the end of Phase 2, we may have a Litepaper, but by Phase 3 we will have a full whitepaper written. Tokenomics are still being discussed, so stay tuned.
**Team**
https://www.linkedin.com/in/nixon-ng-2887212a/
https://www.linkedin.com/in/garethlye/
https://www.linkedin.com/in/tycoon-liew/
Additional links:
https://www.thestar.com.my/metro/metro-news/2021/08/06/keeping-performing-arts-alive