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teledisko DAO

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 Tokenomics

teledisko DAO has been build using the NEOKingdom DAO framework and runs identical to the tokenomics and rules of such. For in-depth understanding of how NEOKingdoms DAO's work visit their  tokenomics page.

Introduction

The teledisko token with the token symbol BERLIN gives users access to: Ownership, governance and dividend rights.

This summary gives a generalized overview of:


Private Limited Company;

BERLIN Holder Types;

BERLIN Minting;

BERLIN Benefiting;

BERLIN Valuation;

BERLIN  Disposal;

of teledisko DAO tokens (i.e. BERLIN)

It serves the purpose of making the wider public understand the tokenomics of BERLIN better in order to make a more educated decision about whether to acquire, hold or dispose of BERLIN.

As a disclaimer, teledisko DAO does not provide legal, tax, investment, financial, or other advice. This summary is for informational purposes only, you should not construe any such information as legal, tax, investment, financial, or other advice. Nothing contained here constitutes a solicitation, recommendation, endorsement, or offer to buy or sell BERLIN. All information in this summary is information of a general nature and does not address the circumstances of any particular individual or entity. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information here before making any decisions based on such information.

Business Case

Problem

In our current economy and corporate culture, exploitative behavior is dominant. Early investors, founders, and other shareholders often end up owning the main share of a company, while actual employees are rewarded with the possibility to work really hard. The less is paid to workers fostering the daily growth, the more remains for founders, investors, and other shareholders that often don’t add much to the continuous success other than initial monetary investments. However, we all have only one life to live and prosper.

Solution

The solution is to redefine the meaning of an investor. teledisko DAO starts rewarding contributors with ownership, governance, and dividend rights on an equal basis, so they would also own part of what they create daily. Contributors may also choose to dispose of their rights, like other shareholders if they need fiat money for expenses or decide to leave the DAO. This creates a level playing field between contributors investing their time and founders, investors, and other shareholders investing their money.

Product

teledisko has been running a sucessful viral real world business since 2014. Upcycling old phone booths into portable mini-diskos with millions of users until today. teledisko 3.0 will make this concept scalable and accessible world wide.

Revenue

teledisko DAO has direct revenue streams resulting from rental, sale and franchising of the teledisko 3.0 machine.

It is important to note that, while tested and already in production, many of the new concepts involved in the Framework are experimental, and the consequences and actual user behavior still need to stand the long-term test.

teledisko DAO token (BERLIN)  Substance

Private Limited Company

teledisko DAO is wrapped into a private limited company. Consequently, all of its members (i.e., KYC-compliant BERLIN holders) are official shareholders of the underlying company. Each DAO member owns 1 share out of 10 000 shares, which corresponds to 0,01% of the share capital of the company thereof and is also inserted into the official shareholders register.

However, AoA and SHA of teledisko DAO specify that the ownership, governance, and dividend rights of each shareholder are determined based on the number of BERLIN they hold, not the number of shares they hold. Consequently, for the purpose of simplicity here, BERLIN tokens seemingly substitute shares and determine instead the allotment of the teledisko DAO ownership, governance, and dividend rights between all of its members in a legally compliant, sound, and enforceable way.

It is important to highlight that the specific rights and obligations of each BERLIN holder depend on their classification, not the fact of holding BERLIN, nor the number of them.


BERLIN Holder Types

teledisko DAO has four types of BERLIN holders, each with different rights and obligations. This diverse holder base allows for an inclusive and thriving community that supports the growth and success of teledisko DAO.

Contributors

They are the core members of teledisko DAO. Their contributed time triggers the minting of BERLIN, they have the widest rights as shareholders and also the most restrictions:

  • they must be KYC-compliant and entered into the shareholders register;

  • they must be natural persons;

  • they can contribute time and receive BERLIN in return;

  • they can invest money and receive BERLIN in return;

  • they can propose new resolutions for consideration by the DAO;

  • they have the right to vote on resolutions (based on the number of BERLIN they hold);

  • they have the right to receive profit (based on the number of BERLIN they hold);

  • they have the right to buy BERLIN from other contributors on the internal market with a fixed price of 1 BERLIN = 1 EUR;

  • they cannot sell BERLIN on the secondary market without offering BERLIN before to other contributors with a fixed price of 1 BERLIN = 1 EUR;

  • their BERLIN is taken into account while calculating the allotment of the teledisko DAO ownership, governance, and dividend rights between all of its members.

Investors

This holder type is the entry point for everyone interested in participating in teledisko DAO:

  • they must be KYC-compliant and entered into the shareholders register;

  • they can be natural persons or entities;

  • they can invest money and receive BERLIN in return;

  • they have the right to receive profit (based on the number of BERLIN they hold);

  • they can sell BERLIN on the secondary market whenever they want;

  • their BERLIN is taken into account while calculating the allotment of the teledisko DAO ownership and dividend rights, but not governance rights, between all of its members.

Impact Investors

Very rare and specifically negotiated persons whose investment has such an importance to teledisko DAO that those persons have voting right although they are not contributors:

  • they must be KYC-compliant and entered into the shareholders register;

  • they can be natural persons or entities;

  • they can invest money and receive BERLIN in return;

  • they have the right to vote on resolutions (based on the number of BERLIN they hold);

  • they have the right to receive profits (based on the number of BERLIN they hold);

  • they can sell BERLIN on the secondary market whenever they want;

  • their NEOK is taken into account while calculating the allotment of the teledisko DAO ownership, governance, and dividend rights between all of its members.

Traders

Those are persons who have acquired BERLIN for trading purposes from the secondary market and have no connection to teledisko DAO (i.e., they are not DAO members or shareholders):

  • they can apply to become investors;

  • they can sell BERLIN on the secondary market whenever they want;

  • their BERLIN is not taken into account while calculating the allotment of the teledisko DAO ownership, governance, or dividend rights between all of its members.

BERLIN token minting

Typically, BERLIN is minted once a month, based on contributors’ time contributed to teledisko DAO during the previous month. However, BERLIN is also minted on an ad-hoc basis upon monetary or in-kind investments made to the DAO. There are no other reasons to mint BERLIN, and BERLIN is always directly minted to the person that contributed time or made the investment. There is no staking or reserve pool of BERLIN, no predefined allocation between team/advisors/etc. or airdrops.

In practice, this means that the teledisko DAO can mint BERLIN only when there is value added to the DAO. Whether it be contributed time or funds/assets. Consequently, BERLIN minting is continuous and happens always when value is added. There is neither an initial nor final BERLIN supply. The number of BERLIN in existence will keep increasing. This means the token supply can, in theory, increase infinitely. This fact raises the concern that existing token holders are diluted in the process.

It is essential to note that this dilution is not a flaw but a deliberate feature of teledisko DAO and BERLIN token.

teledisko DAO claims to challenge the status quo of how investment is perceived and value and success are shared. While at first view, it may seem unfair for early contributors or investors that they get diluted, the main reason for this feature is the assumption that the main growth and economic success of an organization are achieved at a later stage of the life cycle. For fairness towards those contributors who will generate growth and contribute to the long-term success, the early contributors are the ones that need to be willing to share. The change in the status quo, that everyone involved in teledisko DAO needs to be aware of is, that it no longer pays off to be early in the game and then be settled. On the other hand, founders, initial investors, and first contributors do not need founders’ agreements, reverse vesting contracts, and all those other instruments abused by start-ups and VCs at the moment – BERLIN tokenomics will substitute all this with simple rules based on fairness, sharing and valuing lifetime and happens always when value is added.

The heroes of teledisko DAO are the contributors. They are investing their lifetime, the most valuable asset and often under-appreciated. Contributors are always considered first and are the lifeblood of teledisko DAO.

BERLIN token Benefits

Benefits related to holding BERLIN depend on the holder’s classification:

  1. Contributors will own a fair part of the business they are spending their time on. They also have the possibility to direct teledisko DAO on a daily basis by voting on resolutions and earning dividends from annual profits. In case of a need for fiat money, they can decide to sell part of their ownership rights at any time. Upon market failure, contributors can redeem a limited number of BERLIN against teledisko DAO to pay for daily expenses;

  2. Investors will be entitled to dividends from annual profits and receive a capital gain if the price of BERLIN token rises. As BERLIN gives access to ownership, an investor can evaluate the actual value that teledisko DAO creates and make investment and BERLIN price decisions on the secondary market based on that;

  3. Impact investors have the right to direct teledisko DAO on a daily basis by voting on resolutions. They are also entitled to all the benefits of investors;

  4. Traders have the possibility to make short or long-term investments into teledisko DAO with the expectation to gain from the rise of BERLIN price without any connection to teledisko DAO.

In summary, BERLIN token is designed to create a diverse and thriving ecosystem that rewards mostly KYC-compliant holders for their time contributions, fosters active participation of investors, and encourages token trading from outsiders to support the growth and success of the DAO.

BERLIN token Valuation

BERLIN is accessible by anyone without limitations on the secondary market. Hence it is subject to classical token trading. Anyone can evaluate the value of teledisko DAO, potential dividends, or any other metrics to determine BERLIN token price and trade it accordingly. This creates a scenario in which the BERLIN token price on the secondary market can be different from the 1:1 ratio of 1 BERLIN = 1EUR as it is treated in the internal market between contributors.

This creates a clear distinction between the INTERNAL VALUE of teledisko DAO and the EXTERNAL VALUE of it:

  • Internal value = total BERLIN supply x 1EUR;

  • External value = total BERLIN supply x secondary market price.

While the internal value simply represents the total value that has ever been put into teledisko DAO by time or monetary contribution, the external value represents the evaluation of external parties of what has been created and its possible profits.

It needs to be understood that this is a very experimental approach, and it is uncertain how investors and contributors will act if the discrepancy between the internal and external value gets significant. This potential discrepancy is also not a flaw but a deliberate feature that serves as an incentive for contributors to hold their BERLIN rather than dispose of them shortly after minting. Furthermore, it enforces the “contributors first” approach, as the contributors will benefit from being able to sell the tokens, which represent the value they have added to the DAO, to traders for a higher price. On the other hand, traders will only pay a higher price for BERLIN if the teledisko DAO is actually successful and valuable, which incentivises contributors to perform.

BERLIN token Disposal

teledisko DAO AoA (Articles of Association and SHA (Shareholders Agreement) enforce a set of rules on the disposal of BERLIN. Those rules depend on the holder’s classification:

  1. Contributors are obliged to offer BERLIN to other contributors with a fixed price of 1 BERLIN = 1 EUR before offering BERLIN to the secondary market. However, if a contributor is unable to sell BERLIN on the secondary market too (i.e., the inner market between contributors and the secondary market are in failure), it has the right to redeem a limited number of BERLIN against teledisko DAO through a specific procedure. Such redeemed BERLIN tokens are burnt. teledisko DAO will execute the payment from a Trustworthiness Reserve that is filled from annual profit, other monetary investments;

  2. Investors, impact investors, and traders do not have the right to acquire tokens from contributors with a fixed price of 1 BERLIN = 1 EUR, and they have no right to redeem BERLIN against teledisko DAO also, but they have the freedom to sell their BERLIN freely whenever they want for whatever price they want on the secondary market. There are no vesting or similar rules related to BERLIN unless specifically negotiated with an impact investor.

This approach gives contributors a certain security against short-term market failures while preserving the classical logic that investors/traders bear more financial risk but also always have the possibility to exit at their chosen time with chosen price.

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