What is The Laughing Otter? Executive Summary The Laughing Otter combines cutting edge blockchain technology and proven revenue streams with sound business practices to create a global community of people who want reasons to be happy, share experiences, support the arts, and make a positive social impact. Through a decentralised digital economy powered by uplifting content, active communities, a one-of-a-kind metaverse, gamification, branded merchandise, NFTs, events, art galleries, marketplace, and much more, The Laughing Otter not only makes a positive impact on the world but also gives investors and token holders an unseen breadth of utility and stability. The Laughing Otter delivers a new age monetary system where money brings happiness to all stakeholders through the power of networks. Building a brand that is synonymous with making a positive impact while creating widespread utility. Win-win-win-win-win scenario The Laughing Otter creates enormous utility for all stakeholders. It generates a multiple ‘win’ scenario with every action and person that touches the community. Investors and token holders: Superior financial returns Favourable risk to return ratio Significant global social impact All stakeholders Content and activities that improve personal mental health and well-being A part of a global social movement Personal and financial growth opportunities Children and people at risk Global and grassroot visibility and financial support The Laughing Otter scholarship program Activities, camps and events Artists and content providers Fair compensation for creations Global visibility Engaged marketplace and crowdfunding opportunities Sponsors and strategic partners Association with a social impact brand Global exposure Captive and engaged community By creating multiple winners for every action and strategic decision, The Laughing Otter becomes a self-fulfilling prophecy. Revenue generating activities lead to brand awareness. This then increases the level of social impact which leads to greater brand power and increased profitability. This cycle is repeated indefinitely with a snowball effect. The Laughing Otter does this through: Inspirational content Multiple niche sub-brands Fun games and activities An interactive community Exciting events Virtual art galleries and marketplaces Art Infinitum Metaverse Branded merchandise Meaningful social impact activities Strategic partnerships Public appearances and The Laughing Otter Podcast Leveraging Blockchain Technology to: Generously compensate content providers and creators Support the arts and artists Provide an NFT marketplace for minting and selling NFTs, distributing rewards, services, and products Support social impact activities and Not-for-Profits Play to Earn opportunities Creating utility with real world impact and proven revenue channels: On chain and traditional marketplaces NFTs Paid advertising and sponsorships Branded merchandise Revenue share partnerships Online and offline events Affiliate marketing programs Global brand exposure within Web3 and with the greater community Introduction It is no secret that mental health and wellness issues are on the rise. It’s a world-wide epidemic that thankfully is now becoming front page news. What used to be backroom conversations are now on the frontpage. Celebrities, The Royal Family, sports stars, and artists are now among the people who are speaking out and assisting in bringing the importance of mental health and wellness to everyone’s attention. This is where The Laughing Otter community fits in. We come together to give each other ways to be happier and find that ‘something’ that makes us smile. The Laughing Otter community provides numerous ways to connect, learn, grow, and just be happier. One major way to improve personal happiness is to help others. The Laughing Otter community believes in giving back and making a social impact. We support people who need a helping hand and give children a fair start in life so they too can be happy and fulfill their dreams. We also know that the arts provide a universal language that improves happiness across the globe. The Laughing Otter supports artists through multiple channels so that they receive a fair cut of the revenue generated from their creations. Following are some of the major workflows in the system designed to support the arts: Tokenization of physical events Aggregation of assets in a multi sided marketplace Amplification of value through network effect Curation of digital assets through automated scripts Acceleration of interactions through recommender system Online and offline events Play to Earn opportunities within a Metaverse dedicated to the arts Fairness focused contracts for the distribution of compensations Fairness focused contracts for the distribution of compensations Fair compensation for content providers, artists, and contributors One easy way to improve an individual’s wellbeing and overall happiness is to simply alleviate financial pressures. Another is to fairly reward and acknowledge their efforts and skills. The Laughing Otter knows this and will compensate all content providers, artists, and contributors fairly and give plenty of ways to generate an income through the community Winning together The Laughing Otter will provide numerous ways that the community members and token holders will grow together emotionally and financially. The Laughing Otter approach is that every action must have multiple winners. Underpinning the strategic decision making are these core questions: Does it generate revenue and utility for investors and token holders?Does it strengthen the community and The Laughing Otter brand?Does it benefit artists and/or strategic partners?Does it make a social impact? The Laughing Otter offers ways to participate in both online and offline activities that give people reasons to connect and have a good time. Providing opportunities to engage is an important way to improve overall wellbeing and happiness and just part of the many ways that The Laughing Otter is changing lives in a positive manner and generating revenue. Some examples of online and offline activities and events are: Music concerts Art exhibitions Seminars and conferences Health and wellness retreats Community member exclusive events Fundraising Sporting events Gaming Social Impact The Laughing Otter vision is a simple one; to make the world a happier place. This mindset is embedded in all that we do. We believe that making people happier is a serious business. The Laughing Otter community will support projects that give children a fair start in life and improve overall global happiness. The community will be a big part of deciding what is supported and where funds flow to what The Laughing Otter initiatives. Gamification Fun incentive-based and Play to Earn functionality will be built into the community to encourage participation and engagement Contributions Quests Challenges Rewards Collaborations Much, much more The Laughing Otter Metaverse - ‘Art Infinitum’ Art, across all genres, brings people together and stimulates emotions. The Laughing Otter community will build a world where the arts and artists are celebrated. The world of infinite art will allow artists and fans to come together in a living, breathing piece of art; multiple artistic organisms with their own spirit and biorhythms. Combining all genres and subgenres makes the possibilities endless. Players and artists will be able to earn significant revenue from selling creations and participating in a robust Play to Earn environment. Investors will be able to own their own game environments; graffiti wall, art gallery, concert hall, record label, movie studio… and generate a considerable income as they build a community of fans and artists who love what they love. Artists and fans will be able to work in the genres and subgenres they enjoy, while meeting a community of people of similar interests. Built into the Metaverse is a fully functioning marketplace that allows artists and fans to buy and sell creations. Maximizing Utility At The Laughing Otter we feel it important to maximize utility to grow the strength of the community, ensure the longevity of The Laughing Otter, and maximize the social impact that can be achieved. The Laughing Otter needs to be something we are all proud of. To build the power of the community financially and the level of social impact, The Laughing Otter generates revenue both on-chain and through traditional streams Advertisement Sponsorships Partnerships Memberships Rare + collectable NFTs Staking rewards Marketplaces In-game assets Branded merchandise Events VIP Experiences With multiple revenue streams and sound business practices, The Laughing Otter will be able to maintain month on month profitability. Leveraging the Best of Web2 – www.thelaughingotter.com The Laughing Otter leverages the best of Web2 and its ability to connect people. Using proven revenue generating and community building business models, The Laughing Otter will grow in strength and financial stability on behalf of the entire community. It will also allow The Laughing Otter to recruit traditional web users into the Web3 space and build brand loyalty with people who would otherwise not have heard of The Laughing Otter or Web3 Known UX/UI tools Positive content Interactive community Exclusive membership area Proven revenue models Along with The Laughing Otter parent site and community, visitors and community members will also be able to participate in sub-communities based on their interests. Currently in development are the following sub-communities: The Laughing Otter - Music The Laughing Otter - Gaming The Laughing Otter - The Outdoors The Laughing Otter - Visual Arts and NFTs The Laughing Otter - Developers The Laughing Otter - Business Once these are completed and launched, it will be up to community members to decide what additional niches should be added. The options are endless. Reinvesting and Sharing Resources The Laughing Otter reinvests economic resources within the DAO to support projects that further the vision of making the world a happier place and raise the value of the community. We create collective ownership through the TLO$ token. We openly share our collective resources of knowledge and networks to uplift the DAO and its members. Examples would be supporting artists, writers, social impact initiatives, and events. Anything that improves personal happiness will be considered. The Laughing Otter Crowdfunding Platform Without a doubt, the biggest challenge facing artists, innovators, and entrepreneurs is finding the initial seed money to get an idea off the ground. To a limited capacity, crowdfunding does give the opportunity for fans, investors, friends and family the ability to support one-off projects with platforms such as Kickstarter, Indiegogo, and GoFundMe. Patreon even allows supporters to contribute monthly on an ongoing basis. Unfortunately, without upfront money to invest in marketing and a developed network, crowdfunding targets tend to fall short. The Laughing Otter approach is different. Artists, innovators, investors, and fans are incentivised financially to participate in the creation and support of projects that improve global happiness with financial rewards and voting rights on how the ecosystem develops. We support the wider community in a way that is not possible via traditional crowdfunding platforms. The Laughing Otter crowdfunding platform is unique in that: Fees generated in our ecosystem will be distributed back to The Laughing Otter community Passive income generated through token ownership and staking Smart Project Funds earn interest and receive rewards through our Staking Program Community members have governing input A project fund can be created by artists, entrepreneurs, and fans - with the only limitation being creativity and imagination True artistic and entrepreneurial innovation is rewarded Pay for Contributions Play to earn has become an ingrained part of Blockchain gaming, and the gaming industry in general. Players are incentivised with financial rewards while playing a game. Developers are also encouraged to contribute to the game experience. The rewards are typically in the form of the native tokens, in game tools, treasures and NFT’s that can be traded and sold in game or the open market. The Laughing Otter model extends beyond gaming to all contributors. It is a creator economy with a ’Create to Earn’ model that encourages content providers, writers, artists, etc… Content Providers are incentivised to create and get paid, which is a revolutionary step in both content driven websites and the arts. The Laughing Otter will generously compensate anyone who contributes to content, creations, or increases utility. We put the ‘creator’ of content or art at the top of the value chain and feel they should be a significant benefactor of the inherent utility. Traditional content websites such as Instagram, Twitter and Facebook do not reward those that create the content. Even if your post receives millions of views, you don’t receive any reward. The Laughing Otter is different. Content providers and creators are compensated for their contributions in multiple ways, depending on the nature of the work. The Laughing Otter will also fund projects that progress the vision of making the world a happier place, sharing the wealth and well-being with the creator and the entire community. For example, If a creator wants to record a song, publish a book, hold an event, make a social impact… The Laughing Otter ecosystem will fund, provide tools and visibility, and connect to the community to successfully create and release the project. The Laughing Otter Sponsorships At The Laughing Otter we love things that bring people together with a common goal. We will be sponsoring all sorts of fun things. Sponsorships will happen at the local, national, and international level. What we get behind will be selected via the votes of community members. The Laughing Otter will sponsor: eGaming teams Musicians and artists Sports teams Social impact events Concerts and events Just to name a few… Platform Architecture Laughing Otter platform is conceptualized as a token economy for the community of creative people. The token infrastructure is designed as a collection of non fungible tokens and a set of governance and utility tokens. The Laughing Otter platform is bringing together a wide variety of stakeholders to create physical, digital assets, and experiences that produce transformational impact on society Following are the key components in the platform architecture: NFT Marketplace A content management system A Governance Token A Utility Token A Staking Pool A DAO A Treasury A Royalty Management System Non Fungible Tokens are one of the most powerful and participative paradigms in the world of crypto economics. Various types of art works and artifacts are digitized through non-fungible tokens. In our context, we increase the reach and utility of the non fungible tokens through events and campaigns. The Laughing Otter web-based marketplace allows users to upload, publish, and sell their minted NFTs. The marketplace will use smart contracts to control NFTs transactions. Additional benefits of this marketplace are that economic principles of supply and demand become automatically integrated into the system, allowing the community to determine the fair price of user-generated assets. Once these NFTs reach a critical mass, they are eligible for rewards and added to a staking pool. A staking pool allows multiple stakeholders to combine their token assets as a way to increase their chances of being rewarded. NFTs are digital assets, whereas DAOs are the way to govern sources and workflows. Both of them enable ownership over the assets and activities in a collective and convergent manner. The combination of governance token and utility token enables the functioning of the NFT marketplace in a multi-sided manner streamlining the network effects The Laughing Otter NFT Marketplace The Laughing Otter NFT Marketplace will host digital assets created by the community. This is where NFTs are minted, sold, and traded. It’s another new form of monetisation for our community that allows members to buy and sell creative assets. In line with The Laughing Otter vision, we partner with Not-for-profits to utilize this exciting new way to raise funds for their cause. The Laughing Otter Community DAO The Laughing Otter made the decision to establish itself as a Decentralized Autonomous Organization (DAO) to strengthen the commitment to the community, contributors and external stakeholders. Together we will significantly impact the world in a positive way while all token holders gain financially. Through creating the DAO, token holders have a significant voice as to the strategic and commercial decisions that govern the direction of The Laughing Otter. The Quadratic voting mechanism will be utilised to reduce the voting power of large $TLO holders and reduce plutocracy. This system is used successfully by several other protocols, and we believe it is the fairest way to weigh votes. Funds in the DAO treasury are democratically governed by members of the DAO and are allocated towards various projects. The treasury contract is a simple vault implementation holding all the funds collected by the protocol. The Laughing Otter Community ‘The 5O,OOO PreTLO Token Airdrop’ As we launch The Laughing Otter as a Decentralised Autonomous Organisation (DAO), we are building our community of artists, innovators, entrepreneurs, music and art lovers, and strategic partners who all believe in making the world a happier place, one person at a time. By joining our Airdrop in calendar Q3 2022, participants receive Pre$TLO tokens. These tokens will give holders voting rights in The Laughing Otter development, social impact projects, proposals from members and protocol changes and will be exchangeable for $TLO early in calendar Q4 2022. Token Economy At The Laughing Otter everything we do is underpinned by one word: ‘FAIR’. The token economy is designed to reflect this. We will comprehensively explain the roles of the $TLO Governance Token and TLOx Utility token, our token distribution schedule and staking program. $TLO The $TLO Token holders will have voting rights and be eligible for our governance council. The token will be used in our staking programs and provide liquidity. TLOx The TLOx utility token is of equal value to $TLO and is exchanged from $TLO and used as currency in The Laughing Otter community and Metaverse. Burning Mechanism The Laughing Otter management will offer services and products throughout the community. Every TLOx used to purchase The Laughing Otter services, products or NFTs will be burned with a cap of 2% per year. Revenue Distribution 100% of fees generated in The Laughing Otter Ecosystem will be distributed to token holders. A 5% fee will be charged for every transaction occurring in The Laughing Otter Marketplace, NFT Marketplace and our exchange. Staking Programs We have a long-term vision of the financial gains for our community and the social impact that The Laughing Otter can achieve, therefore, we would like to give incentives to token holders who are on this journey with us. Staking into a protocol is a signal of your commitment to the vision, especially when locking the tokens for an extended period of time. We will offer an initial staking program consisting of the $TLO Staking pool. You can lock your tokens for a period of up to 12 months. This changes your token weight. By increasing the duration of your lock, you will increase the token weight of the locked tokens. The maximum weight of a locked token is 2, which occurs when you lock for a period of 12 months and unlocked tokens weight is 1. Token Summary Pre-Seed: 5% released at the token generation event 12 month locking period Followed by: 12 month linear unlocking period 5% 2,500,000 Seed: 10% released at the token generation event 12 month locking period Followed by: 12 month linear unlocking period 15% 7,500,000 Community Round: 10% released at the token generation event 12 month locking period Followed by: 12 month linear unlocking period 3% 1,500,000 Public Round: Liquidity bootstrapping Pool 100% unlocked at token generation event 10% 5,000,000 Yield Farming + $TLO Rewards 30% 15,000,000 Liquidity & Ecosystem 10% 5,000,000 Core Team, Partners & Advisors: 5% released at the token generation event 12 month locking period 12% 6,000,000 DAO Treasury 15% 7,500,000 Total 15% 7,500,000 Token Mechanics Liquidity & Ecosystem - 10% Core Team - 12% DAO Treasury - 15% Liquidity Mining - 30% Investors - 33% Token Release Schedule Pre-Seed Sale A Pre-Seed round will be rolled out in calendar Q3 2022 for a limited 2,500,000 tokens at .20 cents US, with $500,000 US dollars raised. All tokens are subject to a 12 month locking period and then a 12 month linear unlocking with 5% unlocked at the token generation event at Public Sale. Funds for this sale will be used to recruit talent, marketing, fund revenue generating activities, and find additional sponsors and partners Community Sale On a launch pad still to be decided and to mark our appreciation we will be releasing a small number of tokens to our beloved community. These tokens will be unlocked, and the funds will be used for marketing, recruitment, fund revenue generating activities, metaverse and protocol development. Tokens sold in the community sale will be locked for 12 months. Public Sale Balancer Smart Pool Distribution In calendar Q2 of 2023 we will hold our Public $TLO token sale through a Balancer Liquidity Bootstrapping Pool (LBP). LBP is a liquidity pool that enables new token creators to use a decentralised exchange to generate funds for the project. LBP provides the ability to launch tokens with low capital requirements. In line with The Laughing Otter’s philosophies, using a LBP is an advanced mechanism that allows projects like ours to raise funds in a fair way. It removes the flaws of individual caps, whitelisting and bots and ensures everyone can participate in a fair price discovery process. Why LBP? With a LBP anyone can invest, big or small. Eliminating bots, whitelisting and reducing gas spend LBP will allow a genuine price discovery over the 72-hour period that the pool will be open. Tokens will be immediately tradeable, making it impossible for a large party to dump on smaller ones. Using the Copper Token Launch Auction for our public sale, we will set our LBP parameters: Starting weight: 96:4 Ending weight: 50:50 Duration: 72 hours Sale $TLO: 5,000,000 Initial USDC: 1,000,000 This will allow the token price to start high and then through downward pressure from the LBP platform and upward pressure from trading, the market will discover the $TLO token price. The Laughing OtterNFT Giveaway We will be minting 250 exclusive rare The Laughing Otter NFTs as a giveaway to the top 250 contributors at the end of the LBP. You will be able to instruct our in-house artists to depict The Laughing Otter in a way that you choose (subject to good taste). Owners will be able to showcase the NFT image as they choose and will be able to sell the NFT on The Laughing Otter Marketplace in the near future. To be eligible you will have to meet these criteria: Be one of the top 250 contributors You must be holding $TLO at the end of the LBP in your wallet, a snapshot of the wallet will be required as proof at the end of the 72hr LBP Staking Reward Program Token holders can stake portions of their assets by joining the staking pool for a certain period of time. In return, they receive staking rewards. The staking rewards are dependent on the number of staking participants that are staking, transaction volume and other factors. The Laughing Otter staking reward program will consist of 15 Million Tokens. The staking pool will decay linearly over 3 years. A staking pool allows multiple stakeholders to combine their resources as a way to increase their chances of being rewarded. The Laughing Otter has 2 core pool contracts which you can stake tokens in order to receive additional $TLO tokens. $TLO Pool – this pool only holds $TLO. Rewards will be vested for 6 months or can be claimed as TLOx for use in the Laughing Otter community. The Leadership Team Jeff Bogensberger CEO & Founder 25+ years business experience Web & software development High growth start-ups Channel partnerships Extensive global networks Built and managed large teams Experienced public presenter Sales and marketing experience Gokul Alex CTO 20+ years architectural design experience Extensive blockchain knowledge Founder of blockchain projects 33K followers on Linkedin Disruptive innovation Data science Cybersecurity DeFi Distributed Ledger Advisors Phil Talbot Founder & CEO - Authentium Algorand Foundation Blockchain development Decentralized AutonomousOrganizations (DAOs) Finbar O’HanlonFounder - APAC Innovation Institute Certified innovation professional Project Peace on Earth - Board member and performer Respected music industry professional Dominic GluchowskiCMO -- Coinjar Web3 User acquisition Digital Marketing Darius Naigamwallai Investor & Strategic Advisor Multiple successful exits Capital raising Mergers & acquisitions Dr. Paul GoodenDirector & Founder - Med ID Global expansion Organizational design Six Sigma black belt Karen CohenFounder -AlgoHub Extensive blockchain network Community champion Algoran Foundation Technology talent acquisition expert Would you like to be happier? Visit our website: www.thelaughingotter.com Email us: email@example.com Twitter: twitter.com/laughing_otters Discord: discord.gg/thelaughingotter LinkedIn: www.linkedin.com/company/thelaughingotter Facebook: www.facebook.com/thelaughingotterglobal Instagram: www.instagram.com/laughingotterglobal Disclaimer This whitepaper is intended for informational purposes only and will be updated with more specific information periodically. The representation in this whitepaper of The Laughing Otter ecosystem does not provide any warranty as to the accuracy and completeness of this information. No representations or warranties have been made to the recipients or its advisors as to the accuracy or completeness of the information, statements, opinions, or matters (express or implied) arising out of, contained in or derived from this whitepaper or any omission from this document or of any other written or oral information or opinion provided now or in the future to any interested party or their advisors. Nothing in this document shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy (or sell) any investments in any jurisdiction and should not be construed as such. The information in this document does not constitute a recommendation for any person to buy a token. Certain statements contained in this document may constitute forward-looking statements or speak for future events or plans. Such forward-looking statements or information involve known and unknown risks and uncertainties, which may cause actual events to differ materially. The publication of this whitepaper does not imply in any way that the laws, regulations, or rules in any jurisdiction have been complied with to any extent.