Whitepaper

What is The Laughing Otter?

The community and brand that is creating unprecedented utility through multiple revenue streams while positively impacting the lives of people on a global scale.

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.

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

Underpinning the strategic decision making are these 4 core questions:

1. Does it generate revenue and utility for investors and token holders?
2. Does it strengthen the community and The Laughing Otter brand?
3. Does it benefit artists and/or strategic partners?
4. Does it make a social impact?

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.

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.

Leveraging the Best of Web2

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

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.

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.

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 ‘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 Summary

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

The Laughing Otter NFT 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.