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Executive Summary

Supernovas combines a decentralized social media network with a multi-chain NFT marketplace to offer the ultimate NFT platform for creators and collectors – with discovery and distribution baked right into the platform, and built to scale up to 1 billion users.

NFT market established itself in 2021, DAOs and Social Media are up next

Supernovas leverages the complementary services of NFT marketplaces, decentralized social (DeSo), and eventually DeFi, in a differentiated and unique way with no established precedence. All of these markets are experiencing massive growth simultaneously. As the markets grow, clear problems in the existing marketplaces are beginning to emerge.

Address the issues with existing NFT marketplaces

There are multiple factors hindering healthier ecosystems and mainstream adoption in current NFT marketplaces. High gas fees, accommodation of large files, lacking customized discovery, poor UX, scalable user verification, no social functionality, and lack of real decentralization and transparency are among the issues Supernovas is out to solve.

Begin with an NFT social network, and expand into a decentralized super app

The first version of Supernovas will solve the current pain points of the NFT market by combining multi-chain, low-cost NFTs with social functionality. Supernovas version 2 will enhancing the core NFT and social experience features, while garnering further mainstream engagement. Long-term, Supernovas will expand into building a decentralized universe utilizing all-things crypto.

Attract the NFT community with incentives, engage mainstream

Supernovas growth strategy focuses on attracting existing NFT creators and collectors by providing well-designed tokenomics and a superior incentive program. The incentives are designed to maximize NFT minting on Supernovas, resulting in expanding NFT inventory across multiple chains. This expansion of inventory will create awareness around Supernovas, and will steadily attract the mainstream to the platform. Supernovas dedication to providing high-quality user experience and low-friction transactions will enable continuing to scale growth into the mainstream.

Community at the core of Supernovas' activities

Supernovas will function as a DAO to decentralize power and governance and align its mission with community incentives. This allows for structured fundraising and value retention for the community. Governance will be gradually decentralized in three phases to guarantee efficient operations and fair community build-up.

Token supply equally benefiting token holders, with deflationary mechanisms

The Supernovas token is built around rewarding transaction participants on DAO royalties paid, while purchasing and burning token supply with the DAO royalties received. This leads to a liquid market and declining supply. Creators will be rewarded the equivalent of the full transaction fee, while collectors are rewarded in accordance to the creator volume sold, encouraging the discovery of emerging artists. Additionally, users will be rewarded for their referrals of new active users, which leads to further NFT transactions. Supernovas will launch the token through a public auction on May 25.

The team - Supernovas' greatest asset

The Supernovas team is strategically structured to foster continued execution excellence and sustained success in being comprised of both specialized experts and polymaths. Supernovas is immensely focused in perfectly balancing visionary leadership, execution capability, and commercial understanding.

Disclaimer

PLEASE READ THE ENTIRETY OF THIS "DISCLAIMER" SECTION CAREFULLY.
NOTHING HEREIN CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISOR(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER SUPERNOVAS LABS INC (THE COMPANY), ANY OF THE PROJECT TEAM MEMBERS (THE SUPERNOVAS TEAM) WHO HAVE WORKED ON THE SUPERNOVAS PLATFORM (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE SUPERNOVAS PLATFORM IN ANY WAY WHATSOEVER, ANY DISTRIBUTOR/VENDOR OF SUPERNOVAS TOKENS, INCLUDING WITHOUT LIMITATION SUPERNOVAS LABS INC (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS WHITEPAPER, THE WEBSITE AT SUPERNOVAS.APP (THE WEBSITE) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE COMPANY.