Your blueprint for financial independence.
The Flip is a blueprint for financial independence using a structured personal finance system and passive income.The 1st edition is now available on Hic Et Nunc for 10 XTZ.
Get peace of mind over financial matters, in everyday life and in case something unexpected happens.
Economy is one of the most common sources for social friction and household issues, you can eliminate it.
Achieve financial independence and the choice to live the life you want to live - and whether or with what you work.
With a plan, the ability to execute it and the virtue of time, you can take control over your economy and create a passive income stream that supports your way of life, without having to work for money ever again. But long before this you can eliminate the negative aspects and anxiety money often creates and only see it as a positive enabler, just like it is.
The Flip is an e-book bought as an NFT on Hic Et Nunc. After you've bought the NFT you can download the PDF through the IPFS link on the bottom of the product page. After this you can read it as any other PDF on a suitable device.
Primary buyers of the 1st. edition NFT qualify for 5 FLIP tokens which will be sent automatically. Accounts holding both the NFT and FLIP tokens will receive further occassional airdrops, see below.
The Flip is a plan designed to get you to financial independence through passive income. It details how to do so in two main stages:
1. Take total control over your economy and design it to support your desired lifestyle – while still have money left to invest for your future self.
2. Design and build a perpetual, ever growing passive income machine that can support your chosen lifestyle.
The Flip will guide you through both of these stages, step by step, with suggestions for how to create habits and processes to make sure that you stick to what you want for yourself. By doing so you’ll also get a structured way of deciding and communicating with others about your finances – something that will eliminate almost all friction money creates.
The Flip is sold as a NFT on Hic Et Nunc which is on the Tezos blockchain, where purchasing the NFT also gives each buyer some FLIP community coins (FLIPs). These coins represent membership points in The Flip community, and when held together with the NFT qualify for community airdrops.
100% of the proceeds of each NFT sale of The Flip will be sent to The Flip Stash, backing the FLIPs. This will in turn be used for income generating activities in the crypto ecosystem, such as baking XTZ in the Stash to receive staking rewards. A portion of these rewards will be distributed to FLIP holders, usually around the end of each month.
The Author and Affiliates are paid FLIPs instead of getting a direct cut of the sales price. An Administrator is allowed to delegate the XTZ, trade XTZ to other tokens, issue payouts from the Stash, mint new tokens and perform other housekeeping activities. The FLIPs themselves can be traded or sent just like any other FA2 asset.
However, no guarantees are given that rewards will be on time or "correct", however that is defined. This is not an investment and no expectations of an investment grade coin or security can be made.
While words themselves can be very powerful, NFT’s on a blockchain allows us to prove ownership in a decentralized and permissionless environment. This opens up possibilities for creators to connect with the buyers of a work beyond a mere transaction.
In this case, buyers of The Flip NFT will at some point be airdropped FLIP community coins. FLIPs will in turn qualify the owner of further airdrops of tokens in the Tezos ecosystem. New NFT owners will receive their FLIPs before the next airdrop.
The Flip NFT itself proves ownership and membership in The Flip community, and the FLIPs are community membership tokens that for example demonstrate how a dividend machine could work, but they could also get other uses in the future.
Important to note is that FLIPs are not to be seen as an investment in a common enterprise, as there can be no expectation of profit from owning them over directly owning XTZ. They are better represented as club membership tokens.
For every sale of The Flip (excluding resales), an equal amount of FLIPs to XTZ are taken into circulation from a pre-minted stash. Some FLIPs go to the author and potential affiliates and the rest to the buyer of the NFT. The sales XTZ is stored in a Stash, where they are staked and/or used to buy other tokens in the Tezos and other crypto ecosystems, used to provide liquidity in decentralized exchanges, participate in other DeFi activities and so on.
The Administration of the Stash aims to provide monthly airdrops to FLIP holders who also hold a The Flip NFT (any edition). The exact mechanic could change though, and a staking or farming scheme could for example be used instead.
In the future, FLIP coins might be used to farm governance tokens or directly be used to control the Stash as a DAO. However, no roadmap, timeplan or promises are given for such a transition.
FLIP is a community coin (utility) with an educational purpose. This means that even though coin owners can expect airdrops and other benefits of owning them, this is meant to illustrate the mechanics of a dividend machine and what NFT's can unlock and not be seen as an investment. It would be more prudent to invest and stake crypto coins directly than to buy the book NFT in order to get FLIPs.
Due to regulatory or other reasons the FLIP community coin program can at any time be cancelled. The FLIP coins can obviously not be recalled though even if this would take place.
None of the contracts have been audited and there’s no guarantee to the cadence or correctness in any distribution.