NLL Litepaper/IX. Dao

1. IX. DAO
The first NFT DAO of the Nine Lives Lounge
LITEPAPER 3.0
Prepared for: NLL Community
Prepared by: HyerGlyphs™
12 / 30 / 21
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(NOT INVESTMENT ADVICE. LITEPAPER MAY BE SUBJECT TO CHANGE)

2. 1. Introducing the Cool Catz Master Key
The Cool Catz Master Key is a multi-purpose NFT that will be minted on the Ethereum
blockchain. This NFT is designed to simultaneously hold ownership, governance, and
community rights over IX. DAO and its assets.
Holders of Cool Catz Master Key(s) will be entitled to, but not limited to, the following
[Tier 1] membership benefits of IX. DAO:
- Access to our private Discord channel and Lounge store;
- Ownership and management of the funds and assets in IX. DAO;
- Discounts and early access to DAO mints and merch;
- AMA sessions with key members of the NLL community;
- Access to incentive programs from the Unicly Protocol; and
- Resources and insights on metaverse and marketplace developments.
The defining aspect of the Cool Catz Master Key is its ability to dual serve as an NFT and
smart contract wallet. This feature will allow for the Master Key NFT(s) to hold ERC-20
tokens. The NFTs will be coded to lock over 60% of the total DAO token supply (NINE
token) into their smart contracts, making them true ownership shards.
The underlying tokens locked in the smart contract of the Master Key will never be available
for withdrawal. A future burn mechanism may be developed, eventually allowing members
to destroy their Cool Catz Master Key NFT(s) in exchange for the locked DAO tokens. This
measure is designed to maintain the DAO’s vision of establishing a collection of NFTs
governed by NFTs.
The Cool Catz Master Key will have a total supply fixed at 3,030 NFTs, and will be the only
Tier 1 NFT ever minted.
2. Genesis NFT Sale
During the launch of IX. DAO, the sale of the Cool Catz Master Key NFT(s) will be the only
DAO tokens available for initial purchase, except by DAO donation at a flat fee (limited
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3. supply). 60% of the funds raised will be designated for purchasing NFTs. The remainder of
the proceeds will be allocated for the operating of the DAO, including 5% reserved for the
community treasury.
The raised funds will be transferred to a multisig wallet that IX. DAO NFT holders will
manage and govern. This wallet will be controlled by six trusted individuals from the NLL
community. Their actions will be done to the best of their ability in full accordance with the
governing decisions made by IX. DAO NFT holders, including the acquisition and/or
disposal of NFTs.
Two members of the operating team and one DAO advisor will each hold a signature.
Whether acting alone or in tandem, they will never gain full control over the wallet. The
other three signatures will be held by representatives of the NLL community, selected by
open nomination and DAO election. Only DAO NFT holders will be allowed to vote in these
elections. Any and all future changes to the signatories will require a governance proposal
subject to a DAO vote.
3. The Unicly Protocol & The NINE Token
Unicly is a decentralized, third-party protocol that allows for permissionless NFT
fractionalization. Users are allowed to create NFT collections and deposit any number of
NFTs (ERC-721 and/or ERC-1155) into it, locking them into a smart contract. The protocol
will create a personalized uToken (ERC-20) to represent and govern the collection, that can
be customized by name, ticker symbol, token supply, and percentage of tokens (minimum
threshold) needed to unlock the collection’s smart contract by vote. Collections whitelisted
by the Unicly team, will allow respective uToken holders to provide liquidity in exchange for
UNIC tokens—the Unicly Protocol governance token. A collection decides if and when to
supply their uTokens with liquidity to allow for trading.
NFTs purchased using IX. DAO funds will be transferred to a vault on the Unicly Protocol
and locked via smart contract. This NFT vault will be sharded and represented by the NINE
token (ticker: uNINE), our fungible ERC-20 DAO token. All holders of the uNINE token will
have algorithmic ownership over the IX. DAO NFT vault and control its unlocking.
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4. The NFTs locked within the vault can only be released if a 60% minimum threshold of the
total uNINE token supply votes to unlock the smart contract. Each uNINE token will receive
one vote. Voting to unlock the collection is done by staking uTokens on the protocol, and is
open to all token holders.
Unicly allows third-parties to bid on NFTs within collections hosted on the platform. Users
will be able to make bids on IX. DAO NFTs, and uNINE holders can vote to accept the bid(s)
if deemed to be reasonable. Only a vote that passes the minimum threshold of 60% will be
approved by the protocol. If a vote to unlock the collection is successful, the highest bid
greater than $0 on any given NFT will be transferred to the bidder, and IX. DAO will lose
possession. Any NFTs with zero bids will remain locked within the smart contract. The
proceeds from an unlock will be distributed to uNINE holders equally by the smart contract.
uNINE holders voting to unlock the collection while there are active bids would result in IX.
DAO losing its NFTs to the highest bidders. Such a decision would render the DAO useless
with no purpose to exist if all its NFTs are sold by an unlocking.
The NINE token will have a total supply fixed at 999,999 tokens.
4. Governance and Membership
Although the NINE token both governs the DAO’s NFT collection on the Unicly protocol,
and represents ownership over all DAO assets, uNINE token holders will not be allowed to
vote on IX. DAO proposals outside of the Unicly Protocol.
Governance for all DAO decisions (excluding unlocking the vault) will be made by IX. DAO
NFT holders on snapshot.org. This will include decisions regarding DAO funds and what
NFTs to purchase and transfer to the Unicly vault. uNINE token holders will only be able to
decide in the of selling NFTs already within the vault.
The only NFT currently eligible for snapshot.org is the Cool Catz Master Key, which
provides a Tier 1 membership. Sometime after the DAO launches, IX. DAO will release a
NLL pfp that will function as Tier 2 NFTs. These avatar NFTs (Master Catz NFT) will grant
holders a Tier 2 membership to the DAO, allowing them governance and community rights.
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5. All Tier 1 and Tier 2 members will be given voting rights to proposals submitted on
snapshot.org, will only Tier 1 members will have the power to create proposals. uNINE
token holders will have a Tier 3 membership which will grant them full DAO access. Again,
the only voting done by uNINE holders will be on Unicly to unlock the vault.
As a sign of adoration and support to the larger NLL community, all official NBA Topshot
holders of the full Cool Cats set will be granted limited DAO access. They will primarily be
excluded from marketplace research and insights, and any DAO discounts. These are
reserved for IX. DAO token holders (ERC-721 or ERC-20) only. This limited access will be
granted as a Tier 3 membership upon verification of Cool Cats set ownership*.
5. Allocation & Tokenomics
60% of the total proceeds from the genesis sale will be earmarked for NFT purchasing.
The total token supply of uNINE is fixed at 999,999 tokens, with 600,000 uNINE from the
supply being locked with the smart contract of the Cool Catz Master Key NFT.
The remaining funds raised, as well as the remaining NINE tokens, will be allocated as
followed in the charts below:
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DAO access
(Discord, store, events)
DAO ownership
(Unicly + Wallets)
DAO governance
(snapshot.org)
Master Key NFT
(Tier 1)
Avatar NFT
(Tier 2)
NINE Token
(Tier 3)
NLL Set Owner
(Tier 3*)

6. Use of Proceeds
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Community Treasury
5%
Operations
10%
Artist/Dev
20%
NFT Purchasing
60%
Marketing
2%
Legal
3%

7. Token Distribution
6. Team, Council, and Advisors
IX. DAO will be facilitated by an Operating Team, selected initially by the DAO architect and
founder JustMac’n and any currently attached advisors. The Operating Team will execute
the actions decided by community governance votes, including everything from NFT
purchasing to releasing future projects. These team members will serve alongside the NLL
council in steering the direction of the DAO and fulfilling the roadmap. And like council
members, team members’ positions will likewise be subject to open nomination and DAO
election in the future. All members of the team will be expected to hold DAO ownership.
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Security Audits
2%
General Sale
5%
Genesis Community
60%
Advisors
3%
Reserve
15%
Avatar NFT Staking
15%

8. The operating team positions will be as follows:
- DAO Lead — Creative Director and business strategist
- Team Lead — Operations coordinator and project manager
- Lead Developer — Full stack and smart contract engineer
- NFT Buyer — Senior analyst and rarity specialist
- Community Lead — Manages community sentiment and marketing
The NLL council will consist of nine members selected from and by the community. They
will largely oversee the financial growth and future development of IX. DAO, as well as the
future of the NLL as a whole. Council members will be expected to hold DAO membership,
but ownership is not required. They will hold half of the six keys to the multisig wallet.
Advisors to IX. DAO will be individuals with experience and/or influence in the NFT and
Sports industries. A small percentage of the NINE token supply will be reserved to secure
advisors. All IX. DAO advisors will be required to hold DAO membership and ownership.
Advisors, as well as strategic partnerships, will be selected by the joint discretion of the
Operating Team and NLL council.
7. Legal
Details and terminology in this document are subject to change at any time. This document
should not be used for investment advice or recommendation of any technology mentioned
within. This Litepaper is for personal use and reference only, and should not be
redistributed, edited, updated or reattributed.
(IX. DAO is a community project and is not affiliated with Dapper Labs or NBA Top Shot.)
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JustMac’n
DAO Lead
BakraParty
Advisor