DOWN

$DOWN is an innovative experiment in token economics; combining and adapting several primitives to establish the world's first 'social token' which in addition to its speculative value based on the professional growth and progress of its' associated creator; is additionally underpinned by a growing index of NFTs, ERC20s, and external social tokens. This is achieved by leveraging the Emblem Vault, and Fractional.art platforms to deploy an NFT-backed token, wherein the underlying NFT is a functional (though not directly accessible) multi-coin wallet. The Emblem Vault NFT is held in escrow, preventing any assets from being extracted; but still plays host to a standard public/private key pair, meaning anyone can deposit nearly any asset, at any time. To prove it possible, and to further elevate $DOWN into the limelight; the vault which underpins it's value also holds 10% of its total supply.