schebe

$PEPPER is for the people.

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Looking at $2 to $3B token M&A ecosystems.

Chiliz: Pioneering the Billion-Dollar On-chain M&A Era The cryptocurrency landscape is currently facing a segmentation crisis. With an overabundance of blockchains and tokens, liquidity is fragmenting, diluting the potential of these ecosystems. This issue becomes more pronounced in development-intensive periods between market surges, posing a significant risk to the industry. A radical solution is needed, and we believe that the time for change is now. The Need for Consolidation Our proposal is to reverse the current trend by consolidating liquidity, trading opportunities, and disparate Layer 1 ecosystems. This is particularly feasible within the EVM-compatible universe, where merging protocols or tokens can be achieved with minimal technical overhead. Creating Super Chains The creation of a sustainable token and protocol ecosystem should not be a competition among thousands of projects. Instead, we advocate for mergers, forming one or more 'super chains.' These super chains would be the result of synergistically combining multiple effective existing protocols and/or tokens. This approach benefits networks, businesses, and visions collectively. A Strategy of Unification The cycle of token, protocol, and value reflexivity in the crypto economy demonstrates the merit of our approach. History in business and politics shows that growth often comes from unification and mergers, not competition. We need to consolidate market caps and circulating supplies, increase exposure through higher rankings, and incentivize collaboration among smaller projects within a shared ecosystem. Maintaining Crypto Integrity Our approach is a crypto-purist pursuit. On-chain M&As should be conducted exclusively through protocol governance and smart contracts. This process will not impact corporate entities or shareholders but will involve governance proposals to increase circulating supply and homogenize chain governance rules, as necessary. Benefits of On-chain M&As On-chain M&As will reduce the total number of networks but enhance each network's decentralization, robustness, and user base. This approach is akin to a situation where the combined value is greater than the sum of its parts. Addressing Selling Pressure Concerns Unlike traditional M&As, this approach invites token holders to swap their tokens for a new issue, reducing the incentive to sell. This strategy encourages holders to be part of a larger, more impactful initiative. Criteria for Target Selection Ideal targets for this strategy are protocols or tokens with high circulating supplies, widespread distribution, and clear development goals. Distressed tokens with high market caps also present viable opportunities for growth and development. Technical Implementation A governance proposal will allow for a hard fork for each acquisition or merger. Token holders can swap their tokens for a new token, with the original token being burnt post-swap. This process is fully decentralized and secured by third-party protocols. The Possibility of Hostile Takeovers Given that on-chain M&A is driven by governance voting, there is a potential for hostile takeovers in decentralized environments. This aspect needs careful consideration to ensure the alignment of goals and values in the M&A process. ** This is a work-in-progress thesis and I would love community feedback. I know its full of challenges, but its an interesting step towards consolidation of this industry **