# Introduction ## What is AMDC? **Alkie Monk Drinking Club (AMDC)** is a social club built on blockchain (Ethereum Mainnet) with the aim of gathering a group of alcohol lovers to share their knowledge and passion for all kinds of drinks. With members joining the club by holding the NFT, AMDC is the most community-and-utility focused NFT project, associated with activities and benefits, and the activities are decided by members and organized for members. # Alkie Monks Community ### **“Alkie Monks”** AMDC verified members a.k.a. “Alkie Monks” are the soul of AMDC. As alcohol lovers and drinkers, the founding team believes that **knowledge is unlimited, same for drinking experience**. Our knowledge, preference and experience cannot represent all. Instead of introducing and/or making recommendations from us, what is better than gathering all experienced alcohol lovers around the world to share their knowledge and experience on our platform and then bring the best ones to action so all Alkie Monks can taste it or even own it? Thanks to blockchain technology. Alcohol lovers are now able to gather without boundaries and build their own decentralized autonomous organisation (DAO) to make it happen. #### Discord Channel AMDC Discord is the main communication channel of the community. Verified NFT holders - **“Alkie Monks”**, who will have voting rights in the community and are eligible for participating in AMDC’s organised events.\ [AMDC Discord server](https://discord.gg/yzrWhadsHg):link:
# Contribution AMDC values Alkie Monks’ comments and suggestions. Their contribution is key to forming a healthy community within AMDC as well as development of AMDC in the long run. In addition to the usual chat function on Discord, Alkie Monks are encouraged to actively **make recommendations** and **share news of any up-and-coming drinks** in the Discord community. \ \ AMDC will regularly organise tasting events (virtual/in person) based on the community’s **recommendations** and **voting** results. The main goal of community contribution is allowing Alkie Monks to decide AMDC’s very own **exclusive product(s)** through tasting events and polls. # Holders' Benefits As NFT holders, Alkie Monks will not only own their unique NFT designed by a special artist as collectible, they are also eligible for: * **Exclusive** tasting events (online/offline) * Drinking activities/special events organised with our partners * **Claiming AMDC exclusive products** selected and decided by Alkie Monks (**for free** or at a discount rate, subject to quantity and production cost) * Receiving ERC-1155 **airdrop** tokens, which can be re-sold in the secondary market * Purchasing AMDC exclusive products at a **member's premium price** # Treasury ### AMDC vs. Other NFT Projects **Most NFT projects** are simply selling collectibles. Holders own the digital artworks authorised by the artist on blockchain as a unique, non-fungible token with limited rights and usage. Sometimes the NFT projects may come with benefits, such as whitelist opportunities for next NFT projects or early access to the metaverse (if any), or one-off souvenirs given to holders as gifts. Organiser/artists usually don’t grant additional benefits to holders to make the project sustainable. Also, almost all NFT sale goes to organiser/artist. Once the hype is gone, the NFT value will fall because there is little demand from the market. ![Most NFT projects take 100% of NFT sale income](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2F0lhu6C7Zo2YI98oy6WeV%2Funnamed%20\(7\).png?alt=media\&token=0057b23c-d0b8-445a-bbe6-478995bfc354) In order to make AMDC a **sustainable**, **long-lasting** community, AMDC is structured as a self-sufficient ecosystem after minting phases. \ **50% of the income from the NFT sale becomes the treasury** of AMDC for event organisation and exclusive item production; i.e. income is distributed back to Alkie Monks in the form of events and products. ![50% of income goes to treasury to benefit holders](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2FDomWzgpvneRZkuKPQOSt%2FImage3.png?alt=media\&token=d4b1fc34-663e-429a-89c2-b8c817aa46d7) This approach will help **increase the NFT value and demand** by enriching its utilities through exclusive events and products. Subject to market and members’ feedback, extra exclusive products will also be produced and released in the public market for sale. Profits generated from the public sale will be contributed to AMDC treasury for exclusive events and production in the future. Allowing treasury to be used for potential income sources enables AMDC to form its own income cycle to maintain the group’s operations and ensure continuous benefits to be provided to Alkie Monks from the treasury. Treasury wallet address will be shared after the 1st Phase Minting. # Ecosystem ### How does the Ecosystem work? 50% income from the NFT sale automatically becomes the treasury of AMDC. The treasury is **solely** used for members’ benefits and members’ related functions/activities: 1. Organisation of AMDC exclusive events 2. Monks’ Choice production 3. Purchase of any special items from the market to benefit Alkie Monks (based on community’s decision) To maintain a **long-lasting** and **healthy community**, continuous activities and benefits need to be provided to Alkie Monks. But continuous spending will use up the treasury one day. Thus ongoing, sustainable income is necessary to ensure there is sufficient fund in the treasury to run future activities. ### Treasury Income One way to generate income is to **sell AMDC’s exclusive products to the public**. Net profit made from the public sale will be allocated to the treasury: ![\*Subject to quantity and production cost](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2FLChd3hy37POlirMKITrP%2Funnamed%20\(1\).png?alt=media\&token=98def27b-282c-4ede-a840-5e9f51fed03b) Another way to generate income is from **royalty**. 50% of royalty earned from the secondary market sale (for both ERC-721A and ERC-1155) will be allocated to the treasury. ![50% minting income + 50% royalty + net profit from selling Monk's Choice products = Treasury](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2FNsO6vHBfjBoe4RWKf5xl%2Fchilun.png?alt=media\&token=e7502686-2555-4f76-82e8-9d52a3122233) Subject to the size of the treasury, **investing/acquiring** other alcoholic beverage companies and/or related business will also be a possible option to expand AMDC's footprint in the industry. At the same time any profits generated from the investment will be an income source to AMDC. # Operations Though the idea of AMDC is a community-owned drinking club, operating functions of AMDC such as event/activities organisation, marketing and communication, as well as arrangement of Monks' Choice production and delivery will need to be executed by someone. The founding team will take this role to manage AMDC operations. After the 1st Minting Phase, a company will be set up on behalf of AMDC to handle AMDC’s operations and administration matters. Any cost or expenses for AMDC operations will NOT come from the treasury but these income sources: * **50% from NFT minting** * **50% from NFT trading (royalty)** AMDC operation costs shall include: * **Team’s remuneration** * **AMDC overall marketing and development costs** * **AMDC daily operation expenses etc.** Separating the treasury pool from AMDC operations will ensure the treasury is only used for Alkie Monks’ benefits and/or treasury growth. ![Respective Income and Expenses for Treasury and AMDC Operations](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2Fo8rCgIuIgLOf2FwnfgPu%2Funnamed%20\(3\).png?alt=media\&token=9e28ca6a-7c72-403b-87e0-b094fa920191) ### # Use of Treasury To keep the transparency of the treasury fund, a treasury wallet will be set up and announced after the 1st Minting Phase. Any fund to be extracted from the treasury will be announced and explained before any action to be taken. The team will also provide a monthly update to the AMDC community on the status of the treasury, i.e. royalty income, profit and loss from the product sale and expense details. # DROP Airdrop ERC-1155 NFT Token **DROP : Airdrop ERC-1155 NFT Token** Despite the exclusive products decided by the community from poll results, we understand that the results may not be able to please all Alkie Monks, in addition to other possible real-life restrictions and difficulties on product delivery such as international shipping , alcohol tax for imported alcohol etc. Therefore, Alkie Monks do not immediately collect the actual products. They receive ERC-1155 NFT tokens **("DROPs")** from **airdrop** instead. Alkie Monks then can choose to: 1. Claim the gift from AMDC Store (a.k.a. "[**Monk's Cellar**](/utilities/monks-cellar)**"**) then ship it to your door, or 2. “Hodl” the token for other future benefits, or 3. Sell the token in the secondary market (e.g. Opensea) DROPs, i.e. ERC-1155 NFT tokens, work just like digital vouchers, which can be used for product redemption in Monk's Cellar. These DROPs are transferable to both Alkie Monks and non-Alkie Monks. Non-Alkie Monks, even though they are NOT holding the NFT, are still able to own AMDC exclusive products through purchasing DROPs from Alkie Monks. This secondary market helps make AMDC exclusive products open to the public in an early stage. It can also be a test of the demand of such products to decide whether extra production for the public market will be appropriate. DROPs will only be supplied at a limited quantity each time based on the number of Alkie Monks, and the tokens will be burnt after product redemption in Monk's Cellar. In the event of high demand from the secondary market for DROPs and the products, DROPs' value will potentially increase. Selling DROPs for monetary return can be an optional benefit to holders. In such case, DROPs can be considered as **dividends to Alkie Monks**, which can be used to redeem products or sold to gain extra income. | | | | | -------------------------------------------------------------- | -------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------ | | **NFT** | **Alkie Monk** | **DROP** | | **Standard** | ERC-721A | ERC-1155 | | Chain | Ethereum mainnet | Polygon | | **Public/Private Mint?** | Yes | No | | **Function** | AMDC Membership | Monk's Cellar Token | | **Distribution Method** |
  1. Minting
  2. Purchase from Secondary Market (Opensea)
|
  1. Airdrop to AMDC holders
  2. Purchase from Secondary Market (Opensea)
| | **Holders' Eligibility of AMDC Exclusive Events and Products** | Automatic for all events and products | No | Both treasury and AMDC operations rely on royalty income for growth. Secondary market trade of ERC-1155 tokens becomes an important source of income for AMDC’s development. While AMDC membership is limited, without giving up the AMDC membership, Alkie Monks will be able to earn additional income by trading DROPs in the secondary market. The sale may also help generate income to both treasury and AMDC operations. ![](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2F7l5kTIE87BpjV01l73Uj%2Funnamed%20\(4\).png?alt=media\&token=d67ff0e2-3037-4f72-8bf1-6b12ff36d699) ## DROP #0 Redeeming table wines from 'Sparkling Summer' (local store in Hong Kong) {% embed url="" %} # The future of NFTs DROP - the gate between web3 and real life DROP is an ERC-1155 NFT system designed as Redeemable**,** Tradable, Scalable and Trustless.\ Each ID of DROPs can redeem different gifts and represent different pre-set value (in usdt) to vendors.
**REDEEMABLE -** The main feature of DROP is for redemption of online/offline products for exclusive members. This feature can also be used by 3rd parties (e.g. vendors that provide products and accept DROPs for redemption). Once the vendors/3rd parties collect DROP from customers (airdrop holders), they will be able to execute "SETTLEMENT" function from DROP smart contract to burn DROPs and receive pre-set amount of ERC-20 tokens (USDT) from each burnt DROPs. **TRADABLE** - Any airdrop holders who (for any reasons) don't want to redeem DROPs can trade them on secondary markets such as OPENSEA. **SCALABLE** - DROPs will be deployed on POLYGON Chain: an Ethereum 2nd layer chain with up to 65000 transaction per second. Which means, it can support large events (e.g. music festivals) with minimum gas fee impacts. Also, since web3 transactions has no boundaries, event hosts can create campaigns to benefit oversea members. **TRUSTLESS** - Whenever event hosts want to create (mint) new DROPs, they have to decide:\ 1\) How many DROPs they want to mint to issue to their customers.\ 2\) How much is it worth per DROP. (in USDT)\ After that the DROP contract will require event hosts to deposit the total amount (plus fees) of ERC-20 token to ensure every DROPs can be paid to vendors' "SETTLEMENT" calls. ## WORKFLOW ![Comlplete workflow of DROP system](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2FJm5LoySfOugsCeGdurFT%2FDROP_workflow.drawio.png?alt=media\&token=80a3972f-60e9-4ef5-b67d-518ad191d024) ## Roles explaination There are 4 different roles in DROP system: ### 1) Event creators Those who want to airdrop to their NFT members or list of address to provide exclusive benefits. Any wallet address that holds AMDC NFTs are eligible to be event creators to create their own airdrops. Available functions:\ *Mint* - input quanity, unit price and USDT to mint new DROPs.\ *Assign Vendors* - input address, quantity. Setting specific address to be able to accept 'Redeem' function and use 'Settlement' function. Quantity is set for how many DROPs are needed to redeem per gift.\ *Revoke Vendors* - input address , id (of DROP)\ *Settlement* - Burn unused / unissued DROPs and withdraw USDT. ### 2) Members Members receive DROPs can redeem gifts online or offline. (Depend on situation decided by Event creators) If, for any reasons, members don't want to redeem the gifts. They can give, or sell the DROP nfts on OPENSEA. Available function:\ *Redeem* - A special function to send DROP to event creators assigned Vendor address. Once triggered, Drops will be transfered to vendor's address and mint the same amount of 'memorial' / 'used' NFT back to the caller. ### 3) Non members Anyone can own DROPs. If one wants to redeem the airdrop gifts, they can purchase them on secondary markets (e.g. Opensea) Available function:\ Same as Members ### 4) Vendors Vendors are a list of address (limited number) assigned by event creators. They are the endpoint for DROP holders to redeem gifts. In real life events, DROP holders send DROPs to vendors with 'redeem' function, once vendors validate the transactions they will issue the gifts to DROP holders.\ After vendors collected DROPs they can initiate '*Settlement*' functions to burn DROPs and collect USDT in return Available function:\ *Settlement* - inputs amount of DROPs to burn and receive corresponding amount of USDT ## Use case examples simulation **Borderless** - Alkiemonkdrinking.club (event host) issue airdrops to 1000 holders(members) to redeem free beer in a list of bars **globally**. Those Bar owners(vendor) will receive $5 USDT on each collected DROPs with 'Settlement' function. **Collectible -** Alkiemonkdrinking.club (event host) issue airdrops to 1000 holders(members) for Monk's choice Whisky. It's a single cask whisky and its very limited. So members have to spend 3 DROPs to redeem one bottle. Hence, members who want this limited single cask whicky has 2 choices : \ 1\) Own 3 AMDC nft so they can have 3 DROPs at once. \ 2\) Buy the 2 more DROPs from secondary market (OPENSEA) # Monk's Cellar AMDC Online Store **Monk's Cellar** is the name of AMDC Online Store. It will be officially launched when the first AMDC exclusive product (a.k.a “Monks’ Choice”) is ready. What Alkie Monks will find in Monk's Cellar: * AMDC exclusive items (alcoholic beverage selected as Monk's Choice) * Rare/interesting items (alcohol-related) based on AMDC communities' recommendations * Items that can be redeemed with ERC-1155 airdrops or purchased with cryptocurrencies More Monk's Cellar details will be announced closer to the launch date. ## **Exclusive Discounts/Benefits** AMDC will work with alcoholic beverage partners to provide exclusive benefits and discounts to Alkie Monks. There will be some surprising airdrops. Stay tuned for further updates. # NFT Minting Total NFT Supply : Limited Quantity at **5,000**
Minting PhasesMint PriceQuantityMint Date
1st Minting Phase0.10 Eth1,000April 2022
2nd Minting Phase0.15 Eth2,000TBC
3rd Minting Phase0.20 Eth2,000TBC
![Distribution of the total 5,000 NFTs](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2FYZJSoZt7U9sOInziDU7r%2Funnamed%20\(5\).png?alt=media\&token=9585c0fc-65c2-447e-a4d8-b948b88bd348) To ensure the quality of the community, minting priority is given to whitelist candidates. There will be no public mint if all whitelist spots are taken. However, the public can still join our whitelist by completing the tasks listed in [How to Get Whitelist](/minting/how-to-get-whitelist). ## **ERC721A** To enhance the minting experience, AMDC has implemented the latest NFT smart contract standard - ERC721A It is a new implementation of IERC721 with significant **gas savings** for minting multiple NFTs in a single transaction. ![Gas saved compare to old ERC721](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2Fl16lzGKtoVDSLIeHSfsa%2F68747470733a2f2f7062732e7477696d672e636f6d2f6d656469612f464964494c4b7056514145515f35553f666f726d61743d6a7067266e616d653d6d656469756d.jpg?alt=media\&token=c6a5ca1d-dc8e-4015-9b2b-41cd10d77b0e) # How to Get Whitelist? ### There are several ways to get into whitelist: #### **Whitelist for Partners, Alcohol Lovers,Alcoholic Beverage Industry** * *Contact your **YouTubers**/**KOLs** who are active in the alcoholic beverage industry to approach us for whitelist giveaways* * *Those who are already working in the alcoholic beverage industry* * *Whitelist giveaway campaign collaborated with AMDC partners on media/social media*
***The above whitelist candidates can have early access and guaranteed spots for minting.*** **Whitelist for Public Activities:** * *Invite contest on* [*AMDC Discord server*](https://discord.gg/yzrWhadsHg):link: * *Whitelist contest from* [*Givelab*](https://givelab.com/amdc):link: * *Whitelist contest on our* [Twitter](https://twitter.com/alkiemonk):link: To ensure the quality of AMDC’s community, minting priority is given to whitelist candidates. Public mint will NOT be available if the whitelist spots are all taken. However, the public can still join our whitelist by completing the tasks above. 1st Phase Whitelist Deadline: 20 April 2022 \ 1st Phase Mint Price: 0.10 ETH **Each Minting Phase will be held in conjunction with a** [**Monks’ Choice event**](/monks-choice/what-is-monks-choice):page\_with\_curl: # What is Monk's Choice? “Monks’ Choice” are AMDC **exclusive products** which are: * **Elected** by Alkie Monks, * **Made** for Alkie Monks, * **Owned** by Alkie Monks, and * **Labelled** with Alkie Monks’ **NFT** **ALL** NFT holders are eligible for claiming the Monks’ Choice exclusive products. For each minting phase, one set of Monks’ Choice product is made and decided by Alkie Monks as a guaranteed benefit for each phase. Alkie Monks who join the community in an earlier phase will still be eligible for the future Monks’ Choice redemption. Therefore, the earlier you become an Alkie Monk, the more benefits you are entitled; plus the lower mint price you need to pay to enjoy AMDC benefits. The table below explains the benefit entitlement of each minting phase: ![](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2FVaLtykZd2s0nry8X3u9t%2F56565656565.png?alt=media\&token=3b61d1e7-16c6-4c8b-b6eb-84fc9bfe357a) #### There are 4 exclusive products planned to be made so far in our roadmap. They are: ![\*The above list is not conclusive. The list may be added and adjusted over time.](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2FyPXnr0hwzmUyEPxo8vVy%2F34444.png?alt=media\&token=9f8be0ba-5b52-426c-8bc1-f79715f62e97) # Procedures #### MONK's CHOICE Procedures 1. NFT holders automatically recognised as Alkie Monks on our website after connecting the wallet 2. Alkie Monks to register on our website for available complimentary tasting events (before the deadline) 3. Registered Alkie Monks to receive the tasting set by delivery (Online) / receive event confirmation for tasting function(s) (In-person) 4. Online (or in-person) tasting event to take place \ ***(Due to COVID-19, tasting can only be arranged remotely through online. Once the situation changes, in-person tasting events will be organised where possible)*** 5. Poll open to all registered Alkie Monks for a limited timeframe to decide which one from the tasting set becomes the **Monks’ Choice.** 6. Selection with the most votes will be put in production\* 7. ERC-1155 tokens (DROPs) are distributed to Alkie Monks by airdrop for claiming the Monks’ Choice product in Monk's Cellar. 8. Alkie Monks who make the redemption will receive the product in the label of their very own NFT, which is unique to each Alkie Monk. 9. Non-Alkie Monks can purchase DROP in the secondary market from Alkie Monks and claim the product in Monk's Cellar with general AMDC labels. *\*Production time varies, depending on products* ![](https://3310777811-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQMX7ZeH5oXMnWnLdvlz9%2Fuploads%2FgAEoDwYmQR6Tq4NVLXiO%2Funnamed%20\(2\).png?alt=media\&token=92a7b02e-6eb0-416b-a3fd-bdb3da919f4e) # Roadmap #### **Stage 1 - Project Launch (March to April 2022)** * Community formation on Discord and social media * YouTuber/KOL/Partnership Recruitment * Whitelist application * Marketing and promotion * 1st Monks’ Choice sampling and tasting set production **Stage 2 - 1st Phase Minting 1,000 NFTs (April 2022)** * Whitelist minting * Secondary market available on Opensea * Reveal NFT * Company set-up for AMDC operations **Stage 3 - Launch of 1st "Monk’s Choice" (May to June 2022)** * Online tasting event * Vote * 1st Monk’s Choice production * Launch of AMDC Store (Monk's Cellar) * ERC-1155 airdrop - secondary market also available on Opensea * Exclusive product redemption in Monk's Cellar * Delivery of 1st Monks’ Choice products * 1st Monks’ Choice (beer) available in the public market **Stage 4 - 2nd Phase Minting and Monk's Choice (2022 Q2-Q3)** * 2nd Monks’ Choice sampling and tasting set production * Marketing and promotion - YouTuber/KOL/Partnership Recruitment * Whitelist minting * Reveal NFT * 2nd Monks’ Choice selection and tasting set delivery for all holders * Tasting and vote * ERC-1155 airdrop for 2nd Monk's Choice **Stage 5 - 3rd Phase Minting and Monk's Choice (2022 Q3-Q4)** * 3rd Monks’ Choice sampling and tasting set production * Marketing and promotion -YouTuber/KOL/Partnership Recruitment * Whitelist minting * Reveal NFT * 3rd Monks’ Choice selection and tasting set delivery for all holders * Tasting and vote * ERC-1155 airdrop for 3rd Monk's Choice **Stage 6 - Expand the AMDC network** * Utilities fully operated to generate income to treasury * Collaboration with different brands for events, benefits and/or discounts * Continuous of Monk's Choice events and collection to **whisky, sake, wine** and **other drinks** * Representative branch in various countries to organize local events * **Purchase of vinyards or distilleries in the name of AMDC**, the first-ever NFT community owned alcohol brand # Official links Website: [https://alkiemonkdrinking.club](https://docs.alkiemonkdrinking.club/) Discord : Telegram : Instagram : Twitter : Youtube : Opensea (AMDC) : Opensea (DROPs): AMDC Contract Address: Treasury Address : DROPs Address: