Ible City Deep Dive

Ible City is the first environment in the Vendible ecosystem.

Environments

Each product in the Vendible ecosystem has an associated environment and cause. These are focal points for people to resonate, engage, and support the project. The first environment we are introducing is the city. The city connects with our key recovery service Trustible.

We are launching an NFT project, Ible City, to help grow support for the launch and operation of Trustible. Members of Ible will gain discounts and rewards while helping support education, research, and prevention of air pollution by engaging with each other and our NFT project.

Our cause

The air in Ible, like many major cities, has become polluted due to neglect for the environment. This has led to many issues for those that live there. The effects of air pollution on all of our lives is shocking.

  • Millions of premature deaths each year are linked to indoor and outdoor air pollution.
  • Air pollution damages children's lung development.
  • Particle air pollution worsens heart and lung disease.
  • Air pollution is the 4th largest threat to our health contributing to 12% of annual deaths

Participating in the Ible City NFT project will help fight this common threat.

Purpose

Vendible is releasing an interactive token series which supports the environment and cause of Trustible. We hope to acheive the following core goals with these assets.

  • Drive demand for Trustible
  • Generate initial waitlist for Trustible testnet
  • Increase brand engagement, build our social presence, and strengthen our community
  • Drive demand for VEND token
  • Passive revenue from royalties to support the fight against air pollution

Introducing xNFT

xNFT stands for Cross-Network Fungible Token. It is a new concept developed by Vendible to promote the cross-chain capabilities of Trustible. Trustible allows members to import and protect private keys from participating blockchain networks such as Bitcoin, Ethereum, Solana, Polygon, Algorand, and more.

We are releasing a token across multiple blockchains that provides identical utility regardless of the mint network. Not only do the xNFT tokens offer the same utility (rewards and incentives), they are so interchangeable that members will be able to combine tokens from different blockchains to level up to a higher level xNFT on a network of their choice. We accomplish the merge using Algorand state proofs and other bridges for monitoring asset state during the crafting process.

Our theory is that, since we can prove tokens on different chains have identical values, this will cause an increased volume of trade cross-network as people look to exploit price differences. This setup should bring additional volume from larger platforms to smaller marketplaces.

xNFT Mint

Vendible will release a series of 16 sets of 1000 Level 1 xNFTs. As seen below, a thick smog covers the city of Ible. xNFT holders can combine any two xNFTs of the same level to merge them into a higher level xNFT (these can be from the same blockchain or different ones). When you mint higher-level xNFTs, you unlock significant discounts, rewards, and even more NFTs!

The highest our xNFT series can reach is level 7. Reaching this level clears all of the smog in Ible and provides the ultimate rewards for the xNFT holder.

xNFT Release Schedule

Vendible will keep each release network and date a mystery. All series will release on marketplaces.

  • Series I:  1000 xNFTs on Algorand
  • Series II:  3000 xNFTs on Algorand
  • Series III:  3000 xNFTs on Algorand
  • Series IV:  3000 xNFTs on Polygon
  • Series V: 3000 xNFTs on Solana
  • Series VI:  3000 xNFTs on Ethereum

Utility

Note: Utility is open to community discussion and subject to change prior to mainnet launch.

Due to the nature of Vendible privacy-preserving associated accounts, you only need one xNFT in an account to receive discounts on every key you import.

  • Combine xNFTs from different chains to level up assets
  • 10% - 70% discount on Trustible subscriptions
  • Free PFP NFT at testnet
  • Enhanced PFP NFT each time you level up!
  • Free testnet NFTs
  • Future years subscription locked in at current rates
  • First access to testnet and VEND rewards
  • Special events with team and private chat room
  • Preferred access to future offerings
  • Can be sold when you have registered all of your accounts so others can use discounts
  • Higher levels can rent xNFT to others creating revenue stream!
  • Higher levels receive increased DAO treasury dividends (in ALGO, BTC, ETH, etc)!!!

Distribution

70% of initial sales will go to Vendible and 30% of initial sales will be held for clean air initiatives. 100% of our 4% royalty plus crafting fees will go towards clean air initiatives.

Levels and Rewards

You would need 64 total level 1 xNFTs to reach the highest level and rid Ible of air pollution forever. There will only ever be 250 level 7 xNFTs if all assets are merged to the highest level.

Level

Discount

Rent

DAO Bonus

1

10% for 10 years

-

-

2

20% for 20 years

-

2x

3

30% for 30 years

-

3x

4

40% for 40 years

10% for 10 years

4x

5

50% for 50 years

20% for 20 years

5x

6

60% for 60 years

30% for 30 years

6x

7

70% for ∞ years

40% for 40 years

7x

1

10% for 10 years

2

20% for 20 years

3

30% for 30 years

4

40% for 40 years

5

50% for 50 years

6

60% for 60 years

7

70% for ∞ years

1

-

2

-

3

-

4

10% for 10 years

5

20% for 20 years

6

30% for 30 years

7

40% for 40 years

1

-

2

2x

3

3x

4

4x

5

5x

6

6x

7

7x

Ible City Roadmap

Ible CIty Launch on Algorand

Algorand is our home and central nervous system for all operations. We have launched Ible City to grow support within the #algofam before moving to the other four blockchains we will offer services for during testnet.

Ible City Launch on Polygon

Vendible received a grant in 2021 from Polygon to extend our services from Algorand to their network. Trustible will be the first of many cross-chain solutions.

Ible City Launch on Solana

Large markets and an NFT collection with the same value regardless of the network it is minted; we hope this collection will drive more exchange volume to Algorand as people begin to take advantage of price differences cross-chain.

Ible City Launch on Ethereum

Large markets and an NFT collection with the same value regardless of the network it is minted; we hope this collection will drive more exchange volume to Algorand as people begin to take advantage of price differences cross-chain.

Ibler PFP Release

An Ibler is a citizen of Ible CIty. We will open a shuffle with 16,000 level 1 PFPs for Ible City Holders.

Testnet registration & VEND Release

When testnet for Trustible opens, ensure that your first account protected holds at least one Ible City, and your testnet VEND will populate as you begin protecting your private keys. VEND on testnet will transfer to mainnet midway through testing after we have fully open-sourced our solution. Each Ible City NFT will generate at least 1200 VEND for participation in testnet.

Merge

Near the end of testnet, we will open merge. Merge allows you to combine multiple Ible City NFTs to produce a higher level Ible City NFT with greater discounts, rewards, passive income, and bonus multipliers for the DAO profit-sharing treasury, which pays in BTC, ETH, ALGO, etc. Discounts and rewards are listed above.

Each time you merge your NFTs to a higher level, you receive a higher level PFP.

2 Ible CIty NFTs = Level 2
4 Ible City NFTs = Level 3
8 Ible City NFTs = Level 4
16 Ible City NFTs = Level 5
32 Ible City NFTs = Level 6
64 Ible City NFTs = Level 7

Mainnet discounts

When Trustible opens for mainnet, ensure that your first protected account contains your highest level Ible City NFT. Holding the NFT will provide you discounts on all future keys you protect.

Discount rental

Iblers with a level 5 or greater Ible City NFT will have the option to post their NFT to a smart contract for short-term rentals, allowing you to earn passive income.

DAO Treasury

With a solid and committed community, Trustible will be successful. Vendible will transfer 30% of all profits to a DAO Treasury for participation and support. The DAO will use these assets, such as BTC, ETH, and ALGO, to support the members, the projects, and the worthwhile causes. Higher-level NFTs produce a bonus multiplier whenever the DAO issues a reward to its members.

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