Prospectus Overview for those who haven't read it yet:
@themutualfun is attempting to transform NFTs from a collectible asset into a membership seat in an on-chain fund, where NFTs, tokens, governance, dividends, and supply reduction merge into a single economic flywheel.
1. NFTs aren't just for holding—they're a "seat" in a fund Each Seat NFT acts as both an NFT and an entry ticket to a fund. Holders can vote on capital allocation and profit distribution. Here, the NFT is a financial primitive, not just a collectible.
2.
$TMF is designed as the “tokenized representation” of a Seat 1 Seat = 401,000
$TMF $TMF isn't just an infinitely minted governance token; it’s anchored around the Seat as its underlying asset. This sets it apart from traditional NFT setups.
3. NFTs evolve through supply burns Two Seats with identical traits can merge into a higher-tier Seat:
2 Seats → 1 Seat (Old Seats are permanently destroyed). Users upgrade their assets by burning supply, rather than the team issuing new rarities. A solid scarcity flywheel.
4. Real governance that impacts capital Holders vote directly on allocation, profit-taking, and fund expense parameters. NFT holders function much like members of an on-chain investment club.
5. Dividends aren't "free yield" The system implements a high-water mark. The fund must generate real profits exceeding previous highs to distribute dividends. This prevents the classic "pump → snapshot → payout → dump" cycle.
6. The best part:
Elimination of central ownership The Prospectus designs the protocol around: No owner → No upgrade → No pause → Permissionless operation Operational tasks are open to anyone, with callers earning Postage. It shifts from a founder-dependent NFT project to a self-sustaining, on-chain protocol.
And after all that, I still don't have a TMF pass. Lol 🤣🤣
@Kingpickle
We've unlocked part of our Prospectus on the TMF website 🪑
Take some time to explore, learn, and ask questions in our growing community.
Also, tomorrow at ~8 PM EDT. Deng snapshot. Delist and link your wallets before then. More info in the prospectus.
themutual.fun/prospectus