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Foundations of Schnoodle
The Cornerstones and Four Pillars of Schnoodle
Most DAOs use a governance voting system such as Snapshot for the community to vote for changes. Often, these are off-chain changes, but they can also be on-chain, namely smart contract interaction. All changes must be executed on-chain by the centralised trusted group which is usually multisig controlled. What if enough of the multisig owners disagree with the change to prevent the change happening? What if the multisig owners decide to make a change that the community voted against?
The first Cornerstone of Schnoodle is its Trustless Autonomous Governance (TAG) system which is a smart contract ecosystem that consists of a complex array of decentralised services, smart contracts, and an oracle for fully trustless and autonomous interaction with and upgradeability of the SNOOD ERC-777 token contract.
The second Cornerstone of Schnoodle is its sophisticated automated wealth distribution system (inspired by RFI) known as Blockchain Automated Reward Kickbacks (BARK). Holders receive rewards constantly (without even farming) whenever there's a sell swap. This has been a tremendous success and garnered exceedingly bullish sentiment from the community that Schnoodle is unlike any other rewards-based coin.
The Price Support Mechanism (PSM) feature was introduced in SchnoodleV6 as a solution to one of the most notable facets of cryptocurrency: volatility. Especially during major market events such as a Bitcoin price correction, or other huge sell-off event. PSM aims to dampen this effect using a simple set of techniques without getting in the way of an open market.
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Our sophisticated and neoteric Moon Farming Platform (MFP) is like yield farming, but far more advanced and fully decentralised. It is the first of its kind with automated regulation of rewards, a gamified yield system, flexible options, and unlimited strategies. It completely breaks the mould of traditional yield farming.
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Schnoodle's goal was always to be EVM-compatible chain agnostic. We have developed a system that allows it to be deployed by anyone on any EVM-compatible chain, and value will automatically be transferable between any two chains. This Fully Autonomous Bridge (FAB) is driven by the Polybridge Infinichain Meshnet Protocol (PIMP), with allows unlimited multichain interoperability.
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Still in active development, with our game art partner Kevuru Games developing the 3D artwork, Schnoodle's 3D NFT platform (codename 'Moontron') will literally be a sight to behold. It uses a unique concept of backend rendering and dynamic IPFS persistence to allow dynamic minting of fully-customisable 3D NFTs including algorithmic rarity traits.
Last modified 4mo ago