# BackBone Labs


Introduction	Introduction	skull knights.png
Products	Products	image (11).png
NFT Communities	GraveDigger NFT Communities	Screenshot 2024-04-23 at 20.22.41.png

# Introduction ### Who are BackBone Labs? We are a collection of DeFi and NFT enthusiasts dedicated to providing useful, unique and innovative DeFi solutions to Cosmo chains and their communities. BackBone Labs were born from the fires of the Terra collapse and still building to unite communities and enhance the decentralised economy.\ Our team is founded upon the skills of our experienced team with years of industry experience. From validating the biggest Cosmos chains, launching LST derivatives across Cosmos and developing some of the most successful NFT projects in Cosmos history our team has ample experience, connections and strategic partnerships to navigate any challenges. ### Our Mission At Backbone Labs, our mission is to increase capital efficiency in the NFT ecosystem. Our bASSETS LSTs have a purpose; revolutionize the NFT space by seamlessly integrating art and finance. We are more than just a team building dApps; we are a rebellion and a community-driven force transforming the dynamics of NFTFi. Our approach ensures that fees are redistributed within the community, fostering a stronger and more united network. It's our commitment to community involvement and the collective power we harness sets us a part from other NFT and LST platforms. By joining us on this mission, you become part of a movement that is changing the game. Together, we are stronger, and together, we are redefining the future of art and finance. ### Our History The BackBone Labs team was born from the ashes of the Terra Classic Blockchain after the crash of LUNC and USTC. Former LUNC devs and community members came together to bring value back to those who had lost everything and started building the suite of innovative DeFi and NFT products you see today. We have made the conscious decision and effort to expand our reaches beyond the limits of a single chain and aim to reach out across Cosmos to build products, communities and wealth across its entirety with the help of WhiteWhale '[RIDE Program](https://docs.migaloo.zone/develop/ride-program)' of which we are amongst a conglomerate of highly skilled devs and a passionate community. # Mission Statement Unlocking Capital Efficiency in the NFT Ecosystem At BackBone Labs, our mission is clear: to revolutionize the NFT ecosystem by addressing capital inefficiencies and fostering community engagement through innovative solutions that deliver tangible value. ### **Capital Inefficiencies within the NFT eco-system** Contrary to our more traditional DeFi counterparts within the crypto ecosystem the NFT space and NFTFi are lagging behind when it comes to capital efficiency. Users that use NFT products such as marketplaces lose valuable yield and DeFi opportunities by holding idle capital in order to buy, sell and trade NFTs. This leads to a loss of liquidity and overall participation with NFT products as users look for more favourable experiences in other DeFi sectors ### Increasing Efficiencies Through the use of LSTs and [auto LST deposits](/products/necropolis-marketplace/auto-lst-deposits), the [Necropolis Marketplace](/products/necropolis-marketplace) provides yield exposure to its users. Users are able to buy, sell, trade and bid on NFTs with LSTs, this approach allows the users to gain yield while participating in the NFT markets. ### Bolstering Sustainability Typically, marketplace fees, LST fees and other types of fees are extracted from the users and the ecosystem thus decreasing available liquidity and rewards. BackBone Labs' community-based approach changes this via the unique use of fee sharing with its users on almost every level. Necropolis fees are distributed to [$SOUL](/products/usdsoul) token stakers. This fee redistribution provides a unique store of value within the NFT ecosystem and keeps liquidity and capital flowing and rewards users for participation. The fee sharing also extends beyond the Necropolis Marketplace to the bASSET LSTs. The 10% performance fee taken by the [GraveDigger](/products/bbl-assets/gravedigger-lsts) is also shared with $SOUL stakers as well as NFT stakers and liquidity providers. This approach ensures sustainability and aligns incentives across the board for NFTFi participants. # Useful Links ### Products


GraveDigger	Liquid Staking	https://app.backbonelabs.io/gravedigger/dashboard	image (26).png
Necropolis	NFT Marketplace	https://app.backbonelabs.io/necropolis/collections	image (27).png
Necromancer	NFT Launchpad	https://app.backbonelabs.io/necromancer	image (28).png

### Socials


X (Twitter)		Screenshot 2024-05-02 at 18.35.03.png
Medium	https://medium.com/@backbone_labs	image (14).png
Telegram	https://t.me/backbonelabs_official	image (15).png
Discord	https://discord.gg/w92NfEDz33	image (16).png

### Stake with Us


Andromeda	image (18).png
Chihuahua	image (19).png	BackBone Labs
Mars	image (20).png	https://wallet.keplr.app/chains/mars-hub?modal=staking&chain=mars-1&validator_address=marsvaloper1h3cfsejafewmrwrudu0utj88szs4lnh4gayljv&step_id=2
Migaloo	image (22).png	https://docs.migaloo.zone/learn/tutorials/stake-assets
Osmosis	image (23).png	https://wallet.keplr.app/chains/osmosis?modal=staking&chain=osmosis-1&validator_address=osmovaloper1u2wsa88eh738mk35a3cncgu7lc6cqf74jdl50x&step_id=2
Terra	image (24).png	https://wallet.keplr.app/chains/terra?modal=staking&chain=phoenix-1&validator_address=terravaloper1vrkzjujfds9p8t5g0xety3e3ft4dep02etv9le&step_id=2
Stargaze	image (25).png	https://wallet.keplr.app/chains/stargaze?modal=staking&chain=stargaze-1&validator_address=starsvaloper1vpw942ek3ad8edrfyhyye6vd3zrwy88z3pwnuj&step_id=2

# Products # BBL Assets


GraveDigger LSTs	bASSET Liquid Staking Tokens	image.png
NFT Minting Tokens	Tokens used to Mint NFTs	image (1).png

# GraveDigger LSTs ### What is the GraveDigger? Simply put, the GraveDigger is a Multi-chain liquid staking platform. A liquid staking platform is a decentralised finance (DeFi) solution that enables users to stake their assets while still owning a liquid token they can use to buy, sell or use for other DeFi activities. For Cosmos chains staking involves delegating your assets to a Validator to secure the blockchain. Staking typically comes with an ubonding period which varies from chain to chain. With, traditional staking systems, these assets are not liquid and accessible, making liquid staking platforms a much-needed and welcome innovation within the crypto world. The GraveDigger allows users to stake their tokens and receive auto-compounding staking rewards while retaining the ability to trade or transfer their staked assets. This is achieved through the issuance of a token (bASSET) representing the staked assets, often referred to as a "liquid staked token" or "LST". These tokens can be freely traded, providing users with flexibility and liquidity. ### What Are bASSETs? In return for staking their tokens, users receive liquid staking tokens otherwise known as a bASSET (e.g. bWHALE) representing their staked assets. These LSTs are fungible tokens that can be freely traded or utilised within the DeFi ecosystem. As more staking rewards are earned and auto-compounded, the total value locked (TVL) in the staking pool increases. This growth in TVL positively impacts the value of the LSTs, as they represent a proportional share of the staking pool. This means that over time your bASSET grows in value compared to its underlying token. 1 bASSET can be redeemed for more than 1 of its underlying asset. ### GraveDigger Fees The GraveDigger does not have any deposit or withdrawal fees. Users are free to deposit and withdraw from the the GraveDigger for free, other than chain transaction fees which apply to every transaction on a blockchain. Each GraveDigger has a 10% performance fee. This fee is taken from the staking rewards collected by the staking pool and is not paid directly by any users. The performance fee is 100% distributed back to the community with the BackBone Labs team receiving 0% of the performance fee. The GraveDigger is uniquely designed to bring value back to the community. ### How are Validators Selected? Validators that are selected to be part of the GraveDigger are strategically selected. Validators are chosen on a variety of metrics from performance, community engagement and assessment of their overall contribution to the chain and other projects. {% hint style="info" %} If you are a validator and wish to collaborate and become part of the GraveDigger feel free to reach out on Discord or Telegram. {% endhint %} # bASSET info

Ticker	Native Denom (contract address)	IBC Denoms
bWHALE	factory/migaloo1mf6ptkssddfmxvhdx0ech0k03ktp6kf9yk59renau2gvht3nq2gqdhts4u/boneWhale	TERRA: ibc/517E13F14A1245D4DE8CF467ADD4DA0058974CDCC880FA6AE536DBCA1D16D84E
bOSMO	factory/osmo1s3l0lcqc7tu0vpj6wdjz9wqpxv8nk6eraevje4fuwkyjnwuy82qsx3lduv/boneOsmo	MIGALOO: ibc/EC48B819FC1D955ED1708A8E8E230B37217CC6D953448D3B4BCCF5B29BD1FCF9
bLUNA	terra17aj4ty4sz4yhgm08na8drc0v03v2jwr3waxcqrwhajj729zhl7zqnpc0ml	MIGALOO: ibc/40C29143BF4153B365089E40E437B7AA819672646C45BB0A5F1E10915A0B6708
bKUJI	factory/kujira15e8q5wzlk5k38gjxlhse3vu6vqnafysncx2ltexd6y9gx50vuj2qpt7dgv/boneKuji
bHUAHUA	chihuahua1jz5n4aynhpxx7clf2m8hrv9dp5nz83k67fgaxhy4p9dfwl6zssrq3ymr6w
bJUNO	juno1wwnhkagvcd3tjz6f8vsdsw5plqnw8qy2aj3rrhqr2axvktzv9q2qz8jxn3
bINJ	factory/inj1dxp690rd86xltejgfq2fa7f2nxtgmm5cer3hvu/bINJ
bARCH	archway12ejj99vkawuxfv0rg9l08hsun35juc6evprracmpe3mka3lsk5fqpjxhgl

# Minting Tokens A new era of NFT minting ### What is an NFT Minting Token? NFT minting tokens are the soul token used to mint an NFT collection. For example, to mint a MadScientist NFT a user must first acquire 10 $LAB tokens. Without the $LAB tokens a user is unable to mint any NFT from the collection. ### Deflationary Tokenomics Each time minting tokens are used to mint an NFT they are burned. This ensures the supply of the token is constantly deflated as more of the collection is minted. ### What is a Perpetual Mint? The concept of a perpetual mint is a new innovation within the NFT landscape. The perpetual mint is made possible by the "minting tokens" and their burning mechanism that occurs upon the minting of each NFT. For example the $SYN token has a max supply of 100,000 and the NFT supply is 10,000. With each NFT. costing 10 $SYN. For every NFT to be minted the entirety of the $SYN supply will have to be bought and then burnt. Given the fungibility of tokens if a single wallet has 0.000001 $SYN in their wallet then a max mint of the Galactic Syndicate is not possible. ### Why use a Perpetual Mint? This experimental way of launching an NFT opens up a new dynamic for NFTs and trading. Users that hold 10 "minting tokens" can mint an NFT at any time. In theory 10 "minting tokens" should trade at the same price as the floor price of the collection. Increased rewards for NFT stakers. As the collection will never mint out it means the GraveDigger revenue and any other revenue streams used by the collection will be distributed to fewer NFTs, increasing the reward per NFT staked. ### Tokenomics **Max Supply:** 100,000\ **Inflation:** 0%\ **Deflation:** Variable

Chain	Collection	Ticker	Denom
Osmosis	Mad Scientists	$LAB	factory/osmo17fel472lgzs87ekt9dvk0zqyh5gl80sqp4sk4n/LAB
Injective	Galactic Syndicate	$SYN	factory/inj1a6xdezq7a94qwamec6n6cnup02nvewvjtz6h6e/SYN

# GraveDigger NFT Communities Dive into the world of NFTFi and earn yield with GraveDigger Collections from across the Cosmos ### **Overview** GraveDigger Collections offer a unique opportunity to leverage the passionate and expansive interchain community built by BackBone Labs and the various teams that have already launched GraveDigger collections across the Cosmos ecosystem. ### **Yield-Bearing by Default** Each GraveDigger collection is inherently yield-bearing. Each GraveDigger collection is linked to a GraveDigger LST. GraveDigger collections earn yield-bearing bASSETs, maximizing capital efficiency. This setup ensures that NFT owners continuously benefit from the staking and liquidity provision associated with bASSETs. ### **Powered by Enterprise DAO** GraveDigger collections are powered by Enterprise DAO, a cutting-edge DAO tooling protocol. This integration allows NFT owners to participate in DAO governance and benefit from a seamless reward distribution mechanism. The decentralized nature of Enterprise DAO ensures that all NFT holders have a voice and can participate in the decision-making process. ### **Fair and Equitable Airdrops** Airdrops within the GraveDigger ecosystem are treated with fairness and equity. Regardless of the floor price, each NFT is valued equally. For instance, 1 NFT from one collection holds the same value as 1 NFT from any other collection when it comes to airdrops like $SOUL. This ensures a fair distribution of rewards across the entire GraveDigger NFT community, promoting inclusivity and equal opportunity for all participants. ### Benefits * **Community Engagement**: Join a vibrant interchain community with shared interests and goals. * **Financial Efficiency**: Maximize capital efficiency through yield-bearing assets. * **Decentralized Governance**: Participate in governance and enjoy seamless reward distribution. * **Equal Opportunity**: Benefit from fair and inclusive airdrop mechanisms. Launching a GraveDigger collection not only connects you with a robust and engaged community but also ensures sustainable financial rewards and inclusive participation. Embrace the future of NFTs with GraveDigger collections, where innovation, community, and fairness converge.


BadDogs vs ASH Bone	image (35).png	BadDogs vs ASH Bone
Galactic Syndicate	image (36).png	Galactic Syndicate
Kujirans	image (37).png	Kujirans
Mad Scientists	image (38).png	Mad Scientists
Migaloo Whales	image (40).png	Migaloo Whales
Skeleton Punks	image (41).png	Skeleton Punks

# Skeleton Punks You can't kill what is already dead!

### About Skeleton Punks The Skeleton Punks collection originally launched on Terra Classic before the USTC depeg. Since the Terra Classic collapse the collection and its community have migrated to Terra v2 where they become the first GraveDigger collection. ### How is Skeleton Punks Revenue generated? Skeleton Punks receive rewards from the LUNA GraveDigger. Stakers of 3 or more Skeleton Punks receive a weekly distribution of bLUNA collected by the GraveDiggers performance fee.


Trade Skeleton Punks		https://app.backbonelabs.io/necropolis/collections/terra1x7rf4nquswmmrjtzlxg6dk3d70ef69prth2q7vk3v9vdprepdh0sjxrvl7
Liquid Stake $LUNA		https://app.backbonelabs.io/gravedigger/phoenix-1
Stake Skeleton Punks NFTs		https://dao.enterprise.money/dao?address=terra1290d4q6av48d3r8y99s4d5fqr5k75hn7l7ytz27pu3fqvg3f4jhsqr9vju

# Migaloo Whales Dive in, the water is perfect

### About Migaloo Whales Migaloo Whales is the first collection ever to launch on the Migaloo chain. The Migaloo Whales are a collection of 4200 hand-drawn NFTs by [Ambedo\_Bass](https://twitter.com/Ambedo_Bass) in collaboration with BackBone Labs. ### How is Migaloo Whales Revenue generated? Migaloo Whales receive rewards from the WHALE GraveDigger. Stakers of 3 or more Migaloo WHALEs receive a weekly distribution of bWHALE collected by the GraveDiggers performance fee.


Trade Migaloo Whales		https://app.backbonelabs.io/necropolis/collections/migaloo1ns5zz5vh4esf3mjr7ha5xytugtd3k80jdzjmde6ew3py8qhf0fgskvvg0m
Liquid Stake $WHALE		https://app.backbonelabs.io/gravedigger/migaloo-1
Stake Migaloo Whale NFTs	comingSoon™

# Kujirans Beneath the warm waters of Kuji Island lives a hidden community of friendly sea creatures called KUJIRANS.

### About Kuijrans Kujirans, originally launched on Stargaze have since migrated to [Migaloo Zone](https://docs.migaloo.zone/) to become the GraveDigger collection for Kujira. Kujirans is a community-driven IBC NFT Project that offers participants the ability to invest in the project simply by minting and holding NFTs. It rewards holders at every level while still gifting half of its initial mint revenue and 100% of all ongoing royalties to all KUJI stakers. ### How is Kujiran Revenue generated? Revenue for Kujirans is Generated from the GraveDigger. Stakers of 3 or more Kujirans receive a weekly distribution of bKUJI collected by the GraveDiggers performance fee. {% hint style="info" %} Reward distrobution will start once the Kujira GraveDigger reaches enough deposits {% endhint %}


Trade Kujirans		https://app.backbonelabs.io/necropolis/collections/migaloo1xse9a632kr0g5vp7lkhkarye3egejrnekctfjypzddhwhe75xjlqu4g7xz
Liquid Stake $KUJI		https://app.backbonelabs.io/gravedigger/kaiyo-1
Stake Kujiran NFTs	comingSoon™

# Mad Scientists Everything is an Experiment

### About Mad Scientists The Mad Scientist (MS) collection is a unique collection and a first-of-a-kind in more than one way. Following the SAIL Program proposal allowing BackBone Labs to launch NFTs on Osmosis, the Mad Scientists is the first collection ever to launch on the Osmosis blockchain with the help of the Rekt Gang who took the lead on developing the collection alongside BackBone Labs.\ As well as being the first to launch on Osmosis the Mad Scientist collection also used a highly experimental and highly successful way of launching by using a token called $LAB that had price discovery via a [StreamSwap](https://app.streamswap.io/stream/OSMO/8) event. ### What is $LAB? LAB is a fair-launch token which is used to mint Mad Scientists. ### How is Mad Scientist Revenue generated? Revenue for Mad Scientists is Generated from the GraveDigger. Stakers of 2 or more Mad Scientists receive a weekly distribution of bOSMO collected by the GraveDiggers performance fee. ### **FAQ** #### **How many $LAB tokens does it take to mint a Mad Scientist NFT?**  It takes exactly 10 $LAB tokens to mint 1 Mad Scientist NFT.   #### **What if I don’t get 10 $LAB tokens to mint an NFT, what can I do with a smaller share of $LAB?** You can hold the $LAB, buy more or sell the tokens in a liquidity pool (LP). The value of $LAB will be closely correlated with the value of Mad Scientists NFTs.   #### **How to earn real yield?**  You will be able to stake 2 Mad Scientists NFTs to earn real yield in $bOSMO from our Liquid Staking Derivatives Platform called The Gravedigger. Many additional perks are expected for NFT holders. #### **What will happen with the $LAB tokens used to mint Mad Scientists NFTs?** They will be removed from circulation.   #### **"This is complicated, why not do a regular mint?"**  This allows for a fair launch to everyone, without using a time-consuming and usually unfair WL process or being at the mercy of bots during public mint.\\


Trade Mad Scientists		https://app.backbonelabs.io/necropolis/collections/osmo16pwjh09s662a0j2ssmzauyvkvagjwd9kpwc0mtamlwr8dtznlhfqcweap6
Liquid Stake $OSMO		https://app.backbonelabs.io/gravedigger/osmosis-1
Stake Mad Scientist NFTs	comingSoon™

# Galactic Syndicate comingSoon™


Trade Galactic Syndicate	comingSoon™
Liquid stake $INJ	comingSoon™
Stake Galactic Syndicate NFTs	comingSoon™

# BadDogs vs ASH Bone comingSoon™


Trade BadDogs vs ASH Bone	comingSoon™
Liquid Stake $HUAHUA	comingSoon™
Stake BadDogs vs ASH Bone NFTs	comingSoon™

# Necropolis Marketplace

## What is Necropolis? An NFT marketplace platform for buying, selling and trading NFTs (non-fungible tokens). The Necropolis marketplace operates on blockchain technology to verify asset ownership and transactions. NFTs are units of data (unique code) that provide a secure record of ownership on a blockchain infrastructure. ## Fueling Necropolis: bASSETs and the GraveDigger ### **The Role of bASSETs** Necropolis operates with the [GraveDiggers](/products/bbl-assets/gravedigger-lsts) bASSETs at its heart. By integrating bASSETs, Necropolis allows users to maximize their capital, earning yield while participating in NFT transactions. This dual functionality—trading NFTs and generating yield—sets Necropolis apart from traditional NFT marketplaces. ### **The Heart of Necropolis: The GraveDigger** At the core of Necropolis lies the GraveDigger, a crucial mechanism driving the marketplace's efficiency. The GraveDigger's ability to manage and optimize capital through LSTs enables explosive growth in the NFT market's capital efficiency. It acts as the lifeblood of Necropolis, ensuring the continuous flow and productive use of capital within the ecosystem. ## Marketplace of the Dead: Unique and Resilient ### **Diversification and Resilience** The GraveDigger, through its partnerships with multiple Layer 1 blockchains, introduces natural diversification. This strategy mitigates risks associated with single points of failure, ensuring that the marketplace and its community remain secure and stable even in volatile conditions. ### **Solving Real Problems** By launching and partnering with various L1 blockchains, the GraveDigger addresses real issues, enhancing the marketplace's functionality and user experience. This collaboration extends beyond mere transactions, solving critical inefficiencies in the NFT space and providing a safe, reliable platform for users. ## Community and Sustainability ### **Community-Driven Model** Necropolis emphasizes a community-driven approach, redistributing marketplace fees and rewards to [$SOUL](/products/usdsoul) token stakers. This model fosters a sense of ownership and engagement within the community, ensuring that benefits are shared equitably among participants. By involving the community in the ecosystem's growth, Necropolis cultivates a loyal and active user base. ### **Sustainable Growth** The fee-sharing mechanism extends to bASSET LSTs, with a portion of performance fees from the GraveDigger also distributed to $SOUL stakers and [GraveDigger NFT](/products/gravedigger-nft-communities) stakers. This approach ensures sustainability by continuously reinvesting in the ecosystem, promoting long-term growth and stability. ### Conclusion Necropolis is more than just an NFT marketplace; it's a revolutionary platform that integrates advanced blockchain technology with innovative financial mechanisms. By leveraging bASSETs and the GraveDigger, Necropolis enhances capital efficiency, ensures resilience through diversification, and fosters a community-driven, sustainable ecosystem. Join Necropolis to experience the future of NFT trading, where efficiency, security, and community engagement converge. # Counter Offers ### What are Counter Offers? Counter offers on an NFT marketplace refer to the negotiation process where a potential buyer responds to a seller's asking price or an existing offer with a different price. Unlike counter bidding, which involves outbidding in an auction-style setting, counter offers facilitate a more direct negotiation between buyer and seller to reach a mutually agreeable price. ### Why is it important? The counter offer process allows for flexibility in pricing and negotiation, enabling both buyers and sellers to arrive at a fair market value through direct interaction. This mechanism fosters a dynamic marketplace where the final sale price is determined through negotiation rather than a static price or competitive bidding. ### How does it work? 1. **NFT Listing**: NFT is listed for sale on Necropolis. 2. **Initial Offer**: A user makes an offer on an NFT listed for sale. 3. **Counter Offer**: The seller reviews the offer and, if not satisfied, responds with a different price. 4. **Negotiation**: This process can repeat, with the buyer and seller exchanging offers until both parties agree on a price. 5. **Agreement**: Once a mutual agreement is reached, the transaction is completed at the agreed-upon price. ### Key Points of Counter Offers: * **Flexibility**: Allows for direct negotiation, providing flexibility in reaching a deal. * **Fair Market Value**: Encourages a pricing strategy that reflects true market demand through negotiation. * **Dynamic Pricing**: Prices can adjust based on the negotiation process, rather than fixed or progressively higher bids. * **User Engagement**: Promotes active participation and interaction between buyers and sellers on the platform leading to greater market efficiency Counter offers are similar to traditional negotiation systems used in various markets, such as real estate and retail, adapted to the digital and decentralized nature of NFTs and blockchain technology. ### Positive Feedback Loops The counter offer feature can create positive feedback loops within the marketplace. When users engage in counter offers, the dynamic pricing and negotiation process can lead to increased transactions and market activity and overall market efficiency. This, in turn, benefits the overall ecosystem by enhancing liquidity and ensuring that prices reflect genuine market demand. Additionally, the use of marketplace-specific tokens or assets in the counter offer mechanism can contribute to the growth and sustainability of the platform by increasing transaction volumes and community engagement. # Auto LST Deposits ### What are Auto LST Deposits? The **Auto LST Deposit** feature at BackBone Labs is designed to enhance capital efficiency within the NFT ecosystem by leveraging Liquid Staking Tokens (LSTs). This innovative solution allows users to maximize their capital's potential even while engaging in activities such as bidding, purchasing, and trading NFTs. ### **How It Works** When users deposit coins into their accounts, the Auto LST Deposit feature automatically converts these coins into bASSETs. These LSTs represent staked assets that can be freely traded, providing liquidity and enabling users to earn yield on their deposits. This process ensures that users' capital is continuously working for them, even if it's reserved for specific NFT-related activities. ### **Benefits** 1. **Continuous Yield**: By automatically converting deposits into LSTs, users earn yield on their assets, ensuring no idle capital. This provides a more DeFi-like experience within the NFT marketplace. 2. **Liquidity**: LSTs can be traded freely, offering users flexibility and quick access to their capital when needed for bidding or purchasing NFTs. 3. **Enhanced User Experience**: The seamless integration of Auto LST Deposit eliminates the need for manual conversion, making it easier for users to participate in the NFT marketplace. 4. **Capital Efficiency**: Users can participate in bidding wars and strategic purchases while their capital earns interest, leading to better overall capital management. ### **Integration with Necropolis** Our auto LST feature embraces LST agnosticism, allowing users to deposit various types of LSTs, such as GraveDigger LSTs, ampTokens from Eris protocol, and stTokens from Stride. This integration simplifies the user experience by eliminating the need to manually switch between different LSTs. ### **Strategic Advantage** The Auto LST Deposit feature also plays a crucial role in the counter bidding functionality of Necropolis. Users can place competitive bids on NFTs while earning yields on their staked assets, providing a strategic advantage by keeping capital active and productive. # Necromancer Launchpad Launching NFTs with real utility #### What is the Necromancer? The Necromancer is an innovative NFT minting launchpad designed to simplify the creation and launch of NFT collections. It empowers creators, artists, and teams to transform their digital art into unique, collectible NFT tokens stored securely on the blockchain. #### Why Launch Your NFTs with the Necromancer Launchpad? **Streamlined Process** The Necromancer provides a streamlined, user-friendly process for NFT creation, from uploading and defining NFTs to setting dynamic prices and promoting launches. This convenience is particularly valuable for creators who may lack technical expertise or resources, allowing them to focus on their art while the platform handles the technical aspects, including minting and payment processing. **Utility and Real Deliverables** Unlike many NFT platforms, the Necromancer is committed to launching NFTs with utility. DeFi products require utility, and NFT projects should be no different. The platform focuses on real projects with tangible deliverables, ensuring that NFTs are not just digital artwork but also provide real value to the community. **Engaging Apex Communities** The Necromancer aims to lock in apex communities, connecting creators with passionate NFT and NFTFi enthusiasts. This not only enhances the visibility of NFT collections but also ensures a robust support system of engaged users who believe in the projects' utility and value. **Empowering Creators and Communities** The platform breathes life into amazing and unique projects, supporting founders and communities without the need to sell out to venture capitalists. This community-driven approach aligns with BackBone Labs' mission to empower everyday users and foster an ecosystem where creators can thrive independently. #### Benefits for Creators * **Monetization**: The Necromancer offers creators a convenient way to monetize their collections, reaching a broad and enthusiastic audience. * **Focus on Creativity**: By handling the complexities of minting and sales, the platform allows creators to dedicate their time and energy to what they do best—creating innovative and compelling NFTs. * **Community Support**: The Necromancer not only provides technical solutions but also cultivates a community that supports and values the creators' work, ensuring a more rewarding and engaging experience. #### Conclusion The Necromancer launchpad by BackBone Labs is set to revolutionize the NFT creation process by emphasizing utility, supporting real projects with tangible deliverables, and fostering strong community engagement. It offers a seamless, efficient, and supportive environment for creators to launch their NFT collections, ensuring that they can focus on innovation and creativity while the platform takes care of the technicalities and promotes sustainability within the NFT ecosystem. # The Crypt Democratising NFT communities through DAO creation. ### What is the Crypt? The Crypt is an NFT staking product powered by [Enterprise Dao](https://www.enterprise.money/). NFT staking allows holders to earn rewards on their assets without sacrificing ownership. Backbone Labs has chosen Enterprise DAO as their DAO tooling to ensure the platform's security, reliability, and scalability. With Enterprise's advanced technology, expertise and rapid development, users can trust that The Crypt is a secure and robust platform that can handle high traffic volumes and provide an exceptional user experience. NFT stakers can also create proposals and control the DAO treasury through governance. This can potentially be used to grow treasuries by employing DeFi strategies all governed in a decentralised manner by NFT stakers. ### Why is it important? The rise of NFTs has given birth to a new type of community-driven model which is gaining traction in the blockchain space. NFT communities are seen by many as a more effective alternative to the traditional governance token model, which has been the norm in the DeFi industry, until now. Founding DAOs using NFTs is a step towards unlocking the next stages of NFTfi. DAO tooling such as enterprise allows communities to take control of projects they love through decentralised DAO governance. One of the main reasons for this is that NFT communities allow for a more inclusive and engaged ecosystem. Unlike governance tokens, which typically only offer voting rights without anything else, NFT communities are more vibrant and bring excitement to the space. ### How does NFT staking work? NFT staking refers to the act of locking the NFT to a staking contract, in simple terms, users lock their NFT for a set amount of time. In return for staking users receive staking rewards and DAO governance rights (1 staked NFT = 1 vote). Users who don't stake their NFT, list it on a marketplace or have it sat idly in their wallet do not receive GraveDigger rewards (staking rewards) nor do they have any control over the DAO governance and direction in which they want the project to go. This ensures the most active and dedicated community members receive rewards for locking up their NFTs and participating in the DAO. # $SOUL $SOUL ComingSoon™ (Q3/Q4 2024) More often than not DeFi is a soulless endeavour. Funded by VCs and designed to drum up liquidity for them to empty their bags on retail. BackBone Labs is creating a paradigm shift to change this and put the community first. ## Why does $SOUL exist? Traditionally, liquidity has been under the control of a select group of people (VCs), with profits siphoned away from the community and funnelled into their own pockets. Meanwhile, outsiders, community members, and retail investors are scrambling at the behest of these VCs. We at BackBone Labs and our uniting community seek to rectify this by establishing self-sustaining systems and ensuring ongoing incentives for LST liquidity pairs providing users with a sustainable source of yield for their liquidity positions. This initiative integrates NFTs and innovative staking token mechanisms to foster sustainability and fairness. Unlike inflationary tokens, $SOUL is designed to be a reliable store of value. It maintains its worth over time and insures a diverse yield mechanism via the [GraveDiggers](/products/bbl-assets/gravedigger-lsts) across the Cosmos, ensuring that holders can trust in the long-term stability and viability of their investments. This non-inflationary nature makes $SOUL a cornerstone for sustainable economic growth within the ecosystem. $SOUL is more than just a token; it's a transformative force within the NFT and DeFi landscapes. By addressing liquidity issues, providing real yield, and fostering community engagement, $SOUL ensures a fairer, more sustainable, and more inclusive financial ecosystem. Join BackBone Labs in revolutionizing the way we interact with digital assets and creating a future where everyone can benefit from the growth and innovation in the NFT and DeFi spaces.\\

## Tokenomics * **Max Supply:** 10,000,000 * **Claim Drop:** 50% * **SOUL Foundation:** 15% * **Team Allocation:** 15% * **SAIL Chains:** 10% * **Liquidity:** 10% ## Value Accrual $SOUL token stakers will receive a portion of the revenue of all the liquid staking [GraveDiggers](https://app.backbonelabs.io/gravedigger/dashboard) that launch across Cosmos. Each GraveDigger revenue is divided into portions and split, with 100% of the revenue going back to the community. The revenue breakdown is as follows: **40%** - $SOUL tokens stakers\ 6**0%** - GraveDigger NFTs With the $SOUL token receiving 40% of the Revenue from each GraveDigger the rewards will be diversified across multiple Cosmos chains with no single point of failure. $SOUL stakers will have a continuous and sustainable yield. ## $SOUL token Litepaper Airdrop is also discussed in the Medium Article. {% embed url="" %} # The Mausoleum $SOUL Staking comingSoon™ # Legal Notice This document outlines the present and future developments of Backbone Labs products. This document is accessible solely for informational purposes and does not represent any commitment to future action. The information contained within this document has not been endorsed by any regulatory authority and may be altered, updated, or otherwise revised at any time without prior notice. This document is not a prospectus or offer document of any kind and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. The content contained in this document should not be interpreted as professional financial, tax, legal, or business advice, nor as a provision for any type of advice. Users should consult their own professional advisors before making any decisions based on the information provided in this document. Backbone Labs makes no warranties or representations as to the accuracy, reliability, or completeness of any information contained in this document. All statements, opinions, and forecasts expressed in this document are subject to change without notice. Backbone Labs and its affiliates, directors, officers, employees, and agents disclaim all liability for any loss or damage of any kind (whether foreseeable or not) that may arise from any person acting on any information or opinions relating to Backbone Labs products contained in or derived from this document. This document may contain forward-looking statements, including, but not limited to, statements regarding the future development of Backbone Labs products. These statements are based on current expectations and beliefs of Backbone Labs and are subject to numerous risks and uncertainties that could cause actual results to differ materially from the expectations described in the forward-looking statements. Factors that may cause such differences include, but are not limited to, regulatory changes, technological advancements, market conditions, and other risks associated with the development and implementation of new products and services. By accessing, reading, or using the information contained in this document, you agree that you will not hold Backbone Labs or any of its affiliates, directors, officers, employees, or agents liable for any loss or damage of any kind (whether foreseeable or not) that may arise from the use of, or reliance on, the information contained in this document, whether or not the information is provided by Backbone Labs or any third party. Any reference to specific products, companies, or services does not constitute or imply endorsement, recommendation, or favoring by Backbone Labs. Trademarks, logos, and other intellectual property rights mentioned in this document belong to their respective owners. In summary, this document serves as an informational resource regarding Backbone Labs products and their development. It is not an official statement of future intent or a solicitation for investment. Readers are advised to consult with professional advisors and conduct their own due diligence before making any decisions based on the information provided in this document. # Partnerships We are proud to be associated with these esteemed organizations and look forward to continuing our successful partnership for years to come. Our partners are a vital part of our success. We carefully select and curate a diverse group of DAOs, Organisations and community leaders that share our vision and passion for the Web3 space. Together, we strive to make a positive impact in our industry and the communities within it. We work closely with our partners to create innovative solutions, share resources, and expand our reach. These collaborative efforts build strong foundations allowing for community and passion to thrive. ## Our Partners


WhiteWhale	Migaloo Zone and WhiteWhale core developers	image.png	https://whitewhale.money/
TFL	Core developers of the Terra Blockchain	01_Terra_color.png	https://www.terra.money/
NFT Switch	Community Validator & P2P NFT OTC Platform	image (1).png	https://dapp.nftswitch.xyz/
Whaley DAO	Migaloo validator providing education and analytics to the community	New logo.png	https://whaleydao.gitbook.io/validator
PFC	Industry leader in the web3 space	image (2).png	https://pfc.zone/
Gidorah	Web3 Syndicate and Staking Infrastructure	image (3).png	https://www.gidorah.xyz/
Orbital Command	Community focused validator	image (4).png	https://www.orbitalcommand.io/
Hermes Protocol	Connecting everything and everyone in Web3	image (5).png	https://hermesprotocol.io/
Solid	Decentralised CDP ($SOLID) on Terra, governed in a decentralised fashion.	image (7).png	BackBone Labs
TerraSpaces	Archiving X (Twitter) spaces across Cosmos	image (8).png	BackBone Labs
Chihuahua	Layer one Cosmos SDK blockchain	image (9).png	BackBone Labs
Become a Partner	Reach out to us and join our growing list of partners.	image (10).png	https://discord.com/invite/w92NfEDz33

# Media Kit BackBone Labs logos

# Audits


GraveDigger	SCV	https://github.com/SCV-Security/PublicReports/blob/main/St4k3h0us3/St4k3h0us3%20-%20Steak%20Contracts%20Audit%20Review%20-%20%20v1.0.pdf
NFTSwitch	SCV	https://github.com/SCV-Security/PublicReports/tree/main/NFTswitch
Necropolis Marketplace		https://github.com/SCV-Security/PublicReports/blob/c52bbaa7ed4ca246939a2e9ff60860513765a210/BackBone%20Labs%2FBackBone%20Labs%20-%20Necropolis%20Contracts%20-%20Audit%20Report%201.0.pdf

# Risks The following risk disclosure highlights some of the potential risks associated with the use of Backbone Labs products and services. This is not an exhaustive list, and it is important for users to carefully consider all potential risks before using any Backbone Labs products or services. By using any Backbone Labs products or services, you acknowledge and accept the potential risks outlined below. ### Technical Risks The use of Backbone Labs products and services may involve various technical risks, including but not limited to, software bugs, security vulnerabilities, and compatibility issues with other hardware or software. Although Backbone Labs strives to provide secure and reliable products, there is always the possibility of unforeseen technical issues. ### Regulatory Risks Regulations and laws concerning the use of Backbone Labs products and services may change over time, which could have an impact on the availability, functionality, or legality of certain products or services in specific jurisdictions. Users are responsible for ensuring compliance with all applicable laws and regulations in their respective jurisdictions. ### Market Risks The value of any assets or investments associated with Backbone Labs products and services may be subject to fluctuations due to market conditions, economic factors, or other external events. These fluctuations could potentially result in financial losses for users. ### Third-Party Risks Backbone Labs products and services may rely on or interact with third-party systems, platforms, or services. The performance, stability, and security of these third-party systems could impact the functionality and reliability of Backbone Labs products and services. Backbone Labs cannot guarantee the continued availability or performance of any third-party systems. ### Operational Risks The operation of Backbone Labs products and services may be subject to interruptions, delays, or other disruptions due to various factors, including human error, system failures, or external events. These disruptions could impact the availability and functionality of Backbone Labs products and services and may result in potential losses for users. ### Data Security and Privacy Risks While Backbone Labs endeavors to protect user data and maintain privacy, there is always a risk of unauthorized access, data breaches, or other security incidents that could compromise the confidentiality, integrity, or availability of user data. ### Intellectual Property Risks The use of Backbone Labs products and services may involve intellectual property risks, including potential infringement claims or disputes with third parties. Users should ensure they have the necessary rights and permissions to use any intellectual property associated with Backbone Labs products and services. By using Backbone Labs products and services, users acknowledge and accept these risks and agree to hold Backbone Labs and its affiliates, directors, officers, employees, and agents harmless from any claims, damages, losses, or liabilities that may arise from the use of Backbone Labs products and services. Users are encouraged to consult with professional advisors and conduct their own due diligence to fully understand and mitigate potential risks associated with the use of Backbone Labs products and services.