HGraph Punks Whitepaper V1.1

6 min readNov 10, 2021

Nov 11th, 2021

Intro

We are excited to update our community about the progress we’ve made over the last two months.

This paper introduces Turtle Moon LLC and how we plan to help grow the Hedera NFT community. Turtle Moon is the company behind the HGraph Punks NFT collection and the creators of Turtle Moon Tools, a Hedera NFT toolset.

Major Updates
Missions
Tokenomics
Minting / NFT Staking
Community Events

TL;DR

Major Updates:

1% of all income will be given to charity. HGraph Punk holders will vote to select the charity we give to each time a donation is made.
We will be launching on P̶l̶u̶r̶a̶l̶N̶F̶T̶ Turtle Moon Launchpad.
HGraph Punk Coin (HPC) will now be Turtle Moon Coin (TMC). Exact distribution details are being finalized to comply with US laws.
We have aspirations to create a digital bar experience called “The H”. It would only be accessible through holding a HGraph Punk, Glitch Punk, or Coin Eyes Punk.
Turtle Moon Tools — our NFT tools for creators will be open sourced to the community for free.

There are some legal clarifications that we must state to make sure we are compliant with defined U.S. security laws.

HGraph Punks are digital art only.

All utility defined in this Whitepaper is not guaranteed to HGraph Punk holders. The value of HGraph Punk NFTs should only be based on their digital art value.

Missions

We have two main missions to accomplish with our team. They’ll be broken down below from the HGraph Punks perspective and the Turtle Moon perspective.

HGraph Punks Mission

Create a large scale NFT collection with the best user experience imaginable that demonstrates why Hedera is the best network for NFTs.

We set out to create new punk designs and themes, a new system of organizing NFT releases, our own currency, NFT staking, and a community interaction platform. The messaging and details of execution are changing to make sure we are legally compliant with US laws.

Turtle Moon’s Mission

Build tools and resources needed to create a large scale NFT collection on Hedera and open source them to the community to expedite the adoption of Hedera for NFT creation.

We strive to build an expansive open sourced toolset for NFT projects launching on Hedera and a centralized information source for the community. These tools and resources will utilize the vast capability of Hedera. We will be creating NFT projects to inform and build out functionality in these tools.

Tokenomics

Our initial plan was to create an HGraph Punk Coin. We have adapted that to create a Turtle Moon Coin (TMC). This token will be used inside of any metaverse that Turtle Moon may create in the future and will be the reward token for staking and any P2E (play to earn) experiences Turtle Moon may create.

We have learned more about US laws since our first Whitepaper and need to clarify some things about our token. There is no guarantee or expectation of any value for Turtle Moon Coin (TMC). Any future utility is not guaranteed and should not impact the perceived value of this token.

We are still deciding internally how to best distribute these to be legally compliant. We are using our previous Whitepaper details as a guideline. We will update the exact methods of distribution and quantity in our next Whitepaper update.

Minting

We will be launching our HGraph Punks exclusively on Turtle Moon Launchpad.

We adapted our plans to launch our own full scale marketplace. In our initial Whitepaper, we had no knowledge of a secondary market being created and knew it was required to make Hedera the NFT platform of the future. Further details on how to mint will be released along with the exact launch date.

Rarity Calculator

We have started to create a calculator to see the rarity of your punk after minting. Engineering timelines have shifted and we do not believe this will be fully available on our first launch, but we are pushing to get it out before Set 2 is released. No funds from HGraph Punk sales will go towards this development.

NFT Staking

After HGraph Punk minting is underway, the Turtle Moon team will engineer a solution for NFT staking. We plan to create the underlying protocols and smart contracts to make that possible. After NFT staking protocols are complete and working properly, we will open-source that code for other Hedera NFT projects to use for free.

The staking rewards will be paid out in TMC. When your NFT is staked, it will not be able to be sold. We plan to release staking pool details in Q1 2022. No funds from HGraph Punk sales will go towards this development.

Community Experiences

As we have grown our community over the last two months, we’ve researched extensively on how to best execute creating immersive experiences for our holders. Below is the functionality we have aspirations to create.

Punks for Good

1% of all HGraph Punk income will be donated to charity. HGraph Punk holders will vote to select the charity we give to each time a donation is made. Turtle Moon will ensure all money goes to well-established reputable charities. Punks aim to give back and make a difference!

HGraph Punk holders will be able to enter an exclusive communication channel. This will require an HGraph Punk, Glitch Punk, or Coin Eyes Punk to be present in that holders wallet to verify their access.

Digitally hang out at “The H” Bar

We have aspirations to create a digital bar experience called The H. It would only be accessible through holding a HGraph Punk, Glitch Punk, or Coin Eyes Punk. The H would be the home to interactive community events, games, and more. Details will be released in future Whitepaper updates.

Coin Eyes Punks: VIP

We plan to create a VIP g̶r̶e̶e̶n̶r̶o̶o̶m̶ section of The H where enhanced functionality and experiences are available to users holding a Coin Eyes Punk in their wallet.

There are some legal clarifications that we must state to make sure we are compliant with defined U.S. security laws.

HGraph Punks are considered digital art only.

All utility defined in this Whitepaper is not guaranteed to HGraph Punk holders. The value of HGraph Punk NFTs should only be based on their digital art value.

No funds gained by Turtle Moon from the sale of HGraph Punks will be used to create future utility for these experiences.

Disclaimer

1. HGRAPH PUNKS PROVIDES THE CONTENT IN THIS WHITE PAPER ON AN “AS IS” BASIS. WE EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND RELATING TO THE WHITE PAPER, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY, TITLE, FITNESS FOR A PARTICULAR PURPOSE.

2. This White Paper contains estimates and forward-looking statements. All statements other than statements of historical fact are forward-looking statements. In particular, the words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” and similar words are intended to identify estimates and forward-looking statements. All forward-looking statements, including the intended actions and performance objectives of HGraph Punks, are estimates based largely on current expectations and projections about future events and trends.

All forward-looking statements in this Whitepaper speak only as of the date of publication of this Whitepaper.

HGraph Punks expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectation with regard thereto
or any change in events, conditions, or circumstances on which any such statement is based.