Toolbox: Cryptocurrency Ecosystem for DIY Community
Ethereum
Blockchain
DEX
DeFi apps
Tokens
After successfully nurturing a vibrant DIY community on YouTube for a decade, Toolbox decided to introduce the benefits of crypto to its members:
As the ‘21 bull market began slowing down, Toolbox’s founder Michael Borders took it by the horns to bolster its community with the power of defi crypto.
decentralization
anonymity
wild economic energy
Total Cost: 1,200 hours Length: 1 year Type: Prototype, Design, Development, Strategy
Quick Wins for Toolbox:
3 crypto tokens launched
with unique tokenomics
+60K subs
on the YouTube channel
Staking, DAO governance,
and dedicated DIY crypto
Toolbox: Cryptocurrency Ecosystem for DIY Community
Crypto Building Blocks
We launched 3 unique crypto tokens on the Ethereum blockchain to help the DIY community thrive:
$DIY token — the primary token of the system
$RATCHET token — premier token offering bonuses to DYI holders
$SOCKET token — governing token for DAO
We also built a decentralized web 3.0 app to allow DIY enthusiasts to take full advantage of each token, such as member voting (DAO) and staking tokens for passive income.
DIY-Centered Tokenomics
Toolbox's visionary concept incorporates a distinctive tokenomics structure where all three tokens synergistically interact and amplify their economic effectiveness.
Incentivizes holding and staking
Includes a community charity wallet
Offers voting rights to choose a charity to support
Has a token burn function for RATCHET to manage supply
By closely collaborating with Toolbox, we made certain that the ecosystem emerged as highly comprehensive and transparent:
Straightforward token pre-sale
Airdrops of additional tokens
Fair token vesting schedule
Locked-in liquidity pool at UniSwap
Depending on which tokens they hold, DIY investors can get access to premium content and future deals with merchant partners.
Agile Crypto Development
The agile approach has empowered us to swiftly navigate through multiple iterations, seamlessly piecing together seemingly simple features that collectively form the finely-tuned mechanism of the Toolbox crypto ecosystem.
MetaMask and WalletConnect integration
Listing of the DIY token on UniSwap
Presale smart contract, token claiming
We opted for a Snapshot DAO utility to move faster with implementing voting rights for DIY community members.
Marketing crypto wallet
“The collaboration proved to be an exhilarating journey for both parties. Topflight assembled a team of professionals who were well-versed in the nuances of the cryptocurrency industry. Their shared passion for the project combined with their comprehensive industry knowledge ensured that they were fully aligned with Toolbox's vision.”
Michael Borders,
founder and CEO of Toolbox
Tech stack
CSS
JavaScript
HTML
Solidity
NodeJS
Setup for the Next Bull Run
When the next crypto cycle starts, Toolbox community members will be armed with cutting-edge crypto tools to seize the opportunity and reinforce its community:
Deals from DIY merchants
Voting on charities to support
Passive income through staking
Access to premium content
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