> For the complete documentation index, see [llms.txt](https://eggverse.gitbook.io/eggt-documents-1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://eggverse.gitbook.io/eggt-documents-1/about-eggt/01.-abstract.md).

# 01. Abstract

In this white paper, a novel governance token with multiple and anonymous voting functions has been proposed  for the implementation of the governance aggregation ecosystem. EGGT (egg n partners token) was also issued by using an ERC20 token based on Ethereum and polygons. In order to establish the initial governance aggregation ecosystem of EGGT, NFT-compatible re-trade NFT O2O metaverse web3.0 platform using multi smart contract (MSC) and standardless system as a business model (BM) was proposed. EGGVERSE ([https://www.eggverse.io](https://www.eggverse.io/)/), which is a partial universal standard NFT-compatible re-trade marketplace with a multi-chain structure was also developed and commercialized on its own.

 In order to cast voting rights on a large number of governances simultaneously with existing governance tokens, all tokens for participating in each voting event must be owned. However, in the case of using the proposed multiple voting function, it is able to vote each and every governance event at the same time through only one token. In other words, through the multiple voting function of the proposed EGGT, EGGT holders can exercise voting rights as much as the EGGT they own in all voting events of the governance and category they want to participate in without exhausting EGGT due to voting. The same number of EGGT votes as in the case of a single voting event can be expected without EGGT being distributed due to voting events for different categories within the platform or voting events of different governance. In addition, an anonymous voting function was proposed to fundimantally block an invasion of privacy by tracking  the contract distribution history records, stored assets and NFTs, etc. By using this proposed function, the participant's cryptocurrency wallet address can be hidden while leaving a voting record on the blockchain. This function allows that voting events can be guaranteed the fair and free atmosphere without the risk of interfering with free expression of opinions. An EGGT governance app was proposed and an alpha version was developed for the holders’ to easily access governance voting registration and participation in voting.

On the other hand, the NFT marketplace ‘EGGVERSE’ as the initial ecosystem BM of EGGT proposed NFT ‘standard-less’ technology that would allow to transcend existing NFT universal standards for the implement NFT-compatible re-trade (NCR) process.

As a preliminary step for the development of a proposed ‘standard-less’ technology to implement a system that can be traded in response to dozens of existing NFT standards (such as ERC721 and ERC1155 and all constantly newly released NFT standards), even if it is not registered or not issued by EGGVERSE, a partial universal standard platform has been built to enable transactions with NFTs of early standards such as ERC721, KIP17, and Cryptopunk. Currently, EGGVERSE supports not only the Opensea’s NFTs, but also linked with Klipdrops’s NFT in Korea by using NFT-compatible re-trade. from the beginning state of the exchange market operation, since most of the NFTs registered in OpenSea and Klips can be traded, EGGVERSE could potentially occupy over 40% of tradable NFTs in the world, and it is advantageous to maximize the scalability of users inflow.

 As the leading step for the implementation of the proposed NFT-compatible-re-trade and MSC (Multi-Smart-Contract) technology that enables NFT trade through users desired cryptocurrency regardless of the NFT mainnet type, the commercialized EGGVERSE supports to trade NFTs based on ethereum, polygon and klaytn. In the future, multi-chain technology will be expanded to Solana, Flow, BSC (Binance Smart Chain), EOS, and Waves and more.

Another feature of the proposed EGGVERSE is the O2O smart contract technology in which registration information written for P2P transactions is NFTized. It is also able to handle NFT trade including real goods on the developed EGGVERSE platform, unlike other NFT platforms, since an escrow smart contract was developed so that payment is made after the purchased product is delivered. EGGVERSE is the first in the world to support a trust-less method of secure transaction for real goods, in which the seller gets paid for the product only when the buyer confirms the purchase through actual product confirmation. To support the creation of minting events for NFT collections, which can be seen as a kind of B2C (Business to customer) concept, EGGVERSE has a launchpad function. Users could apply their collection to EGGVERSE launchpad without any coding. By applying a form of specific information on desired features and collections through the EGGVERSE launchpad, the contents will automatically commit to EGGVERSE's github and add to EGGVERSE's requested NFT minting list. In the future, whether or not to create and register NFT minting events for committed applications will be determined through the community DAO (Decentralized Autonomous Organization) using the EGGT governance app.

 the developed EGGVERSE will contain various types of systems and services in its ecosystem.

EGGTdrop - A delivery system for linking transactions concluded on the blockchain with traded goods.

EGGTfi - Decentralized financial system for EGGT economic liquidity.

EGGTware - Developers’ supports.

EGGt friends - Partnerships 

EGGTcourt - DAO for governance vote and NFT project selection

To concentrate NFT trade from other platform on EGGVERSE through NFT compatible re-trade technology considered as main function of EGGVERSE, the token economics structure of SNS to earn X Trade to earn (S2EXT2E) was proposed and further more we are planning to build the web3 ecosystem through the EGGT’s gas which is the usage fee of standard-less contract and the O2O trust-less real transaction contract.

 Through EGGT's token economics, EGGTfi participants, EGGVERSE member NFT holders, EGGLORD NFT holders, Creator NFT holders, and moder NFT holders are granted the shared utility of EGGT with other cryptocurrencies. EGGVERSE proceeds with EGGVERSE communityship, EGGLORD NFT minting and incineration, considering the number of EGGVERSE users and the market environment, for realistic implementation of Web3 and DAO. Currently, about 30 EGGLORD NFTs are minted.

In summary, the proposed governance aggregation ecosystem of EGGT not only provides the multi-voting function that allows voters to exercise as much voting rights as the EGGT they hold for each voting event even if voting events occur simultaneously in all existing governances, but also the anonymous voting function which guarantees voting events in a fair and free atmosphere without the risk of obstructing free expression of opinions. Due to the BM structure with high governance activity of the commercialized EGGVERSE, the establishment of the initial EGGT ecosystem can be maximized. In addition, through EGGVERSE's launch pad, it is possible to expect the inflow of governance other than EGGVERSE into the EGGT ecosystem. The distributed EGGT will use as fee and payment token for EGGVERSE's NFT-compatible re-trade and real-world link technology, additionally serve as a governance token as well as an ecosystem token for EGGVERSE's economy.

For smooth linkage with traditional industries, a roadmap strategy to achieve commercialization of EGGVERSE platform development first and proceed with token business later has been proposed. In fact, it signed MOUs with KOSDAQ listed companies such as Lotte Home Shopping Co., Ltd. and Danal Co., Ltd., and attracted strategic investment from Danal and Danal Entertainment.