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SMELL MAFIA

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  • You may lack a well-crafted project whitepaper, or the existing one may be of poor quality.

Their official site text

SMELL MAFIA

White Paper ver 0.6

Original and Purpose of this Document

Original

This book's original is in English, and the Japanese translation is only a reference material translated by an external volunteer translation team to assist understanding. In the case of a deviation in meaning between the English version and the Japanese translation, the meaning of the English version shall take precedence.

Purpose of this Document

This book was created for the sole purpose of providing information and does not guarantee the accuracy or completeness of the information contained within. Furthermore, this book is not to be interpreted as an inducement to buy or sell securities, an investment solicitation, or an investment advice in any jurisdiction.

Additionally, this White Paper (hereinafter referred to as "this book") is not approved or examined by any regulatory authorities, and the public release and distribution of this book does not imply compliance with relevant laws and regulations.

Those who wish to participate in the SMELL MAFIA project or make donations as described in this book are strongly recommended to seek the advice of experts after fully understanding the content of this book before taking any action.

1. Introduction

SMELL MAFIA, the world's first platform for selling NFTs of smells.

SMELL MAFIA specializes in digitalizing smells and aromas, and managing and circulating digital items.

It is said that memories evoked by the sense of smell elicit more emotional reactions than those stimulated by other senses. Aromas and marketing techniques that are tailored to the purpose are being introduced all over the world. In addition, various hardware manufacturers are deploying IoT and AI-equipped digital devices that can control smells, but those smells (components) are limited to their own technology and there is no unified smell data or standard worldwide.

SMELL MAFIA will digitally format smells and aromas in a universal data format and sell them as smell NFTs, which can prove ownership of digital data. Companies and individuals who purchase smell NFTs can reproduce the same smell at any time using a dedicated diffuser. We will cooperate with manufacturers around the world to develop digital smell devices in the future, and aim to be the smell version of iTunes that sells smell data.

In order to protect the rights of copyright holders, SMELL MAFIA will introduce blockchain and non-fungible tokens (NFTs). When companies in the interior industry that develop smells and aromas in the real world expand into the virtual world, this innovative technology will protect the copyright of creators and buyers.

The SMELL MAFIA platform is developed as a platform based on its own blockchain, with NFT markets and a DAO mechanism that forms a decentralized autonomous organization using the technical elements of WEB3.0. By issuing our own cryptocurrency (unnamed, hereafter referred to as "Our token" or "***") circulating on this platform, we will develop the infrastructure for two new assets, NFTs and cryptocurrencies. Users can purchase and resell scent NFTs on the marketplace, and purchased NFTs can be freely reproduced using a diffuser. Additionally, certain Our token holders can participate in the SMELL MAFIA community and are given the authority to collect and register scent data and approve the blockchain. Community participants are rewarded with Our tokens for activities on the platform. When registered scent data is purchased, purchase fees and copyright fees are paid. The world of Smell To Earn can be realized on the SMELL MAFIA platform.

2. SMELL MAFIA project

Achieving code management by quantifying smells

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