The Ramen Manifesto
The official whitepaper for the Decentralized Autonomous Organization that owns and controls the first ever Web 3.0 Ramen chain of Shops - Tabe tabe Original Ramen House.
Any vibrant restaurant needs one thing and one thing only: a vibrant community.
NFTs allow for both creating an exchangeable token that represents a valuable good - in this case, a restaurant business - and to help build a community around a project by giving each participant a unique character (or set of characters) that they can identify with.
These characters can be made using procedural art as shown below.
4,200 tokens represent the whole of the business and help create community by giving each participant a unique character to identify with.
By doing this, we enable anyone to invest in the food and restaurant industry with very little initial investment. By generating a community the business itself also grows as it gains more traction and attention that ultimately results in higher revenues. Tokens can be sold with a low entry price point, thus increasing transaction volume and promoting inclusiveness.
Compared to other NFT projects whose funding and income only comes from the sale of tokens, our project actually represents a functioning and successful food business with over $100,000 USD annual revenues. The following chart shows sales growth history since opening the first location in 2019.
Sales per month in USD since opening in June 2019.
Using the average of sales in 2021 as a reference, we can provide a sales breakdown by category.
Sales breakdown by category. Main dishes account for over 60% of the sales, while other products represent the remaining sales percentage.
Here are some quick numbers:
- Two locations in San Luis Potosi, Mexico.
- 10,000+ Ramen Bowls served in 2021 alone.
- Over $100,000 USD in annual recurring revenues.
- 42% EBITDA in 2021.
- Year on year growth since opening.
Managing a business is hard.
Managing a business and dealing with one or two business associates or partners is very hard.
Managing a business owned and controlled by thousands of individuals is, to many individuals, unfathomable.
But a decentralized organizational structure - or in other words, a governing system in which senior management has shifted the authority for some types of decision making to lower levels in the organization - is ideal to control a business where the large majority of participants are small shareholders.
A decentralized autonomous organizational structure can provide a system that gives minority shareholders participating authority.
When the business is controlled and owned by the DAO, it will be in every participant's interest to make the business grow and prosper. To this end, from the thousand of individuals conforming the DAO, many will come forward along the way and offer support, networking and market access to a much larger extent than just a few individuals conforming a traditional business ever could.