[Whitepaper] Erawan- A roadmap to Decentralized Religion

Executive Summary

8 min readDec 30, 2021

This whitepaper introduces how Erawan Coin (ERAWAN) (Thai: เอราวัณ) plays the 1st milestone for Decentralized Religions. Not only does it provide a token for virtual worshipping but also connects Metaverse Religious life. With visions of bringing religious elements on the future of life (i.e., metaverse), our product roadmap indicates i) Partnership/sourcing of maintenance fee with Erawan Shrine ii) Expansion to NFT marketplace (e.g. phrakhrueang) iii) Decentralized Religious Autonomous Organization (DRAO) for resolving long-standing non-transparent fund usage for religious bodies.

This ultimately achieves the state of freedom and transparency of religion with endowment of Economic value of worshipping/fellowship.

Current Crypto, Metaverse and Religious Landscape

Meme Coin as a trend

The craze for Meme coin in year 2021 has drawn the attention from Crypto enthusiast. Elon Musk’s remarks regarding Doge fueled the whole trend. As soon as Tiktok and celebrities started using it, the meme currency became an overnight sensation. However, a 8,000% price increase in Doge, along with 10,000k % in Shiba Inu, doesn’t diminish the fact of its lacking of real world uses, despite a shibaswap was established for deFi nature later on. In short, the meme coin trend is assimilated to a religious fanatic. Our team believe that the same concept should be used in tokenizing Sacred beings rather than Pets; hence the disciples/followers shall custody the token on their ledger to represent the faith and loyalty toward their Gods.

Metaverse Landscape

With Facebook name changed to “Meta”, the term metaverse is printed on our daily Glossaries. Whilst the definition of Metaverse was never clearly known to anyone, the crypto space predicts that there are sweeping changes on the way we work, gaming, virtual gatherings, content publishing. The land NFTs sale from Sandbox to New World’s scion in Hong Kong proved the interest from mega business conglomerates. Our team believe that a virtual temple/church is required to cater for religious bodies to perform various rituals.

Issues un-resolved from traditional Religion

For clarity purpose, the note made here is not for Erawan or any associated Thai Religion but more on a general observation of traditional religion. Indeed there’s Nil negative news from the religion of Erawan regarding to the fund misappropriation or governance structure.

Dis-connected during Pandemic

Due to 2019 COVID pandemic, majority of religious gathering turned to virtual mode via Zoom. However, this lack of connectivity with fellows and the sacred could be addressed by metaverse, which promotes virtual interaction and content publishing.

Misappropriation of Funds (or embezzlement) from the Organizations

In 2003, City Harvest Church founder Kong Hee was found guilty of misappropriating some S$50 million of church funds with the help of five key church leaders. Approximately S$24 million was invested in sham bonds to bankroll the pop-music career of his wife, Ho Yeow Sun. It is not difficult to find similar cases worldwide and as a result the authority or integrity of a faith becomes deteriorated.

With the Blockchain and “Erawan” Coin (or any other religious token), the spending or purpose of the fund is maintained on a public ledger with immutability. Any native scan of the chain provides transparency to those who fund the operation for the organizations.

Unclear & Unfair Governance Structure

“May all sentient beings abandon their love and live as equals as the monk, it is boundless sacrifice.”

Akin to a corporate culture, most religious parties consist a leader, running committee, team leads, teams and new joiners. The usual workflow or decision mechanism lie within a minority group of senior stakeholders (i.e. running committee) while funding was collected from bottom to the top. The representation of religious leader to the faith itself is always questionable. For instance, The Eastern Orthodox Church is opposed to the Roman Catholic doctrine of papal supremacy. While not denying that some form of primacy could exist for the Bishop of Rome, E. Orthodox Christians argue that the tradition of Rome’s primacy in the early Church was not equivalent to the current doctrine of supremacy.

Here comes with 2 questions. 1) Whether a religious leader is genuinely required for a well-functioning religious unit or, in the fashion of decentralized world, can the rights be endowed to the regular participants? 2) The voting is currently limited to senior stakeholders. Should loyal followers be assigned with more credibility in their votes?

We, as a human, could never provide a satisfactory answer to the questions above. However, with Decentralized Religious Autonomous Organization (DRAO) nature, the decision making could be again returned to the tokens. Hence, every holders of the coin could help re-shape a more robust and healthier religious environment.

Our Vision and Product Roadmap

There are 4 visions from our team via launching “Erawan” coin and subsequent sprint rollouts.

Blend in cultural-religious elements in the metaverse
Endowing Economic Values to Religious activities
Re-shape governance structure to allow equitable voting rights
Allows followers’ monitoring of the overall development of the religious bodies

Our team upholds the value of transparency to the investors and shareholders, as we believe that straight and upfront communication is the key to a healthy crypto investment. Here are 3 key messages we would like to deliver along with the product roadmap tables below.

1) The ICO aims to source funding from the market participants which could share our vision for a more Equitable Religious ecosystem. Our initial target sets at Market Capitalization USD $1mil before seeking the strategic alliance. If this cannot be attained, our team would have no choice but to refine our plan.

2) The religious committee’s engagement is crucial to the plan at least in an immediate short term since we would like to enhance entire ecosystem: both on-chain and off-chain. This could only be obtained via constant education and active collaboration. For example, once Market Capitalization USD $1mil target obtained, our team would donate 5% of which to support Maintenance Fee from Erawan Shrine. (See Tokenomics) Our team would fine-tune the project direction along the way while not compromising our product vision.

3) Erawan Token ICO is merely the first step into Decentralized Religion. Our team is not a dedicated representation of Erawan, instead, the Build is open to any religion in any formats. Products including Catholic, Christianity, Buddhism is also on the pipeline. So long as the general goal is to make religion more open, transparent, and decentralized, we are more than welcome to shoulder this responsibility.

Basics of Erawan Coin (Erawan)

Tokenomics

Type: ERAWAN Token on Binance Smart Chain

Ticker: ERAWAN

Total supply: 100,000,000 ERAWAN (fixed)

Token contract: 0x29d915bbbaf24661aa10f7d6cf42fd079be2810b

Initial circulating supply: 30,000,000 ERAWAN

Initial market cap: $1,200 USD

Given the tokenomics is the initial setup, the project committee believes the token tends to be deflationary. As such, our team is open to any suggestion from Token Holders (i.e. Erawan Followers) on the burning schedule.

In addition, the low initial market cap a) allows lower barrier from Apostles on less-developed countries as Religion is supposed to be a gospel for less fortunate; b) endows large potential profit from the Early-adopters who devoted themselves to Erawan.

Allocation

ICO Schedule

The ICO is tentatively set at 30th Dec 2021 before 1200 EST.

Starting from 31st Dec (EST) Erawan could be swapped with any reputable Crypto pairs such as BNB and USDT on Binance Smart Chain.

Funds Usage

There’re mainly 3 streams of fund usage of the ~ 68% of allocation (Founding Team + Project Expenses).

Business Expansion or Strategic Alliance

Our team aims to expand our footprints on the on-chain and off-chain religious ecosystem, with “ERAWAN” Coin being the first token. The donation and training provided to the religious bodies is an integral part of on-going cooperation.

Marketing

Whilst our general goal is to make religious decision making more decentralized, we would sponsor the benevolence act from the church/temple with the profits obtained. This might help us penetrate to traditional religion ecosystem and make our names heard.

Team Recruitment

With flourishing roadmap ahead with “Pray-to-Earn”, Religious DAO (DRAO) and Metaverse Establishments, a team of in-house technical expertise would be required. This helps us to remain competitive and boost the value of “Erawan” coin in return.

Price & Market Capitalization Forecast

In modelling price & market Cap growth, the best approximate is to leverage a similar coin in the crypto space. Combining Meme Coin, NFT along with Metaverse concept, there is a unique market status in the current Crypto Ecosystem. However, considering its initial market cap and “meme” nature, the price trend of Shiba Inu would be likely a reference for “Erawan”.

Shiba Inu, which was created after Elon Musk’s Doge Tweets, experienced a 8,000-fold increase in the year of 2021. Although there’s no guaranteed promotion from Influencer, there are a number of planned events from “Erawan” which help fuel the price.

The graph below extrapolates Shiba Inu’s price from the historical on 2021; and adds Erawan Price prediction with Adjustment from 2 factors 1) Market events 2) Adoption. There will be 2 achievements by Q4 2022 according to our prediction.

a) 2,000,000 % Price increase from initial price to Q4 2022

b) USD 30 Mil Market Cap by Q4 2022; ~Top 600 Coins according to Market Cap at the time of writing

Team

“We don’t believe in traditional Companies, hierarchy and management. Anyone in the community is welcome to share their ideas in making Religion accessible to everyone”

SS Wong- Co-founder

An Amateur Follower of Erawan and a Crypto enthusiast with over 10 years banking experience. Aims to make an impact to the financial sector with Blockchain Concept. Started from 2021, he has been devoted to mining, defi and brainstorming new initiatives in the Blockchain community.

TL- Co-founder

TL is an early crypto adopter with extensive experience in mining, staking, and DeFi. He is active in the APAC crypto community to advocate for mainstream usecases and proper governance including supportive regulation