Distribution of Rewards
This section will go into detail regarding the distribution of the rewards generated.
Rewards & Consistency
Rewards are anything earned from our treasury investments. We have a system to ensure consistent distribution of rewards to our holders. This will change depending on how the market is trending. When the markets are up, more will be saved in our rewards pool to ensure we can pay out rewards consistently, and when they are down, rewards will be drawn from the rewards pool to maintain consistency.
Rewards Distribution
Below is the current split we have for the distribution of rewards, this is subject to change.
Giveaways - 30% of all rewards will be distributed back to our NFT holders as a weekly giveaway prize! The number of winners will vary weekly between 10-20, and rewards will be distributed in the form they were earned. For example, $THOR tokens will be distributed to a weekly giveaway winner if we invested in Thor, or USDC if invested in USDC staking, etc. The more NFTs held, the higher the chance of winning weekly! Minting a 'Golden Narwhal' will increase the amount you could win every week! We will also have a 'Weighted Giveaway System' in place to increases the chances of winning for our holders who have not yet won!
Passive Income - 20% of all rewards will be airdropped to our holders weekly in the form of stable coins. This will be an equal amount for everyone unless you have an NFT with Golden Features, in which you will have a boost of the amount you earn! (more on this in The Golden Narwhal). You can also increase the amount of passive income received by holding more NNC NFTs! This will begin after the mint in line with the roadmap, prior to that the rewards designated for the passive income will be compounded!
Compounding - 30% of all rewards will be compounded to ensure a forever increasing value for all of our holders. This also means, the longer you hold, the more you will earn!
Rewards & The Golden Pool - 10% of all rewards will be held by our rewards pool and distributed to the Golden Pool. The ratio of the two will be dependant on the current market trend. Both the pools work together to help ensure the longevity of the project as, the Golden Pool will cover any extra rewards to be handed out to 'Golden Narwhal' holders, and the rewards pool will be utilised for paying more out to holders when the market is in a downtrend so rewards aren't high, & to ensure we can always invest more into projects at a lower cost to lower our average buying price over time!
The treasury will be used to cover any fees associated with the projects we are in, for example, Gas & Maintenance fees.
Team Wallet & Marketing - 9% of rewards will go towards the team wallet & towards marketing to further increase the stability of the project. Not only to give the team an incentive to carry on working hard, more money will be put into marketing to ensure the projects success in the future. We have a-lot planned for the NNC universe, so marketing is an essential part for our success!
Charity - the remaining 1% of all rewards will be distributed to an Arctic & Marine Life charity picked out by our community! This is to ensure we are having a positive impact on the world as well as bringing value to our holders!
(The above distribution is subject to change)
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