Utility
This section explains the benefits of holding the NFT.
Initially, we will have 2 selling points for our NFTs, Weekly Giveaways & Daily Passive Income! These two will work as follows:
Weekly Giveaways
To reward the holders of our NFTs, 30% of all rewards will be distributed to 10-20 lucky weekly winners every week! Meaning you will have a 2% chance to win every week! Holding just 5 NFTs increases that to a 10% chance of winning EVERY WEEK! That works out to a 520% chance of winning, or winning 5 times over the course of the year with 5 NFTs at 1000 NFTs sold in total! We want each and every one of our holders to benefit from a weekly giveaway before the end of a year. For this reason, we will implement 'weighted giveaways.'
Weighted Giveaways
Another way we decided to innovate and ensure each of our holders have a higher chance of winning every week, is by adding a 'weighted giveaway' system to our giveaways. This way, NFTs which have already won will have a lower chance of winning for the next month which in turn increases the probability of someone else winning! For example;
20 winners every week = 80 winners every month.
New chance of winning weekly giveaways = 20/920 instead of 20/1000
New % chance of winning weekly giveaways = 2.17% instead of 2%.
By holding 5 NFTs, your chances of winning every month is increased by a 3.48%
We decided to only limit the winners for 4 weeks, as this will help negate people selling their NFTs as soon as they have won and buying others, as they still have the opportunity to win in the following month. We also have another feature which will want people to hold instead of selling and buying new NFTs, our passive income.
Passive Income
Another way to incentivise holding an NFT is through our stable coin passive income rewards! 20% of treasury generated rewards each week will be distributed to all of our holders as a passive income. Nothing extra is required, you are rewarded for simply holding the NFT, giving you a passive income. This will increase your ROI slowly every week without having to lift a finger! The best thing about this, there's no sunken cost! Once you want to move away from our amazing project you can sell your NFT on a marketplace & recover a portion, if not all of your initial investment + profit!
Last updated