💸Funding
A general overview of our mint capital allocations.
Total mint capital: 75% to fund wallets, 25% to team
Fund wallets (75% of mint capital):
Strategic Investment Fund (20% of project wallets capital, 15% of total mint capital, 15% of royalties intake - 0.75% of 5% royalties)
The Strategic Investment Fund will utilise initially 15% of the mint capital in order to purchase NFTs from secondary markets. These NFTs will be either held as longer term investments in order to grow the projects overall funds or raffled to holders at a future date.
Furthermore, 0.75% of the sale price of all NFTs sold on secondary markets will b funnelled into the strategic investment fund. These funds will either be used to buy more NFTs for the fund, or other assets such as fungible tokens for staking yield or holding until a decided maturation date.
As part of collaborations with other NFT projects, these projects can decide to send their own NFTs into our strategic investment fund. This can take place as an exchange for greenlist spots, stump of approval partnership, access to irl and metaverse events or access to joint events.
Metaverse Fund (50% of fund wallets capital, 37.5% of total mint capital, 15% of royalties intake - 0.75% of 5% royalties)
The Metaverse Fund will initally be funded with 37.5% of the mint capital, in order to fund our metaverse land investment and to outsource land development to an expert third party. We will use our outsourced partner in conjunction with our artist and founders to construct a clubhouse with events areas and to develop a secret project which will be revealed closer to release.
We also plan to integrate various forms of POAPs including attendance NFTs and metaverse items (e.g. fashion items).
Another secret set of NFTs will be constructed for metaverse use will also be developed with information on this becoming available closer to release.
Similar to the strategic investment fund, 0.75% of the sale price of all NFTs sold on secondary markets will be funnelled into the metaverse fund.
IRL/Community Fund (15% of fund wallets capital, 11.25% of total mint capital, 15% of royalties intake - 0.75% of 5% royalties)
The IRL and Community Fund will be used to fund our environmental missions, irl events (i.e. after parties after environmental missions), and community-voted online initiatives. It will be funded using 11.25% of the initial mint capital and 0.75% of the sale price of all NFTs sold on secondary markets.
Treasury Fund (15% of fund wallets capital, 11.25% of total mint capital, 15% of royalties intake - 0.75% of 5% royalties)
The Treasury Fund consists of 11.25% of mint capital and 0.75% of the sale price of all NFTs sold on secondary. It will be used as emergency funding in unforeseen circumstances including legal, bugs/exploits experienced by our community at which PC is responsible and other adverse events.
Once the fund reaches levels that can safely be assumed to cover any of these events, capital will be funnelled into other project funds.
Team (25% of mint capital and 2% of royalties) will be used to pay the team for their continuous efforts before and after mint, and to expand the team as the project matures.
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