v1 Founder NFTs
220 v1 Founder NFTs were minted, with the ETH received used to obtain MAGIC OTC from TreasureDAO and placed into the BattleFly Treasury in the v1 Founders Vault.
Each v1 Founder NFT comes with a mix of in-game rewards and a proportional share of the v1 Founder vault containing MAGIC:
- 1.Entitlement to withdraw 80% of the proportional share of the v1 Founder Vault at any time (subject to 90 day drip). This will result in the v1 Founder NFT being burned when it is redeemed, reducing the overall supply of v1 Founder NFTs in circulation. This redemption feature will be implemented prior to the commencement of Season 2.
- 2.35% share of the v1 Founder Vault emissions accrued daily, and claimable from the Founders dashboard during Season 1.
- 3.A further 15% share of v1 Founder Vault emissions will be retained within the v1 Founder Pool. This has the effect of increasing the asset base of the Founder NFT daily, compounding the size of the v1 Founder vault over time.
- 4.v1 Founders will earn emissions on their respective share of the permanently locked, v1 Founder gFLY vault, containing 3% of circulating gFLY supply.
- 5.v1 Founders NFTs will receive a daily nectar drip into their account of 6 Nectar per day.
- 6.Curated whitelist spots with partner projects negotiated by our Partnerships team.
- 7.v1 Founders will receive a staking multiplier on their MAGIC/gFLY staked in Flywheel, allowing them to earn boosted emissions from holding the NFT.
Last modified 5mo ago