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. 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. 2.
    35% share of the v1 Founder Vault emissions accrued daily, and claimable from the Founders dashboard during Season 1.
  3. 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. 4.
    v1 Founder NFTs will collectively be entitled to 3% of BattleFly's governance token when released.
  5. 5.
    Two BattleFlys per Founder NFT can be selected as "Chosen" and receive the following bonus:
    • Extended battery life enabling them to generate ROI for longer and consume less Nectar.
    • A reduction the impact of breeding on battery life by 50%.
    • A 10% bonus on all Nectar drops obtained through the Garden. Master 'AI Faction' governance (revealed in Season 2)
  6. 6.
    Curated whitelist spots with partner projects negotiated by our Partnerships team
  7. 7.
    v1 Founders are entitled to stake a further 20,000 MAGIC per NFT (plus accrued emissions) in Flywheel once it becomes generally available to the public.
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