⚖️The Council Session #001

Ended on 16.10.2022.

⚖️ ROYALTY REDISTRIBUTION

🔢 OPTIONS : 1️⃣ Each Legend gets an equal share of 0.02% adding up to 50% of the royalties. The other 50% will be kept in the treasury. 🟢 Unquestionably the fairest method. It can encourage even more activity among the lowest tiers of the collection.

2️⃣ Each wallet gets a share based on the number of Legends it holds. 🟢 Similar to PoS voting, this option gives more power to the larger wallets. Dedicated supporters of the collection get a better reward than those who aren't as passionate. 🟡 Newcomers and those who can't afford a large number of assets may feel like whales are getting preferential treatment and get discouraged.

3️⃣ Majority of Legends get an equal share. Legends with specific traits receive a slightly bigger share. 4️⃣ Majority of Legends get an equal share. Legends with specific traits receive a significantly bigger share. 🟢 This can create a competitive market for certain traits which helps the collection overall. Similar to how laser eyes and astronauts almost always have high demand. 🟡 Similar to option 2, this can result in a small number of holders earning a giant portion of the royalties.

5️⃣ Each Legend gets an equal share. Expand the royalties from 50% to 90%. Treasury will receive only 10% of the royalties. 🟢 A higher rate of royalty redistribution can attract new investors. Bad Fox Motorcycle Club has the number set at 80%. 🟡 This can slow us down in regards of our long-term plans (i.e. establishing an esports team)

🏆 OUTCOME : 1️⃣ Each Legend gets an equal share of 0.02% adding up to 50% of the royalties. The other 50% will be kept in the treasury.