โš–๏ธThe Council Session #001

Ended on 16.10.2022.

โš–๏ธ ROYALTY REDISTRIBUTION

๐Ÿ”ข OPTIONS : 1๏ธโƒฃ 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. ๐ŸŸข Unquestionably the fairest method. It can encourage even more activity among the lowest tiers of the collection.

2๏ธโƒฃ Each wallet gets a share based on the number of Legends it holds. ๐ŸŸข 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. ๐ŸŸก Newcomers and those who can't afford a large number of assets may feel like whales are getting preferential treatment and get discouraged.

3๏ธโƒฃ Majority of Legends get an equal share. Legends with specific traits receive a slightly bigger share. 4๏ธโƒฃ Majority of Legends get an equal share. Legends with specific traits receive a significantly bigger share. ๐ŸŸข 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. ๐ŸŸก Similar to option 2, this can result in a small number of holders earning a giant portion of the royalties.

5๏ธโƒฃ Each Legend gets an equal share. Expand the royalties from 50% to 90%. Treasury will receive only 10% of the royalties. ๐ŸŸข A higher rate of royalty redistribution can attract new investors. Bad Fox Motorcycle Club has the number set at 80%. ๐ŸŸก This can slow us down in regards of our long-term plans (i.e. establishing an esports team)

๐Ÿ† OUTCOME : 1๏ธโƒฃ 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.

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