Early Supporters’ bonus through Limited-Edition NFTs
Today, Contribute really wants to spread some love among its most fervent believers and continue engaging holders in rewarding and exciting ways.
While announcing the creation of the Contribute DAO a few weeks ago, two new pivotal tokens were presented, TRIG, Contribute’s virtual mining rig, and TDAO, its governance token, both working seamlessly on top of TRIB to build a solid, interconnected ecosystem.
Contribute is now taking it a step further!
We are proud to announce that a limited-edition series of non-fungible tokens, NFTs, will be gifted to some participants of the upcoming Contribute DAO Locked Liquidity Event, (LLE) the early supporters willing to go a step further down the rabbit hole.
The Contribute NFTs aren’t ‘just’ collectibles to be traded for rarity or looks.
They are unique pieces designed to bestow real rights upon their owners.
The following are the characteristics of our NFT design:
1. Contribute NFTs will be assigned ONLY to early contributors according to their TRIB deposits to the event, until all the NFTs available run out.
2. There are 8 tiers of unique, collectible NFTs.
3. NFT holders are granted a share of TDAO transfer fees from the DAO Treasury, provided their NFTs are being staked.
4. Each tier will bear a different bonus from the start. The rarest ones entitle holders a higher share of the fees reserved for the NFTs.
5. There will be only one batch of ‘Early TDAO Supporters’ NFTs to ever be minted.
6. These NFTs are programmed to receive fees indefinitely. It is hard coded into the protocol and it cannot be changed by governance.
7. It will be possible to trade these NFTs on markets such as OpenSea and others. Selling will also transfer their benefits.
Why is Contribute doing this?
Simple. TDAO is Contribute’s vital interconnecting layer, coordinating people, ideas and capital in a decentralized manner above the immutable foundation of its ecosystem, TRIB.
As such, Contribute wants to reward the strongest believers in its vision, those people helping to shape our future together.
Contribute NFTs are gifts representing real value in the same way as its community represents it for Contribute.
Benefits of being an early contributor and NFT holder
The Contribute DAO will initially devote part of its Treasury towards the most committed community members, the NFT holders, those who promptly participated in the TDAO launch.
Early participants are locking their TRIB forever in order to kickstart the Contribute DAO and for such, deserve their opportunity cost to be considered.
Therefore, they will be receiving value back as a bonus, courtesy of the DAO, in honor of their support towards our common goals.
How will the NFTs be distributed?
- DIVINITY (1 card): 5% exclusive bonus for the largest contributor.
- IMMORTAL (1 card): 36% bonus for the one who first contributes 100,000 TRIB or more.
- SUPREME (2 cards): 28% bonus shared between the first two contributors of 50,000–99,999 TRIB.
- LEGEND (4 cards): 18% bonus shared between the first four contributors of 25,000–49,999 TRIB.
- VOYAGER (5 cards): 8.4% bonus shared between the first five contributors of 10,000–24,999 TRIB.
- ALCHEMIST(6 cards): 3.4% bonus shared between the first six contributors of 5,000–9,999 TRIB.
- EXPLORER (8 cards): 1% bonus shared between the first eight contributors of 2,000–4,999 TRIB.
- VISIONARY (10 cards): 0.2% bonus shared between the first ten contributors of 500–1,999 TRIB.
Tier 7, VISIONARY, will start with a 0.2% share of the bonus pool, moving up to 36% at Tier 1. The special DIVINITY card will grant 5% of the bonus pool.
This percentage share is exclusive to each tier, no matter if all cards have been claimed or only one.
One card of each unassigned tier will become possession of the TDAO Treasury as well as their bonus. Any other unassigned cards will be burned.
Volume and incentives
The bonus from Contribute NFTs raises alongside the trading volume of TDAO. NFT holders don’t need to worry about the price of TDAO when assessing their minimum bonus. Its value is based on volume, not price!
By spreading awareness about TDAO, TRIG, TRIB and the Contribute ecosystem, NFT holders will see their APYs growing in proportion to TDAO’s trading volume, starting from the TDAO/TRIB Uniswap and adding more soon after. This will grant the Contribute DAO and NFT holders, the ability to monetize from multiple arbitrage opportunities.
Initial incentives for NFT holders will start as follows:
- 10% of all funds destined to the TDAO Treasury will be gifted to NFT holders for their help in bootstrapping our common vehicle for growth
- The NFT bonus coming from the treasury will halve 4 times, once a month, until stabilising at 2% of all TDAO transfer fees reaching the treasury. NFT bonus will never be lower than 2%.
- TDAO transfer fees will initially be charged only on sells, and for moving between wallets, in the amount of 1%. There will be NO FEES on buying from the TDAO/TRIB Uniswap Pool.
- Every (decentralized) trade of TDAO outside of this specific pool, buying and selling, will bear the transfer fees. More details are available. This will grant the Contribute DAO and TRIG holders the ability to monetize from multiple arbitrage opportunities.
Moving towards the Future: Coordinating Capital as ‘One’
After the Contribute DAO’s launch, TDAO holders will own every right to the ecosystem and its treasury.
They will vote on autonomous strategies, new products, marketing, investments, promotions and anything that the DAO will set itself to achieve.
“How to join the capital coordination revolution?”
Easy. Welcome to Contribute.
Catch up with all you need to know:
Contact us:
Discord — where big ideas get discussed.
Telegram — where the community chats and enjoys lightheartedly.
Twitter — where announcements are published.
Medium — where details are shared.
YouTube — where our video material is posted.
Github — where the code is made available.
