Payment and Rewards Distribution
Buying a membership is like investing on yourself...
The Membership Price
The initial draft was for an offering that would yield at least $1 USDT per day with weekly payouts of $7 per week. This however became a challenge in itself due to market sentiment, NFTs are at an all time low, as well as the sudden burst in popularity of meme coins. So a tiered pricing was created for affordability.
There are three levels (for Phase 1), with each tier divided into sets of 10, 15 and 20 memberships.
Supply of 10 for $215 USD.
Supply of 15 for $145 USD.
Supply of 20 for $110 USD.
IMPORTANT NOTE: The reward rate are all approximation and should only be used as a guide! For a more accurate guide, please refer to the investor tracker in discord.
Rewards Distribution
To distribute the rewards for Phase 1, the Program will be using an app developed by 0xSplits.xyz, which is a multi-chain open source out-of-the-box solution, it is very easy to use, displays all transactions in a nice interface, and best of all, it's FREE!
With the three tiers as well as to cater for the Accelerated Incentive, I created 5 smart contracts that will be used to distribute the rewards:
Main Incoming Funds
0xEC3FB1614e5544E74B513D4B8e3b624b426C7d70
Tier 1 Holders
0xA6adC833f070C5613abbdd0Fade571adCcbd4Ccc
Tier 2 Holders
0xe6380b952F1DDe3EBA685E92b46Eed2A37D1632e
Tier 3 Holders
0xaFB26D69559cddA35f444b7d2AEA3D02a75826C5
Residual Spill - Used for the Accelerated Incentive
0xC92e975c18978b282E37C1500C0684546407d3A5
The smart contracts used are 'mutable', meaning wallets can be added accordingly, and percentage of the 'residual spill' can also be adjusted.
For Phase 2, rewards will be through "commissioned" work by using the NO IDEA platform(s), as well as per above split contracts through secondary sales and IP royalties.
Accelerated Incentive
The accelerated incentive address the issue where the members 'fee' is tied up, the reward is small, and so the time to recoup the initial membership fee takes a long time. Since this program is specifically designed to grow organically, it also means that unsold units are accumulating tokens. These tokens ideally will be saved for operational costs. However, one of the objectives of this program is to ensure that the rate-of-return is realised sooner, so that the holder can have 'real' 100% earnings from commissioned work.
To address this challenge, the unsold units will be divided equally distributed to the number of current holders based on three conditions:
The holder will be eligible for a maximum of 12 weeks (per two-year cycle).
Eligibility will cease if the initial membership fee is recouped within the 12 weeks.
Or when the total supply is SOLD OUT.
Since the rewards from the accelerated incentive is using unsold units, the yield by nature will be diminishing returns as the supply is slowly sold. When the collection is sold out, the next ASIC miner will be procured by no-idea.org®, then the Program can continue with the accelerated incentive, until sold out again -- i.e. using the same criteria above. This way, the program can keep growing, as well as be able to have the holders recoup their initial membership fee.
Below is an example only of how the Accelerated Incentive distribution works in diminishing returns, as each share is sold, so does the incentive reward.
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