NFT Royalties
NFT royalties sharing will be a massive perk for the XBorg holders with 10 or more NFTs under their whale status and it will be another mode of passive income.
What are the Royalties
During smart contract initiation, we decided to capitalize on a 10% royalty fee which will be distributed between Xborg NFT whales and VispX Treasury.
Whale Incentive Program
This program is designed to incentivize our whale holders of the XBorg NFT. Keeping it as simple as possible, we will be adopting the following Whale incentive program.
How many NFTs do I need in my wallet?
Wallets holding a minimum of 10 NFTs in their wallets qualify for the whale royalties.
What is the % allocated to the whale program
25% of the total royalties received will be dynamically split between whale holders. To give you a very optimistic example, if the total royalties received is $20,000 then, $5,000 USD will be split between wallets holding a minimum of 10 XBorg NFTs.
Below mechanics is how the royalties will be split if the pool size is $5,000 USD for whale holders
When will the distribution take place?
Royalty distribution will be quarterly and will begin from Q1-2023.
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