NFTFRAPPE Guide to Use
Hey, Gimmi friends welcome back to NFTFRAPPE!
Here we are at the Thursday update where in theory we should talk about numbers such as scores, distribution, and tokens but not today, the project started this week and it would be useless to talk about these things hours there would be little to write so this appointment we refer it to next week.
We take the opportunity to create a guidepost for new future users but also for a general review, to be pinned up so that those who enter for the first time or those who want to review the project have it immediately at hand.
It will not be a definitive thing because the project is young and many updates come and go to improve the best.
Let's group all the info here trying to be as clear as possible ... let's go!
WHAT IS NFTFRAPPE?
NFTFRAPPE is an all-Italian project born from the collaboration between @bencwarmer and @blumela is based on a passive entry project with NFTs or by buying and holding NFTFRAPPE NFTs in your wallet you can have a weekly passive gain based on the NFTs held.
HOW DO YOU EARN?
From the sale of the NFTs, a POOL is created consisting of 70% of the proceeds from sales but not only that, even 60% of the proceeds from our posts will become part of the POOL, making the earnings of all the owners of our NFTs grow exponentially.
The interests of this pool are split weekly based on the type of NFT held in your wallet.
Every single point will have a value in this pool.
By multiplying the value of every single point by the value of the NFT held, the weekly reward is established.
The only way to receive the interest that will be distributed weekly will be to buy and hold our NFTs in your wallet.
In the event of a sale or gift to other users, the interests will go to the new owner of our NFTs and no longer to the first.
WHAT DO YOU EARN?
After various comparisons, we decided to distribute second-level TOKENS also to involve the users who follow us.
Each month a survey will be published in which we will ask you to choose among some tokens the one you would like to see distributed the following month.
WHAT KIND OF NFT WILL THEY BE?
The NFTs will be of three types for transformation, COMMON, RARE and EPIC.
Prices, quantities and point value for NFT will (for now) be as follows:
HOW MUCH AND HOW DO YOU EARN?
For this point, we report an example that we have already included in previous posts, but it is essential to understand how NFTFRAPPE works and we report that example here too.
Let's say that Gianni and Pinotto have purchased two Common Gianni NFTs and an Epico Pinotto NFT respectively and that the rewards to be distributed during this week are 100 Tokens.
In this case, the total points of the NFTs sold amount to 10 (2 points for Gianni's two municipalities + 8 points for Pinotto's epic) which means that every single point is worth 10 Tokens.
So Gianni and Pinotto this week will receive 20 Tokens and 80 Tokens respectively.
Now Pinco arrives and buys a Rare NFT and a Common NFT and the token rewards to be distributed in the new week become 150 and no longer 100.
The total of NFT points sold now becomes 14 (2 points for Gianni's two communes + 8 points for Pinotto's epic + 4 points for Pinco's rare and commune), so every single point is now worth 10.71 ( 150/14).
Gianni, Pinotto and Pinco will receive this week respectively 21.42 (10.71x2) Token Gianni, 85.68 (10.71x8) Token Pinotto and 42.84 (10.71x4) Token Pinco.
DO I BUY AN NFT AND WHEN DO I EARN?
The purchase and possession of one of our NFTs will allow you to participate in the pool, from the moment of purchase you will start earning the first TOKENS that will be distributed every Monday, with an update on the proceeds and the distributed on Thursdays.
This point has been modified from the previous post where we asked to wait a week before receiving the earnings, reflecting we wondered why we wait when we can make Gimmi's friends earn right away.
WHEN DO NFTs COME OUT?
Our NFTs with the various transformations of GIMMI will come out every two weeks so one yes and one no.
For this point, future updates are already planned, but we will talk about it in the post on Monday and we will also update this to always make everything clear.
WHO IS GIMMI?
NFTFRAPPE Corporation Enterprise is thrilled to introduce you ...
GIMMI THE POO
https://peakd.com/hive-146620/@nftfrappe/nftfrappe-has-the-pleasure-to-present-you-engita
Our NFTs can be found at @nftshowroom.
If you are not yet registered in NFTShowroom you can do it through this link
https://nftshowroom.com/?ref=nftfrappe
If you want to use my ref link
Now we know the where, when, how and why, as always we invite you to express your doubts in the comments so that we can clarify and improve the format.
NFTFRAPPE is also on:
Twitter: https://twitter.com/NftFrappe
Telegram: https://t.me/nftfrappe