The Number of NFTFRAPPE

0 31

Written by

Music, Run, Animals, Game, Photography

2 years ago

Topics: Earn, NFT, Gaming, Blockchain, Hive

Hello to all Hivers Gimmi's friends,
today we will go to see the first numbers of our project and more precisely we will go to see NFTs sold, earnings from posts and distribution of weekly rewards.

But let's go calmly and in order.

NFT SOLD

On Monday 23 NFTs were sold for a total of 135 Hives.

If the total does not return it is because @nftshowroom retains 10% of commissions, so the total collected net of commissions was 135 Hive.

From this data, we discover that 70% has been included in the pool and that is 94.5 Hive.

EARN FROM POST

The earnings from posts weren't much on Monday, the total was around 7,440 Hive.

From these data, we easily deduce that even 60% of the earnings from the posts are included in the pool and that is 4,469 Hive

On Monday, the pool from which we went to distribute a percentage of the earnings was therefore composed of 94.5 Hives deriving from the direct sale of the NFTs and 4.469 Hives deriving from the earnings of our posting works. The total was therefore 98,969 Hive.

From the graph, you can see that 95.5% of the pool is made up of direct NFT sales, while only 4.5% is made up of earnings from posts.

This is obviously because we are only at the beginning. In the long term, the part of the pool made up of posting works will increase, thus also increasing the amount of the weekly rewards.

SPOILER: to date the pool for example amounts to about 104 Hive and the percentage from the earnings of the posts has increased to 9.7% of the pool.
As you can see it has more than doubled within a few days and this is thanks to the trust of the users who support us every day.
This percentage will continue to vary given next Thursday's report post in which we will go and see some concrete numbers again.

WEEKLY REWARD

But now let's see what and how much we have distributed.

At the time of the swap between Hive and PGM, 7,111 PGMs were equivalent to approximately 0.176 Hive.
We can consider that we have distributed 0.176 Hive in the first week of the life of the project.

We can therefore consider that we have had a distribution of the rewards with an overall interest calculated on the pool, reading it in perspective and translating it into more familiar words, of about 9.24%.

We quickly explain the calculations to arrive at this percentage.

If we take the value of the total rewards distributed in the week and multiply it by 52 (the number of weeks in a year) we obtain 9,152 Hive, the annual rewards that would be distributed
Now taking this value and dividing it by the amount of the pool, we find that at the end of the year we should distribute 9.24% of the pool in this way.

We can therefore say that on Monday our project had an APY of 9.24%

... WHAT IF WE DON'T COUNT THE EARNINGS FROM POST?

This is a very interesting question to answer, good Gimmi!

We want to see what would have changed if the earnings from the posts had not flowed into the pool?

If we hadn't increased the pool with post earnings, we would first have had a pool of 94.5 Hive instead of 98.969 Hive and a weekly distribution that was around 0.160 Hive.
In this way, the annual interest would have been around 8.80%

SPOILER: another small spoiler, at the time of writing this post the APY is around 9.83%, but to which the gain from last week's post must still be added.

Maybe now you understand a little more why we are focusing a lot on this project.
Within a few days, the total distribution APY on the pool increased by 0.5 points.

And what will happen when the earnings from posts are greater than those from direct selling of NFTs?

Well, that's up to you to find out by entering the project and having a little patience! ;)

As always, we invite you to leave us your comments and feedback that will help us grow our project better.

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