Our very first farming NFT!
Fud.finance and Degen.Studio will be releasing the Mt.GOX Dragon card in the next week. And we wanted to tell you why this is very cool for the continued growth of our project. The Mt.GOX Dragon card will be both a playable in-game card as well as a farming mechanism for $FUD.
There will be a total of 100 1st Edition Mt.GOX Dragon NFTs minted. Future mintings will not have the farming feature included (i.e., 2nd Edition.)
Mt.GOX Dragon (MTGD) will let holders who have a valid membership participate in profit sharing of NFT sales through Rarible/Opensea. 5% of the net ETH proceeds received from direct sales will be split among all MTGD holders every month.
Your proceeds will appear in $FUD. We will take the 5% ETH and buy FUD on the open market before distributing. This will happen on the last day of every month which will also give us a predictable boost in token value. The very first date for receiving a distributions is December 31st, 2020.
Requirements: You must have a valid membership and you may only have (1) MTGD per wallet address. This is to ensure fair distribution of the card.
Let’s say we get 100ETH in proceeds one month. This results in 5 ETH worth of $FUD being purchased and redistributed.
This 5% payout is in perpetuity and will never be diluted.
Side note: the distribution is based solely on number of holders — so if the number of holder is less than 100, let’s say 85, it would be distributed evenly to the 85 holders.
RELEASE DATE: 11/15/2020 9:00AM CST