Founders' Revenue (10%)
Last updated
Last updated
The funds raised during the will be used to build and promote Questfall. This is a one-time opportunity to mint .
The platform would not exist without the founders, so it is hard to overstate the value they have added. In recognition of their contribution, founders will receive 10% of the newly created QFTs each week from the launch and forever.
The total number of QFTs to be rewarded to founders in a given week is known in advance as it can be calculated by the formula. This fixed number of tokens will be distributed to all Founder NFT holders at the end of the week according to the individual Founder Point share of each NFT holder.
Since the weekly rewards should be claimed by the user in order to actually issue QFTs and get them into the wallet, and since Founder NFTs can be burned or traded, when such an NFT is burned or traded, any unclaimed tokens are also burned or traded along with the NFT.
Rewarding founders with a portion of the QFT issuance makes them a rather unique group of users. While all types of activities rewarded by QFT issuance require users to create value during the week to receive another weekly reward, founders are the only participants who are rewarded forever for the value they add just once: by participating in IFE or by purchasing such NFT on the secondary market.
As a result, the revenue that founders receive in the form of QFT will depend on user activity in the system and the overall success of Questfall.
However, since QFT is deflationary in nature, and the amount of Founder Points decreases over time, the fiat currency equivalent of the revenue stream should increase over the long term, even with a limited number of dedicated quest miners.