Initial Funding Events
Planned to take place on: TBA
Depending on the rarity tier, of which there are six, each Founder NFT contains a certain amount of Founder Points, which are used to distribute the founders' share of the weekly QFT issue (10%).
Since the total supply of each rarity tier is limited, the maximum amount of Founder Points is also limited and cannot exceed 2,602,200.
Common (F)
100
3,200
320,000
1.230%
Uncommon (E)
224
1,600
358,400
1.377%
Rare (D)
502
800
401,600
1.543%
Epic (C)
1126
400
450,400
1.731%
Legendary (B)
2526
200
505,200
1.941%
Mythical (A)
5666
100
566,600
2.177%
TOTAL
-
6,300
2,602,200
10%
The primary goal of the Initial Funding Events is to raise money for the initial development, operation, and marketing of Questfall by selling 75% of the total supply of Founder NFTs to the public, while keeping 25% for the Team.
First Funding Event (FFE)
The goal of the First Funding Event is to raise $302,400 for the initial development of the platform by selling 40% of the public NFTs (or 30% of the total supply) at a base discount of 50% per Founder Point.
Common (F)
320
960
$70
50.00%
$67,200
Uncommon (E)
160
480
$140
55.36%
$67,200
Rare (D)
80
240
$280
60.16%
$67,200
Epic (C)
40
120
$560
64.48%
$67,200
Legendary (B)
20
60
$1,120
68.33%
$67,200
Mythical (A)
10
30
$2,240
71.76%
$67,200
TOTAL
630
1,890
-
-
$403,200
Since 25% of the price is used as a reward for the IFE referral program, which is split between users with referral codes and Ambassadors, the total amount raised by the Team should be reduced by 25%. This gives a target of $302,400.
Second Funding Event (SFE)
Second Funding Event will take place closer to the launch of Questfall (we plan it to take place during the beta testing of the platform).
The funds raised during the SFE will mainly be used for initial marketing activities to support the launch of the platform and also as a reserve for the first year or two of Questfall development.
During the SFE, the remaining 60% of the public NFTs (or 45% of the total supply) will be sold.
Common (F)
480
1,440
$140
0.00%
$201,600
Uncommon (E)
240
720
$280
10.71%
$201,600
Rare (D)
120
360
$560
20.32%
$201,600
Epic (C)
60
180
$1,120
28.95%
$201,600
Legendary (B)
30
90
$2,240
36.66%
$201,600
Mythical (A)
15
45
$4,480
43.52%
$201,600
TOTAL
945
2,835
-
-
$1,209,600
Hard and Low Cap
As a result, the total amount of money that can be raised during both events is limited to $1,612,800. However, since 25% of the price is allocated to a referral program, the final amount that the Team can raise is capped at $1,209,600 (FFE: $302,400 and SFE: $907,200).
However, there is no low cap, as we will develop Questfall regardless of the final amount we are able to raise. We will launch the project even if we raise nothing, as we have already put a lot of effort into it and see a great potential in Deflationary Quest Mining.
Since any NFTs not minted during the SFE will never be minted afterward, the weekly rewards received by existing founders will increase proportionally. So in a sense, selling as few NFTs as possible is in the best interest of every founder (including us).
But of course we will do our best to attract as many founders as possible, because they bring not only money, but also decentralization, experience, connections, support and fresh ideas.
The Founders
Founders are people who have brought critical value to the project, without whom Questfall would not even exist, and therefore are rewarded with many benefits from the system.
All Founders are considered equal, and we as developers do not receive any special bonuses, as the benefits of being a Founder are automatically distributed by the system to each Founder NFT owner according to their share of Founder Points.
Passive Income for Life with Weekly QFT / NFT
The mining approach assumes that there is no other way to profit from the system other than receiving a portion of the token issuance. It can be compared to taking profits from a company as dividends in a traditional fiat money approach.
The 10% portion of the weekly QFT issue is distributed to all Founder NFT holders according to their Founder Points, which can be thought of as mining power.
To illustrate the financial results of becoming a Founder, let's look at the first year of Questfall.
Since a total of 1,412,159 QFTs will be issued in the first year, the Founder's share will be 141,217 QFTs. Considering that each NFT is minted during the IFE, the following income will be received by the owners of the various Founder NFT tiers, depending on the average price of the QFT during the year.
Common (F)
5.43 QFT
$5
$54
$271
Uncommon (E)
12.16 QFT
$12
$122
$607
Rare (D)
27.24 QFT
$27
$272
$1,362
Epic (C)
61.11 QFT
$61
$611
$3,055
Legendary (B)
137.08 QFT
$137
$1,371
$6,854
Mythical (A)
307.48 QFT
$307
$3,075
$15,374
Assuming that half of the circulating QFTs (706k) will be in the liquidity pool and half in the hands, there should be approximately $700k in the second side of the pool at the end of the first year for the price of the QFT to be $1. This price provides an annual percentage yield on the investment of approximately 10%, while the base NFT price is compensated in a different way (see the bonus below).
However, this estimate does not take into account the number of QFTs that will be burned during the first year, which directly affects the QFT price for the same amount of stablecoins in the pool. And since the low QFT price incentivizes QFT burning, we actually expect the QFT price to be higher than $10 at the end of the first year.
Double (quadruple) compensation for NFT costs / NFT
We want a weekly QFT reward to be a real profit that can be considered independently of the cost of the NFT itself.
To accomplish this, we include in each NFT the amount of Gold necessary to cover the price paid for the NFT on the Second Funding Event. Since Gold can only be withdrawn from the system at a market-based discount that is difficult to predict, we include 2x the cost of the NFT in Gold equivalent (1 Gold = $0.01).
Since the large amount of Gold in the system can break a balance, the Gold Compensation will be released in equal parts over 50 weeks, or almost a year. In addition to the direct goal of compensation, this approach will also increase the price of Founder NFTs during the first year.
Common (F)
$70
$140
28,000
$280
560 ($5.6)
Uncommon (E)
$140
$280
56,000
$560
1120 ($11.2)
Rare (D)
$280
$560
112,000
$1,120
2,240 ($22.4)
Epic (C)
$560
$1,120
224,000
$2,240
4,480 ($44.8)
Legendary (B)
$1,120
$2,240
448,000
$4,480
8,960 ($89.6)
Mythical (A)
$2,240
$4,480
896,000
$8,960
17,920 ($179.2)
Founders Edition Loot Boxes / IFE Wallet
Each Founder NFT is granted a certain number of Founders Edition (FE) Loot Boxes. While regular loot boxes in the system are unlimited and available to everyone, FE Loot Boxes are limited and only available to Founders.
FE Loot Boxes have six rarity tiers. While the Common (F) FE Loot Box doubles the chance of getting rarer items compared to the regular loot box, higher tiers will guarantee getting the RPG item of the same rarity as the loot box itself.
Common (F)
F x 10
Uncommon (E)
F x 10, E x 1
Rare (D)
F x 10, E x 1, D x 1
Epic (C)
F x 10, E x 1, D x 1, C x 1
Legendary (B)
F x 10, E x 1, D x 1, C x 1, B x 1
Mythical (A)
F x 10, E x 1, D x 1, C x 1, B x 1, A x 1
FE Loot Boxes are not included in the Founder NFTs themselves, and will be available to Founders when Questfall launches by logging into the system with the wallet address used in IFE. This means that the loot box bonus will not affect the price of the Founder NFT.
However, since there will be no higher rarity RPG items in the system at launch, owners of the rarer Founder NFTs will be the only ones with rarer items for some time. This will allow them to gain an early advantage or sell these RPG items for a profit.
Free Leveling Up and Quest Promotion / NFT
In Questfall, there is another in-game currency besides Gold - Silver, which can be obtained through proper moderation or by burning Gold - every 1 Gold yields 10 Silver.
Founders will receive a certain amount of Silver, based on the rarity of their NFT, for the first 50 weeks after Questfall launches. And while Silver is non-tradable and non-withdrawable, Founders will be able to use it to gain an advantage on the platform through leveling up or quest promotion.
Common (F)
100,000
$100
2,000 ($2)
Uncommon (E)
200,000
$200
4,000 ($4)
Rare (D)
400,000
$400
8,000 ($8)
Epic (C)
800,000
$800
16,000 ($16)
Legendary (B)
1,600,000
$1,600
32,000 ($32)
Mythical (A)
3,200,000
$3,200
64,000 ($64)
Having free Silver each week will give Founders a noticeable advantage, whether they choose to complete quests or promote their own project to the Questfall audience.
Free Gems to Upgrade Clothing / IFE Wallet
While users can obtain most RPG items from loot boxes, Gems are a special type of RPG item that can only be obtained by participating in the Liquidity Program - by providing liquidity to the DEX pool and burning ownership of the LP tokens received.
Each IFE participant will receive Gems of all rarities not higher than the rarity of the NFT.
Common (F)
F x 1
Uncommon (E)
F x 1, E x 1
Rare (D)
F x 1, E x 1, D x 1
Epic (C)
F x 1, E x 1, D x 1, C x 1
Legendary (B)
F x 1, E x 1, D x 1, C x 1, B x 1
Mythical (A)
F x 1, E x 1, D x 1, C x 1, B x 1, A x 1
This allows founders to sell their Gems for Gold or QFT, depending on their tier, or to apply them to their own clothing to increase its rarity.
Long-term NFT Price Increase / NFT
The 1% portion of the weekly QFT issuance is used by the system to buy back and burn Founder NFTs through the auction mechanism based on Founder Point price bids.
This means that the amount of Founder NFTs in circulation will decrease over time, increasing the weekly QFT reward for each remaining Founder. This also means that the price of Founder NFTs will increase over time.
Furthermore, at some point in the future, only one founder will remain, and that founder will be able to sell the last NFT at any price he or she is willing to wait for, as the unused QFTs in the auction accumulate each week.
Private Founders Club / NFT
The founders of the higher tiers (C, B, A) will have access to the Team's private group, where they will be able to influence the development of the project and receive advance notice of upcoming events.
While this bonus may not seem very valuable to investors who only care about money, the Founders Club will be priceless to those who see the bigger picture and the potential impact that the ideas and approaches implemented in Questfall will have on the entire crypto space and society.
The Ambassadors
The IFE referral program allows influencers, community managers, and even regular users to make quick money by attracting potential founders to the event.
On the one hand, users who want to become a Founder will receive a discount on the Founder NFT price if they use an Ambassador's referral code.
Ambassadors, on the other hand, will receive a portion of the full NFT price immediately as the user's transaction will be split into two payments: one for the Team and one for the Ambassador.
During the FFE, the total amount of $100,800 will be used for the referral program. Of course, if all the NFTs are sold out.
Common (F)
960
$70
$52.5
$17.5
Uncommon (E)
480
$140
$105
$35
Rare (D)
240
$280
$210
$70
Epic (C)
120
$560
$420
$140
Legendary (B)
60
$1,120
$840
$280
Mythical (A)
30
$2,240
$1,680
$560
During the SFE, the maximum total amount of $302,400 will be be used for the referral program.
Common (F)
1,440
$140
$105
$35
Uncommon (E)
720
$280
$210
$70
Rare (D)
360
$560
$420
$140
Epic (C)
180
$1,120
$840
$280
Legendary (B)
90
$2,240
$1,680
$560
Mythical (A)
45
$4,480
$3,360
$1,120
A total of $403,200 will therefore be allocated to financing the referral program through Ambassador rewards and user discounts.
Alongside the opportunity to earn, the Questfall referral program also provides Ambassadors with a valuable chance to establish a reputation within the cryptocurrency community. Projects like Questfall are rare.
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