TheDamnIntern NFT Flywheel, yours free (tips accepted):
1. Mint collection, possibly open edition. Team freemints 10%, which is how they will make money.
2. Send mint funds to secondary contract.
3. Enforce royalties (4%). Royalties get sent to secondary contract.
Today I made a difficult decision. Most may never even understand it, but ultimately, it's a matter of pure DNA. I've decided to sell my Mutant, not because I didn't like it, or don't see potential, or don't admire what Yuga is building (I do it a lot), but because I've discovered that it's not in my DNA to invest in proven projects where everyone has already recognized their value, a value that's obvious. That's clearly what APEs are. It's also not easy wanting to join a family that's been well-oiled for many years, where everyone knows each other simply because they buy an APE. In the end, I'm a value investor, and I'm comfortable investing in projects with great potential that are currently very undervalued. For that reason, I've decided to significantly support @Dario_Desiena with @R3ORDR protocol, a really amazing an undervalued project.
@TSLASince2019@Kalshi_Crypto It’s preferred stock, not common stock. It
not dilutive; it’s basically debt. He will pay it with staking rewards. I don’t love it but I don’t hate it.
The $BMNR team is getting very creative with how they raise cash to finish buying $ETH.
They are issuing $300 million of preferred shares (that are not convertible to common stock - therefore not dilutive) that will pay a 9.5% annual dividend.
With current annual staking revenues being about $300 million, they will likely pay the 9.5% dividend (~$30 million annually) from this staking yield.
Theses preferred shares will be able to be bought back at any time by Bitmine. This gives the company flexibility if interest rates drop or their capital position improves, they can buy back the shares to get that 9.50% dividend obligation off their books. Essentially allowing themself to refinance their capital structure at any point.
@itsnot_demarco It revolves around pointing 90% of mint proceeds and partial royalties to a wallet dedicated to making weth offers and sending any dumped NFTs to the burn address. NFT count shrinks and offers per NFT grow over time; literally can’t go down👀
TheDamnIntern NFT Flywheel, yours free (tips accepted):
1. Mint collection, possibly open edition. Team freemints 10%, which is how they will make money.
2. Send mint funds to secondary contract.
3. Enforce royalties (4%). Royalties get sent to secondary contract.