Demand & use of funds
Where are the funds going?
The price will be 1 EGLD per NFT for everyone, including WL spots, due to the low supply available.
We aim to sell all of our NFTs, giving us plenty of room to grow in this market conditions.
The funds collected from the mint will go in the Squad Wallet and staked with the final goal of creating a Squad Node, investing in the MultiversX ecosystem.
The team will use all of the rewards from staking for further development of the project or restake to be rewarded with the full APY.
Considering the market conditions & our personal financial forecast for 2023 we have decided to offer for our holders the following plans:
Plan A:
Keep the funds of minting - Staking the whole value for a safe ROI at a 10.69% annualized.
Plan B:
Partial staking - Stake 80 % of the funds & sell 20% of the funds.
Stake 80% of the funds at a 10.69% APY.
Sell 20% of the funds for USDC to secure the further development of the project in case of a spike.
Plan C:
50%-50% - Stake 50% of the funds & swap the rest for 50% USDC.
Secured market entry in case of a trend reversal.
Secured in case of a sudden drop in price in terms of: +% buy-back for a trend reversal & cover further Seasons development.
We want to make the best decisions, that is why our NFT holders will be in charge of the decision via the Voting System. Consider that the Squad Wallet yours. The better we perform, be higher the rewards.
1 NFT = 1 VOTE
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