STRONGBLOCK NaaS
In the first instance, 60% of sales revenue will be used to purchase and run Strong
nodes via the Strongblock NaaS. These nodes will become the funding source for the
project moving forward.
At current, a Strong node requires 10.0 $STRNGR
tokens to procure, and in turn rewards a target of 0.1 $STRNGR tokens per
day.
Nodes therefore provide a return of approximately 30% of the initial
investment per calendar month, paying for themselves in just over 3
months.
$STRNGR tokens are ERC20 tokens which are bought and sold on the
Ethereum network, and as such can be swapped to and from Ether.
By
investing a large portion of the initial sales revenue into this system, we will provide
the project with a revenue stream with which to fund itself moving
forward.
It is worth mentioning however, that as with any cryptocurrency,
there is a risk of price-fluctuation and this will effect the value generated by the
projects nodes.
We would urge our members to visit the Strongblock
project website to understand how the NaaS service works, and how it generates
rewards for node holders.
COMMUNITY CURATED COLLECTION
The community curated collection will begin immediately after all membership tokens have
sold out.
In the first instance, 15% of sales revenue (112.5E at sell-out)
will be used to begin the collection. These initial buys will typically consist of
high-confidence projects where future growth is envisioned, and will be put to the
community vote to ascertain where the funds should be invested.
Following
initial start-up the collection will be added to monthly, as revenue is collected from
our NaaS investments, and these will once again be voted on by the
community.
There will be opportunities on a monthly basis for members of the
community to suggest and upvote emerging artists works to be purchased by the project,
providing these works fit within the morals and standards of the wider
community.
Opportunities to vote will always be provided to all holders of a
Synergy membership token via the official discord server, and this will include any
intentions to liquidate from the collection, or use a piece for competition / giveaway
purposes.
TOKEN BUY-BACK
At intervals which will be determined by the value of the community wallet, buy-back events
will be triggered.
During these events, a portion of the community wallet will be used
to fund the contract, to provide an opportunity for members to burn their token in exchange
for a pre-set value of Ether.
Once a token is burned it cannot be
re-claimed, and as such the total circulating supply of membership tokens will
decrease.
These events will always be capped so as to ensure there are
sufficient funds to provide an attractive buy-out price.
The first opportunity to
buy-out will be given when the first monthly revenue stream is paid into the community
wallet, and will be capped at a total burn supply of 1,000 tokens (10%) for a buy-out price
of 0.15 Ether (double the mint price).
Buy-back events will be on a first come
first serve basis, and always be preceded by a 1 week warning. They will last 72hours or
until the maximum burn supply has been reached.
