Hey there! So, I wanted to give you a quick rundown of the adjustments we’ve made to our profit-sharing and rewards system based on suggestions from our community. The main goal behind these changes is to protect the integrity and valuation of our collection. Here’s the new structure: executives now have 300 NFTs, managers have 100 NFTs, and we’ve reduced the number of NFTs for operating officers. Now, there’s a total of 4,400 NFTs available, priced at 0.3 each. The distribution of rewards has also shifted, with officers receiving the highest percentage.
Let’s dive into an example to make this clearer. If we net one million dollars in profits, 90% goes to the NFT holders and 10% is allocated for maintenance and upkeep. Executives receive 20% of the rewards, which amounts to $180,000. Managers get 30% or $270,000, while officers now receive 50% or $450,000, which is shared among the largest pool of NFT holders – a total of 3,000 holders. Each holder receives $150 per NFT. In addition to the profit-sharing, there are exclusive benefits and perks for each group, such as second access to phase two development, voting rights, and ownership of NFTs.
Adjustments to Profit-Sharing and Rewards System Based on Community Suggestions
Introduction
In response to valuable suggestions from our community members in the Metropolitan Telegram chat, we have made some adjustments to the profit-sharing and rewards system. The goal of these adjustments is to protect the overall collection and ensure the integrity and valuation of our project. In this article, we will discuss the new structure and allocation of NFTs, the change in percentage distribution of rewards, and the impact of these adjustments on the collection.
New Structure and Allocation of NFTs
The new structure includes 300 NFTs for executives, 100 NFTs for managers, and a reduced number of NFTs for operating officers. Previously, there were 50 NFTs allocated to executives, but based on the adjustments, this number remains the same. The distribution of NFTs for managers and officers also remains the same, with 100 NFTs for managers and a reduced number for officers. The total number of NFTs is now 4,400, and the price per NFT is set at 0.3.
Change in Percentage Distribution of Rewards
Additionally, we have made changes to the percentage distribution of rewards. Previously, executives received 50% of the rewards, managers received 30%, and officers received 20%. However, based on community feedback, we have revised these percentages. Now, executives receive 20% of the rewards, managers receive 30%, and officers receive 50%. This change ensures a more equitable distribution of rewards based on the number of NFT holders in each group.
Example of Profit Distribution
To better understand the impact of these adjustments, let’s consider an example of netting one million dollars in profits. In this scenario, 90% of the profits, amounting to $900,000, go to the NFT holders, while the remaining 10% is allocated for maintenance and upkeep.
As per the revised percentage distribution, executives receive 20% of the rewards, which equals $180,000. Managers receive 30% of the rewards, amounting to $270,000. The major change is that officers now receive 50% of the rewards, which totals $450,000. This amount is shared among the largest pool of NFT holders, which consists of 3,000 holders. Each NFT holder in this group receives $150 per NFT.
Rewards for Executives
With the adjustments, executives now receive 20% of the rewards. This change recognizes the importance of their role and the value they bring to the project. The value of rewards for executives, based on the example given, is $180,000. This portion of the rewards serves as a token of appreciation for their contributions and dedication.
Rewards for Managers
Managers play a crucial role in the success of the project, and their efforts should be duly rewarded. With the revised system, managers receive 30% of the rewards. In the example mentioned earlier, this percentage equates to $270,000. The value of rewards for managers reflects their responsibilities and the impact they have on the overall project.
Rewards for Officers
The major change in the adjustments is the increase in rewards for officers. Officers now receive 50% of the rewards, recognizing their importance and the significant number of NFT holders in this group. As mentioned in the example, officers receive $450,000, which is divided among the 3,000 holders in this category. This change ensures that officers receive a fair share of the rewards and acknowledges their contributions.
Allocation of Profits in the Metropolitan Project
To further understand how profits are allocated among different groups, let’s discuss the Metropolitan Project. The Metropolitan Project focuses on business license NFTs and encompasses various revenue streams within the metaverse. The profits generated from this project are shared among executives, managers, and officers, based on the new percentage distribution.
Impact of NFT Holder Pool Size
The adjustment in rewards distribution takes into account the number of NFT holders in each group. By allocating a higher percentage to officers, who have the largest pool of NFT holders, we ensure that a significant number of participants are rewarded. This change aims to benefit a wider range of community members and inspire continued engagement and support.
Utilizing NFTs for Events and Profits
One of the exciting prospects of the Metropolitan Project is the utilization of NFTs for events and generating profits. A plan has been developed to bring in an artist with a large fan base into the metaverse and charge tickets in the form of NFTs. By doing so, we create additional revenue streams and provide opportunities for NFT holders to benefit from these events.
Revenue Streams in the Metaverse
Apart from events, there are other revenue streams within the metaverse. Rental income and other events can contribute to the overall profits generated. These additional revenue streams ensure a diverse and sustainable source of income for the project. The balancing of rewards among executives, managers, and officers reflects the importance of these revenue streams and the contribution of each group.
Exclusive Benefits for Each Group
In addition to the financial rewards, each group, including executives, managers, and officers, receives exclusive benefits and perks. These benefits may include second access to phase two development, voting rights, and ownership of NFTs. These exclusive benefits aim to foster a sense of belonging and enhance the overall experience for each group.
Conclusion
In conclusion, the adjustments made to the profit-sharing and rewards system based on community suggestions emphasize our commitment to protecting the integrity and valuation of the collection. The new structure and allocation of NFTs, as well as the revised percentage distribution of rewards, ensure a fair and equitable system. The Metropolitan Project provides opportunities for revenue generation and engagement within the metaverse. The impact of these adjustments and the exclusive benefits offered to each group further enhance the overall experience for our community members. We value and appreciate the feedback of our community and will continue to listen and adapt to ensure the success of our project.