Introduction
It is important to acknowledge that fundraising is crucial for organizational growth and there’s a need to elaborate strong, innovative, and creative ways for it to success. This Forum Post highlights the proposal of a potential investment in INCA through the sales of the digital representation of 3Nodes under the form of Non-Fungible Token (“NFT”) - ThreeFold Heart
ThreeFold Heart
ThreeFold Heart (“TFH”) is the digital representation of the physical 3Node in the form of NFT designed by international artist/s. Each TFT will be unique in shape, size, and color. Holders are rewarded with TFTs equivalent to the corresponding Return on Investment (“ROI”) in INCA. 1 INCA generates 0.15 TFT per month for 60 months (5 years).
This proposal drives TFH as the NFT workload to be launched on the ThreeFold Grid with the following purpose:
Purpose of TFH
Contribute to the expansion of the ThreeFold Grid with a decentralized funding mechanism/effort with the involvement of ThreeFold Community
TFH - Lock & Stake
When TFH is purchased, it will be automatically locked for a period of 1 year (12 months, starting date of purchase) and vested for 1 year (12 months) inside the DAO treasury where the investor/holder will receive automatic voting rights according to the investment in TFH.
This will ensure that ThreeFold has the time to implement the right marketplace, bridges, and metaverse to exchange smoothly the NFT and the investors to receive enough rewards.
TFH - Pricing
Please note that the first four generations will be the sales priority.
Sales of TFH
The sales of TFH will be made in USDC, which won’t trigger too much the supply of the TFT on the market.
Distribution of TFH proceed
The design of the TFH will bring fundamental value to the asset. 25% will be allocated to the artist/s accordingly and 75% for the investment in INCA.
TFH reward
TFT Reward - Stake and Yield
Corresponding Investment in INCA
Corresponding contribution to Artist/s
Schema
Document
The link to the above calculator here.
Revenue Received (Proceed) and Royalties
Royalties will be included in the smart contract.
The proceed distributed from the Bloom:
When the TFH is sold for the first time (as stated above):
- 25% will go to the artist
- 75% will go for investment in INCA
When the TFH is exchanged several times (>1):
- 5% will go to artists
- 2.5% will go to ThreeFold Foundation or DAO Treasury
- 92.5% will go to the seller.