LAND NFT 1.0: Chapter 2
Last updated
Last updated
Of the total 10,000 LAND NFT 1.0, the first 4,000 lands (#1 ~ #4000) were named LAND NFT Chapter 1, and the rest 6,000 lands (#4001 ~ #10000) were named LAND NFT Chapter 2: Golden Compass.
As they have different functions between 4,000 lands in Chapter 1 and 6,000 lands in Chapter 2, they will be operated in different NFT earning systems.
The LAND NFT 1.0, #1 ~ #4,000, share original total-ecosystem profit. On the other hand, the LAND NFT 1.0: Chapter 2, which will be minted from #4,001, is an โinvestment-type NFTโ and will generate additional profit from FX trading along with the original profit model.
LAND NFT 1.0 #1 to #4000 - Share Total Profit
LAND NFT 1.0 #4001 to #10000 - Share Existing Total Profit + Distribute Individual Proceeds
The minting price for LAND NFT 1.0: Chapter 2 is $500.
The LCG tokens mined since the start of auto-mining for LAND NFT 1.0 have accumulated in the newly minted Chapter 2 NFTs.
The minimum requirement for creating 1 system trading account is [Chapter 2 NFT] 10EA = $5,000.
Buyers receive 70% of the profits generated from system trading after deducting server fees, excluding the earnings that return to the ecosystem, divided by 1/n.
The estimated funds from the sold-out of Chapter 2 NFTs are $500 X 6,000 = $3,000,000.
As of May 18, 2023, a total of 4,860 Chapter 2 NFTs have been minted.
The revenue model of LAND NFT 1.0: Chapter 2 consists of existing ecosystem profit and FX system trading profit.
Enhancing the project's earning system by adding an ecosystem profit source called system trading.
Using the remaining 6,000 LAND NFTs to secure funding for the project.
Increasing overall value of LAND NFT 1.0 collection by raising minting price to $500.
Increased profitability for the existing 4,000 LAND NFTs with additional profit models.
Though the minting proceeds of the LAND NFT Chapter 1 (#1 ~ #4,000) will be used as operating expenses and investments for the project, the LAND NFT Chapter 2 minting proceeds from the LAND NFTs (#4,001 ~ #10,000) will be used entirely for ecosystem profit.
The cost used for minting in Chapter 2 belongs to the team's foundation of the project, and principal loss may occur.
The LAND NFT tier in Chapter 2 is fixed to Normal, but has a differentiated design from the existing Normal NFT. (LCG mining amount is the same as the existing normal tier mining amount)
When selling LAND NFT 1.0 Chapter 2, it is recommended to trade at a price worth $500 through the NFT market. Secondary fees incurred by the trading are paid by the team. (Sending full fee to the seller)
There is no direct buyback from the team for LAND NFT Chapter 2. However, using part of the profit from the system trading project, the team may purchase and store the LAND NFT for the project.
With the end of public minting on October 31, our sale of LAND NFT 1.0: Chapter 1, has been completed.
A total of 3,652 LAND NFT 1.0 were sold.
Land Chronicle team has minted a total of 348 additional LAND NFT 1.0 (#3653 ~ #4000) and is keeping them in the wallet below. https://opensea.io/LAND-CH01-BANK
The 348 additionally minted LAND 1.0 NFTs will be sold later to fund for the project.
