Update on the mechanics for how our rewards pool will work.
For strategy tokens, 1% of all trading volume goes to a wallet we own as a “protocol fee”. We want to give that back to collectors.
It’s based on 4 things that I think are important:
- What you collect matters (badges based on NFTs)
- Rarity matters (multipliers for collecting grails)
- Alignment matters (additional multiplier for
$VIBESTR badges)
- Tenure matters (additional multiplier for time held)
Rewards are tied to eco health/activity. Based on your participation in GVC via badges (collecting, holding, & vibing).
Since VIBESTR launched we’ve added to the rewards pool, including Punk 2457 from the opening of Node.
We didn’t launch a native token and airdrop a bunch of it to ourselves. We decided to market buy it alongside our community. Through the ups and downs of the market, one thing that remains important is giving back.
TLDR: we’re not afraid of setting longterm goals for building something lasting. Same thinking we had when sending years making a collection we’re proud of. Now, we’re building an ecosystem that we’re proud of. And it’s only possible because of the people who contribute in all the ways they do, reflective in the mechanics here.
Like everything we try to be thoughtful with the mechanics to ensure it creates a healthy setup on the eco, while keeping the main thing, the main thing. NFTs.
Vibes are inevitable. 6⃣9⃣