🔥Royalties and the Burn
Building the Fund, and Reducing the Supply
The TeenDACC NFT will have a 10% secondary market royalty fee.
For the first year after TeenDACC is listed on secondary markets the team will run a vigorous buy-back-and-burn campaign to reduce the supply of TeenDACC.
Every week, for one year, the team will use 100% of the royalty fees generated by secondary market sales, as well as 10% of the interest generated by the investment fund, to do BB&B for TeenDACC to reduce its total supply. TeenDACC will be bought from the secondary markets, and permanently burned. Permanently reducing the total token supply.
After the one-year BB&B period has ended the royalties will be shifted, 50% of royalties will be permanently sent into the investment vault, and the other 50% of royalties will go to the team. After the one-year BB&B period has ended the 10% portion of interest will also be shifted, 5% will be permanently sent back into the investment vault to be compounded, and the other 5% will become an investment vault management fee.
Through these two sources of revenue, 50% of royalty fees, and 5% of the interest, the investment vault will continue to grow forever.
The OG DACC Isolation Program
The team has created a mechanism to reduce the total supply of the OG DACCs, called the Isolation Wallet (ISO wallet for short). The team currently receives 25% of the secondary market royalties for DACC and has agreed to use these royalties to buy DACC off the secondary markets and send them to the ISO wallet. The goal is that eventually, those DACC will no longer be able to receive any further royalties, they will not be able to be bought or sold on any markets, and they will not be able to be staked. Once in ISO, those DACC are effectively dead NFTs. After a community vote, we have decided that the DACC in the ISO wallet will continue to receive royalties until the ISO wallet becomes the single largest DACC holder, at which time the royalties it receives will be returned each week to the royalty wallet.
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