The Fortunate Few DETAILS
Overview
The Fortunate Few Collection consists of 150 NFTs with equal rarity and staking utility. New NFTs will be raffled off, with revenue from each raffle being split between staking with Gelotto’s SATH(staking as the house) The Fortunate Few Treasury, and Team.
100% of Staking rewards from SATH will be split evenly among NFT holders. (NFT treasury wallet excluded)
The community will have governance over the treasury funds, which could be used for different trading/accumulation strategy's, NFT mints, Gelotto lotteries, or GKEY purchases
Mission
To create a close knit and exclusive club. To insure this we will post raffle earnings and revenue for the community on a weekly basis. We will post links to mintscan transactions and provide as much info for the staking snapshots/Fairdrops as possible. We want this to really feel like an exclusive community club where everyone has equal status and everyone has a say on what happens within the club.
How it works
Each Week new NFT's from The Fortunate Few Collection will be raffled off. Once a raffle is finished the NFT is sent to the winner. They are now a part of the exclusive Fortunate Few Staking club.
Revenue from Raffles is distributed in the following manner:
100% of Staking Rewards from SATH will be distributed to NFT holders monthly.
All Rewards from LP’s will be swapped to OSMO and staked. 50% will get compounded monthly. 50% of Rewards distributed to holders monthly.
Specifics
There will be a 10% royalty fee when buying/selling this collection on the stargaze market place. This 10% will be put in the treasury to be used by the community via governance proposals.
NFT’s are Stackable. This means the more NFTS you own the more staking rewards you will receive. (This does not stack towards voting power)
All Fortunate few NFT’s held by the treasury wallet will not be eligible for any rewards.
A minimum of 10% revenue from future collection mints/mint raffles associated with The Fortunate Few or under the FFSC umbrella will be allocated to the FFSC Treasury.
Governance
Each NFT will be of equal rarity. What gives these NFTS their value is their staking utility. The treasury wallet will be used for what ever the community agrees on. The community is in charge and will be able to vote on what happens with the treasury funds.
Governance will work as follows:
Owning 1 or more NFT's = 1 VOTE
(Every NFT owner will have equal voting power no matter how many NFTS anyone holds)
DISCLAIMER
If the community votes to dissolve the project anytime in the future then every asset the FFSC holds will get split evenly between NFTS. So if you hold more you get more. In the case the treasury holds a future NFT the NFT will be sold and split the same way.