Our CryptoBear Watch Club tokens are called $arkouda. $arkouda tokens are to be issued monthly to all NFT holders based on the rarity of each NFT held. In order to receive the tokens royalties, the NFT cannot be listed on any exchange within 30 days of monthly token issuance. This applies to both minters and second hand buyers. This will help ensure the long-term value for community members, helps us build a metaverse experience nobody can rival, and disincentivizes short term flippers from taking over the community we’re working so hard to build.

The total amount of $arkouda tokens issued per month is a function of the amount of NFTs NOT listed: if no NFTs are listed then a total of 2 million tokens will be issued, if half of the NFTs are listed — 5,000 NFTs — then a total of 1 million tokens will be issued. Put simply, #NFTs listed go up, total $arkouda issuance go down.

The amount of monthly $arkouda issued to you is based on the rarity of each NFT that you own. The rarity of each NFT is determined by its “Tier”, of which there are three. The Tier is randomly assigned at the time of minting. There are 500 Tier 1 NFTs, 2,500 Tier 2 NFTs, and 7,000 Tier 3 NFTs.

The monthly $arkouda payout to NFT HODLers is as follows: Tier 1 NFTs receive 1000 $arkouda per month, Tier 2 NFTs receive 300 $arkouda per month, Tier 3 NFTs receive 100 $arkouda per month.

How to reap the rewards of the kingdom.

Let’s say you decide to mint 4 NFTs (more is better in our opinion, but then again we’re biased). The first NFT you hold (regardless of Tier) allows you access to the private Discord channel and all associated pieces of the project. Let’s say that in this case it’s a Tier 1. You would also automatically receive 1,000 $arkouda tokens every month to your wallet, and each additional NFT earns its own monthly payout as well.

Let’s say you also hold a Tier 2 (300 $arkouda), a Tier 3 (100 $arkouda), and another Tier 1 (1000 $arkouda) — you would be issued 2400 $arkouda a month, provided you don’t list your NFTs. Once the tokens are in your wallet, they are yours forever, regardless of whether or not you still own the NFT. However, the monthly $arkouda payout will only apply to each NFT that is not listed on an exchange.

The bear honeypot gets even sweeter.

The $arkouda tokens can be redeemed for the rarest luxury watches in the market today, which we will purchase from our exclusive partners using 70% of the secondary sale royalties .

The watches purchased in a month will be priced in $arkouda for members to redeem such that all $arkouda tokens issued in the month can redeem all watches purchased in that month.

In addition, NFT HODLers will also earn royalties on all CryptoBear Watch Club NFT sales on the secondary market — whether or not you are the seller. Every secondary sale benefits the community, with 30% of the royalties going directly back to the community. Meaning Bears get rewarded for HODLing their NFT and from secondary sales.

Here’s how our kingdom will grow.

The royalties from the mint will go towards the development of the overall community, the metaverse experience and game, and the art that will define our kingdom.

We will also reward our long term stakeholders, regardless of the quantity of NFTs that they hold, there will be plenty of opportunities to earn additional tokens. The more ways to earn tokens, the better. We believe engagement should be rewarded, and, by allocating a portion of the token supply towards different community initiatives, we will reward contributors that help us build our kingdom — with their expertise, passion, and network.

Mint Details: