Introduction:
Woofables is not only about creating a unique and artistic collection of dog-themed NFTs but also about giving back to the community. We are excited to introduce Woofbacks, a rewarding system designed to distribute a portion of all revenue directly to our loyal Woofables holders. In this article, we will explore the Woofbacks mechanism, its key features, and how it benefits our Woofables community members.
The Woofbacks Mechanism:
Woofbacks is a unique reward system that allocates a percentage of Woofables' revenue to its holders. Here's a breakdown of how the revenue is distributed:
75% goes to the Woofables Treasury: This portion of the revenue is utilized for funding various initiatives, supporting animal shelters, and ensuring the continuous growth of the project.
15% goes to the team/marketing wallet: This share is dedicated to supporting the team behind Woofables, covering operational costs, and funding marketing efforts to expand the project's reach.
10% is added to the Woofback Pool: This percentage is allocated to a reward pool, which is distributed equally among Woofables holders at the end of each season.
Seasons and Woofback Distribution:
Woofables operates on a seasonal basis, with a total of 10 seasons planned. At the end of each season, the Woofback Pool is distributed equally among all Woofables holders, offering them a reward for their continuous support and engagement with the project.
This seasonal approach ensures that rewards are distributed consistently, giving holders a reason to stay engaged and actively participate in the Woofables community.
Claiming Woofbacks:
To claim Woofbacks, holders must actively participate in the WoofableDAO by voting on a certain number of proposals or creating a certain amount of proposals themselves. This requirement encourages community involvement and ensures that holders are contributing to the project's growth and success.
Conclusion:
Woofbacks is a thoughtful and rewarding mechanism designed to appreciate and incentivize the loyal supporters of the Woofables project. By allocating a portion of revenue to its holders and requiring active participation in the WoofableDAO, Woofables encourages long-term commitment and fosters a strong sense of community.
Don't miss out on this amazing opportunity to be a part of the Woofables journey and enjoy the benefits of Woofbacks!