When starting @FortuneRonin as a community collection on Ronin Network, I wanted us to cover as many corners as possible because it’s hard to build anything in this space without heavy criticism.
Mint price was 10 RON (5000 collection)
All RON was staked (45,000 because of Mavis Market 5% fee)
Weekly Raffle rewards to the community came from staking rewards.
A portion of marketplace trading fees is all the team collects but even part of that gets added to the staking pool and distributed to large holders (25+).
With this, all NFTs hold their mint price decently, since they’re tied to the RON staked. For some reason if they don’t, I’m happy to buy them underpriced. If this project was to go to absolute shambles, I’d buy out the entire collection, take the staked RON and shut it down.
This is mostly to protect the reputation of the team because it only takes one bad move to have everything crumble.
Should teams be cornered to build in this matter? Hell no, it stunts growth. @FortuneRonin is growing, albeit at snails pace, but growing. Last I checked were at almost 47,000 RON now, have distributed over 3000 RON to our community and executed a few floor sweeps from bonus funds we’ve been able to earn.
All this to emphasize that it’s tough to be a builder. Takes commitment, time, energy and capital that you often lose in the end. I’m glad we’re at ‘community-size’ because anything more than that requires exponentially more of everything.
To cheers to the builders dreaming big and aiming high 🥂I wouldn’t want to be in your shoes but I respect you heavily for it.
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