Quote:
Originally Posted by rickroll
i still don't get how this works, how does the training site get incentivized to continue offering training after a certain point
assuming nobody sells and they don't get 2% of those sales, with no new income coming in why would they continue offering training?
even if people are selling, 2% of 1k is not enough to keep the lights on
has this been discussed, bringing in additional membership/class fees going forward?
if they stop the training then will the nft still hold any value?
Royalties on the Pocket Snails project is 5% - for the first three months (currently in month 2) they are giving that back out to holders via a variety of revenue sharing.
Moving past that, they have agreed a deal with Stake Kings where any Pocket Snail holder who lists action thru stake Kings (currently a growing list of Pros including Apestyles, Beiruzy, Arlie Shaban), Stake Kings give 2% of the stake bought back to Pocket Snails (comes out of their take, not the player or staker).
There'a also some other sponsorship deals in the works, because as you say, this project is different and most likely won't have a high volume, so it's not possible to rely on that for revenue.
Valid question though, and something that is always worth considering when you look at buying into a project. There are for sure some project who's numbers don't add up. They are ones to avoid.
EDIT: also, FWIW, the Apestyles seminars that Pocket Snail holders have access to are the same ones he does for BBZ, so those seminars go on if the project fails or not. BBZ is a holder too.