Summary
On Sunday 24th of August at 7PM CET, the second series of the CWT will be ready for mint on COTI Blockchain.
You can buy them on COTI Blockchain directly for 280 $COTI or on any blockchain featuring BabyTuru tokens with $BBT following the instruction in this blog.
Reward payout to holders of the NFT is approximately monthly.
Click the picture below for the minting link…
In this blog we discuss the following points and FAQ’s:
- What is CWT and how does it work?
- Nominal value.
- Sales price of a new serie.
- Secondary market.
- How are the rewards distributed?
- What are contributor NFT’s
- What type of NFT’s are there?
- Where can I buy the CWT V2 NFT’s
What is CWT?
CWT stands for Community World Tour and it is a project by the BabyTuru community for the community. It consists of NFT’s with graphics either created by the community or owned by the community (contributors).
90% of the revenue generated by the sales of the NFT’s goes into the CWT treasury on COTI blockchain, earning consistent passive income for the project.
47.5% of the passive income is distributed on a regular base to NFT holders , 5% goes to the contributors and 47.5% is reinvested back into the treasury.
The target is to optimize returns and move towards a DAO structure in time.
After sell out of serie, we will use some time to accumulate more rewards, after which a new serie with a higher selling price (approx 110% of current nominal value) will be put up for minting.
Nominal Value
The ownership of the Treasury is spread proportionally over the holders of the CWT NFTs. On a regular base the nominal value (Treasury value per NFT) is published.
In the latest example, there is 22 700 $COTI plus 9 300 $gCOTI (valued 1860 $COTI) in the treasury. This makes a total value in the treasury of 24 560 $COTI. Which means with a supply of 100 NFT’s, a nominal value of 245.6 $COTI per NFT.
Also we have already paid out 2 $COTI to NFT holders, so the ROI (return of investment) for NFT holders has almost been reached.
Sales price of a new serie
The sales price of a new series takes two key factors into consideration:
– It needs to cover 10% costs for TuruGlobal for development and mint of the series.
– It cannot dilute the price of the existing CWT NFT holders.
Considering it takes about 2 months to sell out a collection the contribution of the new series sales to the treasury should be at least 250 $COTI with a 10% cost coverage for TuruGlobal, that would lead to a minimum sales price of 277.7 $COTI.
Just like Series 1, the Series 2 will be listed on Crafter for probably 280 $COTI each.
Secondary Market
Crafter is developing a marketplace to establish a secondary market for NFT’s. There it will be possible to list the CWT NFT’s and the contributor NFT’s for selling them against market price or above..
How are the rewards distributed?
Until we have a nominal value of below 500 $COTI, we will distribute the rewards whenever 1 $COTI payout to NFT holders can be assured. No effort needed from NFT holders, the rewards appear automatically in the wallet holding the NFT’s.
What are contributor NFT’s?
Unlike the CWT NFT’s, the contributor NFT’s have no governance power and hold no claim to any portion of the treasury. They will receive 10% of the rewards shared to CWT holders, proportionally to the amount of contributor NFT’s they hold..
There are four ways to earn contributor NFT’s:
1. By contributing with graphics to the CWT NFT collections. For every contribution done, you will receive 1 contributor NFT.
2. By holding a Single Mint NFT on Tron blockchain which has been featured in the CWT collection under subcollection HODL
3. By being a Millionaire Club member for BabyTuru on any blockchain and being featured in the CWT collection under subcollection MC
4. By being a team member of BabyTuru and being featured in the CWT collection under subcollection team.
If you belong to category 2, 3 or 4, please clearly inform us about your corresponding EVM wallet address to send your Contributor NFT to.
As CWT NFT’s, the contributor NFT’s will also be available for sales on the secondary market once the marketplace is ready.
What type of NFT’s are there?
There are several subcollections in the CWT NFT series. We have artificial intelligence created graphics either as stand alone or as series…
Like the Outback Irwin series.
We have Millionaire Club and Single Mints series, hand drawnby our designer. These are indicated with the HODL sign.
Then we have either the Millionaire Club or Team NFT’s, honoring early team members or Millionaire Club members.
Where can I buy the NFT’s?
You can buy the NFT’s at the Crafter NFT platform on COTI, paying with $COTI tokens: Crafter.
Or you can buy them using $USDC tokens on another Blockchain EVM blockchain or $BBT on Tron by sending the funds to our purchase wallet in the following manner. Please give us a headsup in our Telegram channel:
https://t.me/babyturu
When done!
In case of USDC on any EVM blockchain:
Send the 12,5 $USDC to the following wallet: 0xae2a7D9f0A890cB71D753DE05986E6A0D20c9b52.
We will mint an NFT in your name and send it to the wallet from which the BBT arrived. We will also send 1 $COTI to cover any future gas fees.
The following chains are available for this managed swap:
Polygon, Binance SC, Arbitrum, Base, Ethereum & Bittorrent
In case of BBT on Tron:
Send the 24k $BBT to the following wallet:
TDMAvFXFvGF882F62L5oZuAkEFGfrhXpF9.
Clearly indicate in the transaction notes your address of your EVM wallet.
We will mint an NFT in your name and send it to indicated wallet. We will also send 1 $COTI to cover any future gas fees.
