Profit sharing model / Tokenomics
Now let's see how the profit-sharing model of the Rabid ecosystem is designed. One of the great advantages of having a DAO is that, without an intermediary, all the profit is allocated to its treasury and consequently distributed to the community.
So, as mentioned before, for every bet lost by users, funds will be distributed between the Rabid NFT holders (60%), depending on their rarity, and to help social causes (40%), including supporting extreme sports athletes and non-governmental organizations (NGOs) with donations.
The athletes will also be able to have passive income, by creating their own NFTs, and receiving 30% of the pre-sale value and 2% royalty for each subsequent sale, giving them more rights and independence from sponsorships.
Also, each athlete receives the Foil NFT from their collection, which will have just a single unit, making it even more unique.
How is this possible?
This distribution is done instantly like market fees, the smart contracts that are made first, and the profit Tokens are distributed to two portfolios.
One of the portfolios will be associated with Social Projects in which the Holders of the currency have voting power, where, what, and for whom interventions will be made. And another wallet that will receive 60% of that same amount will be distributed to the NFT's Holder's wallets. - The sustainability of the platform and the currency itself is both on the betting site and on the Exchange which allows making this distribution.
We (Team developing RaBid DAO) know that it is a very ambitious project. to have decentralization and make all this possible, we know that without the blockchain technology it would hardly be possible to put a system like this, we not only want to be the first but also educate in the sense that there are tools and decisions that can change the lives of many, and we want to help build that.
Last updated