How will it work>?
Each pass purchased is 1. 5 or 10 Shares - As more are purchased there will be more shares and more funds in the vault however each share initially will all retain the same base value of 0.1 ETH until profits have been made. Each share is One vote also for community descisions e.g. to buy or to sell an NFT. GEN.0 Holders have the first oppertunity to join the NMC Bank vault before its opened out to anyone interested.
100% Of Funds from each share pass mint goes into the vault there will be zero dev fee taken on deposits and a small one taken on realised profit gains only. 5% Of ALL Realised profits from the NMC Bank vault will be distributed to GEN.0 Holders. Once a fortnight there will be an update on how many passes are in circulation, and the value of th vault if the assets were liquidated VS Share value price. We ill also always aim to have a live offer on the share passes to provide fast liqudity - although a better offer could likely be achieved on marketplaces. *Multiple offers ranging 70-80% value always This is an oppertunity to own shares of all the top blue chip projects, and also have a say in which projects the vault will be buying. - Dividiends will be dispursed over time of profits and gains. Once a quarter the price of share passes will be ajusted in line with the bank vault holdings. E.G if there are 800 shares but there is now 120 ETH Value in the vault each share will now have a value of 0.15 ETH and therefore be adjusted from the mint cost... If there were 450 shares and now 55 ETH in the vault of value, tthen each pass would then be valued at just over 0.12 ETH... A huge benefit to this it will give users the ability to not only manage their NFT investment in a smart accumilated manner but to also allow them to pay in weekly / monthly and build up their personal percentage share of the vault and ownership - whilst resting assured its in solid blue chip projects and easy liquidty exit any time if nessesary - along with hopeful healthy share payments in the future. Let me remind you when ETH was nearly $5k Moonbirds had a floor price of over $160.000. This is an 8x from current pice and they have much more coming from Proof Collective. We truely can all build something special and watch our cumulative wealth and shares grow! Step-1 Of NFT PAWNSHOP will be introduced for intial holders only of both GEN 0 And NMC bank where healthy low interest friendly loans are offered with Reputable NFTs taken as collateral - Including your NMC Bank shares! as and when needed. Once a quarter the vault will be assessed and votes put to what should happen with each NFT / currency in the vault - Depending on the type of vote it will be 1-7 days vote before we go with the majority. If its minor such as a buy - 24 hours, sell - 48 hours, major changes upto 7 days. If there is enough shares purchased and liquidity in the vault, some large profits can be made - if there is available funds to not only buy and hold prestige blue chips but also lay under floor offers on many collections including blue chips to instantly resell and line the vault! We are almost ready to get this rolling, we will just finalise some SharePass Artwork for the NFT and gauge initial interest to see where we can get the vault moving! Ideally atleast funded to purchase a moonbird and then some! - This truely has good potential to prevent everyone involved from losing as much money in NFTs as we all have been and also start to see some gains - on the longer term these should be phenomenal inside the right projects.
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