Reserve Distributions
The NetVRk Reserve is the backbone of our financial ecosystem, responsible for distributing royalties and funding various endeavors within the metaverse. 50% of NetVRk's royalties go directly to the reward pools and are allocated as follows:
4.75% of sales for Land NFT owners when royalties are provided by 3rd party marketplaces.
0.25% of sales for Transport NFT owners when royalties are provided by 3rd party marketplaces.
Below is the weight distribution:
Landowner | Weight | Transport Owner | Weight |
Mega Land | 33 | Yacht | 75 |
Giant Land | 11 | Falcon | 50 |
Large Land | 5.5 | Truck | 10 |
Medium Land | 2.75 | Roadster | 5 |
Standard Land | 1 | Motorcycle | 1 |
To ensure the sustainability of the NetVRk Reserve, royalties collected from secondary market sales until December 31st, 2022 were spread out across the first five distribution dates:
First days of April, 2023: 40% on top of the quarterly rewards
First days of July, 2023: 25% on top of the quarterly rewards
First days of October, 2023: 15% on top of the quarterly rewards
First days of January, 2024: 10% on top of the quarterly rewards
First days of April, 2024: 10% on top of the quarterly rewards
This approach allows for a gradual influx of royalties while also protecting the Reserve's long-term stability.
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