Reserve Distributions
Last updated
Last updated
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:
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.
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