Your calculations are completely wrong, you didnāt consider several factors, such as the fact that the First aid kits were all sold.
does that make it better or worse? i used the first aid kit to total up my 4.
Itās bad because the pool will be much smaller than Johan calculated
Part of the issue is that nowhere did it state in the rules that one person could buy in on multiple sets. Iām sure it would have changed a lot of peopleās minds if they had known that.
That leads someone to believe whoever bought all those sets had to know for sure somehow that it was allowed and that it would work, otherwise why risk $50K? So whoever it was had more info than us public didā¦
when the rewards will be distributed?
usually 1-2 weeks, but I keep monitoring their notion, when the distribution date appears usually the rewards will start to be distributed
I have NFT Vehicle Car. bought it about 2 months ago
When will I get the reward?
Hello! Sharing my conversation with @Johan for transparency on this SIP. Some community inquiries are addressed in his message below.
@Johan, Iāll let you respond to any additional questions.
We have indicated on numerous occasions on the forums that the pricepool bonus would be for people with 3 different NFTs and 4 different NFTs, not 5 as indicated in the SIP.
The distribution of these two pricepools will be as follows:
Time 1: Calculation of the number of triplets (A) and quadrulettes (B) existing in all participantsā wallets.
Time 2: Distribution of rewards to the wallets on the following criteria: Nb of triplets owned x 40 000 / A and Nb of quadruplets owned x 40 000 / B.
On the second point. I told you from the start that our aim was to raise as much money as possible for the Red Cross and that if NFT sales werenāt at the expected level, weād buy NFTs ourselves so that the amount donated to the association would be higher.
So a few days before closing, we bought 162 NFT in 4 collections, knowing two things: we wouldnāt lose any money because the price pool would cover our investment, but also that all the other buyers wouldnāt lose any money because their investment would also be covered by the price pool, especially if they bet on the 3NFT and 4NFT bonuses.
As I mentioned, we recoup 30% of NFT sales, which was to cover the costs of producing the experiences, investing in communication (influencer campaign), NFT management, animation, advice and training for the Red Cross teams. With the decline in the NFT market and the collapse of Sand, weāll never cover our costs.
Thank you @Geraldine for seeking this out.
@Johan , Iām sorry to hear that you donāt project recovering your costs. Iāve been there myself as a studio owner. Thanks for giving insight into the difficulty with NFT sales and the action you took to recover.