FIVE is the token of the NFT5 ecosystem:
FIVE will help all investors and staff of NFT5 together orient and develop the NFT5 ecosystem FIVE token is the "stock" of NFT5 With a total supply of 100,000,000 tokens, FIVE will have the role of:
Reward NFT holders from the project.
Participate in governance of the NFT5 ecosystem through a decentralized governance model.
Get profit with NFT5 like a true "shareholder" when holding FIVE token.
FIVE token information:
Token name: Five Token
Blockchain: BNB Chain
Token Standard: BEP-20
Token Type: Governance
Total supply: 100,000,000.
Max Supply: 100,000,000.
Benefits of owning FIVE tokens:
1. How to own FIVE token is extremely easy
FIVE tokens will be given away every month to all investors who own NFT of the project. The most efficient and secure way to own FIVE tokens is through owning NFT5 NFTs.
2. SOwn FIVE token to get profit with NFT5
When owning FIVE tokens, each investor is entitled to receive profits with NFT5. Specifically, the revenue for the current project comes from 2 sources:
1% Transaction fee collected by NFT sellers in the secondary market
3% Issuing Fee collected from Creators for each successful NFT issuance project
These two revenues will be distributed as follows:
30% pay for NFT5 platform operating fee
70% sent to Profit Sharing Wallet, this wallet will have the role of paying profits for all FIVE token holders, adding liquidity to the liquidity pool, etc.
3. Own FIVE token to build NFT5
With an ecosystem model revolving around the FIVE token. Each investor who owns FIVE will be able to contribute his opinion to the whole community and make changes to NFT5 together through a decentralized governance model.
Paying FIVE tokens to investors
The following formula:
F = N * X * E
F = Amount of FIVE tokens received each month
N = Amount of NFTs you own for that project
X = Original price of NFT - Distributed profit (Until the n th months X = 0then you cannot receive any more FIVE tokens.)
Bonus coefficient E = 5% (FIVE/BUSD/month)
In addition, in the first year,Incentive Wallet wallet will pay twice the amount of FIVE tokens to investors (E = 10%) until 1,000,000 FIVE tokens runs out.
You can find out more details here: https://docs.nft5.io/v/en/tokenomics