🖼️Everbuild NFT

EVERBUILD NFT (ECT)?

The Everbuild NFT or ECT (Everbuild Commission Token) is a Non-Fungible Token used for keeping track of the commission and the owner’s stake in the Everbuild platform. Each ECT will represent a share in the Everbuild commission pool. Think of them like shares in a business. Each ECT holds equal weight in value. For example, let us say there are 100 ECTs in circulation; holding 1 ECT gives you a 1% stake in the monthly commission payment from Everbuild. Everbuild commissions will be paid monthly to ECT holders and will be trackable from the Everburn Web 3.0 dashboard.

HOW DO EVERBURN HOLDERS GET EVERBUILD ECTs?

The Everburn DAO will mint 1400 ECTs (Everbuild Commission Tokens). Seven hundred (700) are reserved privately for the Everbuild operations team and 700 for public Everburn holders. Out of the 700 public ECTs, three hundred fifty (350) of them will be airdrop claimable to current Everburn holders based on their holding size. We will take an unannounced snapshot and base the airdrop on the holdings at that time. Another 350 ECTs will go up for sale and be purchasable only by the Everburn Token ($EVB). One hundred percent (100%) of all EVB collected from ECT sales will be instantly burned forever. Each non-airdropped ECT will be on sale for X (TBC) EVB. If that sale amount, is say 200k EVB, this will then burn a further 70m, incentivising long term EVB holders and catalysing scarcity of the token. Every time an ECT is minted, either from a claimed airdrop or by buying it via the dashboard, an additional paired NFT will be minted simultaneously and sent to the Everburn deployer account. ECT holders are, in essence, 50% silent partners of the Everbuild Marketplace. The Everbuild Operations team handles all of the overhead, marketing, and expenses of the Everbuild platform. Sending 1 ECT to the Everburn deployer account every time an ECT is minted by airdrop or bought on the dashboard, keeps the ratio 50/50 as more ECTs come into circulation. All revenue (100%) that Everbuild generates gets sent to ECT holders by selling collected cryptocurrency profits into Everburn tokens and then distributing them accordingly to ECT owners each month. Here is an example of how this will work. Let us say 100 ECTs are claimed via airdrop. This means that there will be 200 NFTs in circulation since both the EVB team and the ECTs in circulation are equal. For every NFT minted, the Everbuild Operation team will also receive an ECT, keeping the ratio of distribution 50/50. This allows the site's revenue to inject trade volume into the Everburn Token