Scott ‘Kap’ Kapun, founder of Arsenal NFT, is pleased to announce the development of an all-new community-centered NFT ecosystem, aimed at generating passive income for its token holders. NO staking. NO fancy APY’s. Just Hold and Earn. It's that simple.
Kapun founded Arsenal NFT with three simple goals in mind. The first was to develop crypto’s first and only ecosystem that creates a ‘perpetual revenue stream for all holders of ANFT’. The second was to create a project that the community could trust. The project's value, integrity and its ability to give back to the community are of the utmost importance to him. The third was to build a project that distributes revenue to token holders in USDC.e thus making profits for token holders immune to price fluctuations from its native token, ANFT. Additionally, the company creates community driven NFT’s which are distributed freely and randomly to all if its token holders as often as WAR Chest funds allow. Via Its Snapshot.org page, The community decides what the ecosystem will entail, thereby giving all token holders a valid say in project direction.
The Arsenal NFT ecosystem uses a bonding system that is found in most decentralized reserve currency platforms. This mechanism offers shareholders Arsenal NFT tokens at a premium in exchange for USDC.e on its dAPP.
Enter the War Chest. This vessel houses community funds appropriated via the bonding app. War Chest funds will be utilized for the creation of all community-selected artist NFTs, and assets in it, based on community voting. Funds will also be used to expand the presence of Arsenal NFT’s native token across other blockchains too in building NFT and Non-NFT centered DeFi applications.
Arsenal NFT takes pride in listening to its community’s innovative ideas for the type of NFTs they would like to see created as well as community suggested applications. All NFT creation is community chosen. No longer will the community be relegated to accepting what is offered but rather now have a full say in what they wish to see created. All feedback and discussions take place on its exclusive Discord channel.
After the gathering of ideas, the community will vote for the specific topic at hand. Once the vote has passed, the agreed upon projects or NFTs will be created and brought to fruition.
The Spoils of War. This contract contains 100% of the profits generated from all of its community built applications. Profits will be distributed in USDC.e amongst ALL holders of ANFT based on their average percentage of ANFT holdings over a 30 day period. This key part of the ecosystem is the element that drives its passive income ecosystem for all of its token holders.
“The more ANFT you HOLD the more you earn,” said Kapun. “Not only is ANFT a governance token but it also acts as an IOU that correlates directly with the amount of profits that a holder is owed.”
For more information about Arsenal NFT, and how to get involved with the project, please visit the official Arsenal NFT Discord channel at anftdao.org/discord
About Scott ‘Kap’ Kapun
Scott ‘Kap’ Kapun is the creator, owner and project lead at Arsenal NFT. He has over eight years experience in network engineering and over a decade in cryptocurrencies. His goal is to change the way Crypto/Defi projects interact with their communities while providing the tools and groundwork for all who participate to earn passive income from the Arsenal NFT Ecosystem. For more information regarding the project, as well as access to their social media channels, please visit https://arsenalnft.org/