Airdrops, NFT Farming, Governance and Community
Nearly half of our token, $VINYL, was sold to our community during our pre-sales, and most of the rest is allocated for Airdrops! Currently the two methods of acquiring more $VINYL are picking it up on uniswap, or being eligible for airdrops.
Did you say Airdrops?
Yes! We are going to be airdropping 30% of the unburned $VINYL supply over 4 years! This comes to 2500 $VINYL at the start of every month beginning July 2021 and ending June 2025.
Who is eligible for $VINYL airdrops?
These tokens will be airdropped equally to all holders of NFT FM NFTs. Each NFT represents a percentage of the tokens to be received. So holding multiple NFTs = more airdrop!
Governance and Proposals
Our governance board is composed of a reddit-style commenting and voting system. At the end of each month we will write up a medium article directly addressing the top three highest voted proposals. In addition to that, we have a community polling system where we will be asking the community more direct yes/no style questions on topics such as features, collaborations, and how resources should be allocated. These votes are non-binding advisory votes done to get a deeper understanding of the desires of the community. Despite this, the NFT FM team will do it’s best to ensure that the results of polls and community desires are respected and pursued. We will be publishing a history log of the polls taken and the resulting actions taken by NFT FM.
In early July, we plan to release two new staking pools. These pools will be for $VINYL staking, and $VINYL-LP staking. Staking $VINYL or $VINYL-LP will earn you BITTUNES points which grow towards redeemable mystery boxes. What will be in those boxes you ask?
We are starting a new artist launchpad program. The goal of this is to introduce rising artists to our community while also giving NFTs from these musicians to our community for FREE! Any $VINYL holder or $VINYL liquidity provider can stake their tokens and race to redeem these free monthly NFTs. We will be featuring a new artist every month and each artist launch will be accompanied by a blog post about their music.
We will have more info coming soon as we get closer to the release of this incredible new feature.