Arsenal NFT creates and distributes free NFTs as well as 100% of the profits generated by the community built DeFi applications, back to the holders of the company’s native token in USDC.e stablecoin.
Kapun founded Arsenal NFT in noticing some unsettling trends in the industry, including scamming and irregularities in payouts. He made it his mission to center the ecosystem’s payouts around stablecoins, versus just the ANFT native token, to oppose that of traditional DeFi applications.
His ecosystem was reliant on three steps to get the ball rolling. The first, to create the smart contracts, or THE SPOILS OF WAR. The second, to completely DOX himself to gain trust with the community, because it is important to Kapun to ensure all projects are associated with value and integrity. The third step was to make sure all profits were distributed in USDC.e so all ANFT native token holders were free from fluctuation and receive fair payouts.
All stablecoin held in the smart contract, aka SPOILS OF WAR, are distributed to holders of the ANFT native token on a 30-day cycle, and based on average holdings over that span. In the end, investors are encouraged to hold and earn, which they can do in confidence, as the profits are secure, with no worry about the price of the platform’s native token.
“The more ANFT you hold the more you earn. 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,” said Kapun. “The Arsenal NFT ecosystem utilizes a bonding system and shareholders are offered ANFT tokens at a premium, via the dAPP in exchange for USDC.e.”
The community utilizes a voting system that decides on what NFT and DeFi applications will be created. As the ecosystem expands in conjunction with the community, the goal is for everyone to profit in utilizing the ‘hold and earn’ strategy model.
Communication is key in building an ecosystem and Kapun and ArsenalNFT take all conversations and feedback seriously. The voting system, which takes place on the company’s snapshot.org page is derived from feedback accumulated in the exclusive ANFT Discord channel. In fact, all NFT and DeFi applications are voted on and approved by the community, for the community. No longer will investors have to be relegated to funding what is merely just trending.
Payouts are gathered and stored in the housing vessel known as the WARCHEST. Here, all community-driven NFTs and DeFi apps are created following the voting process. After funds are distributed on the 30-day cycle, additional funds can also be used to help expand ANFT’s presence in other blockchains as well. It all comes down to the community for ArsenalNFT.
“NFT’s created will now be born from community sentiment,” stated Kapun.
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 on how to qualify for free NFT’s, please visit https://arsenalnft.org/