NFT - $CHES Ecosystem
So what exactly happens to the CHES tokens when someone purchases a NFT? That depends on which NFT you purchase - there are three types of NFTs that we sell and plan to sell on our marketplace - Revenue Generating NFTs, Property NFTS, and Vacation NFTs.
Because these are the main attraction, we will start with the property NFTs. When purchased, the funds will be divided three ways: 40% will be burned, 40% will go towards replenishing the airdrop rewards pool, and the remaining 20% will be sold, transferred into stable coins, and staked for a consistent yield to cover the costs of repairs for the property. Over time, we will build a treasury of stable investments to cover the costs of repairs for all of the properties in the portfolio.
If we have 100 NFTs available per property and, for simple math, we sold each NFT for 1,000,000 CHES tokens, that would raise a total of 100,000,000 tokens. That would mean that the airdrop rewards pool would be replenished by 40 million tokens, 40 million tokens would be burned (that is 4% of the total supply), and 20 million tokens would be sold to stake stable coins.
Moving on, when the revenue generating NFTs are sold, all of those funds go straight into marketing. There are 50 initial NFTs for sale on the marketplace for $1,000 worth of CHES tokens each. The tokens raised from these sales will be sold off over time and put into marketing. Any transaction from third party sellers will have the tokens go directly to the person who sold the NFT.
Finally, we will introduce NFTs that allow holders to stay in the property. The exact details are still being worked out, but down the line, the idea is that we would be able to directly compete with Airbnb and VRBO. The tokens raised from selling these NFTs would go towards purchasing the property. With the current model in mind, there would be fees for all secondary transactions that would cover the cost of maintenance, cleaning, taxes, and insurance.