The Minnao NFT Collection Part 10: Frequently Asked Questions (FAQ)

4 min readSep 10, 2022

This is a special article of the series: we collected some of the most asked questions, and by answering them we invite you to join our Community on Telegram and share your thoughts with us!

Is the project equivalent to an investment fund?

No. The traits we share with an investment fund that might cause confusion are the concept of a treasury pool, NFT as a share of a treasury, the diversification of the assets to minimize the risks for the investors and the distribution of the yield.

But there are substantial differences. For example, by participating in a fund, an investor can withdraw their investment at any given time, by collecting gains or losses in that moment and according to the exit conditions of the investment fund.

In our project, the user will own their Minnao NFT, but cannot retrieve their money directly from the treasury (formally exiting its position from a fund). What they may do is of course selling the NFT, as per any other NFT collection on the crypto market.

Unlike other NFT collections — where the totality of the minting fees are collected by the team, leaving the price of the NFT solely determined by the market and thus leaving the buyer at its mercy — 70% of the minting price of Minnaos will be pooled together to form a treasury under the guide of a DAO (Decentralized Autonomous Organization) and deployed to grant the owners the best risk/return level available, along with more advantages and benefits such airdrops, partnerships, perks and discounts. Owning a Minnao will give access to these perks and to the percentage of yields generated by the treasury. As the treasury grows, so will the value of your NFT, ensuring that investors have an ROI on their NFT as well.

Who is in charge of the treasury?

Initially, the Minnao Team will manage the treasury, deposited in a multi-sig wallet. As the Community grows and the DAO organization is completed, it will be a choral work: we plan to decide together with our Community the allocation of the treasury with proposals and votings.

How and where is the treasury deployed?

We plan to adhere to the following guidelines: diversification, sustainability, risk/return balance. As per the exact asset allocations, the percentages will be visible on our official website in the dedicated treasury section as per general categories. A report will be posted after each operation to keep the Community updated on the current yields.

Why do you not want to share how exactly the treasury is deployed?

We do not want to advertise publicly the operations to avoid sniping, frontrunning, wallet watching or copy trading. We understand this may result frustrating to hear, but the safety of the treasury and hence of the project itself is our first and utmost priority. After each operation is completed, a detailed report will be available on the dedicated section on the website.

How will rewards be technically distributed?

At first, the percentage of the yield will be airdropped periodically directly to the wallets of the owners, according to their share of the treasury represented by the NFTs. Other amazing mechanisms will be shared later when available.

How do you plan to use the team revenues?

First of all, we will cover the costs of the project, spacing from salaries to fixed costs to upkeep the project. A sizable portion will be allocated then to NFT buybacks, marketing and further development to go multichain with the next batches of The Minnao NFT Collection.

The Minnaos will watch over your sleep. And you will dream of the Minnaos.

Do you want to discover more? Join our community:

Website: https://www.minnaoverse.com
Twitter: https://twitter.com/minnaoverse
Telegram: https://t.me/minnaoverse

Stay tuned for the next parts of this article!

PS: do not forget to fully DYOR @ https://docs.minnaoverse.com/ ! For any question you can reach out us through our social channels.

The Minnao NFT Collection Part 10: Frequently Asked Questions (FAQ)

Written by Minnaoverse