Student I.D. NFTs
Student I.D. Passes for participating in the Crypto College community.
Use
While much of the Crypto College's resources are free to the public, members are able to select their participation level by holding any one of our , Alumni , Graduate, or Undergraduate Student I.D.s. All collections have the same trait pool with OVER 70 BILLION COMBINATIONS! The 3-Tiered collection was carefully constructed and thought out to create an expansive and dynamic economy for all holders of each collection. For explicit details about each collection and what they provide, please select the respective section on the table of contents
Wave Minting
Wave minting allows for a mechanism to gradually increase the minting price. This is a demand based model with a self stabilizing floor price. Waves serve as promotional events and allow for a controlled distribution of NFTs based upon member milestones. This ensures the market is not over saturated and later users will have a chance to participate. A mint wave is complete when the entirety of the mints allotted for the wave has been purchased. Each collection has a different mint wave size. Each wave will be accompanied by approximately a 1 week cool down period in which minting is paused. This allows for market equilibrium and the option for a new theme to be implemented.
Wave Themes Wave 0: Whitelist (50% Off) Wave 1+: Minting a partner trait will grant 1x random NFT from that project. Wave 2: Legacy Admission - Users must hold an NFT of a higher tier to mint an NFT. (Alumni -> Graduate -> Undergraduate) Wave 3: TBA
Treasury
Funding received from minting from all collections is allocated to various treasuries at the end of each mint wave in the following proportions:
Alumni Treasury
This treasury is explicitly designated for Alumni members. This includes scholarship accounts, airdrops, DAO purchases, and Alumni exclusive events/giveaways.
Stable Coins
Funding immediate converted to stable coins across all participating chains. These resources are anticipated to be used during bear market cycles or periods of low market activity greater than 6 months.
CC LLC
Reserve treasury for scholarship accounts, giveaways, events, and DAO purchases/features for the community.
CC Discretionary Treasure
Funds paid out immediately to the crypto college admin team for salaries, marketing, and other official CC expenditures to include giveaways and events/competitions. A complete list is expected to be provided and public.
Royalty Tax
All 3 projects include a 7% Royalty tax. This tax is applied during resale of the NFT on secondary marketplaces like CNFT.io or JPEG.store in addition to their marketplace tax. This tax is not applied during private transfers. This tax goes into the CC Discretionary Treasury. This treasury is maintained Crypto College admin. All funds removed from this wallet will be publicly announced alongside it's purpose.
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