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Nation Ownership NFT

Description#

  • This NFT represents ownership of the nation in the DeNations.
  • The more cities and civilizations the nation have, the more powerful the nation becomes to build more NFTs.
  • 20% of the NFT card sales will be collected as a national tax and distributed to the owners of the Nation Ownership NFT.

DGDP#

  • DGDP is an indicator of national power in the DeNations.
  • The sale price of the Nation NFT is based on the 2019 DGDP while Tax rate reflects the current DGDP.
  • DGDP is updated weekly and affects Tax(yield) Farming ability.
  • Players can be a president of a country by registering the most Nation Ownership NFT cards.

Supply#

  • Diminishing & limited Nation Ownership NFT supply per round.
  • Each round ends when the last Nation Ownership allocated to the round is sold out.
  • Next round start within 28 days after the end of the previous round.
  • 1,000 Ownerships are released over 20 rounds.
Round# of new ownerships supplied per round# of total owenerships supply
1100100
290190
385275
480355
576431
669500
763563
858621
953674
1048722
1143765
1239804
1335839
1431870
1528898
1625923
1723946
1820966
1918984
20161000

Untitled

Usage#

Tax Farming#

Register your Nation Ownerships (NFTs) and enjoy tax (yield) farming.

tip

The HIGHER DGDPs are registered, the MORE Tax (in DENA) you can receive.

Founder Tax#

Early buyers will enjoy special Founder Tax.

  1. Definition & Source of Founder Tax:

    10% of sales of ownerships per round are compensated to the ownership owners of the previous round. This reward is defined as the Founder Tax.

  2. Founder Tax Distribution:

    40% of the Founder Tax (Top 5 Founder Tax) will be allocated to the top 5 registered owners who own the most ownerships at the end of the previous round. 60% of Founder Tax (Normal Founder Tax) will be distributed in proportion to the number of ownerships registered at the end of the previous round. When there is a tie, the owner who registered their last ownership earlier takes the higher rank.

  3. Time of the Measurement:

    The status of the registered Nation Ownerships is measured when the previous round ends (when the last Nation Ownership of the previous round is sold) and this determines distribution of the founder tax reward for the current round.

  4. Register Nation Ownerships to Qualify:

    You need to register your Nation Ownerships to qualify to receive Founder Tax. Users who already registered their Nation Ownerships do not need to register twice.

    Register Ownerships โ†’

  5. Tax Reward Date:

    The Founder Tax reward will be paid when the current round ends and new round starts (when the last Nation Ownership of the round is sold).

  6. Exceptions:

    DeNations Ownerships & Myanmar Ownerships are excluded.

  • Founder Tax is distributed according to the number of registered nation ownership owned at the end of the previous round.

    Founder Tax Distribution

    Top 5 Founder Tax Distribution

Example:#

  • John registered 50 Ownerships (out of 190 total registered) of France when the last France Ownership is sold for round 2 (end of round 2).
  • John owns the 2nd largest number of France Ownerships at the end of round 2.
  • 85 new France Ownerships are sold (which excludes resale) during the 3rd round.
  • The total sales amount was 100 ETH.
  • Founder tax reward for John at round 3 will be 1.39 ETH which includes.
  • Normal Founder Tax (0.79 ETH=50 ETH10%60%(50/190)) and Top 5 Founder Tax (0.60 ETH=50 ETH10%40%30%)

President Compensation#

A President receives 20% of national tax and determines the national policy and executes the national budget.

tip

The EARLIER you become the owner, the MORE BENEFIT you will get.