Team LoC (total of 6 players) is allocating 5% of their total actions, ie 5% share of the Team’s combined total winnings for the WSOP event, to be part of the NFT collections’ utilities.

Each NFT gives you $30 worth of player staking value, i.e. 0.05% share of the Team’s combined total winnings for this event.

If Team LoC combined winning is $10,000,000,

Your Gross winning : $10,000,000 x 0.05% = $5,000
Original NFT staking value = $30
Performance Bonus = ($50,000 - $30) x 20% = $994
Your Net winnings after Perf. bonus = $5,000 - $994 = $4,006

Your % return is (4,006-30) /30 = 13,253%

*Please note that a portion of the Gross Winnings, specifically 30%, could be withheld as tax from certain players. The tax refund will possibly takes 6-12 months.

If that happens, we will first distribute the pre-tax winnings to the NFT holder. When the tax refund is completed, we will airdrop the rest of the returns into the NFT holder’s wallet.

The NFT will continue to be readable in perpetuity, with more utility to come!

(There is a small admin fee charged by external service provider.)