# NFT Collection

## SNEKPICS

* Release on Cardano via Jpg.store [launchpad](https://www.jpg.store/calendar) on August 17th, 2023
* Supply of 6969 
* Royalties of 7% are reserved to buy and burn $SNEK

### NFT Ownership

1. Amazing Pixel SNEK art
2. Exclusive giveaways and competitions for NFT holders\*
3. Premium SNEKPICS user profile
4. IP usage for your NFT image(s)
   * We reserve the right to use all NFT images for any purposes.

### Fund Allocation

* **Phase 1  - Startup \[COMPLETE] :** 
  * [x] Acquired NFTS/$SNEK for Giveaway/HODL
    * \~1400 ADA
  * [x] CNFT Tools / Listing Bot
    * 400 ADA
  * [x] ADA Handles
    * $snekpicsbuy (tracker for buys) - 25 ADA
  * [x] Artist Payouts
    * Leyend Lion: 3915 ADA
    * YamsDev: 3000 ADA
    * Hired 3rd Artist - Fiat payment of $300
      * Founder Reimbursement: 420 ADA
    * **Made rest of payments to artist out of pocket**
      * *Reimbursement during Phase 3*
* **Phase 2 - Marketing & Onboarding \[ON-GOING]** *:*
  1. Development - V2 website with additional features (up to 7000 ADA)
     * [ ] Template Skin Implementation
     * [ ] Decentralized login (and storage?)
     * [ ] $SNEK Tracker? Wallet Tracker? Marketplace?
       * These implementations will be based on community input, please feel free to share how we can improve our site!
  2. Monthly 700 ADA allowance for Giveaways or Competitions (Up to 8,400 ADA)
     * Swapped for $SNEK and/or NFT(s)
     * Competitions held to promote onboarding, activity, and creation of new memes
     * Small Giveaways on X and Discord
* **Phase 3 - $SNEK Ecosystem Contributions and Team Payout \[TBD] :**
  1. SNEK Ecosystem Participation - 69k+ ADA
     * These items are TBD and can change depending on if available when funding hits
       * [ ] SNEKKIES BUY
         * Burn all mined $SNEK
       * [ ] Memecoin Creation via SnekX
         * Will need to be planned more thoughtfully
         * May not be executed
       * [ ] SNEK staking and Pool PM 
         * All rewards burned
         * Fixed amount to be voted, will not change
       * [ ] Donation to SNEK team/ PIT DAO
  2. SNEK Energy purchase(s) / Event Booth(s) to Giveaway and/or sell IRL (40k+ ADA)
     * Purchase 200+ cases of SNEK Energy
     * Onboard new users onto website, $SNEK, and Cardano
     * Goodies for events could include stickers, swag, NFTs, ADA, and as a reward for signing up, SNEK ENERGY!
     * If we do sales, profits could be used to continue purchasing SNEK Energy and attending IRL Events
     * This costs will cover event fees for booths and a percentage of travel fees
  3. Founder/Team Payout
     * [ ] 7,000 ADA reimbursement for Artist Payments
     * [ ] 10,000 ADA Dev payout - All Work for project and delivery of V3 Final product.
* Additional funds will be used for any unforeseen costs
* JPG Store fees (\~10,000k ADA)

\*NFT Ownership is not a financial product and should not be seen as an investment.


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