NFTs containing shares are provided as rewards.
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What is an NFT?
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. (Source: https://www.forbes.com/advisor/investing/nft-non-fungible-token/)
What is the reward pool?
The reward pool will be a mechanism that will reward advisors for bringing new startups to the ecosystem. Currently the rewards pool is set at 2.5% of the total supply of AdvisoryClub stock. There have been 10,000 NFT’s minted that represent 25 shares per NFT. Each startup that is referred and meets the requirements of admission into the AdvisoryClub ecosystem will qualify for one NFT or 25 shares.
What can you do with your NFT?
The NFT ecosystem is only just beginning to take shape and we are only just now understanding the true potential of NFTs. The main utility that an NFT holder can do is sell their NFT on a marketplace. As the company grows and the valuation grows you’ll be able to offer your NFT for sale to others and as a result earn financial compensation for the shares in the NFT. Additionally if the holder decides to hold their NFT and the company was acquired or a buyout of shares occurred then there could be financial compensation there as well. As this industry continues to grow so will the opportunities of NFT holders.
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