We’re excited to finally announce details around the protocol revenue sharing components of the recently launched $ANS token.
On May 15, we stated $ANS token holders would be entitled to a share of the revenue generated by the protocol along with the project’s early supporters.
Take a look at how this is all going to work 👇🏼
We have already airdropped ANS domain holders $ANS tokens based on their domains minted. Now we are incentivizing those token holders as well.
A percentage of revenue generated by the ANS protocol will be distributed via everPay (in $AR Arweave Token) among the $ANS token holders and Ark NFT holders.
Protocol revenue sharing structure
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10% of domain minting revenue will be distributed in total.
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70% will be shared pro-rata with $ANS token holders. This means the more $ANS you hold, the larger your share of the revenue. This is to encourage holding and align long-term incentives among our users while incentivizing DAO participation.
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30% of the allocated share will be distributed among decent.land Ark NFT holders. Our 43 Arks are the original decent.land early ‘Founder’s Pass’ which receive perks from all projects launched by the team. This portion will be split across wallets that hold Ark NFTs, with the amount received weighted by the number of Arks held.
Snapshot
The revenue generated by the protocol between the launch and the 15th of June will be retroactively shared with holders as per the snapshot (currently 550 $AR and growing). Going forward, snapshots and distributions will recur on the 15th of each month.
Eligibility
On the 15th of each month $ANS and Ark NFT holders will be airdropped $AR tokens to their everPay balances.
⚠️ $ANS Balances acquired through Uniswap or balances withdrawn to external wallets (Metamask etc.) are not eligible. Must have $ANS in everPay balance to maintain eligibility.
Getting $ANS
Method 1: Deposit any token to everPay and swap for $ANS. Tokens supported by everPay include ETH, USDC and AR. The AR/ANS pair is also available on Permaswap.
Method 2: Swap for ERC20 $ANS on Uniswap and deposit them to your everPay balance. Token address - 0x937EFa4a5Ff9d65785691b70a1136aAf8aDA7e62.
Ark NFTs
Ark NFT holders are entitled to 30% of the allocated 10% shared revenue. Mint here, or view on OpenSea.
Follow ANS on Twitter, and check the DAO on Aragon.