Community Wallet
Last updated
Last updated
The Community Wallet is exactly what it sounds like. It is a wallet which holds funds which have been set aside by the development team for community initiatives. All sources of income for The Etherscape are divided between development funding and the community wallet at the following rates...
Development funding (75%)
Community wallet (25%)
These are the various sources of income that will provide a 25% distribution to the community wallet.
Marketplace royalties from any tokens in The Etherscape collection.
Sale value for any account upgrade tokens sold by the The Etherscape team.
Sale value of any “gem” sales which are a premium in game currency.
Rewards from The Etherscape validator / nomination pool.
How the funds from the community wallet are spent is determined by the votes in the governance system. Various options for how the funds could be spent include the following...
Air drops to the player community
Events and competitions with rewards
Reward players for participation in governance
Subsidize player’s transaction costs using Fuel Tanks
Provide grants to other creators building projects on ENJ
Fund collaborations to create cross game metaverse tokens
Once the game is live, the contents of the community wallet will be published publicly so that all players can see how much funds are available.
Every week, a portion of the community wallet is distributed out to various aspects of the game to benefit the player base. Below are the weekly distributions...
1% is put into the rewards for the arena.
1% is put into the heroic caches that can be won in Heroic quests.
1% is used to fund daily drops of Enjinite to players in game.
All of the rewards are done using Enjinite and thus the ENJ from the community wallet is transferred to the Enjinite backing wallet.
You can view the balance of the community wallet over time in game by opening the wallet window and selecting the 'C' button in the upper left.
You can also view it on SubScan here.
You can view the official legal disclaimer for the community wallet here.
