Reward Structure

Reward Structure 50% of royalties that Backwood Brince profits collects will be given back to the community in the form of Eth rewards. The owners of Backwood Brince get 10% royalties from every single trade that happens inside the collection. So for instance, if James decides to Buy coins from us or sell our Nft to John for worth 2$, the owners get 10% of this amount i.e 0.2$. From this 0.2 ETH, we are giving back 50% to the community (0.1 ETH). We have 10 ranks . Let's say the royalty amount is 1000 Eth. The distribution will be as follows: Rank Name Share % Amount Order Realm 2% 20 Saint Realm 4% 40 God-King Realm 4% 40 Emperor Realm 6% 60 Heavenly Realm 7% 70 True Saint Realm 9% 90 Primal Ancestor 10% 100 Dao Venerable 13% 130 Celestial Realm 20% 200 Overlord 25% 250 These figures are subject to change as Total amounts vary with each total brince since this amount will be the royalty amount for four month. Understanding Payment System After the conclusion of a tournament, we will check the numbers of the Brince and go on Opensea to collect the wallet addresses connected to those Brince. The amount of the respective positions will be sent to the wallet addresses thereafter according to the reward structure presented above and it is very important to understand that Brinces should not sell their NFT before Quarterly since we will send dividend to the connected wallet of the winning NFTs and it may happen that if you sell your winning NFT before we send you the Eth reward, the reward will be sent to the wallet you sold the NFT to since we will check the connected wallet at the time of sending as well. . Note: The reward distribution and number of winners may change in the future...