💰Mint Fund Allocation

Allocation of funds raised from the PeeBee NFT mint.

The mint raised a total revenue of 32,318 ADA after minting costs. This was allocated as follows:

• Art & Development = 7,456 ADA

Jet spent over 500 hours curating the collection, handpicking all PeeBee's to ensure the best trait and colour matches. We wanted to ensure he was rewarded for his time and the pay reflected his efforts

• Website & Staking Platform = 17,500 ADA

This is the payment to the Tavern Squad team for building out our website and PeeBee staking platform.

• $peepee Buyback = 5,000 ADA

The team bought 100m $peepee OTC from our top holder for 10k ADA. 5k ADA of this funded by the mint income.

• Team Payment = 1,500 ADA

The team payment was originally set to be 10% of funds received. After internal discussions, the team decided to reduce their payment so that more funds could be allocated to developments. Torps, Holliday and Cavibo each received a 500A payment.

• General Project Costs = 862 ADA

These are the ongoing costs for listing on CNFT Tools, sales bot, Twitter premium, website hosting, & IPFS.