Fee Distribution
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The usage of Dubloon Token in the Plodding Isles network of games and applications incurs various fees that are used to reward players and maintain our ecosystem. Currently, fees are incurred in , , and.
All generated fees (apart from NFT marketplace royalties, which enter the ) automatically enter a Fee Distribution , whereupon they are distributed according to a pre-determined token split:
60%
Liquidity Pool
20%
15%
Community Incentives
5%
The Fee Distribution ratio is subject to change pending .
The majority of Plodding Isles network fees (60%) go towards the Liquidity Pool to reward staking. Find out more about staking in .
Find out more about the here.
15% of Plodding Isles fees go towards community incentives, which fund prize pools and giveaways for our players. This includes leaderboards and in-game competitions, where the prizes will be distributes in Dubloon Token gathered from fees.
Find out more about the here.
We've outlined an example of fee acquisition and distribution, assuming the total of fees acquired below, and expressed as a Fiat/USD equivalent of Dubloon at any given time. These example figures are fictitious and are for demonstration purposes only.
Plodding Isles Withdrawal Fees (Generated)
$500,000
Plodding Isles: Mini Withdrawal Fees (Generated)
$250,000
Unstaking Fees (Generated)
$250,000
Liquidity Pool (Distributed)
$600,000
$200,000
Community Incentives (Distributed)
$150,000
$50,000
Third-party NFT marketplaces also incur their own royalty fees on sales. Opensea, for example, charges a 2.5% royalty, thus a 12.5% total royalty fee would apply on that marketplace.
Dubloon Buyback is an important fuction of our royalty distribution that adds to the value flow of the Plodding Isles economy, with NFT royalties from any supported third-party marketplaces being used to purchase and distribute Dubloon Tokens through a smart contract.
NFT volume on third-party marketplaces contributes massively to both stakers and players, in addition to our other fee generation methods, ensuring value is circulated at every level of the ecosystem.
The Vault is a smart contract that receives fees both from the DUB Buyback Pool and from Dubloon Withdrawal Fees in both Plodding Isles and Plodding Isles: Mini. Dubloon Tokens in the vault are locked for a minimum of 12 months from Dubloon's public token release date. Prior to the 12-month period ending, a governance poll will be held to choose either continued token lockup or partial withdrawal of Dubloon for ecosystem improvements.
(Distributed)
(Distributed)
While they are not fees generated within the ecosystem, Plodding Isles generates royalties on third-party platforms where our NFTs are traded, such as . On all third-party marketplaces where the Plodding Isles NFT pages are managed by the Plodding Isles team, there is a 10% royalty fee on sales, which goes directly into the Plodding Isles ecosystem.
100% of royalties accumulated through third-party NFT sales enter a, through which Plodding Isles will execute Dubloon Token buybacks at random intervals. Tokens accumulated through Dubloon Token buybacks will enter a and be locked on a rolling yearly basis, unless voted otherwise through .
