How it Works ?

How it works, assuming NFT mint price is set to 0.03 BNB (~$10) in a cycle

The total generated from the cycle is equal to 60 BNB

Prize Pool 50% (30 BNB) goes to the prize pool where at least 300 unique entries will get up 0.1 BNB (~$30) each.

Referral Bonus 5% (3 BNB) is for referrals, ensuring each referral bonus on winning entries will get up to 0.01 BNB. The more winning referrals, the more higher the bonus.

DAO 12% (7.2 BNB) will be used for funding projects, drive marketing, exchange listings and assist our $WKD holders community-approved charity efforts.

Top Holders 3% (1.8 BNB) of funds is distributed to holders of NFTs that are upgraded from the minted NFT types. These NFT holders have the rarest NFTs that will become very valuable in Wakanda Inu development journey

Buy back and burn 15% (9 BNB) is accumulated and used to buy back and burn $WKD tokens from wakandaswap or pancakeswap at intervals of 7 days. If a cycle runs each day, in a week, 63 BNB (~ $18,900) will be used to buy back and burn $WKD NFTs creating a healthy floor price for $WKD.

Platform The remainder of the funds is used for maintaining the platform, marketing, consultation fees, hiring developers etc.

I did not win. What now? Every participant in the raffle is a winner. Winners from the raffle draws are required to burn their NFTs while claiming their prizes. This means everyone else get to keep their minted NFTs. These NFTs are required for upgrading to the rarer NFTs. This possibility alone opens up more interesting potentials of $WKD ecosystem which will be revealed soon.