Cynova Enterprise Royalty Re-Investment Program

We wanted to end the week with this one last exciting announcement. As is our core focus, we want to drive holder benefits. But we also want to abide by all legal and regulatory frameworks that govern, or will likely govern the NFT space. After careful consideration, we have decided to implement the following program.

As you are aware, secondary sales of the Cynova Enterprise NFT collections generate 7.5% royalties for Cynova Enterprise. To date, all royalties have been re-invested back into the business, largely paying for the various developers and subcontractors necessary to deliver against the vision. As we enter a phase of growth that we expect will be heavily fueled by private investments, we believe there is an opportunity to revisit the use of royalty funds.

As such, we have decided to initiate a Royalty Re-Investment Program that would function as follows:

• We have established our Cynova Legacy collection on Hadeswap. By doing so, we (and others) can create liquidity pools that will offer significant benefits to our holders by increasing capital inflow, increasing volume, and stabilizing the floor price (amongst other benefits).
• Every month, we will take 20% of all secondary market royalties generated outside of Hadeswap, and purchase as many Cynova Legacy collection NFTs that fit based on the floor price at the time. A portion of them will be held for various holder rewards initiatives including our VIP program, with the majority of them being added to our Hadeswap liquidity pool alongside SOL contribution (to be created).
• As a compounding benefit, we will also reinvest 20% of the fees generated from the liquidity pool in the same manner.

We will be one of very few (if not the only) to implement this type of program early on leveraging the benefits of Hadeswap. We believe in the power of decentralization and the ability to be your own market maker. This is an exciting time for the Solana ecosystem and with amazing tools and partnerships coming to market, we intend to exploit their benefits on behalf of our holders.

We pride ourselves in not only developing great products and studio work but put our financial prowess to work. Those that can navigate and benefit from the de-fi ecosystem being created all around us will come out on top. That will be us.