✅Mileage

This page contains a summarized version of DCF_microshares mileage and history. You may also call this a TL;DR. Please keep in mind, that this page will only be updated once in a while, so it may contain outdated informations.

Last updated on 2022-07-19

The Mint

DCF_microshares (”mDCF”) is a NFT collection of 1.110 NFTs that had been minted for 1.0 SOL each by round about 300 different wallets from 2022-04-03 to 2022-04-09.

We used the creatormachine.com Launchpad SaaS by the FellowshipOG DAO. Doing this by using the self-service plan, saved us from the need to give away any minting proceeds on the mint, or secondary marketplace royalties in the long run.

Investing the minting proceeds

The mint proceeds had been invested into 10 authentic Degen Coin Flip NFTs (see also degencoinflip.com) that had been bought at around 100 SOL each.

Start of rev share payouts

mDCF paid out the DCF rev share for the project-owned DCF NFTs to all mDCF holders already daily, while the mint was still ongoing.

After the mint

After the mint was sold out, the payout was switched to a weekly basis to be more efficient on that. Right before the first weekly payout was due, the community voted to stop paying out the rev share for the time being, and to buy the next DCF NFTs instead. We did that vote two times and bought two DCF NFTs for again round about 100 SOL.

For the second DCF NFT, we already took a loan of 80 SOL plus 2 SOL interest (fixed interest until pay back, latest in 3-6 mo).

We took some more loans and bought 2 additional DCF NFTs so we're owning 14 DCF NFTs - well, we "owned". Because we burnt them, got 28 DFC + 1 WL key for them each, and minted the WL keys of course. This resulted in 406 Degen Fat Cats.

While we paid 125 SOL for each of our 14 DCF NFTs now in average, this means, we also paid 4.65 SOL per DFC, only (125 SOL * 14 DCF + 9.99 SOL per mint * 14 DFC mints).

We are also using 15% of the trading volume on secondary marketplaces for buying more DCF/DFCs.

mDCF's mCAP

2022, May:

The market cap of the project-owned assets is currently round about 1.620 SOL, because the projects owns 12 DCF NFTs * 130 SOL (ME fp at the time of writing) and 30 mDCF NFTs * 2 SOL (ME fp at the time of writing).

2022, July:

mCap = 1110 * 4,5 SOL fp + (31 DAO owned mDCF * 4,5 SOL fp) - 310 SOL debts = 4.824,5 SOL

Can you ELI5, please?

Of course, sir. ELI5’ed, our mDCF NFTs are fractionalized DCF NFTs, and every holder of mDCF is co-owner of the project-owned DCF NFTs. In May of 2022, the ratio was 1 DCF NFT = 92.5 mDCF NFTs, and in July of 2022 it's now 1 DCF NFT = 79.3 mDCF NFTs and 1 mDCF NFT = 0.365 DFC NFT.

What is the daily business, at the moment?

Since the mint, we did a vote on “every next DCF NFT” we had been going for. Because the mDCF holders co-own the DCF NFTs, and with that also the daily DCF NFT rev share, we wanted to leave no one behind, with the decisions to make to the better of this project.

The most recent vote was the first official mDCF DAO vote with the proposal no MDCF-00, which took place on 2022-04-23 until 2022-04-24.