NetVRk DAO Proposal #6: Pay All NFT Staking Rewards in $NETVR

Overview We are proposing to pay all NFT staking rewards exclusively in $NETVR. This proposal aims to streamline our rewards system and ensure the efficient use of our token reserves.

Details If this proposal is approved:

• The exchange rate for converting rewards to $NETVR will be determined on the 1st day of each quarter at 12pm ET. This ensures a consistent and transparent process for calculating and distributing rewards.
• All rewards will continue to be paid out on the Polygon network, maintaining the efficiency and cost-effectiveness of our reward distribution process.
• For the foreseeable future, no new $NETVR will be minted. Instead, we will use our own reserve, ensuring that the circulating supply does not increase.
• The proposal will take effect immediately and will impact the upcoming payout of staking rewards for Q2, which will take place at the beginning of July.