This story takes place in Camelot where King Arthur is ruling his kingdom together with his knights of The Round Table. This project gives you the amazing opportunity to join the round table and become a knight. King Arthur wants to travel around the world to find the holy grail, the most important quest of his life. The king needs you, knight of the round table, to join him in this journey and maybe, find some treasures along the way.
As a knight of the round table, you will be eligible to obtain rewards, get access to white lists for token presales, NFT mints, specials events and much more. As you all know, knights are the main advisors of the king and thus, will be able to have a sit at the royal councils in which many important decisions will be made.
Finally, along the journey, King Arthur wants to make alliances in order to make the kingdom stronger and ready in the event of an attack, therefore, this project will aim to partner with other projects to strengthen the bounds within the Elrond ecosystem.
The biggest aim of the Round Table, is to make profits and share them between all knights of the Round Table. You become a knight by holding an NFT from The Round Table. There are only 500 NFT available for you to take part to the Round Table.
- A first alliance will be made with JEXChange and 20% of the treasury of Camelot will be used to buy and stake $JEX token. All rewards will be distributed to the NFT holders.
- The main source of income of the project is done through an investment bag that represents 60% of the treasury. These 60% will be invested in various projects from the Elrond ecosystem. The projects will be chosen by a vote of the royal council. This way, YOU, knights of the round table, are empowered to choose where the money goes. 50% of the benefits of these investments will go to the NFT holders, 35% will go to the investment back to make it grow, 5% will go to the team.
- Finally, to secure a part of the treasury, 10% will be staked on Maiar. All rewards will be used to increase the treasury.
In addition, 10% of the amount collected during the mint will be used to remunerate the team and to cover operating costs
NFT Holders will be able to claim their rewards periodically once the amount becomes high enough.
Benefits and rewards will be split equally among the NFT holders. However, within the round table, His Majesty King Arthur will get 5X more rewards as he is the king. Also, King Arthur likes to have a very close advisor circle, these 9 special knights will get 3X more rewards than the other knights.
This means that the rewards will be split into 490 (500 – 10 special NFTs) + 5 (5 parts for the King) + 9* 3 (9 times 3 parts for the special knights) = 522 equal parts.
- King Arthur will get 5/522 of the rewards
- The special knights will get 3/522 of the rewards
- Regular knights will get 1/522 of the rewards
Let’s say that you hold 3 regular knight NFTs, you will get 3 shares, or 3/522 of the rewards.
The mint price of each NFT will be decided in agreement with people being the most involved in the project. This, in order to determine the right balance between the entry price and the investment bag available. Obviously, the higher the price, the more we can invest and therefore, the faster the rewards will increase.
Royalties for the reseale of the NFT will be set at 5% and will be entierely redistributed for our Holders !
As a Round Table community, we will make sure to make the best decisions to make the treasury growth and thus rewards our holders.
As a Knight of the Round Table, you will be sitting at the Royal Council. You will be empowered to vote on a large number of decisions. For example, when a new project starts on the Elrond blockchain, whether it's an NFT project or a token-related project, holders will be able to vote to determine whether or not we should invest in it. If so, we will invest a maximum of 1/20th of the treasury.
Despite you can hold several NFTs, you will only get one vote per holder address as we do not want whales to influence too much the direction of the project.
The council will also have a voice about taking profits for the different projects in which we invested. However, these decisions might require a certain speed of execution depending on market conditions. In this case, the team will manage these quick moves to avoid losses.
Holders will also be able to propose projects to invest in. These projects will be reviewed by the team, and submitted to the vote of the royal council if they are considered interesting.
In addition to the rewards from the investments, you will have access to giveaways on our discord. As a project, we will obtain WL for NFT or token sales. These WL will be partly used by The Round Table to buy these NFTs or tokens, at a cheaper price. The other part will be offered to our NFT holders. We have the ambition to establish partnerships with other projects on Elrond and, why not, on other blockchains. We will of course participate in the Elrond launchpads. For these launchpads, profits made will be redistributed to the holders.
The Round Table has a clear and simple vision. We do not need to create a very complicated mechanics. The project is all about investing as a community and providing recurring rewards. We also do not need a roadmap that promises unachievable things. Everything is there, ready. The project will evolve according to the evolution of its budget and in line with the desires of the holders. We do not promise anything unattainable, but we have no limits. Our motto: Community, Money & Fun !
