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Minting Fee Reflections
20% Minting Fee Reflections
20% of each minting fee is reflected to all existing NFT holders. This reflection is valid even for the current minterโs own fee.
Reflection rewards can be claimed anytime on the project website. Claimed rewards are instantly transferred into the connected wallet as $AVAX. Rewards are bound to NFT token IDs. If you send the vampire to another wallet, rewards will be transferred as well. The earlier a vampire is minted, the more$AVAX reflections will be earned for each according to the modal. As the number of vampires minted increases, the amount of $AVAX reflected per vampire will decrease. Buying bundles to receive free vampires may be a hedge mechanism to maximize your$AVAX rewards and reduce your minting cost.
Calculation of total possible reflection rewards is tricky since free vampires from bundles donโt reflect \$AVAX rewards. Closest estimation might be Sum of Harmonic Series with the following formula:
$f(x) = \left(\sum_{n=x}^{7000}\frac{0.3}{n}\right)\ \cdot k$
x: Number you mint at (eg. at vampire no: 811)
k: Amount of vampires you have
The formula above can easily be integrated on Wolfram Alpha (https://www.wolframalpha.com/) by copying the following equation:
(Sum[Divide[0.3,n],{n,x,7000}])* y
If you participated in the early minting period, you can calculate the possible reflection amounts with following formula:
$f(x) = \left(\sum_{n=811}^{7000}\frac{0.3}{n}\ +\sum_{n=x}^{810}\frac{0.2}{n}\ \right)\ \cdot k$
The formula above can easily be integrated on Wolfram Alpha (https://www.wolframalpha.com/) by copying the following equation:
(Sum[Divide[0.3,n],{n,x,7000}])* y
Please, note that the above formula provides a rough estimate and actual reflection amounts might differ slightly.