Sustainability Strategy

The Phellas are here to stay! We will ensure that Phellas Get Togethers will continue for years to come with a few key strategies.

Initial Funding

The roadmap items in this project will be initially funded by the mint funds. The community wallet for IRL activities will be seeded with 20% of the mint sales. Thereafter, the project will be self-sustaining based on the proposed revenue generation strategy.

Royalties

Part of the rationale behind creating the Phellas travel membership as an NFT is to help sustain the project by using royalties. With a traditional membership, the members would have to periodically pay a fee to maintain their membership. They would also have nothing to gain once they cancel, said membership. Phellas will operate differently, members won't have to pay a recurring fee, and if they want to "cancel" they can sell their NFT on a secondary marketplace. Secondary sales of NFTs allow the creators to collect a royalty percentage on each sale. In the case of Phellas, 25% of the royalties on secondary sales will be added to the community wallet to continue to host events!

Merchandise Sales

We will release a line of Phellas branded merchandise that can be purchased by both holders and non-holders. Exclusive merch will be available to only holders that attend events. All the proceeds from Phellas merch sales will be added to the community wallet.

Tokenomics

As stated in our roadmap, we will implement a Phellas Metaverse for our community. The Phellas Metaverse will facilitate a tokenomics system that will benefit the community events as well. Once the Phellas metaverse tokenomics are launched, a percentage of transaction fees from the token will go toward the community wallet.