HoW Endowment

By using the guidelines of Endowments, How will distribute NFTs to our community for sale. The FP and number of NFTs distributed will determine the Total Value Locked (TVL) on the HoW platform, in treasury.

The revenue generated from NFT sales will be invested strategically using a shariah framework and sourcing the most appropriate revenue generating assets available within the DeFi ecosystem, including but not limited to investment into Layer 1 Coins, Layer 2 Tokens, Liquidity Provisioning, Other promising blockchain projects. The DAO will utilize 3rd party protocols, in a ‘best of breed’ manner, to achieve its mandated targets.

The resale of NFTs, for > or < the FP, results in the seller transferring the NFT, its rights, rewards, benefits etc to the buyer/new owner. The proceeds of the sale are due to the seller and DAO treasury (royalties).

The return generated will be transferred and held in a ‘Grants’ wallet. Projects will be introduced to the platform, by the community, and after following due process there will be either a Yes or No verdict handed down by the community through a democratic voting process.