Njordson Report - September 2021

Welcome to the first Njordson report. This is the only time the report will be available unencrypted to everyone, so everyone knows what to expect and how to subscribe to updates on future ones.

For the unitiated, Njord and Njordson are Kanaria gems that give their holders (technically, the holders of the NFT birds holding the gems) 19.7% of revenue from the RMRK team's future profits. For details, please see linked post.

⚠ Remember! You MUST keep your Njordson equipped ALL month to be eligible for the drop. If you unequipped the gem at any point during the month, you will be skipped in that month's payouts and forfeit your share.

In September, we earned 291.112 KSM from staking. After expenses, we were left with 200 KSM. 20% of this is 40 KSM.

Furthermore, the income from commissions and royalties during September was 1019.6906 (amount on last block of Sept 30th) - 174.1202 (amount on first block of Sept 1st) = 845.5704 KSM.

Putting it together and applying percentages, the profit per gem is:

GemStaking Profit per gemCommission / Royalty profit per gemTotal per gem
Njord (0.5%)0.2 KSM4.227852 KSM4.427852 KSM
Njordson (0.1%)0.04 KSM0.8455704 KSM0.8855704 KSM

Here is the full list of recipients and their amounts for September. The batch send went out in this extrinsic.

Fun fact, the top earners (excluding the RMRK NFT treasury) are: DSDyT8ygSPsEJ9eXwcRxUBDYQTLSzT6QnxQshYqw6RRG1oz and EzCkZDTpssjfMMkq5Jstfaso6QB8Art4wcArEuHffVQhSEA with a whopping 7 KSM each! 🎉

In total, RMRK is distributing ~175 KSM (~60000 USD in current value) in profits to Njord/son holders in September.

In order to be informed of future Njordson reports, please:

  • follow us via any of our announcement channels: on our Twitter, our announcement Telegram, our community Kanaria telegram, and our NFT telegram community, as well as our newsletter and the blog.
  • log into Kanaria with the address which contains your Njord/son bird.
  • go to Info -> Report, or just hit the Report link
  • Read the reports you're eligible for (only eligible ones will be listed) by clicking on them and decrypting the content with your Polkadot.js extension (you will be asked for your password). This is because we encrypt the report to only be available to Njord/son holders, others cannot view the content

Getting a Njord/son gem

You can only get a Njord/son gem by buying a bird which holds one. To find all Njord/son gems for sale, go to the Gems catalog in Kanaria and find the one you want, then click on it. The table underneath the Gem's image will contain a list of all birds with that gem that are for sale.

What if my Njord/son bird is with Kucoin?

Kucoin have had instructions on how to send birds out since August, and they have been processing withdrawals since, but it is possible some birds still haven't left their nest.

If you had a Njord/son bird in Kucoin, please talk to their support about claiming the KSM that was sent to the address.

The discussion place for RMRK.app based NFTs. Official announcements and community discussions.

0 comments