Hege's Official NFT Collection
2,222 uniquely generated Hegends on the Solana network. Drawn by hand and assembled by code, no two Hegends are the same.
Rewards overview
Rewards
When Hegends were initially minted, a certain percentage of the overall mint fee's were deposited into an NFT bank. This NFT bank will be used to purchase $HEGE. Every month, 5% of Hege tokens in the bank will be distributed amongst NFT holders. Each NFT held will entitle a holder to the same distribution from the bank (and if a holder has 10 NFTs, they will get 10X the distribution versus a holder who has 1 NFT).
This will have 2 major benefits:
- It gives a floor price for the NFT. The more valuable the $HEGE token becomes, the more valuable the NFT becomes due to the increased reward distribution.
- It gives an initial boost to the $HEGE price. Since the funds in the NFT bank will be used to purchase $HEGE, this will provide a nice boost to the token.
Additionally, when an NFT is bought or sold on a marketplace in the future, there will be a creator royalty. 4% of the total sale amount will be deposited into the NFT bank, used to purchase $HEGE, and thus increase the future reward amount.
NFTs listed for sale on the distribution date will not be eligible for the distribution. Also, the wallet holding the NFT must also hold a minimum of 100 HEGE tokens. The holding requirement is primarily in place to prevent the need to create a token account for the wallet, which would increase fees and potentially minimize the overall distribution value.
A random snapshot will be taken during the first six days of each month. To qualify for rewards, your Hegend only needs to meet the requirements at the time of the snapshot. However, to ensure your rewards are received without issue, it's recommended to keep your NFT meeting all requirements throughout the entire six-day period. Rewards will be distributed on the 7th of each month.
Distributions
NFTs will be categorized in 5 standard rarity tiers: Common, Uncommon, Rare, Epic, and Legendary. The reward payment will vary based on the tier with the rarest tier having the highest reward payment. Below is a breakdown of the tiers with the reward payments:
| Tier | # of NFTs | Reward Payment |
|---|---|---|
| Common | 1111 | 1.0X |
| Uncommon | 667 | 1.5X |
| Rare | 333 | 2.5X |
| Epic | 88 | 5.0X |
| Legendary | 23 | 10.0X |
Royalties
When an NFT is purchased or sold, there will be a 8% royalty on the overall transaction. Of that 50% will go into the project wallet and 50% will go into the NFT bank.