Legacy NFTs

The Legacy NFT is a yield-generating asset that is 100% backed by real-world utility products.

Overview

Legacy NFTs are the primary asset of the Ark Fi ecosystem and have no earning limits.

• Simply mint and hold an NFT in your Web3.0 wallet to earn your share of the profits generated by Ark Fi utilities.

• Minting is capped at 6,000,000 USDT worth of NFTs.

• In addition to passive earnings, the Legacy NFT also unlocks discounts on ecosystem products and VIP access to everything Ark Fi.

Legacy NFTs can be minted using Tether USD (USDT) on the Polygon Network.

Website	https://app.arkfi.io
Network	Polygon Network (MATIC)
Contract Address	0x8d0323d3431802b93ebe2c1180e33ff66e32543e
Mint an NFT	https://app.arkfi.io/legacy

Capital Pool

• The value of the Legacy NFT Capital Pool at any given time is equal to the total value of NFTs minted.

• The Capital Pool is capped at 6,000,000 USDT.

• Once 6,000,000 USDT worth of NFTs have been minted, the Capital Pool is filled and no more NFTs will be minted.

100% of the NFT minting cost is used for business development to grow the utility revenue and expand the product offering.

The USDT paid to mint an NFT is used for development and marketing.

Capital Tiers

• When an NFT is minted, it is assigned a Capital Tier.

• Each Capital Tier has a maximum USDT value called a Tier Cap.

• When the total value of NFTs minted reaches the Tier Cap, the Capital Tier value increases (Tier 1, Tier 2, Tier 3...).

Tier 1 is the largest Capital Tier, rewarding early investors with the highest earning potential.

Minting an NFT

• To mint an NFT, connect a Web3.0 wallet and deposit USDT (Polygon Network) into the Legacy NFT contract via the Dapp page: https://app.arkfi.io/legacy
• The minting transaction costs a small gas fee, paid in the MATIC token.

• While the Capital Pool remains below 6,000,000 USDT, there is no limit to the number of NFTs that can be minted at each NFT level.

• Higher level NFTs own a greater share of the Capital Pool and yield higher rewards, paid in USDT.

Higher level NFTs increase your ownership share of the rewards.

Once minted, NFTs can be transferred to another wallet with zero transfer tax. There is no limit to the number of NFTs held in a single wallet.

Yield Boost

• To reward early NFT minters who invest more capital, a Yield Boost factor is assigned to the NFT at the time of minting.

• The Yield Boost increases the share value of an NFT but doesn’t reduce the available Capital Pool.

The Yield Boost factor encourages investors to mint early (locking in the highest paying Capital Tier) and upgrade their NFT to higher levels before the Capital Pool is depleted.

Early investors take a higher risk and are paid the highest reward.

NFT Consolidation

• Consolidating multiple NFTs into a higher level NFT can result in a higher Yield Boost.

• A minimum of 2 NFTs are required to consolidate into a higher level NFT.

• If the combined values of NFTs is insufficient to mint a higher level NFT, a mint credit or USDT (or combination of the two) can be added to overcome the deficit.

• The NFTs combined are sent to a burn wallet and a new, higher level NFT is minted.

When consolidating, the Tier value from the highest level NFT being combined will be adopted by the newly minted NFT.

In this example, existing NFTs, a mint credit and USDT are consolidated to mint a Platinum NFT

NFT Upgrading

• Upgrading to a higher level will increase the share ownership and Yield Boost of the NFT.

• To upgrade an NFT, the value must come from USDT or a mint credit (or combination of the two).

• During the upgrade process, the original NFT isn't burned and a new NFT is not minted.

When upgrading, the Tier Value of the NFT will not change.

In this example, a Bronze NFT is upgraded to a Platinum NFT by adding USDT.

Rewards Pool

• 60% of the profits from the Ark Fi utility products are sent to the NFT Rewards Pool.

• The frequency of injections into the rewards pool is determined by the volume of profits.

• Each day, 2% of the rewards pool value is distributed to NFT holders based on their ownership share of the pool.

The Legacy NFT rewards pool is fed by profits from the sale of utility products.

Available rewards can be claimed by connecting the wallet holding your NFTs to the Dapp. Claiming NFT rewards costs a small gas fee, paid in the MATIC token.

Rewards Payout

• Holders of the Legacy NFT earn a variable reward, paid out in USDT.

• Daily payout = ownership share x (0.02 x rewards pool value)

• The value of your NFT, including the Yield Boost, represents your ownership share.

Ownership Share Formula	Variable Descriptions
OS = MV x (100 + B) / TS	OS = Ownership share of the rewards pool
	MV = NFT mint value
	B = NFT yield boost % based on level and tier
	TS = Total value of NFTs minted + boost value

The total shares outstanding can exceed the Capital Pool cap of 6,000,000 USDT.