Project Goals

Goals for success

Timeline of the project

Asic Miners UK has set goals for continuing their project up to three years (or possibly more). This includes 100wETH in sales by January 2023. PickAXE DAO is focused on supporting the goals of ASIC miners so our members can continue to see returns on their investments for the life of the project (156 week total!).

Weekly ROI

The NFTs we will purchase will give members the ability to receive weekly payouts. Fractionalizing the ASIC Miners UK NFTs and other future NFTs approved by the DAO/Team will ensure weekly payouts are sent out every Friday.

The NFTs are designed with the idea that each week an NFT will be able to receive ROI on their PickAXE DAO NFT.

You must own the NFT for 1 week before it is eligible for payouts. This is required so we can use any funds collected from new mints to purchase a new Miner NFT to ensure the ROI goal we are setting. Since mints will be ongoing this means we may be 75% to buying a new miner until more NFTs are minted. Updates will occur on our discord for each purchased NFT and how close we are to buying the next NFT.

PickAXE NFT

The creation and listing of the PickAXE NFT will be the token used for fractionalization of our treasury of Miner NFTs. If 40 NFTs are minted then each NFT will pay out 1/40th of the weekly payouts received by the Miners we own. If 300 NFTs are minted each NFT will payout 1/300th of the weekly payout received. *Note- the more NFTs we mint the more miners we can purchase so returns will be relatively consistent whether you buy a PickAXE NFT on day 1 or day 300*