5. Rewards and $SCOTCH Generation

The generation of $SCOTCH tokens is a crucial part of the NFTVenues experience. There are two primary types of NFTs in our ecosystem:

1. Founder Pass:

Holders of the Founder Pass can not only vote on the acquisition of new venues but also receive rewards in $SCOTCH tokens for each new venue added to our portfolio.

2. Specific Venue:

Each venue in our platform has its collection of specific NFTs. These NFTs provide unique benefits within the venues and also include a quarterly amount of $SCOTCH related to the venue's performance.

Blocks and Multipliers

At NFTVenues, we consider a "block" as four NFTs of the same type. Blocks are designed to increase $SCOTCH generation and offer reward multipliers based on the type of block owned and its applicability to closed deals.

Quarterly $SCOTCH Distribution

The distribution of $SCOTCH occurs quarterly through our rewards platform. To be eligible, holders must promote the platform through a tweet, ensuring active and ongoing promotion of NFTVenues.

Marketplace and Redeemable Assets

Our marketplace is a fundamental component of the NFTVenues experience. Here, $SCOTCH token holders can redeem their tokens for a wide variety of assets and unique experiences, including:

Digital Assets: Exclusive NFTs that offer various digital experiences and collectibles.

Physical Items: Premium whiskey bottles, collectible merchandise, and more.

Gastronomic Journeys: Exclusive culinary experiences and food-related adventures.

Additionally, the marketplace will feature Exclusive Deals that can only be accessed using $SCOTCH tokens, offering our community even more unique opportunities.

Community Benefits

The expansion of NFTVenues and community decisions are intrinsically linked. The more venues join our ecosystem, the higher the generation of $SCOTCH tokens, and thus, the number of assets and experiences that token holders can acquire in our marketplace.