Gentlemen Noteworthy | Accounting FAQ

What % of the revenue from mint and royalties will go back into the project?
The current plan is to take 100% of the revenue from the genesis collection and put it towards the Generative Collection by investing in additional artists, animators, community managers, marketing, and developers for our unique smart contract plans. We will take 50% of the revenue from the Generative Collection mint and put it into a war chest to invest and grow the Charlie Nibbles and Gentlemen Noteworthy brand. 50% of all royalties will go back into the business to grow and develop.

Where will the funds be held?
We will use a publicly visible Gnosis Safe Multi-Signature Vault. This is a crypto wallet that requires multiple signatures to move any funds out of the vault.

Do the 50% of mint and 25% of royalties take taxes into consideration?
We will be taking taxes into consideration and the amount deposited into the company vault will be in a post-tax format.

Will there be staking to generate passive income for holding one of the NFTs?
We are considering a staking function to work in tandem with the “nesting” function to passively generate $APE.

What % of the collections will be held by the team and the vault?
We will take 20% of our genesis mint supply and 10% of our generative collection mints and immediately put them into the vault for promotional use. The team will have access to mint with the same status as our highest roles.

What are the current funds for the project?
We are all well-funded professionals and investors with around 100k set aside to use if necessary. The plan is to run a successful Genesis Collection with organic growth that will fund the first phases of the project.