FAQ
What is CRIB?
CRIB is an NFT project built on the Solana blockchain, offering fractional ownership in real estate developments through the purchase of NFTs. The capital raised from NFT sales will be used for the acquisition, development, and enhancement of a wide-ranging portfolio of physical properties, enabling owners of the NFTs to generate returns.
What types of properties will be included in the portfolio?
- Affordable Residential Builds
- Luxury Residential Builds
- Multifamily Value-Add
- Commercial-to-Multifamily Conversions
- Commercial Properties
How are rewards distributed?
Rewards are distributed from the Reward Pool, which is funded by proceeds generated from successful project completions. Distributions will be made in either SOL or USDC, based on decisions finalized through the community governance process.
Will the NFT supply be limited?
Yes, the total NFT supply is locked at 33,333 to ensure exclusivity and avoid dilution of value for holders.
How long do property projects take to complete?
Timelines vary based on property type:
- Affordable Residential Builds: 6-12 Months
- Luxury Residential Builds: 10-12 Months
- Commercial Properties: 12-16 Months
- Multi-Family Value-Add: 18-60 Months
- Commercial-to-Residential Conversions: 18-60 Months
Will there be additional NFT drops or airdrops?
No, the total supply of NFTs is capped at 33,333. Airdrops are not included to maintain exclusivity and avoid dilution of value for existing holders.
What benefits do CRIB holders receive?
General Rewards
- Access to Reward Pool Payouts: Active members are entitled to a share of the reward pool to be distributed upon the successful sale of each project.
- Recognition Programs: A leaderboard for most active community members or contributors, with top participants receiving exclusive perks.
- Access to Private Events*: Invitations to networking events with real estate developers, managers, and realtors as well as blockchain experts in real world assets.
- Community Challenges and Engagement Activities*: Gamified activities with prizes.
- NFT Upgrade Opportunities*: Limited-time options to visually upgrade existing NFTs through new layers.
- Metaverse and Virtual Experiences*: Access to virtual tours or gamified real estate experiences tied to portfolio properties.
- Seasonal and Milestone Perks*: Special rewards tied to project anniversaries, holidays, or key milestones.
- All inclusive project tours*: All-expenses-paid project tours for eligible members as developments near completion, including covered airfare and accommodations.
Rewards Exclusive to Presale Participants
- Discounted Mint Price: Presale participants can mint NFTs at a reduced rate of 2.0 SOL, compared to the standard launch price of 2.5 SOL
- Priority Access to Future Opportunities: Early access to new features, utilities, or expansions within the project ecosystem.
- Recognition in the Ecosystem:
- “Founding Member” badges displayed on community profiles.
- Acknowledgment as early supporters in project updates or exclusive channels.
Will the portfolio expand internationally?
Yes, the portfolio will eventually include properties in the Middle East, Europe and Asia, further diversifying investments and maximizing returns for NFT holders.
How do I trade my NFT after minting?
NFTs can be traded on Solana-based marketplaces such as Magic Eden and SolSea
What is the expected return on investment (ROI) per project?
Projected returns vary based on property types and market conditions. Refer to the white paper for more details on the ROI break down.
How can I stay updated on the project?
Join our community and follow us on:
- Website: [Link]
- Discord: [Link]
- Twitter: [Link]
- Telegram: [Link]
- TikTok: [Link]
