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The official files can be found here:
Honey_Development_Association_Articles_of_association_(FR-ENG)_à_signer.docx.pdf
This is an edited version, for readability purposes. (Translated Below)
| 1 | Vente par l’association de 10’000 NFTs à un prix moyen de 2.15 SOL/NFT; 1 SOL ≈ $100 => produit total environ $2m | | --- | --- | | 2 | IDO: 85m jetons $Honey émis (i.e. 8.5% du « total supply »), produit $755k => valeur par $Honey = 0.009$ | | 3 | « Native farming »: dépôt de NFT en contrepartie de $Honey (75m de jetons $Honey – i.e. 7.5% du « total supply »- alloués aux déposants | | 4 | Dépôt de $Honey en contrepartie de veHoney; nombre de veHoney reçus selon nombre de $Honey déposés et durée du dépôt | | 5 | Répartition des bénéfices décidée par la DAO: en principe, 25% à HoneyLabs |
<aside> ⚠️ This is a translated version, done by the team and as such does not represent anything legal. It only serves to facilitate comprehension for English speakers.
</aside>
Translated, unofficial schematic
| 1 | 10 000NFT sale by the association at an average price of 2.15SOL/NFT; 1 SOL ~ $100 ⇒ Total approx. $2m |
|---|---|
| 2 | IDO: 85m $Honey tokens “emitted” (i.e. 8.5% of “total supply”) total $755k ⇒ $Honey value: $0.009 |
| 3 | “Native farming”: deposit of NFTs in exchange for $Honey (75m $Honey allocated to depositors - i.e. 7.5% of “total supply” |
| 4 | Deposit of $Honey in exchange for veHONEY; amount of veHONEY received depending on amount of $Honey and duration of deposit |
| 5 | Distribution of profits decided by the DAO: normally, 25% to HoneyLabs. |
Translated, unofficial table