2nd Collateral NFT Sale
Overview
Second Collateral NFT sale (CPT id 10475, published Nov 28 2024, modified Dec 17 2024). 3,334 NFTs at 900 $EMP each locked ~3 million $EMP as collateral for "127 Rosebank," a 56-home development in Nairobi, Kenya, built by BrownCap.
Key Details
- Launch Date: December 17
- Total NFTs: 3,334
- Price per NFT: 900 $EMP
- Total $EMP locked: ~3,000,000
- APR: 11.1%
- Lock-up period: 1 year
- Buyback price: 1,000 $EMP per NFT
- Reward per NFT: 100 $EMP
- FC NFT holder priority: 500 NFTs reserved for first 24 hours
Supported Project
- 127 Rosebank — a 56-home development in Nairobi, Kenya
- Mix: studio, 1-bedroom, and 2-bedroom apartments
- Developer: BrownCap — "a top property developer in Kenya," using Empowa Pay since mid-2024
What Are Collateral NFTs?
NFTs that enable $EMP token holders to support housing developers to meet their collateral obligations, while also earning $EMP rewards.
How to Earn Rewards
- Buy NFT for 900 $EMP.
- Lock $EMP for 1 year.
- Empowa repurchases NFT for 1,000 $EMP after lockup.
Project Support
The NFTs support collateral for 127 Rosebank — a development of 56 homes in Nairobi, Kenya — with studio, 1-bedroom, and 2-bedroom apartments. Developer BrownCap is a top property developer in Kenya that has been using Empowa Pay since mid-year.
Eligibility
FC NFT holders receive priority access to 500 NFTs in the first 24 hours; general public thereafter.
Stats
- 3,334 — NFTs on sale
- 900 $EMP — Price per NFT
- 3,000,000 $EMP — Total locked
- 1,000 $EMP — Buyback price
- 100 $EMP — Reward per NFT
- 11.1% — APR
- 1 year — Lock-up
- 500 — NFTs reserved for FC NFT holders (first 24h)
- 56 — Homes at 127 Rosebank
Status
Historical / recent sale (December 2024).