How Does It Work?

Below is a more comprehensive explanation of the process and each persons role in the scholarship system

MANAGERS

Managers may offer scholarships to those without their own NFT assets. The manager and the scholar agree to a share in any prize / pay-out earned in return for use of their chosen NFTs.

The manager requires one platform NFT per contract they create. Managers can offer up to 20 Weapons NFT and up to 10 Utility NFT per contract to be used by the scholar as part of the agreement.

It is important to note ALL NFTs are locked and cannot be traded while they are part of an existing scholarship agreement. No NFTs are exchanged, the ID it simply marked as unusable until the contract period elapses.

SCHOLARS

Scholars are players who do not own NFT assets that wish to participate in the Play For Rewards events such as lotteries, tournaments and league placements. You can earn by playing the game on behalf of a manager who loans you their NFT assets. In return for your time, you will earn a percentage of the rewards earned during that period (likely to be seasonal) as agreed upon at the contract agreement stage.

For the protection of scholars, the minimum split you can earn is 30%, the maximum 90%. Upon commencement of the agreed contract, the contract cannot be changed by any party.

PROMOTERS

Promoters may be hired by either party to find suitable candidates for managers/scholars. Promoters will have access to the list of assets owned by the manager but do not have the ability to buy, sell, or manage them. They are for advertising purposes only.

A promoter may be hired for a flat fee or may agree to a percentage of the rewards earned by the scholar as payment for their services.

The promoters’ role is not only to procure candidates but also to manage the scholar’s performance. Typically offering support, tips and tricks, and tactical advice etc. The promoter cannot terminate an agreement but acts as a middleman between the scholar and manager in the case where the manager wishes to retain anonymity. Scholars CANNOT be anonymous.

The split agreed will be reflected in the contract prior to submission and the split will be taken equally from both the manager/scholar. The split cannot be less than 5% and cannot exceed 30%.