💰Adoption Minas Fund
As has been previously mentioned the goal of the initial generation of Adoptable Babes NFTs is to raise the capital to launch a fund that facilitates private adoptions across the USA through the interest of crypto trading.
How does it work?
Private adoptions in the USA can cost from $25,000 - $55,000, and that's not including the cost of bringing the child home and caring for it as it grows. Revenue from the initial sale of the Adoptable Babes NFTs will be 100% put into a high-interest trading account, very similar to a liquidity pool. The expected interest on the account is conservatively 5% per month. Approximately 40% of the interest will be used to cover operating costs and the remaining 60% to fund adoptions. As the fund grows and the initial mint of the Adoptable Babes NFTs is completed, it will be able to fund a full adoption every month, continuing to grow as the fund compounds and more liquidity is added.
Corporate Additions to the fund
Corporations have expressed interest in adding capital to the fund to increase the compounding interest and the value of the overall fund. This is becoming possible with the completion of necessary legal requirements. More information on this will be released as soon as available.
Last updated