We are extremely grateful for the investments generated from our NFT collection sale, and we have been working hard to put them to good use. Here's a breakdown of how we have used these funds:
- Payouts to the team: We used 15% to pay our dedicated team members, who have been working tirelessly to develop and launch the Calileo platform.
- Support for SuperVictor: We donated 3% to SuperVictor, a charitable organization dedicated to helping Victor, who suffers from spinal muscular amyotrophy. We believe in supporting important causes and giving back to our community.
- Marketing: We allocated 7% towards marketing efforts, including social media advertising and community outreach. We want to make sure that people know about Calileo and the unique benefits it can offer.
- Legal and business expenses: We allocated 9% of our funds towards legal and business expenses, which included consultations with legal experts and accountants. As a result, we have been able to maintain transparency and accountability in our operations. It is worth noting that a significant portion of this allocation remains in our treasury as FIAT currency.
- App UX/UI design and technical development: We allocated a significant portion of our funds (56%) towards the development of the Calileo app's user experience and user interface design. We also invested in the technical development of the app to ensure that the MVP release arrives shortly.
Moving forward, we plan to use the remaining funds in our treasury in EGLD and FIAT currency to advance the Calileo platform further. We will be focusing on providing more features such as the CAL token sales, its integration, liquidity, new content creator-focused features in the app, and marketing activities. We believe that these efforts will help us build a robust and sustainable platform that can deliver real value to our users and investors alike.
Transparency Report: Purpose & Utilization of NFT Collection Sale Investments