LandTrust RTFKT Vault #7

LandTrust Vault #7 NFTs are backed by RTFKT Space Pods. By purchasing the NFT, you become an owner of a fraction of the NFT(s) held by the Vault.

Project: RTFKT Space Pods
Goal: Buy Space Pods with "Buy Now" and flip at 2X.
Vault size: 3 ETH
Number of NFTs: 30
Mint price: 0.1 ETH
Strategy: "Buy now", flip 2X or auction off in 1 year
Mint Deadline: Aug 18, 2022
Management Fee: 5%
Success Fee: 20%

How does the Vault #7 work?
LandTrust Vault #7 pools together ETH by minting 30 NFTs at 0.1 ETH and buys RTFKT Space Pods. The vault lists acquired asset at 2X price until sold. If the asset is not sold during the next 360 days, the vault auctions off the asset.

Each holder of vault #7 NFT is able to claim pro-rata proceeds of the vault when the assets are sold (minus fees). By claiming the proceeds the vault #7 NFTs will be burned.

A 5% management fee is applied to initial mint proceeds used by the team to cover the vault’s smart contract deployment costs. A 20% success fee is applied to the vault’s profit (i.e. the difference between the total buying and selling price of the pool assets in ETH after the liquidation of all of the assets).