US) is simply the amount of JOE tokens that 'back' a
fNFTBond. The NFT is backed by JOE tokens in the sense that it is entitled to receive rewards generated by that amount of JOE tokens. This metrics is utilised to issue shares to
fNFTbond holders. Issued shares are used to account for reinvested revenue.
USof a bond will simply be its cost.
USwill grow. This is because during every reward emission, the part that is reinvested is accounted for through the increase of
USfor all bonds minted before the date of issuing. This is done in order to guarantee ownership of future passive income generated by the compounded amount.
fNFTBonds get minted at launch.
USand a Level 2 NFT will have 100