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SHILL Issue 74

Solana ecosystem magazine.

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Sentries NFT holder benefit. If you hold a Sentry PFP NFT<br />

and a Lode Link (earned by HODLing), you can participate<br />

in 0% commission SOL staking. Public/non-holders<br />

are subject to a 7% commission rate.<br />

And The Lode is pretty popular, as the total stake of the<br />

validator is over 100k SOL at the time of writing. In fact,<br />

the Lode is #1 validator by the rankings of Marinade<br />

Finance. Not bad!<br />

The revenue from the B2B services will supplement the operational<br />

budget.<br />

Sentries holders can participate in the referral program, allowing<br />

them to earn rewards for referring B2B Services clients to Sentries,<br />

with bonuses depending on the number of Sentries held and their<br />

Power.<br />

Sentries NFTs<br />

As mentioned above, Sentries NFT holders will get discounted<br />

access to RPC nodes and B2B referral programs. There’s also a<br />

Flex-&-Earn incentive to use Sentries PHP on Twitter. Those who<br />

have a Sentries NFT as a profile image will earn additional rewards.<br />

Although so far, this wasn’t a strong incentive, as only 250 people<br />

are using Sentries as PFP.<br />

On top of that, holders also receive the revenue share from the Lode<br />

rewards, and they can even power up the rewards by delegating 5<br />

SOL in the Lode. There’s no limit to how much SOL you can delegate<br />

to the validator, but only 5 SOL per Sentrie staked will give the additional<br />

reward.<br />

Overall, The Lode rewards to holders boil down to a pro-rata 5%<br />

share of business gross profits, plus a pro-rata share of the 3% commission<br />

per Sentries NFT powered by 5 SOL stake.<br />

As per the current expected APY, revenue from the Lode<br />

stake would be ~65000 SOL. Portion of those rewards<br />

will be distributed to Sentries holders.<br />

RPC nodes<br />

Another component is RPC nodes. RPC, or Remote Procedure<br />

Call, allows users and applications to communicate<br />

with validator nodes. Think of it as the middle-man<br />

in your transaction or someone who translates your<br />

request for the blockchain.<br />

Sentries will use part of the mint funds to develop a<br />

permissionless, on-demand RPC Node access system. It<br />

will be available to the public at the default pricing, while<br />

Sentry holders will receive discounted access based on<br />

the number of Sentries held.<br />

Access to RPC nodes comes in handy for NFT investors<br />

who love snipping NFTs. The competition between snippers<br />

is also high, and a fast RPC node can give a huge<br />

advantage.<br />

B2B Services<br />

The next category is B2B Services. Sentries will provide<br />

validator and RPC node services to businesses. This is<br />

all about hardware, set-up, maintenance, support, and<br />

UI UX.<br />

At certain thresholds, Sentry holders will also unlock additional<br />

perks, including visual upgrades.<br />

Final thoughts<br />

When the primary holder’s benefit relies on a passive income, the<br />

amount of that passive income will define the NFT collection appreciation<br />

in value. At this point, it is hard to predict how much revenue<br />

the business will generate. But whatever the revenue, we must keep<br />

in mind that the revenue share will be divided by 8888. Calculating<br />

the rewards holders receive from Lode stake by today’s APY would<br />

bring less than 1 SOL yearly per one Sentries NFT without power-ups.<br />

So, holding one or a couple of Sentries might not bring life-changing<br />

money, but if you have a larger bag, after some time, you might accumulate<br />

a worthwhile amount of SOL, especially if the Sentries will<br />

keep growing as a business bringing more and more revenue.<br />

A lot depends on the team and how they will manage to grow the<br />

business. And the team looks decent. It was doxxed by Bifrost and<br />

Alpha Labs.<br />

The team has people with expertise in law, B2B marketing, business<br />

scaling, crypto, Solana RPC node operators, community engagement,<br />

tokenomics experts, internet infrastructure, cloud services,<br />

and more.<br />

The weakest point is art. It looks like a cheap Fiverr artist made it,<br />

the character is not something large audiences would identify with,<br />

has no facial expressions making it harder to relate to. Regardless,<br />

utility projects don’t need high-end art, but nice-looking PFPs always<br />

help. Hopefully, the art upgrades will bring something fresh to the<br />

table.<br />

Nothing in this article is financial advice! Always do your research!

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