# NiftyBuilders Club Pass We are one of the first NFT projects to launch as Alpha and Beta - delivering on one of the most advanced and innovative staking mechanics ever. NiftyRecords will set the pace for the future of staking on Web3. But it all starts with **YOU.** We need all you beautiful community members to help us build NiftyRecords for the future. We are going to give you all the chance to do it for **free.** ### What is the NiftyBuilders Club Pass NFT? It is entry into our exclusive test phases, with participants getting a % of our Mint revenue depending on how well they play (via our staking mechanics within the NiftyRecords metaverse). Why are we doing these test phases? It is an exclusive way for the team to test and validate our tokenomics and staking mechanics with our dedicated community members - doing so will ensure the best experience for our members. We will test in two phases - an Alpha and a Beta. The Alpha will be to test the waters with our basic staking mechanics and the Beta will incorporate the full production staking to test the tokenomics and scalability of our burn and supply mechanics. The NiftyBuilders Club Pass NFT is also a collectible to commemorate the work of early adopters. It will be a snapshot for us to look back later on the Alpha and Beta period and think of how amazing it was that it setup the project for success! {% hint style="success" %} All secondary sale revenue from the NiftyBuilders Club Pass will be reinvested into Marketing and Product Development for NiftyRecords. Every NiftyBuilders Club Pass has a 15% royalty on secondary sales when sold on marketplaces. The Team will not be taking revenue from the secondary sales. We will only be reinvesting it to scale marketing and product development to give NiftyRecords a headstart for the public mint. {% endhint %} ### Why should you participate? 1. It's a **FREE mint.** 2. To reward our Alpha/Beta testers, we are allocating a total of **7% of our mint revenue** across **ALL** NiftyBuilders Club Pass holders (2% Alpha, 5% Beta). Play our staking mechanics better than the rest, and get a larger piece of the mint revenue! ### How do I earn $SOL for being a part of the testing phases (Alpha and Beta)? Club Pass owners will be compensated for their participation at the end of each test phase - getting a percentage of the specific mint revenue. Compensation will depend on the amount of "fun money" $NIFTY generated in proportion to the total $NIFTY supply in the specific test phase (i.e. Alpha and Beta). If you want to learn how $NIFTY gets distributed daily, check out [Earning $NIFTY.](/niftyrecords/what-makes-us-diffferent/earning-usdnifty.md) The $NIFTY in your wallet will reset when the Alpha ends and the Beta starts. This gives everyone a chance to start afresh. The amount of $NIFTY you have in your wallet at the end of the Alpha and Beta will be recorded so we know how much of the mint revenue we airdrop to you. The longer you participate and the more active you are, the more NiftyCoin you get. Even if you come in at a later date from a drop you'll still be rewarded in equivalence with your participation due to the total $NIFTY coin generated. This will be fun money since DevNet, we will tally **\[?].** Note: The NiftyBuilders Club Pass will be its own NFT collection and available for resale and purchase on secondary marketplaces. ### How do I get a NiftyBuilders Club Pass? On **April 24th**, we will release **50 NiftyBuilder Club Passes** to all members who have already Whitelisted (you know who you are). We will open additional whitelist spots on April 19th to all Audiophile (lvl 13) and OG (lvl 21) roles in Discord to submit your wallet address to get on the waitlist for the April 24th Alpha mint. If you miss a chance to mint a Club Pass, we will be dropping additional passes randomly throughout the Alpha and Beta. Make sure you stay tuned for our future drops of Club Passes. Even if you already got a chance to mint one, you will be able to mint one club pass increasing your % stake of the mint revenue **\[NOT CLEAR]**. If you don't get a chance to cop a Club Pass through NiftyRecords, you can purchase one from a fellow community member who may sell it on a secondary market. ### **How does my NiftyBuilders Club Pass NFT turn into a 'test phase' NiftyRecord NFT?** > **tldr:** holding a NiftyBuilders Club Pass grants you a NiftyRecord airdrop in your DevNet wallet *(testing environment)*. The NiftyRecord airdropped is not a legitimate NFT, but a test NFT. On April 24th, we will airdrop a 'test phase' NiftyRecord into your DevNet wallet if you hold a NiftyBuilders Club Pass. The NiftyRecord in your DevNet wallet will behave the same way as a legitimate NFT but it will only be visible on the DevNet (testing environment). It will be in 1 of the 4 sleeves of rarity (see [Minting](/niftyrecords/niftyrecords/minting.md) for my info). You will not be able to sell the NiftyRecord on a secondary marketplace as the NiftyBuilders Club Pass grants or revokes your DevNet NiftyRecord depending on if it's in your wallet or not. ### What if I sell my NiftyBuilders Club Pass on a marketplace? If you sell your NiftyBuilders Club Pass, your NiftyRecord will be removed from your DevNet wallet within a few hours and you will no longer be able to stake for $NIFTY. But the $NIFTY in your DevNet wallet stays until the end of the Alpha and Beta to ensure that you get rewarded a part of the mint revenue proportional with the $NIFTY you earned of the total supply during the Alpha or Beta. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://nifty-records.gitbook.io/niftyrecords/what-makes-us-diffferent/niftybuilders-club-pass.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.