![seedxbelemodef.png](https://images.hive.blog/DQmPw9jNNa7wDruDZnvj4XmwH1ymBk6npaR2TXiiZUu3hWp/seedxbelemodef.png)

Yay! Good Friday evening everyone :)
 you can't imagine how happy I'm to share this news!

Starting today, long-term hivian @belemo starts collaborating with us (@seed-treasury) in our Defi & NFT expansion; more concretely through Splinterlands. More details to follow. 

#### A bit of background


Those of you who follow our Nigerian prince @belemo will probably already know that the situation in Nigeria is not particularly good.

Instability is so great that even people's physical integrity is threatened, and this is no exception. @belemo has long been making plans to leave the country. But people in that situation have a big problem. Since wages in those countries are very low in dollar terms ([According to this source](https://www.statista.com/statistics/1119133/monthly-minimum-wage-in-nigeria/#:~:text=Monthly%20minimum%20wage%20in%20Nigeria%202018%2D2021&text=On%20average%2C%20the%20monthly%20cost,30%20thousand%20Naira%20became%20law.), we're talking about 30K Naira or ~72$ as the minimum monthly wage), it's almost impossible for them to overcome that virtual barrier *if they only rely on local sources of income*. 

This makes places like HIVE very attractive for people willing to put the work in. And belemo did a great job on that sense over the years, amassing a decent fortune. 

However, he has a major dilemma, and that is to sell part of his assets, as in doing so he also loses his most important sources of income.

#### And this is where we come in (us, Project SEED). 

Belemo has a splinterlands deck valued at 4500$. If he tries to sell it all quickly, he is likely to lose significant value along the way.

Instead, we have come to the following agreement:

@seed-treasury (as the holding account), is purchasing all the NFT cards at market prices in exchange for 4500 HBD. After that, we're delegating all the cards back to belemo. 

As a condition for this and from now onwards, belemo will pay **25% of his net splinterlands earnings** to us, (we have preliminarily agreed to do it between seasons, as well as keeping in touch with each other when upgrading cards, etc.)

EDIT (*for clarification*): **25% of the net earnings coming from our cards delegated to him**. Not on all his other splinterlands assets like packs, lands & skins. 



#### Win-Win? I'm all in. 

Think about it.

- **@belemo is getting instantly a decent amount of cash**, which will surely help a lot, **WITHOUT losing the ability to keep generating income** through his cards and his gaming skills.

- We're **acquiring a new type of assets** (splinterland NFT cards), **without consuming my time** to play the daily quests. Plus we're also getting **another source of income**, likely to increase as time passes. In case any of the parts don't want to keep up with the deal, the cards are always in **our control**. 

- We're also getting a SPS airdrop for ~100 days, which will be fully owned by us, obviously. 

I consider the deal in a 'testing phase', but in case I/We feel good with the results, we can always invest more into a better deck and aspire for the higher leagues (*are u reading this, mah Nigerian prince?*). 

**Whatever the case, it's a win-win. ** Welcome to the fam @belemo!  (always has been) :) 

Enjoy the weekend! 

![image.png](https://images.hive.blog/DQmXrR1Hq3pr6t77Dwt7UgRuyJvbWbU5cxpZYzhVKSYNfzs/image.png)

**100% of blogging rewards paid to** @seed-treasury. 
 Remember you can follow the portfolio in real-time here:

https://cointracking.info/portfolio/seedtreasury

You can join us on [Telegram](https://t.me/empoderatss) and follow me on [Twitter](https://twitter.com/elempoderat).

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