---
# System prepended metadata

title: 'Njordson Report: May, June and July 2022'

---

# Njordson Report: May, June and July 2022

Njord and Njordson are [Kanaria gems](https://url.rmrk.app/gems) that give their holders (technically, the holders of the NFT birds holding the gems) 19.7% of revenue from the RMRK team's future profits. For details, please see linked post.

> ⚠ Remember! Being a Njordson holder is an active role! You **MUST** keep your Njordson equipped ALL month to be eligible for the drop. If you unequipped the gem at any point during the month, you will be skipped in that month's payouts and forfeit your share. If you bought a Njordson and the previous owner had it unequipped at any point in time, you also do not qualify and have to wait until the next month!

*We skipped May because the expenses far exceeded profits in that month.*


- June multi-sig earnings from commission and royalties: 854.64948
- June staking earnings:
  - Earnings from validator stake in month: 70.1797
  - Earnings from Kraken stake in month: 247.7868694
  - Earnings from MOVR stake in month: 165.99
- Total: 1363.842964 KSM

The expenses in June were 144k USD, so there is no revenue distribution in June either.

- July multi-sig earnings from commission and royalties: 395.75
- July staking earnings:
  - Earnings from validator stake in month: 21.35
  - Earnings from Kraken stake in month: 228.49
  - Earnings from MOVR stake in month: 123.85
- Total: 799.05 KSM

The expenses in July were 137k USD, so there is no revenue distributuon in July either.

_Note: Conversion from MOVR to KSM might not be fully accurate in today's prices because the price was taken at the time of calculation._


## Land Sale Payout

The Skybreach Land sale has been an unexpected success. By June 30th, the sale had collected 935,636 xcRMRK. As [initally promised](https://rmrk.gitbook.io/kanaria-skybreach/fundamentals/land/land-sale#njord-son), Njord/son holders would be entitled to 5% total of this amount: 46781.8.

This means every Njord is entitled to 1187.355 RMRK and every Njordson to 237.471 RMRK. The RMRK will be sent to your [Statemine address](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fstatemine-rpc.polkadot.io#/assets/balances). From there you can [bridge it to Moonriver](https://apps.moonbeam.network/moonriver/) xcRMRK or do anything else you want with it.

To prevent sending money into accounts users may have forgotten about, we are integrating a _pull_ mechanic. This Njordson report is published as an NFT. Njord/son holders must emote on the report to acknowledge they have read and accepted the report, this emote action will trigger a payout to their account (within 48 hours). All Njord/son holders who do NOT emote on it within 6 months will forfeit their claim to their part of the revenue share. Their share will go into a DAO where tokenholders will decide how to best utilize these funds. 

This pull mechanic will give Njord/son holders the control to determine the timing of the payout to their specific needs, and will also ensure funds remain with those engaged with the project or used by the DAO for strategic project benefiting outcomes. 

### How do I get paid?

If you are reading this offline (out of an NFT) and are in the [qualified list](https://gist.github.com/Swader/8b339d97f5a0b82100f29db61b839b31), please find the report you qualify for [in this collection](https://singular.app/collections/e0b9bdcc456a36497a-NJORDREP) and emote on the NFT with 💸 or any other emoji. This will indicate which accounts are active. We will try to do the payout within a day or two of you emoting on it. You have 6 months to do this.

The RMRK will be delivered to your Statemine address (identical to your KSM address but residing on the [Statemine chain](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fstatemine-rpc.polkadot.io#/accounts)). To learn what Statemine and RMRK on Statemine are, please see [the tokens page](https://singular.app/tokens).

## Keeping up

In order to be informed of future Njordson reports, please:

- follow us via any of our announcement channels: on [our Twitter](https://twitter.com/rmrkapp), our [announcement Telegram](https://t.me/rmrk_ann), our [community Kanaria Skybreach telegram](https://t.me/skybreach), and our [NFT telegram community](https://t.me/rmrkapp), as well as our [newsletter](https://news.nft.review) and the [blog](https://app.subsocial.network/@rmrkapp).

## Getting a Njord/son gem

You can only get a Njord/son gem by buying a bird which holds one. To find all Njord/son gems for sale, go to the [Gems catalog in Kanaria](https://kanaria.rmrk.app/catalogue?nftType=gems&page=1&sortBy=serialNumber) and find the one you want, then click on it. The table underneath the Gem's image will contain a list of all such gems for sale.

![](https://i.imgur.com/F0jQmwk.png)
