Sounds sweet, right? But what exactly does it mean? Let's figure it out together step-by-step.
First of all, NEARton is NFT Collection itself. Each house is NFT with its own rarity attributes.
We will have a map of the town, and a shareable gallery page for each house to show off your home and your other NFTs.
DeFi strategy game - this doesn't mean that it's a "classic game" where you fight against mobs. We're going to gamify the NFT staking process with rarities, boosters, and the ability to stake NFTs from other well-known collections. So, the combination of all your NFTs will affect your $NEXP rewards rate.
You can spend $NEXP inside (and we hope outside) the town on additional accessories for your houses, gambling, self-promotion on local radio, and other fun stuff.
After NFTs distribution, we're going to create a DAO for all holders. DAO will decide which other collections to partner with for staking.
Our main goal is to connect strong NFT communities on NEAR and provide additional utility for NFT collectibles by staking.
NEARton is the project for the ecosystem, and we believe it can attract more NFT collectors from other chains and make rarity sniping fun again.
And, of course, NEARton is a fun way to flex your NFTs.
You are probably already familiar with the staking concept from the DeFi sector or know about the Proof of stake consensus mechanism, but what the heck is "NFT Staking"?
Let's dive into that.
In short, you stake your NFTs by locking them in the Smart Contract Vault and then receive $NEXP rewards according to your Staking Rate.
We don't control your NFTs. You can unstake them at any time
Not every NFT will be eligible for staking. Initially, you can stake only NEARton NFTs, but we're going to connect with trusted collections to create the pool. It's up to the community to decide which one should be in the pool.
The Staking Rate is the most interesting and tricky thing because its value is calculated based on your assets.
Each home has a base Staking Rate (bSR)
bSR is calculated based on house district and rarity attributes.
bSR is static. You will know it after the mint.
And if you stake more than one home there are bonus points (BP) per each NFT.
The NFTs from external collections will also have their own bSR and BP.
NOTE: BP is needed to encourage people to accumulate assets in one account to get more rewards.
To clarify the process, take a look at the picture below.
In short, the more NFTs you stake, the more $NEXP you get. We give a bonus for staking more than one NFT from the same collection.
You earn rewards per day (24h cycle) and can claim them anytime.
$NEXP ( NEAR eXperience Points) is the utility and loyalty token dedicated to NFT enthusiasts on NEAR Protocol.
The main purpose of the $NEXP token is to reward early NFT adopters on NEAR and add additional utility for our NFTs & others collections.
But what about utility?
- Ability to buy NEARton NFTs via $NEXP
- NEARton will create the ecosystem around it so both residents and guests will be able to spend $NEXP inside the town.
- Partnerships with NFT collections will let people buy some part of supply via $NEXP
Think about $NEXP not only as "money", it's like XP in RPG. The more good NFTs you collect, the more $NEXP you get.
$NEXP is the opportunity for the devs to engage their holders in the long term and give another reason to HODL their NFTs.
Total Supply - 100,000,000
|Purpose||% of Total Supply||Number of Tokens||Circulation|
|Team||15%||15,000,000||12-month vesting period|
|Marketing & Airdrops||1%||1,000,000||Initial Circulation|
|Liquidity pools||4%||4,000,000||Initial Circulation|
|VCs & Advisors||15%||15,000,000||6-month vesting period|
|Public Sale||15%||15,000,000||Initial Circulation|
|Staking Rewards||50%||50,000,000||18-month distribution period|
Total Initial Circulation - 20,000,000 (20%)