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The most important information about Mintosaurs NFT1. Our website: mintosaurs.com;
Staking Conditions;
Deflationary mechanism;
We are developing @Toncoin_Monster_Bot — a set of services (presale, auction, lottery, airdrop, quiz) for creators of TON NFT and owners of Telegram channels. More about it in the project channel.
Mintosaur owners will be able to use these services for free. The same goes for paid services in our social network Tonometer.
How to buy Mintosaurs on Disintar marketplace.
Deflationary mechanism of MintosaursStaking is not the only mechanics that we are going to use in order to form the value of our NFT-collection and supply for it.
We are going to develop a mechanism of “burning” of the collection after minting.
How will it work?
An ecosystem of Tonometer services, that will be rapidly growing in the next months, generates a cash-flow. For now we take a payment for wallet verification (0.2 Toncoin) and for mailing in a bot (0.05 Toncoin). Tonometer collected more than 1200 Toncoin from November with these simple operations.
It is not a little amount bearing in mind that truly valuable and paid functionality will be emerging only in nearest future.
For example, we let our partners NFT-project Animal Red List use our bot for auctions. As a result of this iteration Tonometer earned 30 Toncoin for verifications. And here we do not consider paid utilisation of auctions’ functionality.
And then we will be talking not about thousands but dozens of thousand earned Toncoin.
15% of our earnings will be used for buying&burning of our collection. Then we will burn bought NFTs by sending it to zero-addresses.
We’ll fix the price of our previous pre-sale for the categories of our Mintosaurs. For example, for velociraptors it is actually 88 Toncoin and for Pterodactyls and Tyrannosaurs we will fix it as an average result of all auctions in a category.
We’ll be buying NFTs of our collection from secondary market exactly for this minimal price. Thus, we reach the following goals:
The “control of the bottom”. This mechanics will not allow the price to fall under the price of the last pre-sale. It will let us avoid panic sells after any negative news.
Adding of deflationary mechanics to our collection. All holder will know that the price either will not fall under defined value or the collection will reduce. Bearing in mind the fact that we will be forming a real demand with staking and opportunity to use our services for free. And for sure our marketing campaigns and integrations with our partners are worth remembering. It must make a sustainable growth of the collection’s value.
As of March 28, there were 1202 Toncoin in Tonometer wallet. 15% of this sum is 180 Toncoin. With considering the last pre-sale price of velociraptors (88 Toncoin) this sum will be enough to buy and burn 2 NFTs.
What are others who would like to sell a Mintosaur for minimal price expected to do? Wait.
Further we will develop a mechanism (by Telegram-bot) where you will be able to get in line for selling for this fixed price. Once in a period (for now in a quarter, then in a month) 15% of our revenue will be allocated for repurchase and burning. Those who got in line first, will be able to use this mechanism.
It will be impossible to just get in line. If you stay in queue, you will have to sell. It can be called a freeze of your NFT. We will begin in semi-manual mode and then transfer it to a smart-contract.
We do not know yet, how demanded will this repurchase be. Probably, it will not be used massively and a budget of repurchase will be growing, or the queue will be overcrowded. In any case deflationary pressure will be created and the further the bigger it is will be. And it will unavoidably pull the price up because of growing deficit of NFTs in our collection or because of expectations of this deficit.
What do you think about this functionality? Do you like it?
Conditions of Mintosaurs StakingActually the parameters of our collection are following:
— The number of NFT in collection: 5000;
— The total amount of rarity score: 980 845 points;
— The average rarity score of one NFT: 196 points.
Pay attention to the fact that the most of rare NFT haven't been sold yet, that’s why the actual average rarity score is twice lower (86 points).
As a staking we propose a lottery with high probability of winning.
The conditions of a lottery:
Prize fund: 15 000 Toncoin;
Number of tickets: 3000;
Number of prizes: 1500;
Probability of winning: 50%;
All prizes are equal to 10 Toncoin.
The period of lottery: till 1st June 2022
All the tickets will be distributed between Mintosaurs holders in 2 stages.
First stage “Instant”
During this stage the half of tickets will be distributed (1500 tickets). On 1st June we’ll analyse all wallets of Mintosaurs holders. As we wrote above, the total amount of rarity score of the collection is 980 845 points. We divided this number by 1500 tickets and it equals to 653 points. For this amount of points Mintosaurs owner gets one lottery ticket. If a holder has 2000 points, he’ll get 3 tickets respectively.
In a case when the amount of rarity points of a holder is below 653, they won’t get a ticket.
Next stage “Accumulative”
During this stage the second half of tickets will be distributed (1500 tickets) and those that weren’t distributed during the first stage (there are going to be users who won’t get the number of rarity points multiple of 653).
From 1st of April we’re analysing the Mintosaurs holders’ wallets and adding extra +1% of rarity points per day to already collected stake. Allowable, you’ve 1 NFT or sum of 400 points of rarity. If you hold it till 1st June (the date of lottery tickets distribution) you get 61% of bonus rarity points - 244 points in this case. If you sell a part or all your NFTs from 1st April to 1st June, your points reset to zero. If you buy NFTs in this period of time, the accounting of bonus points will start the next day from the date of purchase. Transfer of bonus points is impossible. They’ll burn after resale.
Thus, the first stage aims to form a demand for the Mintosaurs by 1st June, the second is a full-fledged staking where a long-term holding gives a good chance to get a formidable amount of Toncoin.
And now some mathematics.
Consider the biggest holder of Mintosaurs from the rating. This is @rotgarfight_ru with 20329.43 points of rarity.
If we imagine that he won’t sell nothing from his collection by 1st June, we’ll get the following:
For Instant stage: 31 tickets.
For accumulative stage: here we can’t count exact numbers cause the total sum of points can be accounted only on the base of our NFTs holders’ actions. But with taking into consideration the fact that only 35% of the Collection is sold and that the part of accumulated points will reset to zero because of resales on the secondary market, we can roughly estimate that as a result of staking the sum of accumulated points would be approximately 200 000.
So, a ticket will be given for every 133 collected points. It means that @rotgarfight_ru gets 12 400 points and 93 tickets.
Thus, the sum of his tickets = 124 tickets and with probability of winning 50% he would get 620 Toncoin on 1st June.
Disclaimer: consider that the part of calculations have probabilistic character and final variant can be different.
What tasks are solved by this type of staking:
1. Creates a direct mechanism of improving the value of rare NFTs;
2. Allows to get a Toncoin bonus for holding your NFTs;
3. Stimulates to increase an amount of Mintosaurs in your collection of NFTs;
4. Adds a game-mechanic in this process.
To conduct a lottery we'll be using a smart-contract. It is ready and soon it’ll be published in open-source where everyone will be able to check it and make sure of fairness of distribution.
You can get more details about accrued points of staking and tickets in rating.
We decided to launch a new rubric: announcing of nearest plans
As often realisation of any plans can take several weeks, there is no enough updates in the Channel although the work is in process. Something rests unnoticed by the most of audience. In order to fix that we will be from time to time posting with this tag.
So, nearest plans:
Launching an advertisement campaign in Telegram in order to attract several thousand new followers to this Channel.
Preparing a series of materials about our staking and why it looks like so, what "ordinary staking of NFT" is and how Securities and Exchange Commission (SEC) is connected.
Launching new full-fledged SaaS-service that will let everybody interested conduct pre-sales of their NFTs. It will work on the base of Freemium where the payment will be charged only after reaching a certain amount of collected funds. The owners of Mintosaurs will be able to use this service for free. This service is already used by three projects, one of which is Italian. Release for everyone is upcoming this week. And further every week we are going to have big updates of out ecosystem of services including @tonometerbot.
Next week we are partly minting our collection (the part that will already be sold on pre-sales). We have already an agreement with first working marketplace disintar.io. The part that was not sold on the pre-sales would be kept and we will be placing it on the market smoothly with growth of our audience and development of services. We will be doing it in format of auctions and lotteries. Our main goal is still a support and development of secondary market of the Mintosaurs. If it is weak at any period of time, under no circumstances will we be increasing the supply at the expense of unsold part of the collection.
Our goals for long-term development keep its actuality (a part of them is already reached), we are working on them and new promised functionality will soon be released in Tonometer.
Additional functionality of @tonometerbot for accounting the staking points is now under development. Bot "NFTs Burner" of our deflationary mechanics is also under engineering.
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Last updated 3 months, 2 weeks ago
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