Overview
Last updated
Last updated
Element 369 (E369) is an expansion pack NFT collection on the Element 280 protocol. By holding the E369 NFT, you earn E280, Inferno, and Flux tokens via perpetual FLUX auction participation without having to add additional investment capital. This also helps grow the E280 ecosystem, as well as boosting the Flux and Inferno protocols, therefore supporting the backing tokens of the NFT.
The objective of the project is to participate in the Flux protocol's daily auctions to receive TITANX payouts, while also accumulating capped, deflationary supply tokens in Inferno and E280, with added features such as automating and auto-compounding the auctions, and sending TITANX to the "New" v2 E280 Buy and Burn Contract.
By simply holding the NFT in your wallet, you are eligible to claim Element 280, Inferno, and Flux Tokens from the NFT Vault. There is no burning, lockup, or staking required. Rewards follow the NFT, so if it is sold on the market, the new user will be able to claim any unclaimed rewards that have accrued.
The NFT is backed by a growing number of Element 280, Inferno, and Flux tokens. It can be burned at any time to redeem the tokens. This is a one time event, and will no longer receive rewards. The NFT is gone forever. The tokens stay with the NFT when sold on the market.