NFT specs
Minting
Mint Phase = 28 days
NFT immediately available to user for trade and earning E280 rewards
*Burning NFT to claim E280 Tokens option is available after 48 hours from mint timestamp
Supply
Capped supply once mint phase ends
Deflationary supply as users burn NFT to claim E280 tokens forever after
NFT Tiers
NFT | Mint Cost | Burn Cost | NFT Backing | Reward Multiplier |
---|---|---|---|---|
Legendary (Amped) | 10B TITANX | 1B TITANX | 10B E280 | 120x |
Legendary | 10B TITANX | 0 | 10B E280 | 100x |
Rare (Amped) | 1B TITANX | 100M TITANX | 1B E280 | 12x |
Rare | 1B TITANX | 0 | 1B E280 | 10x |
Common (Amped) | 100M TITANX | 10M TITANX | 100M E280 | 1.2x |
Common | 100M TITANX | 0 | 100M E280 | 1x |
*All NFT's can be minted with ETH in the equivalent USD value of TITANX
*Note that the Amped versions have the same mint cost and E280 backing. There is an additional burn cost (sent to Helios Treasury), and increased reward multiplier on earning E280 from rewards pool.
Rewards Pool
NFT holders will be able to claim E280 tokens at any time as the rewards pool fills up. Your portion of the rewards pool is equal to the total reward multiplier of all your NFT's combined then divided by the global multiplier.
Example:
You own a Rare (10x) and a Legendary (Amped) (120x)
Your total multiplier is 10x + 120x = 130x
If the global multiplier of all NFT's in circulation combined is 13,000x then your % of the pool is calculated as 130x/13,000x = 0.01 or 1%
If the rewards pool has 10,000 E280 in it, then your 1% portion claimable is 100 E280 tokens.
NFT Backing / Burn to Claim
All the NFT's are backed by E280 tokens with each tier having a different amount. This adds additional value to the NFT as the floor price of the NFT will not go below the market value of the E280 backing it, but it could trade above value. To claim these tokens, the NFT must be burned. There is a 3% tax on claiming E280 that go to the rewards pool benefiting the diamond hand NFT holders. This is only for claiming backed E280 tokens, and does not need to be burned in order to claim the rewards from the rewards pool.
3% NFT burn tax breakdown
during mint phase
2.4% NFT rewards
0.3% E280 Burn
0.225% Genesis
0.075% Helios Treasury
forever after mint phase
1.8% NFT rewards
0.6% E280 Burn
0.45% Genesis
0.15% Helios Treasury
Why would someone want to mint an NFT over tokens?
By minting an NFT, a user will earn rewards from E280 token sales transactions. This means a user not only uses the NFT as a store of value for the E280 tokens that back the NFT, but also has the ability to increase their holding of E280 tokens from rewards.
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