Our #10Degens HYPC Series
Last updated
Last updated
To understand how the 10% NFT (Non-Fungible Token) works in this context, let me break it down step by step:
Issuance of NFTs: Remember there are three series of 200 NFTs each. Each NFT represents 2% of the total rewards of a node. This means that if you own one of these NFTs, you are entitled to 2% of the rewards generated by the associated node.
Collecting NFTs: The objective is to collect one NFT from each series. When you have NFTs from all three series, you have a set of NFTs that together represent 6% (2% from each NFT) of the rewards from their respective nodes.
Minting the 10% NFT: Once you have collected NFTs from all three series, you have the opportunity to mint the 10% NFT. This 10% NFT likely represents a share of the rewards from a specific node, and it would give you a percentage of rewards from that node equal to 10%.
Receiving Rewards: Owning the 10% NFT means that you'll receive 10% of the rewards generated by the node associated with it. This could be a significant portion of the rewards, providing you with a consistent income from the node's earnings.
Accumulating Rewards: Remember that 10% of each node's rewards accumulate in a common account. This accumulation likely contributes to the rewards that NFT holders receive, including those with the 10% NFT.
Validity and Refund: It's important to note that these NFTs have a validity period of 10 years. After this term ends, the NFTs will be burned, and the part corresponding to the accumulated amount will be refunded. This ensures that participants can recover their investments after the specified timeframe.
First series of 200 NFT at a price of 315 ADAs.
Second series 200 nft on 315 adas.
