Introducing Gen-2: New tokens [2]
Hey Guys!
Jens here. Just wanted to take a quick opportunity to thank you all for waiting this long and to spill the beans!
This whole thing has been a crazy ride. I still don’t understand how the team formed the way it did. Little by little we got more and more community members involved and lately a few of the community’s best artists really have proven to be one of our greatest assets.
I cannot stress enough how much the community is vital to the success of the project. All the good vibes, joking around and memes are leading us to a great path. As you guys were doing custom memes left and right, some of them started to look like pieces of art!
After a while it became clear that talented artists had made their way into our community and were painting cool memes.
We thought it would be cool to base the new ecosystem around unique NFT’s, built by our most talented community members. So we went to the drawing board and discussed how we could incentivize even more artists to join us on our mission of bringing cool NFT’s to the blockchain.
Saint has been working one-on-one with the artists since the beginning. Every now and then he’d show us a new NFT card and blow us all away. Like the one below!
The above card is so cool, but what’s even cooler? The artists are starting to evolve and are getting better as they go! What I’ve just showed you is a common card. Can’t wait for you to get your hands on one of the Legendary-tiered!
But this development started making us think. What if we could associate each unique NFT with the artist’s name and wallet address and grant them a cut of trade fees on their work forever? As this idea came across the dev team, each of us became very excited about the future. After days of discussing back and forth, we came up with the exciting eco-system below:
We wanted NFTs to become the center of it.
So this brings us to the announcement of our new coins:
Meownaut acts as the supporting store of value of the entire ecosystem. The secondary token, Koban, will be the base-currency of the ecosystem.
We intend to release new packs of NFT’s biweekly. You will have to buy these using a third type of token, which we call PB-yyww token. The yy stands for the year and ww specifies the week that the cards are going into sale.
Let’s use the 13th week of 2021 as an example. Here we are launching our first PB, THE MAXR-BALL!!
Isn’t it just beautiful? Its design and presence literally says a thousand words.
To mint the packet that is released on week 13, you would farm PB-2113 first. PB-2113 farms will be released on week 11 and you will have 2 weeks to farm as many as possible. We will then discontinue the PB-2113 farm in week 13, where you can finally spend your earnings on the NFT’s. These NFT’s will never be minted again so they will forever be unique and have low supply. Essentially, they will be collectables. You can decide whether to resell them, or keep them to show off! Who knows, in the future you might use them in-game ;)
On week 13 we will discontinue the PB-2113 farm and deploy the PB-2115 farm and so on. You will need Koban to farm the PB tokens. So the amount of Koban you hold is equal to the speed you farm NFT’s!
This sets the precedence for unique investment strategies for you guys. Because you will have to think about two main parameters:
Your Koban-farming speed vs your PB-farming speed.
Obviously you need Koban to farm PB. The Meownaut farms give you the best yields for Koban, so that’s your entry point. If you reinvest your Koban into the Koban farms or sell it for more Meownaut, you can increase your Koban yield.
But at some point you should stop working on your Koban farms, and move your attention to the PB-farms. So instead of reinvesting your Koban for more Koban, you’ll start pouring them into the PB-farms and build up your farming speed of PBs (which is the end goal).
So your goal thus far has been to farm as many PBs in a 2-week period as you can. But to do that, you first need to build out a solid and sustainable Koban farm. The fun thing is that your strategy would need to change based on what other investors do. So it’s a fun game between you and them of who’s done the best calculations and modellings of the future to come out ahead!
Well you could also cheat and buy PB tokens directly from farmers :)
It is totally up to you to decide what works best for you.
Each packet will consist of multiple cards. If you get many duplicates, don’t stress! You’ll need them for the NFT-evolution system. Oh yeah, burn the cards you don’t want for a chance of gaining a Rare, maybe even Legendary NFT ;)
Also, remember how each packet of cards are limited to their farming period? What if you missed out on a card that you really really wanted and its market price is too high for you to buy?
Lottery to the rescue! Once in a while, the most popular discontinued cards will appear in the lottery jackpot! Buy a ticket for a chance to get your legendary card for way under market value ;)
This is all very cool, but it is important that the Koban inflation doesn’t go overboard and has proper APY metrics and burns in place. That’s why APY will be low on the regular farms, but you will get your chance to increase your farming speed once in a while.
One such initiative are special speed farms. The deposit fee might be, say 20% while the APY is 3–10x higher than any other farm (specifics to be determined). For instance if the speed farm is based on Koban/BNB LP-tokens, we will burn the Koban and use the BNB to buy-back more Koban that we then also burn for a double-up effect!
However because the speed farm increases the inflation significantly, it won’t be around 24/7 and we might cap the total deposit on it. These details are still being edged out. The intention is to reward community members who stick around. They’ll be checking out announcements of the speed farm opening first before it’s too late. So stick around the community and get comfy ;)
Other than the speed farm, we will have specialized partner farms to allow coming partners to set up PB-farms. For instance:
Partner-token / Koban farm that yields partner-token + PB-token.
So a lot is happening behind the scenes and we can’t get more excited for launch! How about you guys?
