A week of staking later. Thank you for the massive support, #UFOARMY.
08 Aug 2022, 18:31
🎉A week of staking later...
Thank you for the massive support, #UFOARMY!
The Staking dApp is fully live and ongoing, acting as the first phase needed before releasing our debut P2E game, Super Galactic.
Let's have a quick recap👇
📚Why was the dApp created?
🛸 Fair Launch Genesis NFTs
The dApp's intention is to launch our Genesis NFTs fairly.
We are soon releasing our Genesis NFTs, playable NFTs with direct utility connected to Super Galactic.
The Genesis NFTs are being fairly launched similarly to the native UFO token.
🤖 Community members will be able to mint them by staking UFO tokens in our staking dapp, earning Plasma Points.
This is done to embody our aspect of the fair launch, giving back to the #UFOARMY.
The Genesis NFTs are
• Fairly launched
• Needed to participate in the early P2E economy
• Needed to breed new NFTs
• There will be 10,000 minted versions of the Genesis when all the plasma points have been farmed.
• NFTs with use-case — Upgradable and time-based.
🛸 The Staking dApp
Our staking dapp is unique. In addition to earning Plasma Points, stakers will earn UFO rewards through our dual-reward system.
The APY will vary depending on how many users decide to stake, but we have pooled together approximately 5% of UFO tokens.
You can single-stake $UFO or use UFO-ETH LP to earn Plasma Points and UFO rewards.
For those mentioning the 12-month vested time on the UFO rewards, remember that the team did this purely as a gesture and appreciation to the #UFOARMY.
Initially, only Plasma Points were going to be farmed through the dApp.
Plasma Points has NO vesting time.
🛸 Plasma Points
Super Galactic will include scarce Genesis NFTs.
These can only be minted from Plasma Points, which are exclusively made for our first game, Super Galactic.
• You need $UFO to mint Plasma Points.
• Through the Staking dApp, you can single-stake $UFO or use UFO-ETH LP to earn Plasma Points.
• UFO-ETH LP has 75% of the pool rewards.
🛸 NFT Marketplace
Users will be able to explore, mint, collect and sell UFO Gaming NFTs through our marketplace.
This will be one of the main Web 3.0 product hubs, where we eventually will gather the dapp, minting sections, marketplace, avatar portals, etc.
🛸 UAP
UAP will be the secondary token, which will be earned by playing Super Galactic.
By playing the game continuously, users can increase their UAP earnings, access more challenging missions, compete in PVP, and earn legendary items.
By playing the game connected with Genesis NFTs, users can increase UAP earnings and evolve the rarity of your unique in-game NFT.
Users that put in the time will experience a value increase in their NFTs compared to those who do not play the game.
🛸Breeding, UFO, and UAP
Both UFO and UAP are needed to breed NFTs. By breeding two Genesis NFTs, users can create Alpha- and Beta NFTs.
You will be able to breed these seven times, and an exponential cost increase will occur with each breed.
UFO will become even more deflationary because of this.
To properly balance the UAP tokenomic, similarly to patch notes in traditional games, we need to balance the needed earnings and spending to evolve your NFTs.
Until then, happy staking! 👽🖖
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