PRNT NFTs & Staking Mechanics
Welcome to the explanatory post about how NFTs and Prime Numbers staking will work.
Our collection consists of 4111 NFTs, of which 4096 are generative, and 15 are handmade.
But only 2328 were minted. 2212 NFTs are generative, 15 are handmade, and 101 are OG NFTs.
The first 15 Prime Numbers will consist of handcrafted images from our Art Director, a famous artist. They are creative paintings that each represent one of the first 15 prime numbers. The handmade Prime Numbers are unique and will never again be minted.
The artwork of our generative NFTs consists of the following elements:
- a prime number
- sensual vegetation
- a geometric figure
- a feminine shape
- futuristic background lines
- A background color fade with complementing colors
The prime numbers will be generated at minting time sequentially, starting at the 16th prime number up to the 4111th prime number. Each generated number is unique and will be minted only once, ever.
The art elements behind the number graphic each have eight variations all with a different rarity that has a certain chance of being randomly chosen.
The following chances are assigned to the different rarities:
This makes 8⁵ = 32768 different combinations possible, meaning many of the combinations will not be minted, and the uniqueness factor of the minted NFTs will be very high.
Each generative NFT will be unique, and there will be no others like it.
The Generative NFTs will increase in price as more get minted. We want to reward early minters by getting a better price. However, we ensure the curve is not too punishing for later participants.
The NFTs in our collection each have their own global rarity. We explained in the previous chapter how each of the segments of the NFT has its own rarity. Combining the rarity of the segments determines the overall rarity of the NFT. Each rarity grants an increasing base multiplier when you are staking.
Next, we explain how the rarity of each part of the NFT is calculated.
With the probability explained above, we take the five parts with their different rarities.
- sensual vegetation → Mythic (7)
- a geometric figure → Epic (5)
- a feminine shape → Legendary (6)
- futuristic background lines → Rare (4)
- A background color fade with complementing colors → Godly (8)
We do the following calculation: (7 + 5 + 6 + 4 + 8) / 5 = 5.8
We round up. Then our rarity will be Legendary (6).
Once the form of obtaining the rarity and how unique these NFTs are has been created, you can see below the table in which each NFT's multiplier is detailed.
You can increase these percentages with the information we share below.
Staking system with NFTs
We present to you our revolutionary staking system featuring NFTs.
In order to earn various rewards with Prime Numbers, such as a portion of the NFT royalties, the NFT reward mechanism, and in-game rewards, you will need to stake your $PRNT tokens. This does not happen in an ordinary way; however, when we stake at Prime Numbers, as we are an NFT project, we stake inside the NFTs. This means your staked tokens will give an intrinsic value to the NFT and can be traded along with the NFT on any NFT marketplace as a packaged deal. The tokens can be recovered from the NFT at any point in time by “breaking open” the NFT, which is then destroyed in the process.
They will gradually level up when we stake our tokens in the NFT. There is a maximum potency that we can stake on a daily basis, so we have to repeat this process on a regular basis, not more than once a day.
Using NFT Royalty Standard, NFT holders will receive 50% percent of all royalties on resales. Since the royalties percentage is set at 10%, this means 5% of the sales price of each sold NFT is distributed over all NFT holders. Your share depends on the multiplier of your NFT, which is based on both its level and its rarity.
The higher your level and the more rarity you have, the more reward you will get.
One of the $PRNT token rewards will be an airdrop of $PRNT tokens into the NFTs. We will airdrop 20000 $PRNT into the NFTs every month for a period of 6 years. Resulting in a total of 1.440.000 $PRNT taken from the foundation’s reward pool. These NFTs, upon receiving the tokens, will level up from this. The staking airdrop will be factored in based on the amount of $PRNT inside the NFT.
You will get a Total Multiplier depending on your Base Rarity and/or level.
Total Multiplier = Base Multiplier + Added Multiplier
Check the following table to see the max multiplier your NFT can get with the Base Rarity.
NFT STAKING REWARDS:
1- $20,000 PRNT Fixed Reward
a= total multiplier of the NFT
a = x +y
x= base multiplier [multiplier per rarity of the NFT]
y= added multiplier [multiplier per level of the NFT]
We have found a way to make the rewards fair for everyone:
b= PRNT staked per NFT
10000 $PRNT given to “a” -> [Total Multiplier] of the NFTs
10000 $PRNT given to (“a” * ”b”) -> [(Total Multiplier)*Tokens)]
Link to staking mechanics: https://medium.com/@PrimeNumbersFi/nft-staking-mechanics-june-update-8d3eb8327258
2- Prime Numbers NFTs Royalties
Using NFT Royalty Standard, NFT holders will receive 50% of all royalties on resales.
The royalties percentage is set at 10%, which means 5% of the sales price of each sold NFT is distributed over all NFT holders.
The funds go to this wallet: xdc129f3071bDFA4660A8D9E85c57570c839A80658F
3- PRIMEPORT.XYZ NFT Marketplace
PRIMEPORT is an NFT marketplace with a 1.5% fee.
The fee is 1.5%.
0.5% is for our hired developers to keep the marketplace updated and add more features.
0,75% will go to one of our DAO funds, and we will vote on how to spend this money(for example, create new things, products, and more Rewards …)
And 0.25% will go to staking rewards. [NFT holders will receive 0.25% percent of all NFTs sales].
4- Prime Numbers Finance
Prime Numbers NFTs will receive 40% of Prime Numbers Finance profits.
How to stake?
Frequently Asked Questions
- When are the staking rewards sent?
Smart-contract send the rewards on the last day of every month.
- When a person is in the process of leveling up, a rewards drop takes place. Since the rewards drop into the NFT, does that help increase the levels?
Staking Interface Buttons
- “Staking” Button
This button is used for stake inside the NFT. This button follows the staking rules. Sometimes you will need a lower amount of the daily max allowed because you need less $PRNT to level up your NFT.
- “Transfer” Button
This button is used for transferring NFTs between wallets.
- “BurnToRedeem” Button
This button breaks the NFT and takes out all the $PRNT inside the NFT.
It cannot be reversed, and it will burn your NFT and send all the PRNT to your wallet.
- “Instant Stake” Button
This button lets you stake whatever you want, but you pay a 5% fee for the introduced amount if you introduce 10000 $PRNT -> 9500$ PRNT to the stake and 500$ PRNT for the fee.
- “GetSurplus” Button
This button takes out the NFT, the balance above 8298 $PRNT.
To use this button, you need the NFT without interactions the previous 15 days of trying to use “GetSurplus.”
Interaction = Transfer, Stake
After reading the entire post, we can get the following conclusions:
Due to our level system, trying to achieve the highest level can be very interesting and rewarding. By actively leveling your NFT, you quickly raise in reward multiplier, resulting in a larger slice of the $PRNT pie.
Depending on the rarity of the NFT and its level, you can get up to +4x in the rewards.
For all the participants in our sales, we have a surprise. Everyone participating in the presale or earlier and holding the received tokens at least till the time of minting will receive an exclusive OG NFT.
In order to be able to claim the OG NFT, the participant must hold 100% of the $PRNT obtained during the presale until the time of claiming, which will be one week before the minting of the regular NFTs will start. The participant must stake the $PRNT obtained from the presale into the OG NFT as part of the claiming process. This will increase the level of the NFT directly, and the $PRNT can be recovered at any time by destroying the NFT.
Unlike normal generative NFTs that have a bonus multiplier based on their rarity, the OG NFT has a multiplier based on the participation amount in the presale. The greater your participation, the greater the bonus. The OG NFTs can also be leveled like normal NFTs. However, they will start at a higher level due to the $PRNT staked in the claiming process.
In addition, our designers are making an exclusive look for the OG NFT, featuring its multiplier.