In this post, we are going to explain all the rewards of the Prime Numbers ecosystem.
PRNT NFT STAKING REWARDS:
1- 20,000 $PRNT Fixed Reward
Formula Staking: 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
Prime Numbers’ NFT marketplace, Primeport.xyz has a 1.5% fee on all secondary market sales.
0.75% goes to one of our DAO funds, where the DAO will decide what to do with the funds.
0.25% goes to staking rewards.
0.5% goes to the development and maintenance of the marketplace.
4- Prime Numbers Finance
Prime Numbers NFTs will receive 40% of Prime Numbers Finance profits. https://www.primenumbers.finance/
TOTAL Reward Pool: 240000 $PRNT
Reward per year: 120000 $PRNT
Reward per month: 10000 $PRNT
XDC Staking inside NFTs:
These NFTs are going to get the following rewards:
- VARIABLE REWARD: 10% of Prime Numbers Finance Profits
- FIXED REWARD: In the first two years, 30% of the funds from the minting will be rewarded to the XDC Staking NFTs.
We will give the 30% of the funds from the minting because Prime Numbers Finance (Lending and Borrowing Protocol) development is ongoing, and we want to start giving rewards.
The 10% of Prime Numbers Finance profits should be higher than the 30% of the minting funds.
All of these rewards will be paid on $XDC.
1- Fixed Reward
30% of the minting funds will be rewarded to the NFTs in the first two years. After these first two years, the non-locked and non-custodial $XDC staking reward will be 10% of the profits from Prime Numbers Finance.
PAYOUT Formula Staking
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= XDC staked per NFT
HALF XDC REWARD given to “a” -> [Total Multiplier] of the NFTs
HALF XDC REWARD given to (“a” * ”b”) -> [(Total Multiplier)*XDC)]
Current(14-January) Reward Pool: 1,275,000 $XDC
The reward pool depends on the total minted NFTs.
2- Prime Numbers Finance
Prime Numbers XDC Staking NFTs will receive 10% of Prime Numbers Finance profits.
XDC NFT Staking (optional):
When your NFT reaches the MAX LIMIT (100 000 $XDC staked inside the NFT), you will be able to lock this NFT to get an additional 7% APY
The lock period will be one year.
The XDC inside this NFT is used to host masternodes.
The reward will be paid monthly to the NFT.
Example: You have an NFT with 100 000 $XDC. And you lock it.
From the lock, you get 7% of 100 000 $XDC -> 7000 $XDC
And a part of the 10% of Prime Numbers Finance profits and an amount of the 30% minting funds.