Ancient gods have returned to help usher in a new era of collaboration. They have chosen 3,000 to be the founders of THENA. Thenians are blessed with powers and resources to build a brighter future on the BNB Chain and beyond.
theNFT with Revenue Streams
- entitles you to a share of trading fees from THENA
- earns the original minter 2% in royalties from secondary sales — forever, while 1% goes to theNFT staking pool
- gives access to private delta neutral strategies
- guarantees you a THENA fair launch airdrop
theNFT — Starting the THENA Flywheel
Thenian NFTs (theNFT) are a limited collection of only 3,000. Each one grants you access to multiple revenue streams, exclusive delta neutral strategies, and a dedicated role within the community.
There are a total of 300 unique AI engineered designs, each with a different class and powers granted by the cyber gods. The frequency of each is randomly determined between 1 and 20, meaning you could be lucky enough to obtain a unique one. The design or attributes do not affect the revenue earned by each theNFT.
Proceeds from the sale are used to incentivize bribing and locking, creating a flywheel that increases revenue for theNFT minters and stakers. 100% of the funds go back to THENA with 60% for the flywheel and 40% for runway, to help make it a sustained success, and a public good that supports the greater BNB ecosystem. This novel fNFT fundraising approach allows us to accelerate the growth of THENA by raising capital without impacting the $THE market.
We envision THENA as being the native liquidity layer of BNB, enabling value creation by opening the gates for new protocols while being a truly decentralized exchange for the users.
Eternal Revenue Streams — Long-Term Incentives
What about those revenue streams? That is where the magic comes in. Apart from the 2% of royalties from secondary sales going to the original minter forever, and 1% to those who stake their theNFT in the pool, the holders will also benefit from the success of the protocol itself.
Each theNFT minter is what we like to call “a community VC”, because staking it allows you to earn part of the fees the platform is going to generate after it is launched.
THENA has a competitive fee structure, with 20% (decreasing 5% every 3 months until it is 10% in perpetuity) of all collected going to theNFT staking pool. The more trading occurs, the more fees are generated, and the more valuable theNFTs become. Simply put, the better the platform does, the more theNFT holders earn. The fates of the two are intertwined.
Exclusive Delta Neutral Strategies — Stop Worrying About Impermanent Loss
But wait, there’s more. theNFT holders also gain access to something no one else on the BNB chain does — cutting-edge delta neutral strategies currently in development.
What exactly does it mean? By being delta neutral, you are not subject to IL (impermanent loss). That translates to easy, worry-free profits. Typically farming requires you to pair two different tokens into an LP, which you then stake at a farm. If the prices of those two assets deviate from each other, you incur IL.
Delta neutral strategies let you deposit a single coin, in this example BUSD. It is then deployed into various strategies on THENA to generate real yield, with built-in IL and liquidation protection mechanisms powered by Chainlink Automation.
You deposit an amount, and withdraw more back at a later date. It’s that simple.
Powered by Gods and Goddesses — Earn in Style
While each of the 3,000 theNFTs are entitled to an equal share of revenue, each of the 300 unique designs hold unique powers or sacred items within, with varying levels of rarity. Each design is also inspired by a god, drawing inspiration from ancient Greek mythology. They were engineered using the DALL-E 2 AI engine.
Thenians are a type of a crossbreed, inspired by a single God, or in rare cases none, with powers and sacred items not necessarily originally belonging to them. This means a Thenian could have the soul of Zeus with the powers of Poseidon.
How will the Thenians use their power and wisdom? You decide. The story has only just begun.
Whitelist and Fair Launch Airdrop
If you’re on THE list, congratulations. As early Thenians, those who are on THE list will have whitelisted access to the private sale of theNFTs before anyone else does. This dramatically increases your chances to mint one. If theNFTs are sold out during the whitelisted sale, there will be no public sale. If they are not sold out, each one that was minted will receive a larger proportion of the fees since there would be less theNFTs in total to share the fees with.
Because we wanted THENA to be a public good for all, the initial distribution of the token will be done in the form of a fair launch airdrop. Each theNFT minter will be included and airdropped a mix of locked and unlocked tokens. The more you mint, the more tokens you receive.
Future of THENA — Thenians Decide
Thenians will have more features as time passes by. We plan to introduce the use of theNFTs as collateral — enabling instant liquidity for those who do not want to sell. More information about this will be revealed at a later date.
As a holder, you have a say in the future direction of theNFT arm of THENA. The possibilities are endless. Remember, the success of THENA is the triumph of Thenians, and vice versa.
THE Mint — Coming This November
Total mint size: 3,000
Whitelisted price: 2.0 BNB
Public price: 2.5 BNB
The designs and attributes are revealed 7 days after the mint.
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