It’s time! Our long-awaited NFT mint will commence on Monday Dec 18th (3PM CET). In this article you’ll find all the information you need.
Introduction
We are excited to announce the release of our first NFT collection, the Work X Genesis NFT. This collection features unique NFTs that showcase different roles in working for a startup, and grant owners access to unique utilities on the Work X Platform. Each NFT comes with the ability to choose skin color, sex, and a startup role, making them truly one-of-a-kind. In this blog post, we will discuss the features and minting details of our new NFT release.
Date, Time & Rounds
Let’s cover the logistics first! There will be three separate rounds:
- Guaranteed Round
📅 Dec 18 — 3PM CET / 2PM UTC / 9AM EST / 11PM KST
⁉️ Who: Community, Enterprise & Strategic Partners
⏲️ 2 Hours - FCFS Round
📅 Dec 18 — 5PM CET / 4PM UTC / 11AM EST / 1AM KST
⁉️ Who: Contest winners
⏲️ 2 Hours - Investor Round
📅 Dec 18 — 6PM CET / 5PM UTC / 12AM EST / 2AM KST
⁉️ Who: Seed & Private sale investors
⏲️ 72 Hours
THERE IS ONLY ONE VALID MINT URL: Https://mint.workx.io
One-time opportunity: stake vested tokens
Have you bought $WORK tokens in the seed- or private round? This means you have been given the opportunity to stake your locked $WORK tokens on ETH inside the NFT. In order to qualify for the mint, you:
- Can’t claim any tokens before the mint
- Have to be on Ethereum
- Stake a minimum of 5.000 $WORK tokens (or your total amount in case you have <5k tokens)
Vested tokens that are staked inside the NFT will transform into a cliff up to -33% of the total duration (if you stake everything). Example:
- Seed investor: 18 months linear vesting will become 12 months of lock/cliff
- Private sale investor: 12 months linear vesting will become 8 months of lock/cliff
- Participated in both rounds: weighted average
You stake the tokens that unlock first, so if you stake 50% of your tokens the remainder of your tokens will continue streaming when the cliff period is over. The unvested tokens that you stake in your NFT are changed into a cliff and get a reduced duration. The maximum reduction is 33% if you stake all tokens. So if you stake 50% of your tokens, the total duration is reduced by ~16.5%.
Blockchain
The NFT will only be available on Ethereum, reflecting our commitment and roots within the ETH ecosystem. Did you buy on BNB and did you miss your chance to switch back to ETH? We’re very sorry to hear that, although it is technically impossible to stake your BNB $WORK tokens inside the NFT we will do our best to see what we can do. Please fill the following form.
Reveal & Rewards kick-off
To give our Genesis NFT the love and attention it deserves, it will be revealed after Christmas and NYE. This will also be the moment when the reduced vesting will kick-off.
The Genesis NFT Reward program will kick-off with a pool of 1.4M $WORK tokens (!), fostering the biggest opportunity for our most loyal supporters.
As shown in the table above, there will be monthly airdrop rewards distributed over all participants in the NFT staking program. Participants will be able to stake more $WORK tokens over time, increasing their stake in the reward pool. Next to the monthly airdrops, a dynamic percentage of the $WORK fees will also be shared across all participants based on their stake.
Trading NFT’s with staked tokens
A very important factor to take into consideration is that traded NFT’s can contain staked tokens. If you’re staking 5.000 tokens, the value of these tokens you should add to the aggregate valuation that you put on the NFT when you list it on OpenSea.
Wallet Checker
You can check your whitelist status on Https://mint.workx.io
Leveling Mechanism
Over time, the total allowance of tokens in the NFT grows (which means you can deposit more tokens and level up). In total there are 80 levels, spread over 8 tiers (10 levels per tier). Detailed information on how to level, how the rewards tie into this and what you can get out of this will follow soon.
Utilities
Holders of a Genesis NFT will get access to a unique list of utilities:
- Stake $WORK inside your NFT and earn airdrop rewards
- Earn from every hire
- Trade your NFT (including your tokens within the NFT!)
- Get fee discounts (on job postings & subscriptions)
- Access to the AI Assistent
- Showcase open jobs
- Personalize your NFT
Personalize your NFT
One of the most exciting features of our Work X Genesis NFT is the ability to choose the skin color and sex of your NFT. We believe that diversity is a crucial aspect of any workplace, and we wanted to reflect that in our NFT collection. By allowing users to choose their NFT’s skin color and sex, we hope to create a more inclusive and diverse community around our project.
Startup Roles
Another unique aspect of our Work X NFTs is the ability to choose a startup role for your NFT. We recognize that there are many different roles involved in working for a startup, and we wanted to showcase that in our NFT collection. Whether you’re a developer, marketer, or CEO, there is an NFT for you. By allowing users to choose their NFT’s role, we hope to create a sense of community and belonging among those interested in working for startups.
Working for a Startup
Working for a startup can be an exciting and rewarding experience. Startups offer the opportunity to work on innovative projects, collaborate with like-minded individuals, and make a real impact on the world. Our Work X NFTs aim to capture that spirit of excitement and innovation by showcasing different startup roles and allowing users to customize their NFTs to reflect their own experiences and aspirations.
Staking $WORK Token
In addition to the ability to choose skin color, sex, and a startup role for your NFT, we are excited to announce that you can also stake your $WORK token in your NFT. By doing so, you will earn rewards based on the number of $WORK tokens you have staked.
When you stake your $WORK token in your Work X Genesis NFT, you not only earn rewards based on the number of tokens you have staked, but you also level up your NFT. The higher the level of your NFT, the more rewards it will generate. This creates a unique opportunity for users to not only participate in the Work X ecosystem, but also to increase the value of their NFT over time. As you continue to stake your $WORK token in your NFT, you will be able to unlock additional features and benefits, making your NFT even more valuable.
Learn-to-Earn
The Genesis NFT can also act as your learning companion. On the Work X platform you can earn rewards and achievements for learning and developing yourself. Start by staking your $WORK token in your Work X Genesis NFT and unlock additional features and benefits as you continue to learn. Let your NFT grow with you as you level up your skills and knowledge. Join us in creating a community of lifelong learners and earn rewards for doing what you love.
Conclusion
We are thrilled to release our Work X Genesis NFT collection, which features the ability to choose skin color, sex, and a startup role. Through our NFTs, we hope to create a more inclusive and diverse community around working for startups. We believe that working for a startup is a unique and rewarding experience, and our NFTs aim to capture that spirit of excitement and innovation. Thank you for your support, and we look forward to seeing what you create with your Work X Genesis NFT at your side.
