AshGuard NFTs on AshPerp: Revolutionizing Perpetual Trading With Utility-Driven Collectibles

5 min readFeb 21, 2024

We only go up. From Warrior to Valhalla.

What is the AshGuard NFT?

AshGuard NFT is a trading utility NFT collection for use on AshPerp. By staking these NFTs, users can access tier-based perks, including fee rebates, spread discounts, and potential community rewards during trades on AshPerp.

AshPerp itself is the first perpetual DEX on the MultiversX network, built as part of the AshSwap DeFi Hub. It offers perpetual leveraged trading up to 100x, supports a variety of asset pairs, and caters to the growing demand for decentralized futures trading within MultiversX.

The official Mainnet Launch of AshPerp on Mainnet is expected in early March 2024.

The Utilities of AshGuard NFT

More than mere collectibles, AshGuard wields the might of utility NFTs, blending captivating visuals and DeFi prowess.

For AshPerp users: When you stake AshGuard with AshPerp, you are entitled for open fee rebates and get discounts on fixed spreads, scaled by NFT tiers.

The higher your tier, the greater the benefits, allowing you to trade more effectively with superior execution prices and reduced fees. Plus, you can stack these rebates with a 10% discount from our Referral Program, saving up to 60% on fees.

For NFT enthusiasts: AshGuard NFTs are not just your average utility NFTs; each one is uniquely and originally crafted, blending Norse inspiration with a modern anime style that sets them apart.
Thanks to the exclusive merging mechanism, AshGuard NFTs are upgradable for increased trading benefits, leading to a higher value.
Staking AshGuard NFTs positions you favorably for potential community perks.
There are five tiers of NFTs, each representing a unique species (Orc, Elf, Beast, Ninja and Paladin); the higher the tier, the more significant your advantages.

AshGuard NFT Launch Details

Total Supply: 1,500 AshGuard NFTs in Tier 1 (Orc), Tier 2 (Elf), Tier 3 (Beast)
Allocation (randomly generated in tier and artwork)

AshGuard NFT Tier 1 (Orc): 75%

AshGuard NFT Tier 2 (Elf): 20%

AshGuard NFT Tier 3 (Beast): 5%

Whitelist Round:

Timeline: 8:00 AM UTC — 10 AM UTC March 7th, 2024.

Max mint per wallet: 1 NFT

Mint price: 1.7 EGLD

Public Round:

Timeline: 10:00 AM UTC March 7th, 2024–10 AM UTC March 10th, 2024.

Max mint per wallet: Unlimited

Mint price: 2 EGLD

Mint pages:
AshPerp: https://ashguard.xyz/
XOXNO: TBU

To get the whitelists, and especially the AshGuard NFT giveaway, be sure to follow AshPerp on X and Telegram, so you won’t miss out on any giveaways or exclusive events for the AshSwap community.

Merging Mechanism

AshGuard NFT Tier 4 (Ninja) and Tier 5 (Paladin) cannot be minted directly on launch. To get these advanced NFTs, you’ll need to either combine lower-tier ones on AshPerp, purchase them from a secondary marketplace, like XOXNO, or receive them from other owners.

How merging works:

Combine two NFTs of the same tier (as per the table above) and pay a merging fee in ASH tokens.
We will send a higher-tier NFT to your wallet.

How To Use AshGuard NFTs on AshPerp?

AshGuard NFTs can be staked in AshPerp to activate their trading utilities in an unlimited number of trades (open fee rebates and fixed spread discounts).

The staking feature will go live with the official launch of AshPerp Mainnet on March 11th, 2024.

Please note that after staking, there is a 1-day cooldown period for unstaking your AshGuard NFTs.

Unlock the power of your guardian while exploring the DeFi universe. Enchanting Norse-inspired art meets cutting-edge trading utilities in AshPerp, the leading perpetual DEX on MultiversX.

See you all at Valhalla.

FAQ

What is AshGuard NFT?

AshGuard NFT is a trading utility NFT developed for usage on AshPerp. By staking AshGuard NFT, AshPerp users will get open fee rebates, fixed spread discounts and more community perks based on tiers.

2. What is Open Fee Rebate?

When trading on AshPerp, there’s a 0.1% opening fee based on the trade volume. Traders can earn back a portion of this fee by staking AshGuard NFTs. The amount refunded varies with the NFT’s tier: higher tiers mean greater rebates. This fee rebate is claimable at any time.

3. What is Fixed Spread Discount?

When you open a trade on AshPerp, a fixed spread is applied to the opening price of some trading pairs (BTC, ETH). By staking AshGuard NFTs, you can receive a discount on this spread, which brings the execution price closer to your target. This makes it simpler to follow your intended trading strategy and gives you an edge in trading.

4. Can I combine AshGuard NFT fee discounts with referral code discounts?

Yes, you can stack up to a 60% fee discount on AshPerp trades by both staking your AshGuard NFT and redeeming a referral code.

5. If I had 2 different AshGuard NFTs tiers, what would the benefits be like?

You can only stake and benefit from 1 AshGuard NFT on AshPerp. Therefore, please ensure you stake your highest-tier NFT to maximize the utilities.

If you have 1 Tier-2 NFT, and 1 Tier-3 NFT, you are suggested to:

Buy 1 Tier-2 NFT on XOXNO, then merge with the existing Tier-2 NFT, then continue merging until you get the highest-tier NFT, which is 1 Tier-4 NFT in this case.
Or, you can simply sell Tier-2 NFT on XOXNO or transfer it to another wallet, and stake only the Tier-3 one.

6. How to get AshGuard NFT Whitelist?

You’ll get AshGuard NFT Whitelist from:

Battle Of Perps event.
Daily whitelist giveaways on AshPerp.
Collaborative giveaways with KOLs and NFT communities.

7. Is AshGuard NFT tradable?

Yes. After launching, AshGuard NFTs can be traded P2P on secondary marketplace like XOXNO, where selling fees and royalties will be applied.

8. Can one wallet mint multiple NFTs?

Yes. You can mint as many AshGuard NFTs as you want, and merge two of the same-tier NFTs to upgrade them to a higher-tier one.

Please note that in the Whitelist phase, you can only mint 1 NFT with a discounted price on 1 whitelist wallet address.

9. Can I transfer my whitelist to someone else?

We only support this in case your wallet is already on the WL list. You can submit a request at https://app.ashswap.io/support, choose “Other” in Section 1

10. Can I transfer my AshGuard NFT to another wallet address?

Yes. You can transfer AshGuard NFT from your wallet to another wallet as usual.