Building an Elephant Money Unlimited NFT collection for Free
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Elephant Money tokens are becoming more expensive day by day and it will be more and more difficult to grow your bag as time passes.
Bankteller (Elephant Money founder) has launched recently a NFT called Unlimited that can be minted for 1 BNB for the first round of 10k NFTs (the price of an NFT will double at each new round).
When staked the Unlimited NFTs are receiving a 1% APR of the Elephant Treasury distributed evenly to all NFTs holders and the rewards are in the most precious token that is Elephant token.
Building a collection of Elephant Money Unlimited NFTs is one of the best ways to accumulate Elephant tokens and to build generational wealth for you as those NFTs are tireless workers that print tokens continuously.
I know that you will tell me but wait, building a collection will be very expensive so I will stick to my 1 or 2 NFTs purchased.
On my side, I will tell you there is at Elephant Money a money printer that can buy you every month, 1 or more Unlimited NFTs and it’s called Elephant Money Futures.
For the past year, BNB has stayed in the range of $250 so let’s see how we can print 1 BNB every month with Futures to purchase an Unlimited NFT?
The strategy will consist in an initial deposit and to use a cycle of 30 days divided in 2:
- The first X days you let the rewards accrue and at the end of the X days you compound your rewards with a fresh deposit of $200.
- The next Y days, you let the rewards accrue and at the end of Y days you claim your rewards that will be equivalent in BUSD to the number of BNB(s) you want to print that you will use to purchase your Unlimited NFT(s) of the month.
X + Y = 30 days.
After a cycle is completed then you rinse and repeat.
So basically it consists in taking every 30 days cycle the interest of Y days of your balance but if you compound more than you claim your balance will continue to grow and you will be able soon to purchase more and more Unlimited NFTs each month.
I have built a simple calculator in which you can input:
- Your target price for BNB and for the past year it has been on average around $250.
- The number of BNB you want to print at minimum each month.
- The amount in BUSD that you want to use for compounds (the minimum is $200).
- The number of days during which in each cycle you let your rewards accrue before compounding. Should be a minimum of 1 and a maximum of 29 days as we are in a 30 days cycle.
The calculator builds then for you a table month per month of your Futures vault and how much BNB it prints to purchase Unlimited NFT.
Strategy 1
Let’s start with a first example to print at minimum 1 BNB every 30 days.
After playing with my calculator it seems that the most cost efficient way to do it is to use 17 days as the days to accrue rewards before compounding and consequently to claim 13 days after the compound.
You will need an initial deposit of $3,360.51 in your Futures vault and along the 24 months of printing BNBs you will have compounded for $4800 and printed 44 BNBs (for a value of $11,000).
So why do I state that the collection is built for Free? It’s because after 24 months you have printed 44 BNBs from rewards of your Futures vault and your balance is at $9,737.41 ready to print more to purchase NFT or any other usage for it.
Futures is an awesome wealth builder that can be used to purchase and accumulate assets that will print you money for life like the Unlimited NFTs.
Strategy 2
Let’s be more aggressive in terms of BNB that we want to print at minimum each month by selecting 5 BNB and by setting the days to accrue rewards to 15.
Your initial deposit will need to be $15,317.83, you will still use $4800 to compound but after 24 months you will have printed 128 BNB (for a value of $32,000) and your Futures balance ready to print more will be at $17,455.81.
It’s up to you now to leverage a Futures vault to build your Unlimited NFT collection and to enjoy a totally passive income.
You can play with my calculator by clicking this link https://docs.google.com/spreadsheets/d/1mZTSDu52WWesYspBj34k5BhSeTby63AG9f-W-yqQL34/edit?usp=sharing
Please note that you will need a gmail account in order to access it and you will need to make a copy of the spreadsheet in your google account by clicking File/Make a copy in the menu in order to experiment with it and find the right parameters for you to build a collection of Unlimited NFTs.
If you have enjoyed this post and you want to support me in my DeFi journey feel free to join my Elephant Money team by adding me as your partner https://elephant.money/partner.html?ref=0xF9D4FD46E2d1435e7BaC9BCee6fA9536e76e5101
Happy passive income.
Disclaimer: this post is not financial advice and if you consider any investment in a crypto project you should do your own research and your decisions are your own.
