What is ⚡️TNZ?
Introduced in December of 2022 with the launch of the LOFTZ, ⚡️TNZ token became the currency of the Degen Toonz eco-system. This off-chain token, at the time of this writing, is only accessible by holding a Degen Toonz eco-system NFT. Holders generate ⚡️TNZ on a daily basis with a soft staking mechanism. This means that the NFT does not have to leave your wallet in order to earn ⚡️TNZ.
The LOFTZ allow you to connect up to TWO wallets, holding an ecosystem token. This allows holders to generate ⚡️TNZ from a hardware wallet and a hot wallet. You can transfer your ⚡️TNZ tokens between these wallets within the native LOFT system. This provides quick and easy access to all your ⚡️TNZ tokens across your connected wallets for our planned rollouts throughout the year.
However, your NFT can NOT be listed on ANY marketplace or you will be blacklisted (ineligible) from earnings for that token. If a token is blacklisted due to being listed, there is a seven day waiting period once the token has been delisted before you can start earning ⚡️TNZ again.
It’s important to know every token in the ecosystem earns a different amount of ⚡️TNZ on a daily basis, including bonuses and multipliers to give you a higher daily earning rate. The current earning, at the time of this writting, are shown in the graphic below. The team is currently working to revise the earnings for Full Set holders and plan to add an additional daily bonus to benefit our Full Set holders.
You MUST claim your earnings every 30 days to continue earning ⚡️TNZ. If you do not claim once a month you will not generate earnings until you claim the previously earned tokens. This restriction was put in place to limit the ability to manipulate the earning system.
As mentioned above, ⚡️TNZ is the currency of the Degen Toonz eco-system. It's VERY important to note that you will NEED ⚡️TNZ to be able to make purchases in our Marketplace and to participate in all drops and rollouts for the years to come.
Our long term goal is to bring the ⚡️TNZ token on-chain; this can happen when we feel confident in the safety and regulation of doing so. Going on-chain will open greater possibilities for holders of the token and expand the Degen Toonz brand and vision to the wider audience of Web3.
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