Mummy Rebirth NFT on Fantom — The Remarkable Transformation Amidst Challenges
Hello Mummies! How’s your August so far?
Hold onto your hats, because Mummy is about to drop some explosive news! Brace yourselves for an adrenaline-pumping thrill! 🚀🎉
Despite the market conditions, Mummy Finance’s Treasury has been steadily growing. All the revenue from Mummy Club NFT sales on Fantom has been used to acquire MLP v1, which actively utilizes assets from Multichain. Over 8 months of staking, the Treasury has experienced a growth of 20%. Additionally, we have distributed a total of 246,980 WFTM to our NFT stakers.
Unfortunately, following the Multichain incident, all the assets within MLP V1 became depegged. In our pursuit of the resolution, we have communicated with the Fantom Foundation, and they are diligently investigating and addressing the issue at hand. A substantial portion of Multichain’s assets are currently locked on CEXes, awaiting proper management.
After much consideration, we’re making a remarkable move — transferring the NFT Treasury from MLP v1 to multiDAI! This means converting the entire 111,394.36 MLP that we’re holding to a whopping 700,000 multiDAI!
Hold on tight, esteemed NFT holders, as you now have the power to chart our course ahead. Together, we’ll rise stronger, just like a mummy emerging from a tomb!💎Let’s make history with Mummy NFT!
It’s your decision
Get ready for an exhilarating choice! The Mummy ecosystem offers two thrilling paths to take! Leap forward, leaving all traces of Multichain behind, or hold tight with optimism for its potential return!
Hold your breath for the upcoming feature! The multiDAI in our Treasury will fuel refunds for Mummy NFT V1 holders who bravely continue the journey with us. Brace yourself for the excitement! Don’t miss out on this incredible adventure!
Introducing Mummy Rebirth
Today, we are absolutely thrilled to unveil the all-new Mummy Rebirth collection on the Fantom platform! Get ready for a mind-blowing experience like never before! A total of 10,000 exclusive Mummy Rebirth NFTs are hitting the scene! 5,000 of them are specially reserved for fully burning NFT V1, while the other 5,000 are to welcome new members into our incredible Mummy NFT community!
This is your golden ticket to join us in this incredible new phase! If you are currently holding Mummy NFT V1, minting a Mummy Rebirth NFT will entitle you to a refund in multiDAI. This refund, sourced from the Treasury, will be calculated based on your V1 NFT’s power, but only if you choose to burn your Mummy NFT V1.
Let’s take a concrete example to illustrate this: Suppose you are holding 1 NFT V1 with a power of 5,000. In this scenario, you would receive 177.67 multiDAI. This calculation is derived from dividing the power of your burning NFT (5,000) by the total power of all NFT V1 (19,699,200), and then multiplying by the total amount of multiDAI in the Treasury (700,000).
But hey, we’ve got your back, even if you choose not to join this new phase! We’ll still keep your share of multiDAI safe and sound within the Treasury. You can hold onto hope, just like us, that Multichain’s assets might repeg, paving the way for an exciting transition to MLP V2 without any loss! 💪
Don’t miss out on this once-in-a-lifetime opportunity! Secure your place in the extraordinary Mummy Rebirth collection now!
Mummy Rebirth Benefits
The most crucial part has arrived, Mummy Rebirth NFT Collection will bring you fantastic benefits and perks that will leave you amazed!!!
When you mint Mummy Rebirth, we have some exciting benefits in store for you:
- Receive a refund in multiDAI. (Only for NFT V1 holders)
- Receive an esMMY bonus (which can be vested without a reserve only if you don’t stake it first). These esMMY tokens are sourced from our Dev Fund, Treasury, and Vault.
- The revenue generated from minting will be carefully divided:
+ 50% of the revenue will be used to boost the MLP v2 (utilizing LayerZero’s assets) liquidity pool, ensuring a healthier ecosystem. All the rewards will be directed back to Mummy Rebirth stakers.
+ The remaining 50% will be reinvested to earn fees for the protocol and maintain the protocol, thereby increasing overall profitability. These funds could also be used to add liquidity for MMY/WTFM at this stage.
- As an additional perk, Mummy Rebirth stakers will receive a 10% fee from protocol in $FTM, adding extra value to your holdings. The fee-sharing portion of the protocol will be updated as follows: (This portion will be subjected to re-voting after 1 year)
+ MMY/esMMY stakers: 30%
+ MLP stakers: 60%
+ NFT stakers: 10%
For instance: Since its launch on Fantom 8 months ago, Mummy has yielded approximately $2.8 million. As a result, rewards will be distributed to NFT stakers, with the aforementioned portion amounting to $280,000, in addition to the rewards derived from staking MLP in the Treasury.
- Users will have the opportunity to engage in the decision-making process to determine allocation and guide protocol development. Remember, for Governance voting, holding NFTs is all that matters, regardless of MMY ownership.
- Mummy Rebirth utilizes LayerZero’s advanced technology, paving the way for future bridging possibilities.
We’re dedicated to making your journey with Mummy NFT extraordinary and filled with rewards! Hold on tight for an incredible adventure with us! 🎁
Mummy Rebirth Sale Details
Contract address: TBA
Total supply: 10,000 NFTs (5,000 for fully V1 NFT burning and the rest 5,000 for new users)
Initial power points: 10,000
Initial bonus esMMY: 44
Initial price: 444 $FTM
Launching time: TBA
The early bird catches the plump worm
⚠️Please be aware that each group of Mummy NFTs holds a unique power percentage. With every 100 Mummy NFTs minted, their prices soar by 1%, while Power and bonus esMMY decrease by 1%. Act now and be rewarded! The sooner you mint, the more economical the price and the greater the power percentage you will acquire.
FAQs
Is NFT V1 abandoned along with MLP V1?
We refrain from abandoning anything because we believe that Multichain’s assets could potentially re-peg in the future. multiDAI remains securely held within the Treasury. However, it’s important to note that, for now, staking rewards for NFT V1 has been discontinued. In the event of Multichain’s assets re-pegging, we will reinstate multiDAI for MLP V2 staking and reintroduce staking rewards for NFT V1.
What can I do with the refunded multiDAI?
We cannot provide you with any financial advice. You have the option to hold it and await its re-pegging, or you can sell it for another token. The decision is yours to make.
How my refund multiDAI is calculated?
It’s calculated based on the power of the NFT you have chosen to burn and the total multiDAI in the Treasury that has been redeemed from MLP. The greater the power of your NFT, the more multiDAI you will receive.
E.g. Suppose you are holding 1 NFT V1 with a power of 5,000. In this scenario, you would receive 177.67 multiDAI. This calculation is derived from dividing the power of your burning NFT (5,000) by the total power of all NFT V1 (19,699,200), and then multiplying by the total amount of multiDAI in the Treasury (700,000).
I bought over 100 NFTs so what should I do now?
As aforementioned, you have two options. On one hand, you can mint 100 new NFTs, and burn 100 NFT V1, to receive a refund along with new benefits from the upcoming Mummy Rebirth collection.
On the other hand, you can still proceed with your NFT V1 and hope for the best from the Multichain team.
Alternatively, you can mint new Mummy Rebirth NFTs without burning your NFT V1 (but you will not receive your refund in multiDAI).
Connect with us
Website: https://www.mummy.finance/#/
Twitter: https://twitter.com/mummyftm
Telegram: https://t.me/mummyftm
Discord: https://discord.gg/xqSJaw8sUB
