Welcome to pumpskin
The mechanics mentioned in this article are subject to future changes depending on the community and advisors input.
Boo! Welcome to pumpskin! We’re glad you found us on Medium. If you’re reading this in March 2022, you ser, are very early. pumpskin is a first of it’s kind of gamified NFT on the Fantom Opera network with a passive income utility. pumpskin is thoughtfully designed with fun and funky traits, a worthy collectable in it’s own right, but there’s more!
Tri-Tokenomics
Inspired by the success of ‘Chikn’ on the AVAX network, we created our own ecosystem attached to the pumpskin NFTs to maximize gamification and passive income plays. There is the pumpskin NFT, the pumpskin Pie Token $PPIE, and the Magick Potion Token $POTN.
By entering (staking) your newly minted pumpskin in the pumpskin Den, your pumpskin will begin to conjure up 4 pumpskin Pie Tokens ($PPIE) per day, and 1 extra $PPIE with each increase of Magickness level. Each pumpskin you own has an initial Magickness level of 1. The higher level of Magickness your pumpskin gets, the more $PPIE it can conjure up for you daily. To increase the pumpskin Magickness level, it needs to drink some $POTN. By depositing (staking) $PPIE in the Magick Lab, $POTN will be extracted for your pumpskin to drink and level up. The more $POTN your pumpskin drinks, the higher level of Magickness your pumpskin gets! Although your pumpskin will be conjuring $PPIE indefinitely, $POTN has a fixed circulating supply.
Rarity
There will only ever be 10,000 pumpskin NFTs, each being naturally unique in it’s own right, though they will be divided into 6 rarity levels.
Common : 5,000 (50%)
Noice : 3,000 (30%)
Rare : 1,200 (12%)
Super Rare : 600 (6%)
Legend : 191 (1.91%)
God Tier : 9 (0.09%) (Hand Crafted)
Pre Minting
The initial 666 pumpskin NFTs will be free mints offered to a select few who are helping this project from the very beginning. These will be distributed to advisors, artists, devs, community mods, promotions, etc.. How the pre-mints get distributed exactly, will be announced in the next article in detail. In this initial phase of community building, we are seeking your input, and possibly your talent!
Contact us at team@pumpskin.xyz if you would like to join us building or running this project!
After 666 pumpskin NFTs are offered for the initial free mints, the remainder of 9,334 pumpskin NFTs will be available for public minting in a fair launch. All rarities will be randomly minted at the same minting price. Public mint date TBA close to the launch date.
Royalties
But wait, there’s more! The pumpskin team has decided to give even more to the pumpskin community. There will be a 10% royalty each time a pumpskin is sold on our marketplace. The 10% will be distributed as such:
1% to the original minter of the sold pumpskin NFT
3% is reflected to all the pumpskin holders per NFT held, as rewards in $FTM, available for claiming at our website on a weekly basis.
1% is to buy back and burn $PPIE.
3% goes to help the future developments of the project.
2% has a special utility which we will be announced in our next article
💡 Owning a pumpskin NFT is like a gift that keeps on giving, indefinitely.
What’s next
Over the next few weeks, we will be updating our community through more Medium articles as we progress. Some topics we’ll be covering next will include :
- Team and Governance
- Deep Dive into the pumpskin Tokenomics, Fund Raising and Bootstrapping
- Announcing our Socials, Twitter and Discord
- Gameplay Strategies
- Upcoming Events and Opportunities
- Roadmap and Launch Strategy
- White Paper
and many more topics to come..
Thank you for finding us, glhf! Stay safu..
Boo!
Team pumpskin
