$CATCH Totem NFT — Mint & utility details

Mint of our rare $CATCH Totem NFTs is just a few days away, and today we’ll introduce all the important details, the mint date, but above all — the utility that these NFTs will provide to their holders. Let’s get into it.

Mint details

Mint details The mint will be divided into 2 phases — the first is the whitelist phase for all those who held $CATCH Totem NFTs and Genesis Box NFTs at the time of the snapshot, which was taken on April 17th around 18:05 UTC. For each $CATCH Totem NFT you own, you are entitled to 20x WL spots, and for each Genesis Box NFT, you are entitled to 10x WL spots.

Whitelist mint date: April 28, 2024, at 17:00 UTC — May 1, 2024, at 17:00 UTC (72h)
Public mint date: May 1, 2024, at 18:00 UTC
Whitelist mint price: 13 CATCH
Public mint price: 19,5 CATCH
Supply available for mint: 9,000 NFTs
Total whitelists: 18,790

It’s important to note that the number of whitelist spots is approximately 2x more than the available NFTs for mint. This means that minting is not guaranteed even for whitelist participants. If you plan to mint, you need to hurry and be among the first.

There will be 9,000 NFTs available out of a total of 10,000. 500 are already in circulation, and another 500 will be held in the SpaceCatch marketing wallet for various community activities and contests.

$CATCH Totem utility

If you’ve been with us for some time, you know that we pride ourselves on offering real utilities for the entire SpaceCatch ecosystem, whether it’s the $CATCH token or NFTs.

While utilities for Genesis Box NFTs are already known, $CATCH Totem NFT was a mysterious NFT until a few days ago. Now it’s time to reveal the first of many utilities that this rare NFT will acquire over time.

Lifetime discount

Every holder of a $CATCH Totem NFT will receive a 10% discount on minting all NFTs that will be minted in the future. It doesn’t matter if the minting price is $100 or $1000 — you’ll always get a 10% discount. Please note that the discount is always a maximum of 10% per wallet, so having more Totems in the same wallet won’t increase your overall discount.

NFT Staking

Staking will be a key feature and utility for our NFTs. Unlike other projects, our staking will bring real utility in the form of deflationary NFTs. This guarantees the sustainability of this concept, while the profitability of staking will be evenly distributed over time.

Staking $CATCH Totem NFTs will earn you staking points. You can stake any number of NFTs in your wallet, with each NFT having a multiplier of “x 1.01” (this number may change in future). This means that the more NFTs you stake in one wallet, the higher your daily staking points will be.

Example: You hold 100 Totems, your reward multiplier is 100 × 1.01¹⁰⁰ = 270,48%. If you hold 200 Totems, which is only 2 times more, your multiplier is 100 × 1.01²⁰⁰ = 731,6%.

Staking points are non-transferable and non-saleable. However, you can use them to buy various items and goods in the “SpaceCatch Shop,” where these staking points act as a currency for purchases.

What’s important is that buying with staking points is essentially minting. So all the items you buy will represent newly minted NFTs that will be added to your wallet.

With staking points obtained from $CATCH Totem NFTs, you’ll be able to buy NFT raffles, which you can either sell or open. These raffles will contain various rewards. Importantly, the SpaceCatch team will allocate all collected $CATCH tokens from the mint of these Totems and will pay them back in the form of winnings in these raffles. Therefore, thanks to minting NFT Totems for a few tens of dollars and their staking, you may be able to win hundreds to thousands of $CATCH tokens in these raffles — if you’re lucky enough! However, if you don’t want to open these raffles, you can freely sell them on the market and secure yourself a passive income!

More details on NFT Staking and the exact % of raffle winnings will be announced closer to the launch of staking sometime during the summer of this year.

Weekly giveaways

In addition to other benefits, Totem holders can also look forward to regular weekly giveaways. During the first few months, we plan to give away 1 Genesis Box NFT to a random Totem holder each week. The more Totems you hold, the higher your chances!

Future $CATCH Totem NFT utilities

$CATCH Totem NFTs, along with Genesis Box NFTs, are among the rarest NFTs in the SpaceCatch ecosystem. Their total number is 10,000, and there will never be more. The uniqueness and value of these NFTs will grow alongside the increasing number of crypto (Web3) and non-crypto (Web2) players in the SpaceCatch game.

As we are well aware of the aspects of an open gaming economy in the style of Web3, we will always strive to provide a variety of utilities for our token and NFTs to make them attractive to players and investors. However, above all, we always build everything with a vision of long-term sustainability — so most bonuses and utilities will always be based on a deflationary basis to ensure the sustainability (growth) of rewards.

Conclusion

At the time of minting, the price of $CATCH Totem NFT was approximately $200. Now it will be possible to acquire these NFTs for only 10% of the market price — $20. Thanks to well-secured funding from SpaceCatch, we don’t have to use a similar pattern as most projects — exploiting our community as the main source of revenue. Instead, we can offer our community unbeatable conditions!

Follow for more Discord — Twitter — Website — Instagram — Telegram