TALECRAFT’S NEW TRADEMARK CRAFTABLE
Dear Crafters, welcome again! For the time being, we will dive deep about TaleCraft’s new trademark Craftable™ and its ecosystem. We have been working on diligently for 2 months and we cannot define how excited and happy our team is right now. We were looking forward to share with you that we have accomplished together!
New Website Design and Craftable
While creating Craftable, we put an incredible effort to make it easy to use and have a nice and modern design. The aim was to be able to give a service that is easy to understand, straightforward and a nice experience. And we believe those values are met, that’s why Craftable works smooth and lightning fast!
As our design choice we used purple and white tones, also to show our innovative side our choice was CSS gradients. It’s a unique and iconic palette that will provide our recognition on Avalanche Ecosystem.
Chest and Crafting
We really care about our chest system and the innovation it brings. That’s why we didn’t go for a change on that matter. But that does not mean there will be no improvement on chest system. With the release of new artist packages and verified users who will be capable of to create an art on Craftable, our platform will have a diversified and colourful market environment.
First 30 week sale period will have “legendary” status and will have a huge impact on gaining “Alchemy Power” that we will explain below.
Also, users will be able to acquire alchemy power with new chest sales.
We are aware of the fact that our community likes crafting technology. In order to make it more enjoyable and easier, we have made some UI/UX improvements on crafting feature too. With our first partner @firatinsayfasi and its published packages, our users will be able to create entirely unique and handmade characters.
New Marketplace and Artist Package
Our aim as TaleCraft with Craftable is to be fastest and strongest marketplace on Avalanche Ecosystem. With that manner, first verified user’s will be able to sell their own made NFT’s on marketplace. Platform will support both ERC-1155 and ERC-721 sale. With various filters, price table and NFT tracing features to use with, marketplace will be easy to trace and fast. With NFT tracing feature users will be able to follow and like their favourite NFT’s. In Q2, marketplace will be open for all individual users and our precious community will be able to craft their own series of packages!
Alchemy Power
Let’s crank pace up with the most astonishing topic: “Alchemy Power”. As TaleCraft team, with the power of Craftable we present our user a new way of trading by a new variable. With Alchemy Power, our aim is to merge DeFi and NFT users on a mutual point by creating a well-blended economy.
How users going to get an Alchemy Power? Well, you don’t need to make anything specific more than using our NFT and token stake features. Alchemy Power is a full on-chain feature that is not suited for buying or selling. It’s a feature that boosts users’ interest rate, voting power and distribution of resources. Users will be able to farm correlated to their Alchemy Power, vote on matters that decide future of TaleCraft, get rewarded by $AVAX and stake NFT’s to gain boosted interest rates on stable coins.
Calculating Alchemy Power will be done on-chain with multipliers written down below:
Phi Stone Tier NFT’s x2
Gold Tier NFT’s x1,5
Silver Tier NFT’s x1
Iron Tier NFT’s x0,75
Stone Tier NFT’s x0,5
Element NFT’s can’t be staked and can’t acquire Alchemy Power for the same reason.
-Additionally, while staking $CRAFT, users will be able to mint Alchemy Power every second.
-Value: 0.003 alchemypower per second distributed to all stakers (to whole pool).
- Minted Alchemy Power by staking $CRAFT will be erased when staking of tokens ends. -$AVAX rewards will be distributed correlated to Alchemy Power pool. $AVAX APR formula is as it follows;
- (This week avax reward * avax price * 52) / (total pool alchemy power * 10 * craft price) * 100
Earn
Like previously stated, our aim is to present DeFi users to advantageous ecosystem of TaleCraft. For that reason, Craftable came up with a whole new earning methods to provide users with the most profitable and well implemented system. With new earning system, users will be able to farm stable coins. With Alchemy Power users can boost their farms, which means can decide their own APR. For stable coin stake, user must have staked ERC-1155 on Alchemy Power contract. With the resources came from chest sales, half of the $CRAFT will be allocated to Earn Pool while the other half will be going to yield reserve. With that way, Craftable is creating a stable and a long-term farm system for its users.
25% of the $CRAFT rewards will be allocated to base APR pool while the other 25% will be allocated to boosted APR pool. $USD stakers will be taking their share from base APR pool correlated to their staked $USD(users with no AlchemyPower cant stake stable coins), while boosted pool will be allocated for Alchemy Power and will be having their share from boosted pool + weekly $AVAX rewards.With new packages, this distribution method will go along and maintain itself.
Dashboard & Governence
Craftable will provide its users a Dashboard feature. With this dashboard, users will be able to see all their transactions, assets, alchemy power and pools.
On the other hand, with the Governance feature, users will be able to see their DAO influence correlated to their Alchemy Power. They can vote and they will be eligible to claim airdrops by Investment Lab.
With the upcoming updates, users with certain amount of Alchemy Power will be able to open their own voting. These features will make TaleCraft the most community driven project ever made.
Bunch of thanks to our community of Crafters who made this project possible and running. Let’s gather at it again, as now and future we have much to discuss!
