May 24, 2021
The TUBE 🧪: Announcing MUST ⚗️ Staking release on Polygon
In Cometh’s original Whitepaper, the TUBE 🧪 was a staking tool to unlock new NFT, to grow the value of MUST⚗️ and also to scale the activity of the Cometh ecosystem.
A first version of the TUBE 🧪 was released on Ethereum Mainnet on the 15th of January. As of today, ~2,580 spaceships were unlocked (~60% of the total fleet) by ~450 stakers. About 20% of the total MUST ⚗️ supply is still seating in the Ethereum Mainnet TUBE 🧪, hoarding rewards for future loots.
Despite its early success this first version of the TUBE 🧪 was rapidly hitten very hard by the raise of transaction fees. Soon the act of depositing tokens and redeeming rewards became more expensive in network fees than buying a NFT on the market. This tool had to be migrated to Polygon, the scalable layer where the rest of the Cometh ecosystem is deployed.
Lesson learned from previous staking mechanisms
The original TUBE 🧪 distributed a counter called DUST to the stakers with a slightly decreasing return on MUST⚗️ deposited in order to promote small holders. This system was great to onboard new players but unfortunately the original contract handled badly deposits below 1 MUST. New NFTs to mint were not introduced in the TUBE 🧪 often enough. It remained too hard for new stakers to enter and unlock them thus benefiting long time large stakers.
The new TUBE 🧪 aims at:
- incentivizing all MUST ⚗️ holders with emphasis on the small holders;
- having a constant stream of NFT to unlock;
- introducing new forms of rewards than just NFT;
- having sub TUBE🧪 for dedicated collections with a fair level playing field;
- fairly rewarding committed stakers;
- letting players dynamically interact with the TUBE🧪 from the game.
When will the TUBE🧪 be released ?
Wednesday the 2nd of June.
What about the DUST accumulated in the original TUBE🧪 ?
The DUST accumulated previously will be available on Polygon although the stakers will need to make an adjusted initial deposit to unlock their balance. This unlock mechanism is meant to nudge users to migrate their MUST to Polygon in the process.
What will you find inside the new TUBE🧪 ?
New spaceships from the core factions of Cometh will be released (Asterion and Al’Ong), here’s a teaser:
The release of the TUBE🧪 will introduce in-game items :
- Private Area Bumper
- Jump ward (Solar system bound expander)
- Cooling boost
- Mining Area Boost
- Push capsule
- Electromagnetic blast
Some of those items will be usable only in Player vs Player arenas which are set to open on the 15th of June for 4 weeks of tournaments loaded with prizes valued at USD250,000. To enter the tournament, we will leverage our Kiosk and distribute entry tickets in the TUBE🧪 as well.
Stay tuned for the announcement of the first TUBE dedicated collection and the preview of the items!
About cometh.io
Cometh is the first DeFi Layer2 powered blockchain game with yield generating NFT. Cometh is building an entire Ethereum Layer 2 ecosystem, starting with a game, a new decentralized and scalable exchange (ComethSwap) and groundbreaking projects such as Cometh Rental, the Refinery and the Melange (see whitepaper). Play now
