What is MintDAO?
NFT Collections (Non-Fungible Token) are on the rise and growing in popularity. Countless influencers; Big-name celebrities like Jimmy Fallon from the Tonight Show have bought and promoted ridiculously expensive NFTs.
Although depicted as lucrative investment opportunities, most NFT collections have minimal to no utility. There is still so much debate as to the justification of their value. Aside from collectability value, they pose no real utility other than a cool profile picture.
This brings us to MintDAO (MintDAO.io). The team behind this project is aiming to establish a platform that not only creates and mints NFT collections for their clients but also generates rewards for the holders. They are a premium B2B service and solution for Crypto Projects that are looking to integrate NFTs.
At the core, MintDAO stands for “The Mint’’, which is the main smart contract that approves new NFT collections and distributes MintDAO’s native token — $MINT. The platform will be minting uniquely fashioned NFT collections for third-party projects with the intention of generating a customized reward system that benefits both the project and the community.
The platform will be minting uniquely fashioned NFT collections for third-party projects with the intention of generating a customized reward system that benefits both the project and the community.
What if your NFTs looked good & worked hard?
As mentioned earlier, most NFT projects do not hold any additional value beyond collectability. MintDAO differentiates itself by incentivizing NFT holders by generating basic yield rewards in the form of the $MINT Token.
Holders of MintDAO’s NFT Collections will receive benefits through yield farming and newly minted collections will be available for public trading on secondary Terra $UST decentralized network marketplaces (Terra — Powering the Innovation of Money).
Furthermore, The Mint provides a mechanism that allows the introduction of a governance system using $MINT Tokens. The token holders will be able to exercise their governance through votes that will allow them to define and approve the reward strategy of new NFT collections on MintDAO’s ecosystem.
This brings a whole new idea and opportunity to NFT Collection ownership.
Not only are they bringing utility to NFTs, but the team behind MintDAO understands the importance of differentiating themselves from an artistic standpoint. In order for any NFT collection to become collectable, it needs to stand out from the rest, and as you’re aware…it’s a saturated market.
The team has made it a point to collaborate with internationally talented artists to create NFT collections that catch the eye of anyone scrolling through the marketplace. Attractiveness and uniqueness of the collections are key to capturing new users, and they understand the importance of it.
Their first NFT Collection was a huge hit and a massive success!
The unique collection of 1000 NFT chests sold out in only 67 SECONDS via their own NFT Launchpad and is now available on the Luart marketplace (Luart | Linktree)!
First MintDAO NFT Collection of 1000 chests sold out in 67 Seconds!
Let us take a closer look at the $MINT Token, its supply, and how individuals can obtain it. The total supply of $MINT is set to 150-million for the first two years, increasing by a maximum of 4% yearly afterward with the actual inflation rate to be voted on by the governance.
There will be 3 primary ways to obtain $MINT.
- Buying $MINT on an exchange.
- Joining a $MINT-$UST Liquidity Pool and Staking your tokens on a $MINT Farm.
- Purchasing an #NFT collection created by the MintDAO and harvesting your rewards.
Their recent successful IDO’s were held across three launchpads:
1) Thorstarter — (Thorstarter — Powering the Valhalla Venture DAO ⚡️)
2) StarTerra — (StarTerra — The First Gamified Launchpad for Terra)
3) Atlo — (Atlo — You Choose. We Launch.)
With the intention to have multiple different types of NFT Collections available to the community. The Mint will continuously add new forms of NFT Collections while in operation.
Currently, there are two types of collections available:
1) Commemorative/Artistic Collections.
2) Partnership Collections.
Commemorative Collections will hold commemorative value as they will be minted in limited supply for important blockchain events such as Bitcoin Halving or Terra chain upgrades. They will also provide incentives for $MINT holders.
Partnership Collections on the other hand will be created in partnership with third-party platforms within the Terra Ecosystem. Incentives will be distributed to users on both platforms. These collaborations will generate brand awareness and become pillars for marketing efforts.
Anyone on the Terra network can create an NFT Collection. However, in order to join the MintDAO Ecosystem, these collections will need to be approved by The Mint. The approval will first be regulated by the developers, and later by the DAO. Once approved, holders of the NFT Collections will be rewarded with the $MINT tokens.
This method — called harvesting — allows users to receive incentives from
holding approved NFTs.
MintDAO is aiming to build a platform that is profitable for both third-party platforms & their community members/ $MINT Token holders. Having a unique reward strategy for each collection will ultimately lead to MintDAO’s success.
MintDAO.io
This Unique approach and fresh take on NFT Collection ownership is the reason why MintDAO poses a high growth opportunity for all Crypto Investors, NFT enthusiasts, and Blockchain projects looking to integrate NFTs.
As always, we are NOT financial advisors so please do your own research (DYOR!).
Please Visit: MintDAO.io for more information.
