Levana Meteors — Evolving NFTs
Levana’s first product is the Levana Leverage Index (LLI) token: LUNA2x. For Levana to generate leverage, LUNA is needed. This process happens in two phases; NFT Meteor Showers (Phase 1) and Public Farming (Phase 2).
The primary purpose of accumulating LUNA (via UST) in the first phase is for the optimization of the leverage system.
Like a dragon learning how to fly, the first flight is rocky and practice is needed to fly safely. In a similar manner, funds accumulated in the first phase (Pool 1), will be used to ensure the LUNA2x-LLI token is generated safely on Levana.
After the optimal amount of testing is done in Pool 1, the second phase of generating leverage will commence via a community farming pool. More details about the second phase will be announced in a future article and our Discord.
Meteor Showers (Phase 1):
As hinted in the Levana Lores, the first phase begins with a meteor shower of Levana Meteors. Levana Meteors are NFTs users can obtain by contributing UST. The UST will then be used by the protocol to buy LUNA for the LUNA2x Pool.
It’s important to note 16.5% of contributed UST will be used to fund the artists and creators behind the NFTs, while the other 83.5% will be used to buy LUNA for the LUNA2x Pool.
*The term ‘contributing’ is used because UST contributed during the meteor shower won’t be returned. Participants will receive a Levana Meteor NFT instead.
Levana Meteors come in four different categories: Common, Rare, Ancient, and Legendary. The more you contribute, the higher chance you have of obtaining a higher category meteor. Every participant will receive a Levana Meteor with the potential of containing a dragon egg.
The minimum contribution for Levana Meteors is set at 8 UST. There is no maximum amount of UST a participant can choose to contribute, the higher the contribution, the more likely it is to receive a meteor with a dragon egg inside. Participants will need to be strategic during the drops as the amounts contributed by others will be relatively private.
The meteor shower will last for 44 hours, which means everyone will be able to participate. Every hour will be an individual drop of meteors that contain 202 dragon eggs. There are 8,888 Levana dragon eggs in total. This means a diligent participant (single wallet address) can accumulate up to 44 Levana Meteors, possibly holding up to 44 dragon eggs.
Levana Meteor distribution:
An example, assuming there are 1000 participants in a drop:
- Legendary Meteors (top 10 — guaranteed to have a Legendary Dragon Egg)
- Ancient Meteors (next ~9% — 30 Ancient Dragon Eggs)
- Rare Meteors (next ~22.5% — 61 Rare Dragon Eggs)
- Common Meteors (remaining participants — 101 Common Dragon Eggs)
It is important to note that the chances of a Levana Meteor containing a dragon egg are subject to change base on the number of participants in an individual drop.
The exact methodology of dragon egg distribution depends on how many users participate in each drop. If there are only 202 participants, then every Levana Meteor would contain a dragon egg.
After receiving Levana Meteors, they can be traded in any future Terra NFT marketplace, held for future meteor cracking, or cracked to potentially reveal a dragon egg.
The option to crack Levana Meteors will be made available about two weeks after the meteor showers. This will allow enough time for the engineers to properly test out the cracking station. All Levana Meteors that don’t contain a dragon egg will instead receive Meteor Dust which can be used for future purposes.
Each dragon egg has a unique name, specific traits, and a story behind it. We will be releasing these features over time.
Dragon eggs serve as a way for the Levana DAO members to identify core members of the Levana Community and enable better collaboration.
The Levana DAO will be launched this fall. We are excited to have future integration between the Levana Protocol and Levana NFTs. We anticipate that the community will propose for governance vote exciting opportunities to use NFTs within the Levana Protocol. While we cannot commit to any integration, we leave the ultimate decision up to the community to come up with great ideas and implement them over time.
Steps to receive a Levana Meteor:
- Sign up on https://levana.finance/meteors , before the launch. You will get an email when the launch starts.
- Once the meteor shower is live, go to https://levana.finance/meteors and connect your Terra Station Wallet.
- Select how much UST to contribute and confirm with your wallet. (min contribution: 8 UST).
- Wait an hour for the next drop and repeat the process to get another Levana Meteor.
- Once the meteor shower is finished (after 44 hours) you will be able to hold your Levana Meteor for future cracking, crack to potentially receive a dragon egg, or trade on a future NFT marketplace.
Future of Levana NFTs
Levana is excited to partner with other NFT creators and DeFi protocols in the Terra ecosystem. As a result of being incubated by Delphi Labs, Levana will be working with Mars and Astroport to find interesting ways NFTs on all three platforms can interact.
Other potential partnerships include Galactic Punks, Astroverse, and Spaceloot. We will provide more information as these conversations mature.
Join our Journey
Predicting Meteor Showers (Phase 1) on Mars can be a difficult task, which is why the exact date and time are still unknown (targeting October). To stay updated, make sure to sign up on Levana’s email to get notified of the first glimpse of the Meteor Showers.
Sign Up: levana.finance/meteors
Join our Discord: https://bit.ly/discordlevana
Read our Lore: https://blog.levana.finance/levana-lore-part-1-of-4-8dde4b3f40bf
