“THE RUNES OF NAR” — Narwhalswap’s NFT Features

This is your guide to Narwhalswap’s unique NFT (Phase 1) features!

(All information is accurate at the time and date of writing and is subject to further updates)

The $GEM and $GOLD features seem to have hinted users at a much larger game in play here for the NAR-world. And today, we want to introduce you to the next step in Narwhalswap’s Roadmap — our uniquely made NFT features.

What is an NFT?

A “Non-Fungible Token” is a type of digital asset that is particularly valuable because these tokens are unique, rare and indivisible (more info here: https://cointelegraph.com/magazine/nonfungible-tokens/#fungible-vs-non-fungible). Because these assets are unique and limited in number, their value potentially only increases as time passes by.

TLDR: NFT are crypto-collectibles.

What makes Narwhalswap’s NFT features unique?

The first phase of Narwhalswap’s NFT features will combine collectability with utility. This means that users will not just be able to buy,sell or collect these assets, but each NFT also has a unique function in the Narwhalswap Protocol.

Which means you can actually use them for your benefit.

Note: At this time of writing, the NFT features are going to be rolled out in different phases so that the dev team can monitor the performance of the new features as well as gather user feedback. Phase 1 will include the NFT slots being usable in the $GEM pool ONLY.

GUIDELINES AND MECHANICS: GACHA MACHINE

The GACHA-machine

• The GACHA-machine feature is the only current feature where you can attain Narwhalswap’s NFTs (Phase 1).
• The GACHA-machine will offer randomised chances to attain a random NFT of any type and grade.
• You will need to purchase an attempt by using $GOLD. This transaction is a purchase transaction, meaning the $GOLD tokens used are burned upon each GACHA-machine attempt.
• Each GACHA-machine attempt will scale the purchase cost by a multiplier of 2.
  - Example: first attempt costs 10 $GOLD, second attempt costs 20 $GOLD, third attempt costs 40 $GOLD, forth attempt costs 80 $GOLD, so on and so forth.
  - Everyday at 12AM UTC, this attempt price is reset back to 10 $GOLD token and starts scaling up per attempt again.

GUIDELINES AND MECHANICS: NAR-RUNES

Phase 1 of NAR-runes sees the release of the first NAR-rune that will affect different elements in the Narwhalswap Protocol.

• Runes types (Phase 1): Potion Rune
• Rune grades: Common, Rare, Epic, Legendary, Transcendent

NAR-runes activate 24 hours from slotting time. So time your slotting times + refresh times well!

(Note: The devs have placed this as a safe-guard for a few things. And Phase 1 will allow them to monitor how these effects will work)

NAR RUNE: POTION

A strange elixir found in the seas of NAR provides a boost for sailors who brave its waves.

POTION runes affect the envied speed of buffrate growth. The default buff-rate increase is 50%. By slotting in a POTION rune, you will be able to increase that %.

POTION Rune Grades & Effects:
Common: Buffrate refresh increased to 55%
Rare: Buffrate refresh increased to 60%
Epic: Buffrate refresh increased to 70%
Legendary: Buffrate refresh increased to 85%
Transcendent: Buffrate refresh increased to 105%

The effect of POTION runes can be a little bit tricky when it comes to timing the next buffrate refresh. We’ve provided a small example as an explanation.

Example:

• Buff-rate refresh at 1PM, Monday (+50%), slotted in Common Potion rune on 5PM, Monday
• Buff-rate refresh at 1PM, Tuesday (+50%), rune activates 5PM, Tuesday.
• Buff-rate refresh at 1PM, Wednesday (+55%)

REMOVAL effects:
When a POTION rune is removed, the next buffrate refresh increase will revert back to the default of 50% increase (unless MAX buffrate has already been reached).

Keep this guide close sailors. The first rune of Phase 1 might not seem like much, but when used properly, your voyage on the NAR seas might become some of the most lucrative sails yet!

Do let us know your thoughts and comments about the runes. And if you find any bugs or errors, feel free to reach out to us as well! We’re super excited to share this next step in building the Narwhalswap Protocol with you, and we’re thankful that many of you have stayed with us this far.

— The Narwhalswap Team

Note : These features (NAR Gachapon Machine, Potion Rune NFT) will launch 8AM UTC, 9 November 2020.

Upcoming Rune Launches: Rank Rune, Refine Rune

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