Wizardia Explained — Arena Genesis NFTs, Staking, and Passive Royalties
Wizardia is an upcoming fantasy role-playing game based on blockchain and NFT technology where players take on the role of Wizards and battle it out with each other in PvP and PvE game modes.
With the second round of Wizardia’s Arena Genesis NFT token sale already underway, now is an excellent time to look at how our token system works, how players can earn passive income, and how we plan to move forward with Wizardia.
Arena Genesis NFTs
Our Arena Genesis NFT sale has already begun. We conducted a soft launch over the past weekend to test our system under low load, and the first sales round commenced on Monday, Feb. 14.
The Arena Genesis NFTs will be distributed in seven sales rounds. As soon as one round sells out, the next one begins.
NOTE: We sold 2,000 (out of 28,000) Arena Genesis NFTs during our recent private sale. The private sales round was reserved for those who invested in Wizardia in the early stages of the project’s development.
Arena Genesis NFTs give their holders passive income for the entirety of Wizardia’s existence. There are two stages of how the rewards will be generated for Arena Genesis NFTs’ holders — before the Arena launch and after the Arena launch.
How You Will Earn Before the Arena Launch?
Before the Arena launch, your purchased Arena Genesis NFTs will be automatically staked, and generating staking rewards for you. These staking rewards come from the staking token pool, and are unrelated to the income you receive after the game launch.
The staking rewards differ by the round in which the NFT was purchased, meaning that round 1 NFTs (#1–4000), round 2 NFTs (#4001–8000), etc., will all have different values and APYs. This means the earlier you jump on board and grab your NFTs, the more they will generate passive income for you. Here’s an overview of how the Arena Genesis staking rewards will play out:
As you can see, the tokens that you earn are predefined by the round you purchase the NFT in. As mentioned before, the NFTs are automatically staked, and the rewards will be paid out when the game’s battle Arena launches between Q2-Q3 of 2022. In the meantime, we are constructing a customized dashboard where holders can view the progress of their staking rewards before the game’s launch.
Note that the APY and the number of tokens are just two ways to express the same thing — how much you earn. APY might be less accurate, but the token amount is fixed.
How You Will Earn After the Arena Launch?
After the Arena launch, the Arena Genesis NFT holders will receive ongoing royalties from all transactions made in the game’s battle Arena. This means that whenever two players have a PvP battle, Arena Genesis holders will receive a portion of the transaction fees they incur. Arena Genesis holders do not have to participate in gameplay to receive royalties from their tokens.
Note that each NFT owned will generate the same revenue regardless of the round it was purchased. Up to 10% of fees will be taken from all of the transactions made in the game’s battle Arena, and most of that will be going to Arena Genesis NFT owners.
Use our ROI calculator (https://wizardia.co/ROI-calculator) to see the projections based on how many NFTs you own, what round you purchased them, etc. These calculations apply to the revenue generation model after the Arena launch.
Royalties generated from Arena Genesis NFTs will continue indefinitely, as long as players take part in battles in the game’s Arena. The passive income will be distributed to Arena Genesis NFT owners every few weeks regularly.
How to Buy Arena Genesis NFTs?
To buy Arena Genesis NFTs, go to the Wizardia website and connect your MetaMask or WalletConnect wallet.
Connect your wallet to the Binance Smart Chain network. Remember to keep some BNB in your wallet to pay for the transaction fees. Use BNB, USDT, or USDC on the BEP20 network to make your purchase of Arena Genesis NFTs. The tokens will be sent to your wallet within 15 minutes of the purchase being made.
A complete detailed guide on configuring your wallet and buying Arena Genesis NFTs can be found here: https://wizardia.co/3BoiRwb.
Staking and Multi-Chain Mechanism (BSC and Solana)
Arena Genesis NFTs will be staked on Binance Smart Chain, and stakers will receive royalties in the form of a pegged Wizardia (WZRD) token.
Tokens will be hosted and distributed on Solana and Binance Smart Chain simultaneously when the game launches. At this point, a SOLANA-BSC bridge will be available so you can hold tokens and earn rewards on the blockchain you prefer.
Staking rewards for Arena Genesis NFTs will be paid out via BSC at first because you stake your NFTs on BSC. However, when the game goes live, royalties from in-game battles will be distributed on Solana, BSC, and any other multi-chain options we integrate as time goes on.
Wizard NFTs
Wizard NFTs are the second type of NFT present in Wizardia, and represent the player’s character in-game. Wizard NFTs can be leveled up with successful gameplay, and then subsequently sold, traded, or rented out according to the player’s wishes. Also, they will vary depending on their rarity — the rarer the Wizard NFT, the higher the player’s starting attributes will be.
More information regarding Wizard NFTs, their lore, and how they operate will be released in March, alongside Alpha game version leaks.
The Countdown Has Begun
The first of our Arena Genesis NFT public sale rounds kicked off on Feb. 14. As each of the seven sales rounds ends, the next will begin.
Visit the Wizardia website now to get your hands on Arena Genesis NFTs before they sell out, and secure your own passive royalties from Wizardia before the game launches in full.
Wizardia is a Play-to-Earn online role-playing strategy game with unique NFTs at its core. It’s built on three gameplay pillars: innovative turn-based combat, player-decision-driven game evolution, and upgrade-based character progression. $WZRD is the Solana-powered utility token that also acts as in-game currency and can be spent as well as earned or exchanged by every player inside and outside of the game. Wizardia rewards those who contribute to the game’s metaverse and its real-valued economy system so there are no one-way investments.
How to Get Involved
- Join our Discord channel to pave the way for the future of Wizardia.
- Join our Telegram to be one of the first magic users to experience the fog.
- Join our Twitter to learn more about our progress into this new realm.
Have You Taken Part in Our Latest Giveaway?
Check out our giveaway page because there are always some massive NFT and cryptocurrency prizes being handed out.
Join the giveaway here: https://wizardia.co/giveaways
