When we said that the 1001 NFTs would have countless benefits, we meant it. Utility, in addition to art, has been a significant part of our genesis collection, and we are now preparing to deliver Epoch-based Rewards, another first in the NFT sector. So Approximately 500 NFTs were acquired on average per site during the Whitelisted Sale, which saw the purchase of about 500 NFTs. The sale had already concluded inside the first few minutes. Launch of the staking mechanism on ESD, Accordingly, the benefits are linked to these milestones. The benefits are divided into four phases: Phase 1, Phase 2, Phase 3, and Phase 4
We begin with Epoch 1.
Epoch 1 is connected to some of our most recent achievements, such as
The sales of The Shopping Pool
launch of the ESD, Staking mechanism
The advantages are consequently related to these achievements. Phases 1, 2, 3, and 4 are separated into the benefits.
Phase 1 is known as the "Freebies Phase"!
Do you recall that we informed you about NFTs that are Premium or contain the Pay logo? Freebies are in store for holders.
We will take a picture of holding wallets between now and 22 July at 00:00:00 CET. The owners of Premium NFTs and NFTs with the Pay logo inside will split tens of thousands of PAY among themselves. And it's only a freebie.
Phase 2: Distribution of special tokens
With the incentives, things are now starting to take a serious turn. The rank of your NFT, as we've already stated, may or may not be important. This phase exemplifies what we mean by it.
21 victors in this round will split 82,500 PAY in total.
The third phase is the one you've all been anticipating.
Yes, this is where the winner of the Shopping Pool will be determined. How?
All, 1001 NFTs will be eligible to win the Shopping Pool, as we have stated. To choose the winner, lottery tickets are being introduced here
Based on the ranks of NFTs, the complete collection will be sorted into tiers. The more lottery tickets get sold and the more likely you are to win a shopping pool, the higher the NFT rank. However, every one of, 1001 has a chance to take home the Shopping Pool.
(Much more on this when Phase 3 launches approach.)
Phase 4 — Time to boost your Staking Rewards!
With our current staking program, you can stake PAY across any of the four lock-up periods—1 million, three million, six million, and twelve million—and earn an annual percentage yield (APY) of 5, 7, 9, or 12 percent. You can use your NFTs to apply increases to your staking payouts of up to 5%. The APY's would actually be 10 percent, 12 percent, 14 percent, and 17 percent going forward.
For an owner of a shopping pool, make that 20%. What else? All stakes in the shopping pool will be eligible for the boost that the pool owners have enabled.
The following are some highlights, with more information to come in the upcoming day's boosts will be between 1 and 5 percent. There will be a distinction in benefits between existing staked amounts.
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