PRESS RELEASE. Right after the Marnotaur DeFi leverage platform announced the extremely quickly completed of its Marnotaur NFT collection presale, the team announced that the collection would go public. The date for the sale has been set for October 4th on the official website https://nft.marnotaur.com/ and there are expectations in the community that it will not last long. In this article, you get a look at the design, utility and sustainability of the collection’s tokenomics model.
Created by NFT256, inspired by Bullish DeFi Cycle (which will bring BTC to $100,000)
The first release of the Marnotaur NFT collection contains 2,775 uniquely designed creatures – Marnotaurs. The collection is issued in squadrons of 555 NFTs. Every NFT is designed and created by members of the renowned artistic community – NFT256. This group unites talented people from all over the world, artists who are interested in modern technology but are still in love with art. NFT256 artists collaborate with the best crypto projects, making exclusive NFT art available to millions of people.
The collective created thousands of individual NFTs for the Marnotaur project and the team endowed them with a variety of traits and features, diversifying the rarity of each single NFT. When you buy this NFT, you are actually buying an embryo. A short time after, a Marnotaur is born from the embryo and until that moment, the rarity, appearance and traits of each Marnotaur remains a mystery, impossible to predict. The distribution of tokens is made entirely on a random basis and the team is considering using the Chainlink randomizer for this purpose in the future. As a VIP option, the Marnotaur team will offer users the chance to customize their NFT with their own facial and body features. These upgrades will increase the Marnotaur’s rarity, pumping up its price.
Inside the Marnotaur NFT Collection
Financial benefits for Marnotaur NFT owners
- Royalties from secondary market sales
To participate in this profit sharing campaign, users need to hold a Marnotaur NFT and some $TAUR tokens (a minimum equivalent of $500). If you comply with these conditions, you are eligible for the distribution of royalties, which is 50% of all the collected royalties from secondary market sales on OpenSea.
- Price increase with every new emission
The emission of NFTs belonging to the Marnotaur collection is divided into 18 squadrons. Each squadron has its own floor price. NFTs from squadrons #1-5 start trading from 0.05 ETH, while the price of the NFTs from each subsequent squadron MUST be priced at least 50% higher than the preceding squadron’s sale price. This means that those holding NFTs from any of the first 5 squadrons will get the juiciest rewards – a chance to receive up to 1,300% payback on their initial investment. The final price will be decided by the community via the DAO voting process, which is available to all Marnotaur NFT token holders.
The community might consider implementing a Bonding Curve mechanism.
Besides the obvious profit potential of selling your first-gen Marnotaur on the secondary market, there is a profit sharing program for token holders. It distributes 30% of the proceeds from the sale of NFTs originating from squadron #6-18 to holders of Marnotaur NFTs.
Marnotaur NFTs can be used for staking and earning rewards in Marnotaur’s native utility token ($TAUR), which will be used for multiple purposes within the project ecosystem. There is also a buy & burn program to take pressure off the token price.
Marnotaur DeFi-leverage platform benefits for traders, liquidity providers and keepers
The Marnotaur platform has three types of users: liquidity providers, margin traders and keepers. The platform features a basic leverage of 5x, though there will be options to gain access to higher leverage for some categories of users. Marnotaur NFT holders will also be able to enjoy a higher leverage ratio. The exact multiplier will be announced later and will be subject to change, based on the decision of the DAO.
Liquidity providers are not left out by any means. For holding a Marnotaur NFT, they will be granted a yield farming reward-booster. This sweet bonus is intended to attract new LPs in the early stages of the project and pamper early providers who demonstrate their trust in the concept and the team.
But most interestingly, Marnotaur NFT holders are able to take up the role of a liquidity keeper for the platform. Those who do, will receive rewards for liquidating positions that hit the agreed price point.
And one more nice bonus for owners of these NFTs is exclusive access to a private Discord server where they can chat with team members, get news, read reports and gain insights about the project at lightning speed.
Marnotaur invests in strengthening the DeFi community
The Marnotaur NFT is also part of the growing DAO and provides various benefits to token holders. These include: learning opportunities from the team and access to data based on traders’ performance and behavior. The data collected will also form the basis of analytical reports for holders as well. This information empowers anyone who’s privy to it to build a trading strategy and avoid the mistakes of their peers.
As mentioned above, the DAO has the casting vote when it comes to setting the price of NFTs from squadrons #6-18 (as well as the power to totally stall new emissions). Members also get to vote on the platform’s development in general, determining the direction of the venture and its future.
The Marnotaur NFT is a part of the rapidly growing gameFi ecosystem and is meant to be used in cross-platform games and projects, pumping the price of the token and providing extra profits for holders. Besides all that of course is the fun you get from any good game.
Summing up Marnotaur NFT
Looking at the Marnotaur website https://nft.marnotaur.com/ it is looks obvious – the team has considered all angles and covered all the factors that make a “good” NFT. There is high potential in this asset and users can appreciate the meticulous designs that highlight the immense effort made by the artists who participated in the creation of the collection.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image Credits: Shutterstock, Pixabay, Wiki Commons
PRESS RELEASE. Proper after the Marnotaur DeFi leverage platform introduced the extraordinarily rapidly accomplished of its Marnotaur NFT assortment presale, the staff introduced that the gathering would go public. The date for the sale has been set for October 4th on the official web site https://nft.marnotaur.com/ and there are expectations in the neighborhood that it’s going to not final lengthy. On this article, you get a take a look at the design, utility and sustainability of the gathering’s tokenomics mannequin.
Created by NFT256, impressed by Bullish DeFi Cycle (which is able to carry BTC to $100,000)
The primary launch of the Marnotaur NFT assortment comprises 2,775 uniquely designed creatures – Marnotaurs. The gathering is issued in squadrons of 555 NFTs. Each NFT is designed and created by members of the famend inventive group – NFT256. This group unites proficient individuals from all around the world, artists who’re concerned with trendy expertise however are nonetheless in love with artwork. NFT256 artists collaborate with one of the best crypto initiatives, making unique NFT artwork out there to tens of millions of individuals.
The collective created hundreds of particular person NFTs for the Marnotaur mission and the staff endowed them with quite a lot of traits and options, diversifying the rarity of every single NFT. If you purchase this NFT, you might be really shopping for an embryo. A short while after, a Marnotaur is born from the embryo and till that second, the rarity, look and traits of every Marnotaur stays a thriller, not possible to foretell. The distribution of tokens is made solely on a random foundation and the staff is contemplating utilizing the Chainlink randomizer for this function sooner or later. As a VIP choice, the Marnotaur staff will supply customers the possibility to customise their NFT with their very own facial and physique options. These upgrades will enhance the Marnotaur’s rarity, pumping up its value.
Contained in the Marnotaur NFT Assortment
Monetary advantages for Marnotaur NFT house owners
- Royalties from secondary market gross sales
To take part on this revenue sharing marketing campaign, customers want to carry a Marnotaur NFT and a few $TAUR tokens (a minimal equal of $500). If you happen to adjust to these circumstances, you might be eligible for the distribution of royalties, which is 50% of all of the collected royalties from secondary market gross sales on OpenSea.
- Value enhance with each new emission
The emission of NFTs belonging to the Marnotaur assortment is split into 18 squadrons. Every squadron has its personal flooring value. NFTs from squadrons #1-5 begin buying and selling from 0.05 ETH, whereas the worth of the NFTs from every subsequent squadron MUST be priced no less than 50% greater than the previous squadron’s sale value. Because of this these holding NFTs from any of the primary 5 squadrons will get the juiciest rewards – an opportunity to obtain as much as 1,300% payback on their preliminary funding. The ultimate value will probably be determined by the group by way of the DAO voting course of, which is accessible to all Marnotaur NFT token holders.
The group may take into account implementing a Bonding Curve mechanism.
Apart from the plain revenue potential of promoting your first-gen Marnotaur on the secondary market, there’s a revenue sharing program for token holders. It distributes 30% of the proceeds from the sale of NFTs originating from squadron #6-18 to holders of Marnotaur NFTs.
Marnotaur NFTs can be utilized for staking and incomes rewards in Marnotaur’s native utility token ($TAUR), which will probably be used for a number of functions throughout the mission ecosystem. There’s additionally a purchase & burn program to take stress off the token value.
Marnotaur DeFi-leverage platform advantages for merchants, liquidity suppliers and keepers
The Marnotaur platform has three forms of customers: liquidity suppliers, margin merchants and keepers. The platform contains a primary leverage of 5x, although there will probably be choices to realize entry to greater leverage for some classes of customers. Marnotaur NFT holders will even have the ability to get pleasure from a better leverage ratio. The precise multiplier will probably be introduced later and will probably be topic to alter, primarily based on the choice of the DAO.
Liquidity suppliers will not be overlooked by any means. For holding a Marnotaur NFT, they are going to be granted a yield farming reward-booster. This candy bonus is meant to draw new LPs within the early levels of the mission and pamper early suppliers who display their belief within the idea and the staff.
However most curiously, Marnotaur NFT holders are in a position to take up the position of a liquidity keeper for the platform. Those that do, will obtain rewards for liquidating positions that hit the agreed value level.
And another good bonus for house owners of those NFTs is unique entry to a personal Discord server the place they’ll chat with staff members, get information, learn reviews and achieve insights in regards to the mission at lightning pace.
Marnotaur invests in strengthening the DeFi group
The Marnotaur NFT can also be a part of the rising DAO and gives numerous advantages to token holders. These embrace: studying alternatives from the staff and entry to information primarily based on merchants’ efficiency and habits. The information collected will even kind the premise of analytical reviews for holders as properly. This info empowers anybody who’s aware of it to construct a buying and selling technique and keep away from the errors of their friends.
As talked about above, the DAO has the casting vote in terms of setting the worth of NFTs from squadrons #6-18 (in addition to the facility to completely stall new emissions). Members additionally get to vote on the platform’s improvement basically, figuring out the path of the enterprise and its future.
The Marnotaur NFT is part of the quickly rising gameFi ecosystem and is supposed for use in cross-platform video games and initiatives, pumping the worth of the token and offering further income for holders. Apart from all that after all is the enjoyable you get from any good recreation.
Summing up Marnotaur NFT
Wanting on the Marnotaur web site https://nft.marnotaur.com/ it’s appears to be like apparent – the staff has thought of all angles and lined all of the components that make a “good” NFT. There’s excessive potential on this asset and customers can admire the meticulous designs that spotlight the immense effort made by the artists who participated within the creation of the gathering.
It is a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or providers. Bitcoin.com is just not accountable, straight or not directly, for any injury or loss brought about or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or providers talked about within the press launch.
Picture Credit: Shutterstock, Pixabay, Wiki Commons