DROGON Growing Hybrid NFT's
This explains the mechanics of the DROGON Multi-Collateral Growing Hybrid NFT's.
What are Multi-Collateral Growing Hybrids?
These NFT's are an innovation on current technology.
Collateralized with $DROGON
8 day payout cycles for $AWX + $DRACO Rewards
No penalties on claiming rewards - they accumulate if not claimed
Burnable after 28 day cooling off period after minting - this will burn the NFT and release the collateralized DROGON into user wallet.
Rewards are calculated as a share percentage of the entire payout pool. Tier 2 receives a 2.8% multiplier bonus, Tier 3 receives a 5.6% multiplier bonus.
*They can be minted for 125 days and then the NFT supply is capped forever.
This allows users who participated in max miners on days 1-28, 8-days after claim to participate in minting the Multi-Collateral Growing Hybrid NFT's before they are capped forever.
After 125 days, the NFT supply is capped. At that time, NFT's can only be burned or listed on OTC platforms and will only be available by purchasing OTC.
If listed and sold OTC, the rewards move with the NFT to the new holder who has the opportunity now to burn the NFT and claim all the tokens within.
When an NFT is burned, this creates a deflationary NFT collection that generates larger shares of the rewards pool for each holder every time another user burns their nft and claims their tokens
These collateralized NFT's are purchased with DROGON. There are 4 tiers of NFT:
Tier 1: Cost, 28,888 DROGON
Tier 2: Cost, 288,888 DROGON - 2.8% Reward Multiplier Bonus
Tier 3: Cost, 2,888,888 DROGON - 5.6% Reward Multiplier Bonus
There is a 1.8% mint fee added to the transaction when minting the DROGON hybrids. This mint fee goes to the AWX Treasury to further build out the AWX Universe.
When you use your DROGON to mint a growing hybrid, You now have a rewards based system that allows your NFT to literally 'grow' in value over time with additional currency's above what was originally collateralized.
DROGON Growing Hybrids are collateralized by $DROGON and earn added rewards of DRACO + AWX over time as the DROGON protocol does its job. All you have to do is hold at least one NFT. The more you hold, the more you earn.
At any time 28 days after minting, you can burn your NFT and claim the DROGON tokens within. This will cease all future rewards.
There is a 1.8% Drogon burn fee (only in DROGON) when burning your NFT's. This burn fee goes to the AWX Treasury to further build out the AWX Universe.
When each user chooses to burn their NFT, this reduces the total supply ever to exist, which also increases the rewards that get sent to all the other NFTs.
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