Kabana Club enters final phase of NFT Minting, 400 WL slots left for game token
Tartu, Estonia, March 16, 2023 (GLOBE NEWSWIRE) — Kabana Club believes that a paradigm shift is taking place in NFT, similar to the theoretical shift proposed by Terrence McKenna’s Stoned Ape hypothesis. According to this hypothesis, psychedelic mushrooms played a crucial role in early human consciousness, development and culture. McKenna even suggests that language can be traced back to fungi. Kabana Club sees its NFT as representative of this transformation, offering a new world where NFT is commonplace and recognizes the value of cryptocurrencies and digital assets today.
Kabana Club is in the final phase of minting NFTs, with only 400 whitelist slots remaining for the gaming token. So far, Kabana Club has already successfully sold most of its NFTs, and the final minting phase will be a huge success, thanks to the Kabana community and developers.
Check out Kabana Club’s OpenSea NFT collection at .
As the minting is ongoing, Kabana Club also offers a competition to the minters where they were rewarded in Matic. Details of the competition are as follows:
70 winners have already been awarded and the fourth competition is currently underway.
An overview of the Kabana ecosystem
Mining and Staking LP
Kabana Club NFTs tend to stand out. This uniqueness comes from the fact that the NFTs have great monetary value as well as utility. Kabana Club NFTs give users a chance to mine tokens by staking their NFT coins.
Staking just 1 of these NFTs yields 444 LP tokens in one day. There is no limit to the number of NFTs that can be wagered and the earned amount can be transferred to the user’s wallet at any time.
Under the stake contract, minted LP tokens can be staked for additional rewards. Users can combine both mining and stake contracts to get the most out of their investments.
Decision Game and Token Contract
Kabana Club offers a betting game to its users. Individuals can compete with other users by staking the same number of tokens on the Blockchain. LP tokens are used for the bets and MATIC tokens are used to pay the gas tax. The game token is created using a simple ERC20 smart contract.
Where does the money come from?
The game token has a limited supply with most of the tokens being locked in a mine. A limited supply simply means that no new tokens can be minted and released.
A controlled and limited supply of tokens together with a high demand for the game token helps to create an increase in the price.
Deflation
The project has a distinctive deflation mechanism. It imposes a 10% tax on each completed bet. 6% of the total tax is used for burning, 3% for staking and 1% for development.
Closed club for crypto enthusiasts
There is a cap on the number of people who can join this exclusive club, and each member is represented by a different NFT mushroom. Although it may seem impossible, the creators of the Kabana Club ecosystem believe in bringing together intelligent, creative people who are willing to push boundaries and consider new development strategies. The club’s main goal is to establish a solid base of intelligent, ideological supporters of decentralization. The Kabana Club project incubator’s NFT mushroom acts as an automatic whitelist for all project pre-sales in this fully decentralized environment. Once the required KYC procedures are followed, Kabana Club members can incubate projects.
Incubation and incubator
Kabana Club Incubator provides a platform for startups to grow and succeed. By joining clubs and incubators, members gain access to free or low-cost workplaces, guidance, expertise and potentially access to investors and working capital in the form of loans. The incubator is a partnership sponsored by the founders of the Kabana Club ecosystem, which supports the idea of decentralization. Each member has the ability to incubate projects with proper KYC, so all projects incubated in the Kabana Club incubator are automatically whitelisted.
The incubation process consists of four stages: preparation, illumination, incubation and verification. During preparation, the entrepreneur defines the problem and consciously tries to solve it. Illumination involves moments of insight when a solution is discovered. If a solution is not found, the entrepreneur goes into incubation, where the conscious work stops, but the unconscious work continues. Finally, verification is performed to improve and confirm the solution. By joining the Kabana Club Incubator, startups can use these four steps and have a better chance of succeeding in the real crypto world.
Tokenomics
Kabana Club offers more than just a trendy collector’s NFT. Each NFT symbolizes a Kabana Club membership and provides exclusive access to events, control over project direction and early exposure to new initiatives in the Club’s ecosystem. Kabana Club NFTs also provide stake incentives for long-term holders and active community members.
The Kabana Clubs Game token is a crucial element of the ecosystem, with a total supply of 1 billion tokens distributed among various groups. To encourage participation and contribution, 500 million tokens will be available in a public presale, and the remaining 500 million tokens will be added to the initial DEX liquidity. The limited supply and long mining period of the 4,444 NFTs add value to them, and the proceeds from the sale go to support the Kabana Club incubator. Kabana Club tokenomics creates value for all stakeholders and stimulates community participation.
Contract the ecosystem of Kabana Club
A total of 7 contracts work together to support the Kabana Club Ecosystem.
1. Mushroom contract (ERC-721)
This contract contains a number of use cases, mainly by providing early access to game tests and ecosystem tests, mining game token, community airdrop, entry into the closed crypto club and more
2. Coin contract (ERC-1155)
Some of the use cases for this contract are access to original information source, beta tester pass, in-game avatar, rewards for test participation and more
3. Mining contract
This is explained in the sections above
4. Release contract
Also explained above
5. Battle contract
The primary use of this contract is to bring your match to the blockchain. All features related to the game such as making bets, game statistics and awarding rewards on winnings and deducting a 10% fee on each win which further contributes to stakes and burn as well
6. Game Token Contract
This is the main contract for DECISION Game. No one has ownership rights to the contract, not even the creator is thereby protected against changes.
7. Team Vault Contract
This contract is necessary to financially support the Kabana Club Ecosystem over its lifetime and keep it sustainable. Only 1% of the token stream from the Battle Contract will be sent here which will support servers, staff expenses, marketing, bandwidth and any expenses needed to support the ecosystem.
Conclusion
Kabana Club offers a new world where NFTs are common, recognizing the value of cryptocurrency and digital assets in modern society. The club is limited to 4,444 members, and each member can mint multiple mushrooms, offering a unique chance to be part of an exclusive club of crypto enthusiasts. Access to the club is limited and individuals must pass through a filter to finally decide whether they need it or not. Kabana Club invites people to be a part of its universe, where it works to create a new world where anyone can own NFT property.
Furthermore, potential investors and cryptocurrency enthusiasts interested in Kabana Club can visit the project’s official website or check out their social platforms for more details.
For those interested in the DECISION game of Kabana Club, there is a WL competition going on and you can compete in it by clicking on the following link
Website | Twitter | Telegram | Discord | GitHub
Disclaimer:
The information in this publication is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading in securities and cryptocurrencies.
Jekaterina Maier Kabana Club team(at)kabana.club
