TOTHEMOON distributes NFTs for resource token after 30 days of staking of resource tokens
TOTHEMOON Resource Token holders can start staking tokens and earning Resource Deed NFTs around October 1st. Resource Deed NFTs will allow users to randomly mint resource NFTs, and will be distributed to users who stake tokens for at least 30 consecutive days. In the coming weeks, TTM will announce a concrete date for the launch of Resource Token staking.
Within the TOTHEMOON metaverse, resource tokens are required to build lunar infrastructure and will also be tied to specific resource NFTs for additional benefits. Five types of NEP-17 resource tokens and associated resource NFTs can increase the effort rewards and reduce the effort requirements to build corresponding lunar infrastructure. In the image below, the token symbols in the top row are resource symbols (from left to right: TGAS, WATT, LITH, HIST, and MAG), and the associated resource NFT symbols are listed below each.
The table below shows the total offer and benefits each resource NFT offers:
Resource | Stake increase/decrease | Total NFT Supply |
GAS | TGAS 10% | 1000 |
Right mushroom | WATTS 5% | 750 |
Curved mushroom | WATTS 10% | 250 |
Lithium Moon Rock | LITH 10% | 1000 |
Lunar fossil 1 | HIST 5% | 150 |
Moon Fossil 2 | HIST 10% | 100 |
Raw moonstone | MAG 5% | 200 |
Moonstone | MAG 10% | 50 |
At press time, the only way to collect Resource Tokens is through TTM Battle Arenas, where Fused Cryptonaut NFTs can participate in player-versus-player competitions.
Resource Deed NFT levels
To earn a Resource Deed NFT, users must stake a certain amount of Resource Tokens, placing them in a level for a minimum of 30 days. The more MAG, HIST, LITH, WATT and TGAS the user bets, the higher the level.
Higher levels reward actors with Resource Deed NFTs with higher “Mint Chance” attributes, which provide a higher chance of redeeming a Resource Deed NFT for a Resource NFT. Entry requirements can be found below:
Staking Tier | Token requirements | Mint Chance attribute |
7 | 200 MAG 400 HIST 600 LITH 800 WATTS 1000 TGAS |
0.35% |
6 | 1000 MAG 2000 HIST 3000 LITH 4000 WATTS 5000 TGAS |
1.75% |
5 | 2000 MAG 4000 HIST 6000 LITH 8000 WATTS 10,000 TGAS |
4.25% |
4 | 5000 MAG 10,000 HIST 15,000 LITH 20,000 WATTS 25,000 TGAS |
10% |
3 | 10,000 MAG 20,000 HIST 30,000 LITH 40,000 WATTS 50,000 TGAS |
25% |
2 | 15,000 MAG 30,000 HIST 45,000 LITH 60,000 WATTS 75,000 TGAS |
40% |
1 | 20,000 MAG 40,000 HIST 60,000 LITH 80,000 WATTS 100,000 TGAS |
65% |
The 30-day countdown begins when the correct amount of resource tokens have been deposited into the stake level pool. Resource tokens can be removed from stake level pools at any time, but any time incurred against a resource token NFT will be deleted.
Once a resource token NFT is minted, it can be traded or sold on the official TTM Marketplace or on GhostMarket. Minting of resource NFT is scheduled to begin at the end of Q4 2022.
The full announcement can be found at the link below: