NFT staking website
Budget: $250 – $750 USD
At its core the project is minting in USDC and then people are rewarded Litecoin from a mining operation. They can redeem their rewards whenever but they can only do it once per NFT. As more people redeem their rewards the people who haven’t redeemed their rewards get a larger portion of the pool.
The Blockchain Network should be ETH but we want the lowest gas prices when people mint the NFT.
The rewards from mining that NFT holders can redeem will increase overtime.
They can redeem rewards anytime but the total they can redeem is basically increased everyday
82% of the reward we get from mining operation is divided by total NFTs that have not been redeemed and that’s the total that they can redeem. However, once they redeem they can no longer receive anymore rewards and the NFTs that have not been redeemed yet receive a larger portion of that 82%
The token would just be Litecoin.
They receive Litecoin instead of us creating a token correct
The mining operation is creating the token.
The Blockchain Network should be ETH but we want the lowest gas prices when people mint the NFT.
The rewards from mining that NFT holders can redeem will increase overtime.
They can redeem rewards anytime but the total they can redeem is basically increased everyday
82% of the reward we get from mining operation is divided by total NFTs that have not been redeemed and that’s the total that they can redeem. However, once they redeem they can no longer receive anymore rewards and the NFTs that have not been redeemed yet receive a larger portion of that 82%
The token would just be Litecoin.
They receive Litecoin instead of us creating a token correct
The mining operation is creating the token.
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