AAG NFT Capital Boosts
AAG will be releasing several additions of NFTs to support our core project purposes. At the moment, we have two collections in our immediate timeline: Genesis NFTs and Proof of Participation NFTs.
AAG NFTs will have direct benefits in line with our Staking Program – this is to incentivize the usage, as well as create a healthy market for our NFTs. The best example is our NFT Stacking Rewards function, which will boost your base capital staked by a certain percentage based on the NFT and the amount of NFTs you hold.
For example, if you are staking $1000 worth of $1AAG or LP Tokens and own an NFT that provides a 13% boost, your staked capital will be worth $1130 even though you have only deposited $1000, amplifying the rewards earned.
Furthermore, these NFTs can be stacked to further boost your base capital (with a maximum stack of 5 NFTs). For example, if you own two NFTs, where one has a 21% boost and the other 13%, the effective value of your staked capital will become 134% (or $1340 in the example above.)
The 5 tiers of our Genesis NFT Set: Common, Uncommom, Rare, Epic, and Legendary
Genesis NFTs were created to reward IDO participants for their investment and support of AAG. A total of 964 NFTs were created on the Harmony Network in different tiers with the following split:
- Legendary (+21% Boost): 19
- Epic (+13% Boost): 69
- Rare (+8% Boost): 183
- Uncommon (+5% Boost): 316
- Common (+3% Boost): 377
These NFTs were airdropped to our IDO participants’ wallets based on the following factors:
- 1.One NFT per wallet, regardless of the number of transactions in our IDO
- 2.IDO Purchase Price
- 3.IDO Time of Purchase
- 4.Amount in USDC across all transactions (i.e. bought minus sold)
- 5.Number of $AAG tokens purchased (i.e. bought minus sold)
Based on these five factors, we came up with a point system. As for criteria number five, if you sold everything back to the auction, you will still receive an NFT — but it will be a Common NFT only regardless of the points.