TOTHEMOON distributes NFTs for resource token after 30 days of staking of resource tokens

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.

Source: TOTHEMOON

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.

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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:

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