The History of DeFi Revised: Marnotaur NFT Collection Public Launch Date Set for October 4th
PRESS RELEASE. Right after the Marnotaur DeFi leverage platform announced the extremely quickly completed of its Marnotaur NFT collection presale, the team announced that the collection would go public. The date for the sale has been set for October 4th on the official website https://nft.marnotaur.com/ and there are expectations in the community that it will not last long. In this article, you get a look at the design, utility and sustainability of the collection’s tokenomics model.
Created by NFT256, inspired by Bullish DeFi Cycle (which will bring BTC to $100,000)
The first release of the Marnotaur NFT collection contains 2,775 uniquely designed creatures – Marnotaurs. The collection is issued in squadrons of 555 NFTs. Every NFT is designed and created by members of the renowned artistic community – NFT256. This group unites talented people from all over the world, artists who are interested in modern technology but are still in love with art. NFT256 artists collaborate with the best crypto projects, making exclusive NFT art available to millions of people.
The collective created thousands of individual NFTs for the Marnotaur project and the team endowed them with a variety of traits and features, diversifying the rarity of each single NFT. When you buy this NFT, you are actually buying an embryo. A short time after, a Marnotaur is born from the embryo and until that moment, the rarity, appearance and traits of each Marnotaur remains a mystery, impossible to predict. The distribution of tokens is made entirely on a random basis and the team is considering using the Chainlink randomizer for this purpose in the future. As a VIP option, the Marnotaur team will offer users the chance to customize their NFT with their own facial and body features. These upgrades will increase the Marnotaur’s rarity, pumping up its price.
Inside the Marnotaur NFT Collection
Financial benefits for Marnotaur NFT owners
- Royalties from secondary market sales
To participate in this profit sharing campaign, users need to hold a Marnotaur NFT and some $TAUR tokens (a minimum equivalent of $500). If you comply with these conditions, you are eligible for the distribution of royalties, which is 50% of all the collected royalties from secondary market sales on OpenSea.
- Price increase with every new emission
The emission of NFTs belonging to the Marnotaur collection is divided into 18 squadrons. Each squadron has its own floor price. NFTs from squadrons #1-5 start trading from 0.05 ETH, while the price of the NFTs from each subsequent squadron MUST be priced at least 50% higher than the preceding squadron’s sale price. This means that those holding NFTs from any of the first 5 squadrons will get the juiciest rewards – a chance to receive up to 1,300% payback on their initial investment. The final price will be decided by the community via the DAO voting process, which is available to all Marnotaur NFT token holders.
The community might consider implementing a Bonding Curve mechanism.
Besides the obvious profit potential of selling your first-gen Marnotaur on the secondary market, there is a profit sharing program for token holders. It distributes 30% of the proceeds from the sale of NFTs originating from squadron #6-18 to holders of Marnotaur NFTs.
- Staking & Farming
Marnotaur NFTs can be used for staking and earning rewards in Marnotaur’s native utility token ($TAUR), which will be used for multiple purposes within the project ecosystem. There is also a buy & burn program to take pressure off the token price.
Marnotaur DeFi-leverage platform benefits for traders, liquidity providers and keepers
The Marnotaur platform has three types of users: liquidity providers, margin traders and keepers. The platform features a basic leverage of 5x, though there will be options to gain access to higher leverage for some categories of users. Marnotaur NFT holders will also be able to enjoy a higher leverage ratio. The exact multiplier will be announced later and will be subject to change, based on the decision of the DAO.
Liquidity providers are not left out by any means. For holding a Marnotaur NFT, they will be granted a yield farming reward-booster. This sweet bonus is intended to attract new LPs in the early stages of the project and pamper early providers who demonstrate their trust in the concept and the team.
But most interestingly, Marnotaur NFT holders are able to take up the role of a liquidity keeper for the platform. Those who do, will receive rewards for liquidating positions that hit the agreed price point.
And one more nice bonus for owners of these NFTs is exclusive access to a private Discord server where they can chat with team members, get news, read reports and gain insights about the project at lightning speed.
Developing DAO
Marnotaur invests in strengthening the DeFi community
The Marnotaur NFT is also part of the growing DAO and provides various benefits to token holders. These include: learning opportunities from the team and access to data based on traders’ performance and behavior. The data collected will also form the basis of analytical reports for holders as well. This information empowers anyone who’s privy to it to build a trading strategy and avoid the mistakes of their peers.
As mentioned above, the DAO has the casting vote when it comes to setting the price of NFTs from squadrons #6-18 (as well as the power to totally stall new emissions). Members also get to vote on the platform’s development in general, determining the direction of the venture and its future.
The Marnotaur NFT is a part of the rapidly growing gameFi ecosystem and is meant to be used in cross-platform games and projects, pumping the price of the token and providing extra profits for holders. Besides all that of course is the fun you get from any good game.
Summing up Marnotaur NFT
Looking at the Marnotaur website https://nft.marnotaur.com/ it is looks obvious – the team has considered all angles and covered all the factors that make a “good” NFT. There is high potential in this asset and users can appreciate the meticulous designs that highlight the immense effort made by the artists who participated in the creation of the collection.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image Credits: Shutterstock, Pixabay, Wiki Commons
