TOTHEMOON has announced Resource Token staking will take effect on Friday, Dec. 30, which will yield Resource Deed NFTs. Resource Deed NFTs allow users to randomly mint Resource NFTs, and will be distributed to users that stake tokens for at least 30 consecutive days.
Within the TOTHEMOON metaverse, Resource Tokens are required for building Moon Infrastructure and will also be associated with specific Resource NFTs for additional benefits. Five types of NEP-17 resource tokens and their associated Resource NFTs can boost staking rewards and decrease the staking requirements for building corresponding Moon Infrastructure. In the image below, the token symbols in the top row are resource tokens (from left to right: TGAS, WATT, LITH, HIST, and MAG), and the associated Resource NFT symbols are shown under each.
The table below outlines the total supply and benefits each Resource NFT offers:
|Resource||Stake Boost/Decrease||Total NFT Supply|
|Straight Mushroom||WATT 5%||750|
|Curved Mushroom||WATT 10%||250|
|Lithium Moon Rock||LITH 10%||1,000|
|Moon Fossil 1||HIST 5%||150|
|Moon Fossil 2||HIST 10%||100|
|Raw Moon Stone||MAG 5%||200|
|Moon Stone||MAG 10%||50|
At the time of press, users can accumulate Resource Tokens through the TTM Battle Arenas, where Fused Cryptonaut NFTs can participate in player-versus-player competitions, or traded on Forthewin Network.
Resource Deed NFT Tiers
To earn a Resource Deed NFT, users must stake a certain amount of Resource Tokens, placing them into a tier for a minimum of 30 days. The more MAG, HIST, LITH, WATT, and TGAS the user stakes, the higher the tier.
Higher tiers reward stakers with Resource Deed NFTs with higher “Mint Chance” attributes, which offer a higher chance of redeeming a Resource Deed NFT for a Resource NFT. Staking requirements can be found below:
|Staking Tier||Token Requirements||Mint Chance Attribute|
The 30-day countdown begins once the appropriate amount of Resource Tokens has been staked into the Staking Tier Pool. Resource Tokens can be removed from Staking Tier Pools at any point, but any time accrued toward a Resource Deed NFT will be erased.
Once a Resource Deed NFT is minted, it can be traded or sold on the official TTM Marketplace or on GhostMarket.
The announcement can be found at the link below:
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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