Wed Jan 05, 2022 2:11 am
What are the functions of NFT?
Gain from participating in mining
Staking NFT can participate in mining, according to the NFT hashrate to obtain the corresponding SM token revenue share.
How to stake NFT?
Select "NFT/Mining"-"Wallet"-"Approve NFT"-"Stake" (authorization is required for the first stake)
What is NFT hashrate?
NFT hashrate = (original hashrate + SM stake total quantity) *(100% + hashrate lucky rate).
Each NFT will bring its own original hashrate and hashrate lucky rate when activated. After NFT participates in mining, users can also atake SM tokens to the NFT to add additional hashrate to the NFT to obtain higher mining revenue.
The rate of original hashrate to activation fee to creative size is 1:1:1. When activating/purchasing a creative, the user will be required to destroy a certain amount of SM tokens as an activation fee, which is related to the size of the creative. For example, the creative size of NFT is 9 x9, the activation fee is 81 SM, and the original hashrate is 81.
Hashrate Lucky rate: NFT creativity will randomly assign additional bonus rate from 0%, 1%, 2%, 3%, 4% and 5% when activated as an NFT.
To sum up, if a 9x9 NFT creative is activated and the NFT randomly obtains a 5% lucky rate, 1000 SM tokens are stake to NFT after participating in mining. Then the NFT's current hashrate =(81+1000)*(100%+5%)= 1135.05.
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