"...the Otters decided they should be paid every 14 days. Who was I to disagree? After all, we were asking the impossible of them. Launching into the great unknown of the cosmos and exploring with no clear end point. I was not even sure how many of us would make it to our final destination, or where our final destination was. Ultimately, it became clear to me those who volunteered for the voyage should be rewarded handsomely..."
Our staking system will be fully customized and offer unique capabilities compared to the majority seen in the CNFT space. Initially it will appear somewhat similar to a traditional staking system and in the future it will be developed so it can be incorporated into our missions among other use-cases within our ecosystem.
Every Space Otter Society NFT can be staked to earn our token, $SHELLS, at a fixed rate every epoch depending on profession and rarity.
$SHELLS can be earned by every NFT held in your wallet for the entire duration of the epoch. You will be able to check on our website how many $SHELLS each NFT in the collection earns per epoch, including your own. You will also be able to check how many $SHELLS each NFT in the collection currently has bound to it that are still unclaimed, see claims below!
$SHELLS will still be earned if the NFT is listed on a secondary marketplace at a minimum of 70 ADA. This means if you list your NFT below 70 ADA during the epoch even a single time, you will not earn $SHELLS.
Why $SHELLS? Otters have been known to crack open shells on their chests using rocks as they float on their backs!
"...they would line up, one by one, awaiting their payment. For the daring missions we asked of them, we wanted to make sure they received what they deserved as seamlessly as possible..."
Claiming $SHELLS will occur through a portal on our website. You may claim after every epoch if you wish, or you may wait several epochs before claiming. The expiration on claiming earned $SHELLS will be 3 months, after that they will not be retrievable.
Earned $SHELLS are bound to the NFT until claimed. Once you claim them they will go to your wallet. If unclaimed, you are able to list your NFT on a secondary market place such as jpg.store and the next purchaser of that NFT can then claim the $SHELLS.
Similarly, you could claim the $SHELLS just before listing.
We believe this will create some fun, exciting, and unique opportunities for both buyers and sellers on secondary markets.
Do not forget, you will be able to check how many $SHELLS are currently bound to each NFT in the collection on our website prior to making any purchases! Happy sniping!
"...we had to create something to spend their hard-earned income on. Not just to give them something material, but to give them a sense of normalcy. This voyage so far had been anything but normal..."
You will be able to redeem prizes for $SHELLS through a store-front on our website and through our discord ticket system. $SHELLS can be redeemed for the following, based on supply and certain limitations: