🪙Staking | $SHELLS
Last updated
Last updated
"...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 is fully customized and offers 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.
The value of $SHELLS will be determined by the Otter Team and is subject to change if necessary for the health, sustainment, and future viability of the project. These decisions will always be transparent and will be made with the highest level of scrutiny and will not occur frequently, if at all. Factors such as but not limited to external markets, the value of ADA, and increasing costs of future development may play a role in this decision in the future.
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 occurs through a portal on our website. You must claim your current stake to start a new stake. In the future, you will be able to claim any time you wish.
"...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 are able to redeem NFTs for $SHELLS through our marketplace. $SHELLS also have other use-cases within the project such as entry into raffles, auctions, mint discounts, and more!
Total supply will be 3,000,000 $SHELLS.
We do not plan to list $SHELLS on a DEX and/or provide liquidity for this purpose.
| NFT Type | Staking Reward Per Epoch |
|---|---|
1/1 Otter
25 $SHELLS
Spaceship
20 $SHELLS
Otternaut Profession NFT
18 $SHELLS
Top 300 Ranked Space Otter
15 $SHELLS
ProfessOtter, TechnOtter, ExplOtter, Otterzen Profession NFTs
10 $SHELLS
Collaborative trait (Yummi, Jellycubes, Wenmint/ThoseAMAs, Seal Society, Happy Hoppers, Cheeky Unts, Proxies)
+5 $SHELLS added to base above!
Pups
3 $SHELLS
