🔨NFT Staking
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The platform will be customized so the users can mint the single edition NFTs with locked BEP20 tokens. When minting new NFTs(721) the users can lock BEP20 tokens where they can include X units of and BDDK to be locked on the smart contract. We're exploring a new compliance code NFT as a new solution.
The or BDDK that have been pledged to the NFT will be locked forever on the artwork until it creates a BURN transaction. If the NFT is sold/transferred to another user, then the pledged tokens will be locked in the NFT and when the NFT is staked by the buyer who has the current owner of the NFT will get the staking rewards(LUK tokens). If the new user who has ownership of the NFT burns the NFT, they will receive the pledged tokens of that specific NFT.
All the Single edition BSC-NFTs (721) created on the NFT platform can be staked at the launchpad and receive a new BEP20 (LUK tokens) as rewards.
The staking reward is based on the floor price of the pledged CBFi tokens against the staked NFTs. The users can only stake single edition BSC-NFTs(721). The LUK tokens that are worth the equivalent price of the CBFi tokens will be given as rewards for the staked NFTs.
The platform will have a 2-level on-chain referral program based on the selling of the NFTs. Every user/wallet address in the platform will be associated with a unique Referral ID. The new users can add this referral ID to their account and perform transactions(Selling NFTs). The NFTs that are sold by the referee, the 2-level referrers will receive the commission. The commission that comes from the Royalty or when selling an NFT. This is a 1-time referral income on every NFT being sold by the referee).