Since the official launch of the Chinese Opera Mask Plus NFT (COM for short, or Facebook NFT) supported and issued by NFTMart on July 28, it has been warmly welcomed by the majority of Chinese traditional culture lovers. As of the current time, 876 people have received 2,216 NFTs. Holders of the current 10 ERC20 tokens and 4 NFT tokens can receive them for free. At the same time, we have also cooperated with 8 blockchain communities through the whitelist. Through close cooperation with the community, we have created our own decentralized organization (DAO), and there are currently 25 DAO members. In the future, the development of COMP will adopt the DAO model to attract more NFT investors and collectors who are interested in traditional Chinese culture.
According to the first meeting plan organized by the DAO, we will launch the COMP NFT Staking plan in the near future. The relevant matters are now announced as follows:
[Staking bonus pool]
1.Staking’s total prize pool is 200,000 NMT, sponsored by NFTMart;
2. The first phase of 100,000 NMT will be gradually released into the bonus pool according to the claims of COMP NFT, and 10 NMT will be released into the bonus pool for each claim of COMP NFT;
3. The first release will be triggered when the 2888th COMP NFT is successfully received, and 28880 NMT will be released into the bonus pool at one time;
4. The remaining 100,000 NMT will be directly released into the bonus pool at an appropriate time according to the resolution of COMP NFT DAO;
5. When the first batch of free collection activities ends, all 200,000 NMT will eventually be released into the bonus pool;
[Participate in Staking]
1.To participate in staking, you must hold COMP NFT and transfer to NMT to enable staking. When staking, the corresponding NFT is not frozen or transferred;
2.Staking takes COMP NFT as the main part, and the privilege of staking will be bound to the corresponding COMP NFT (that is: if the COMP NFT participating in staking is transferred, the corresponding staking privilege will also be transferred);
3.The number of NMTs that each NFT participates in staking is related to the current NFT’s computing power (calculation formula see below), the current number of NMTs that have been released, the NMT that has participated in staking, and the total computing power that has currently participated in staking.
When no one participates in the initial stage of staking, the calculation formula is as follows:
the amount of NMT required for NFT staking = current NFT computing power × 20;
When someone has already participated in staking, the calculation formula is as follows:
NFT Staking requires NMT amount = current NFT computing power × all NMT in the bonus pool ÷ total computing power that has participated in staking NFT
4.Holding COMP NFT can participate in staking at any time, and you can select multiple NFTs to start staking at one time.
[Stop Staking]
1.Holders of COMP NFT who have already participated in staking can choose to stop at any time and redeem the Staking NMT and rewards at one time;
2.When stopping, only one COMP NFT can be stopped at a time;
3.If it is not the last stopped COMP NFT, a 1% handling fee will be charged when it is stopped, and the handling fee will be deposited into the Staking bonus pool. The formula is as follows;
the amount of NMT obtained by the stop = current NFT computing power × All NMT in the bonus pool ÷ total computing power participating in Staking NFT × 99%;
4.If it is the last stopped COMP NFT, all NMT in the prize pool will be won.
[Calculation method of computing power]
1.Through the gene matching of the COMP NFT fund and the corresponding standard fund, the computing power is:
a. If the match is inconsistent, +10 computing power
b. If the match is consistent, no computing power will be added
2.According to the gender of COMP NFT, the computing power is:
a. Asexual: +50 computing power;
b. Male: +30 computing power;
c. Female: +30 computing power;
d. Bisexual: +10 computing power.
Learn more about staking：https://t.me/COMPOfficial
About COMP NFT
COMP, short for Chinese Opera Mask Plus, is an NFT project derived from traditional Chinese opera facial makeup supported by the NFTMart team. It is also called COMP NFT.
The entire COMP NFT has no reservations, no pre-mining, and no pre-sales. All of them use a pure blockchain method and are minted by random numbers on the chain. Each COMP NFT has a unique gene and shape.
In the future, COMP NFT will also open staking, breeding, synthesis, repurchase and other gameplay, through a completely open way to let everyone appreciate the charm of the combination of traditional Chinese culture and blockchain.
About NFTMart
NFTMart is a marketplace for NFTs based on the Substrate Framework.
It’s a fractional trading NFTs marketplace in the Polkadot ecosystem, with our own public chain. and we commit to being the most professional NFT marketplace in the world.
NFTMart is committed to being a low-cost-to-participate NFT marketplace, which provides users with NFT issuance and transaction services.
It is divided into two parts:
The first part nftmart.network is an open and decentralized NFT public chain, which delivers the issuance of NFTs and transaction data on the chain.
The second part is nftmart.io which we provide a fun, simple, accessible transaction experience for all. NFTMart is taking steps toward developing itself into a decentralized autonomous organization.
NFTMart will also establish an ecological fund to support third parties to expand NFTMart through interfaces, contracts, and other methods to achieve a more diversified NFT+ ecosystem.
Website : https://www.nftmart.io
Mart(Beta): https://beta.nftmart.io
Wechat： nftmartio
QQ-Group： 72296606
Twitter：https://twitter.com/NFTMartio
Medium: https://nftmart-io.medium.com/
Tele-Group: https://t.me/NFTMartOfficial
Tele-Channel: https://t.me/NFTMartChannel
Discord ：https://discord.gg/jNMeDvvvvR
