๐บ๏ธLAND NFT 1.0
The first LAND NFT collection of Land Chronicle
LAND NFT 1.0
The first discovery spot in Dimension Island was six-dimensional empire that makes Land Chronicle changed with each story and energy resource.
Birth of Myth - Summoner's Empire
Melody of Magic - Magic Empire
Breath of Legend - Ancient Empire
Song of Sword - Force Empire
Echo of Soul - Necro Empire
Heart of Steel - Machinery Empire
ยท Tier
In LAND NFT 1.0, the first spot of discovery, there were 7 islands and six-dimensional stories, and on each island, the lands of Normal, Silver, and Gold tier could be found. There are 9,600 Normal tier, 380 Silver tier, and 20 Gold tier, 10,000 LAND NFT 1.0 in total.
ยท Feature
When Lander owns LAND NFT, the utility token LCG is automatically mined through the Yggdrasil system. You can mine additional LCG by staking, and share in ecosystem revenue. Furthermore, You can change your LAND image as you want it to be displayed on the world map.
The mining quantity of LCG allocated to LAND NFT 1.0 is 20% of the total supply and it depends on the tier of the NFT.
Normal(Tier 3),automatically mines 3.06 LCG per day.
Silver(Tier 2), automatically mines 12.26 LCG per day.
Gold(Tier 1), automatically mines 24.52 LCG per day.
Through LAND NFT Planting(Staking), up to 17,280 additional LCG can be mined per day, and the mined LCG are equally distributed according to the number of staked LAND NFT.
Changing Map Image
The location of the land is recognized on the virtual map according to the coordinates of the LAND NFT you have, and you can check your land in the world map by connecting the LAND NFT to the world map.
The Lander can change the image represented on the land free of charge (Gas fee separate). (โ ๏ธ world map image cannot be changed when planting NFT.)
ยท Pricing Strategy
Value Increase and Price Defense Strategy
What the NFT project team needs to do for holders is to prevent the decline in the floor price and increase the value of NFTs so that the price of NFT purchased by holders does not fall below a certain level. To realize this, LAND NFT 1.0 is upgraded, and 30% of the total amount of LAND NFT 1.0 is locked up, causing deflation on the liquidity of the NFT.
Buyback System
By utilizing the profits and secondary fees generated from Land Chronicle's various ecosystem services, we conduct continuous NFT buybacks in the market.
NFTs that belong to the foundation through buyback will be used as resources for ecosystem events. As the number of NFTs held by the foundation increases due to lockup and buyback, it will be possible to more smoothly control the liquidity of LCG. In addition, LCG generated during the period the foundation holds NFT will not circulate on the market and will be burned.
By implementing the above pricing strategy for LAND NFT 1.0, it boosts the value of NFT, a core resource of Land Chronicle, and induces deflation of utility tokens.
Last updated
