LAND Upgrade
Last updated
Last updated
The token mining capacity of LAND NFT 2.0 is approximately 4 times that of LAND NFT 1.0 Normal Tier.
Starting from the moment of the initial upgrade, the LCG generated per block accumulates in LAND NFT 2.0, and holders can immediately claim and trade the accumulated LCG in their upgraded NFTs.
When upgrading to LAND NFT 2.0, the LAND NFT 1.0 used for the upgrade is locked up to the foundation.
As the circulating supply of LAND NFT 1.0 decreases, the value of LAND NFT 1.0 increases.
Locked LAND NFT 1.0 can be used to adjust the liquidity of LCG.
Locked LAND NFT 1.0 is used as a resource necessary for ecosystem expansion.
90% of the cost used for the upgrade is used to supply liquidity for LCG.
Dimension Island has started to exert a significant influence on the world, and the distortion of dimensions has led to the emergence of Rainbow Stones, which can supply even more powerful energy. There are only 4,000 Rainbow Stones in existence, and they will bring about more powerful transformations in the Land Chronicle.
Rainbow Stones are essential items required to upgrade from LAND NFT 1.0 to LAND NFT 2.0, with a total quantity of 4,000.
Rainbow Stones were airdropped primarily to LAND NFT 1.0 holders.
Out of the remaining 1,000 Rainbow Stones after the LAND upgrade, they can be utilized for additional ecosystem rewards.
There will be no additional issuance beyond the total quantity of 4,000.
๐ is also a LAND NFT 1.0, which means it can be upgraded to LAND NFT 2.0. However, when upgraded, Chapter 2 NFTs are also locked up to the foundation, and system trading profits belong to the foundation as well. Therefore, upgrading Chapter 2 NFTs is not recommended.
Upgrading LAND NFT requires LAND NFT 1.0, KLAY, and Rainbow Stones. The amount of KLAY needed for each upgrade increases gradually every 500 upgrades.
