Eco system
Staking
1,250,000,000 $PEARL
$PEARL serves as the fuel of our gaming world. It's the currency that fuels various in-game transactions, purchases, and activities within our expansive ecosystem. But it's not just a means of trade. it's a key to a world of rewards and opportunities.
We've designed a straightforward staking system. Users can stake their NFTs to earn $PEARL, but the rarer the NFT, the more staking rewards. And what makes this even more exciting is the clan of the tridents.
Pearl Farming basics
Oysters are the keepers of $PEARL. The farming page will have a variety of oysters in different colors. These colors match the tridents needed to open them. For instance, a green oyster requires a green trident. The rarer the oyster, the rarer the trident it needs, and the more $PEARL you can harvest from it.
Each trident also belongs to a specific clan; when a trident from a specific clan opens an oyster, only that particular clan can farm $PEARL from it.
Unlocking $PEARL with Tridents
To open a pearl inside an oyster, you must have a matching colored trident. Once a trident opens an oyster, it stays linked to that specific oyster until the entire farm is empty.
The trident that opens the oyster gets a bonus of 2% from the total pool at the end of the farming period. Additionally, they automatically get staked to that pearl for farming because tridents have a farming boost over NFTs.
Crypto mining is like a digital treasure hunt, using special machines to mine crypto currency's. We're investing a big part of our funds into these miners. We are giving 75% of the total profits of these miners to our holders.
Here's how you can join and can earn it: You can 'lock' your OctoworldCNFT NFT's + $PEARL to these mining machines on a special page on our platform.
Each miner gives different rewards. The more NFT's + $PEARL you 'lock,' the more money you can earn from that specific miner.
But here's the trick: You need to leave your NFT's + $PEARL 'locked' for 4 weeks to claim your share of the money earned by that miner. Take them out too soon, and you lose half of what you could've earned. It's like planting seeds and waiting for them to grow into rewards. So, hang tight for those 4 weeks and enjoy your part of the mining rewards
NFT $PEARL farming
NFTs are crucial for pearl farming, and the farming pace depends on the number of NFTs staked to a specific oyster. The clan of your NFT dictates which oyster it can farm $PEARL from, as it must match the trident that opened the oyster. Each $PEARL pool has a maximum allocation for NFTs. Oysters with a higher number of NFTs attached to them will be farmed more efficiently than those with fewer NFTs.
Incentive Mechanisms
We're all about rewarding participation and engagement. Expect exclusive rewards, bonuses, or privileges tied to your staking and farming activities. We'll also host exciting events and challenges to keep things thrilling and encourage involvement within the ecosystem.
Ecosystem Growth
To ensure the sustainable development of our ecosystem, we'll allocate a percentage of staking fees and trident staking fees to a community fund. This fund will support the ongoing growth and expansion of our gaming universe.
Periodically, we'll implement a token burn strategy. By removing a portion of $PEARL tokens from circulation, we aim to reduce supply, potentially increasing the value of the remaining tokens.