This article got a fresh new update just now. It contains valuable information about @madvapesnft especially for newbies. 15 mins of research or less that will probably save you a lot of time & questions!
#MVA $VET #Vechain#NFT
https://t.co/DDd1NbicpK
I want to thank everyone who has decided to trust in what we do and for being part of Power Up NFTs.
Power Up NFTs are one of a kind, and now I can expand more on this.
You can consider Power Up NFTs as Wrapped-B3TR because each NFT is 100% backed by the mint funds.
We received 833k VET from the minting event and swapped them for 134,328 B3TR.
*(Note: 134,328 BT3R is now worth 1,250,610.95 VET)
Based on this, each Power Up NFT is backed by 242 B3TR (= 134,328 B3TR / 555 NFTs).
Power Up NFT base value: 242 B3TR
This is the value that holders will receive in case anything bad happens.
Here comes the fun part: the floor price of these NFTs is no longer defined by holders' sentiment. Instead, the B3TR price determines the floor price.
If a member wants to sell a Power Up NFT, they must consider that this NFT already holds an attached value** (242 B3TR)**, and this value can only go up.
A better example:
Mint price: 1500 VET = 242 B3TR
Current price: 242 B3TR = 2403 VET
*Based on this, the floor price for Power Up NFTs should be 2403 VET.
That’s not all! I've implemented different ways to increase the base value:
- 10% royalties: Every time someone sells a Power Up NFT, the full royalty amount goes into the pool, increasing the base value of the NFTs.
The higher the floor price, the higher the royalty revenue, without any speculation.
- 100% of Phoenix collection royalties go to the pool.
>
-Compounded rewards from voting.
The value of each NFT can now be calculated based on the total amount of B3TR in the pool.
Another example based on a future expectation:
-The Power-Ups pool holds 250K B3TR.
-Each Power-Up NFT will have a base value of 450 B3TR.
-Today's B3TR price: $0.26.
-Power Up NFT base value: 450 B3TR / 4400 VET
*If the B3TR price increases, the floor price will follow.
That’s it for now! But don't forget that Power Up events will benefit individuals but they will also benefit the whole MVA community using our voting power.
If you have any questions, please let us know!
Power Ups NFTs - 100% MINTED!
This ship has sailed! 🚢
I want to thank everyone who took part in one of our most important community events.
This is just the beginning.
A lot of epic @madvapesnft’s are being bought in the last month or so! 🦍
The team has a lot brewing behind the scenes and FOMO is kicking in! 🤯
By buying them on @worldofv_art you gain points on the #VeBetterDAO leaderboard! 📈
This will allow you to earn back in the form of $B3tr 🤑
@vechainofficial
🏀 IT’S COMING— MVA March Madness Bracket Challenge drops SOON! Only the TRUE alphas (MVA Alpha NFT holders) can step up. Got the guts to win?
Base Prizes:
🥇 1st: 100 B3TR
🥈 2nd: 50 B3TR
FEELING ELITE? POWER UP! Pay 1,000 $MVA and 5X YOUR SHOT:
🥇 1st: 500 B3TR
🥈 2nd: 250 B3TR
⏰ DEADLINE: Enter BEFORE the first tip-off—Thursday, March 21st!
RULES, APES:
Must hold an MVA Alpha NFT to enter & claim (same address)
1 entry per degen
Bracket link & entry details dropping soon—stay locked!
Are you alpha enough to dominate? #MVAMadness #PowerUp
Spots are LIMITED—don’t miss out! Join the Discord NOW and keep up with the Team Annoucements channel for more details: https://t.co/vgwZsBH4KO #MVAMadness #10XOpportunity #MarchMadness #B3TR #Vechain
We’re proud to announce that veDelegate has successfully passed a comprehensive @hackenclub audit, confirming our codebase is fully secure 🥩
Your trust is our priority, and we’re committed to maintaining the highest security standards! 🔒
Find the full audit report here: https://t.co/qgPRMtm8gk
After the dust has settled we have some winners...
@Moe_Freshamedov has won the signed @bisping shorts
@onelittledude has won the Alpha
And @crferrie has won the Lights Out II Strike pack
Thank you to all of the @UFCStrike members who joined in on the action this round! #UFCstrike #MVA #Vechain #UFC313