ACE Avatar NFTs and $PeACE Relationship:
🔹Bound 1:1 with $PeACE (Prime ACE).
🔹Total issuance of 10,000 for both ACE Avatar and $PeACE.
Redeem & Burning Process:
🔹Upon redemption, users receive the corresponding $ACE amount from the Grand Treasury Pool.
🔹Redeeming an ACE Avatar decreases the total supply of both the NFT and $PeACE by one.
🔹The price for the next redemption is increased.
Grand Treasury Pool Sources:
🔹All of the $PeACE launchpad sales ($ACE).
🔹Transaction fees from Tesseract @tesseractworld- Marketplace & Dex, including all $PeACE and ACE Avatar trades.
🔹Gaming revenue from ACE Arena.
Redemption Formula:
🔹Recycling Amount = Grand Treasury Pool Balance / (Maximum Total NFT Issuance - Redeemed NFTs) * 95%.
🔹Guarantees a minimum recycling amount of 95%.
🔹The more NFTs are redeemed and the higher the NFT trading volume, the greater the profit from redemption.
🔹$ACE from Eco-system Support and Boost.
Medium Detail: https://t.co/1Yjn7LBWbb
End of this Tweet, Cheers
Introducing: ACE Avatar (10K supply)
Each NFT represents a character from the ACE Arena game and is usable within ACE Arena, continually offering a series of privileges on the Endurance Eco-system.
What's new?
🔹Endurance Launchpad for PeACE (Prime ACE 10K supply)
🔹404 + ERC5169 @SmartLayer
🔹Reddem Guarantee 💓+ Burning mechanism🆙
🔹Revenue from ACE Arena and the Marketplace boosts the redemption price 🆙
🔹Endurance Marketplace - Tesseract @tesseractworld, Stage Zero Token extra gains🎁
When?
🔹Detailed explanation next few days.
🔹LaunchPad Next Week
🔹ACE Arena launch Mar 2024
Cheers!