Comment on page
Eco-Functional Segments of NFT
In BIB Meta, BIB token provides a higher level of liquidity to NFT on top of its value. In other words, staking NTF in BIB Meta for BIB token leads to the certitude that a BIB token is actually equivalent to a secondary token of NFT.
In the future, the rank of the NFT held by a user will be closely associated with that user's rank respecting rights and benefits in BIB Meta (to be implemented in the next phase).
a. Purchase NFT mystery box
b. Purchase NFT cards in secondary market
Fusion: Five of the same-star NFTs can be fused to upgrade into a NFT with higher star. For instance, five 1-star Messi NFTs can be fused to form a 2-star Messi NFT and so on. The core gameplay of NFT in BIB Meta lies upon the NFT trading cards with star ranking and tiers which these properties are highly correlated with users’ staking profits.
a. NFT staking to earn BIB tokens
Earnings distribution rules：The profits of staking are distributed according to the mining weight of the trading cards. Staking profits of Address A = (total weight of the trading cards with Address A / total weight of the trading cards staked in the contract) * staking bonus released
Staking bonus = 40%(16% token released in linear vesting + BIB Meta profits85%)
Unlocking rules: Staking NFT to the smart contracts to mine BIB tokens. To quit staking, it requires 7 days of lock-up period in which assets can be traded only when it is released.
b. Staking to become community nodes
General Community Node:
Users who stake 3 or 4-star trading cards and self-delegate a certain amount of BIB tokens to the node are allowed to form a community node with NFT credentials representing the ownership. In the process, a 3-star node is allowed to be upgraded to 4-star without token migration. However, the delegation is not unlimited; it is forbidden to exceed 50 times of the volume of self-delegation as well as the hard cap according to the level of node (10 million BIB for 3-star nodes, 100 million BIB for 4-star nodes).
Ordinary nodes can delegate BIB tokens as a whole to get staked in super nodes with the profit sharing weight of 0.9.
Super Community Node:
Super Community Node: The first 30 nodes with the highest number of overall delegated BIB tokens from users and other community nodes automatically become super nodes, and super nodes are permitted to accept delegation from up to 10 ordinary nodes.
60% (16% of linear vesting amount + 85% of BIB Meta profits)
·5% of the prize pool is distributed as dividends to owners of the 30 community nodes monthly according to total delegations (including the delegations of ordinary nodes). Please be noted that this part of revenue will only be paid the following month and will be used to compensate the staking users if a particular node is disbanded.
·44% of the prize pool is distributed as dividends to all the users who delegate BIB tokens to community nodes based on the ratio of delegation volume as well as weight (Initial capital as a part of distribution)
·11% of the prize pool is distributed as dividends to all the node credential holders based on the ratio of delegation volume (excluding the delegation volume of subordinate nodes) and weight.
Node delegation： Ordinary nodes can be delegated to the super node as a whole to receive BIB Meta profit dividends, but the weight of profits within the super node is only 0.9, which 20% of the user's profits will be contributed to the node’s KOL as commission (refer super node’s profit dividend for details).
Node ownership transfer: Regardless of ordinary nodes or super nodes, the ownership of a node can be transferred by trading its NFT credentials. When the ownership is transferred successfully, the corresponding trading card NFTs, self-delegated BIB tokens initial funds, and profit dividends will be transferred accordingly as well.