EnergyWeb Doge NFT Launch

Introducing īinu, the EWD NFT collection

EnergyWeb Doge is proud to present the īinu series NFTs, that come packed with utilities and a gamified way to invest in carbon credits. Since the launch of the new marketplace on the EnergyWeb chain, over 300 carbon removal bonds have been acquired by the EWD team. This was done to make sure that each of the NFT from the limited collection is backed by a 20 Year Carbon Removal Bond from the pilot project CarbonLand Trust.

The minting process

Upon launch, a minting dapp will allow the purchase and generation of the NFTs. Some mints will result in rare NFTs that can yield 2, 4 or 12 Carbon Credits per year. Each mint will result in a random artwork and NFT class: Common, Rare, Epic or Legendary.
The base price of each NFT will be denominated in $EWT and in line with the price of carbon removal bonds, which are priced around 300$. A small fee will also be set aside at every mint for the NFT artist. Those who wish to increase their odds of minting a rare NFT will be able to do so by paying a premium on top of the base fee.

How the NFTs will yield carbon credits.

• The NFT collection will be backed by a basket of Carbon Removal Bonds held in the GreenFund. The number of bonds in the GreenFund will always be greater than the amount of NFTs minted.
• Bonds will yield 1 $CRC token every year for 20 year to our GreenFund.
• The web app of EWD will host a staking/mining platform as a gamified way to earn $CRC tokens. (NFTs won’t have to leave the wallets).
• Each NFT class will be minted with a different hashrate power. Rare, Epic and Legendary NFTs will have stronger hash power, resulting in a decreased amount of time necessary to claim 1 $CRC.
• Holders will also be allowed to combine their NFT’s hashrate in the same wallet in order to get a linear distribution of the tokenized carbon credits.
• The dashboard will keep track of the time period each of the NFT stays staked per epoch, and will allow a claim when certain number of hashes is met.

Example:
-If it takes 1 million hashes to be able to claim 1$CRC, the common NFTs would have to be staked for 52 epochs (1 epoch = 1 week) in order to claim 1 $CRC.
-If a holder has 4 common NFTs in his wallet, mining with all of them simultaneously would allow 1 $CRC token to be claimed every 3 months.
-Legendary NFTs, which produce more hashes every epoch (roughly 40 000 hashes per day), would possibly allow a $CRC claim once per month.

Source: https://agentk.medium.com/energyweb-doge-nft-launch-6c0225e5f14e?source=rss——-8—————–cryptocurrency