verynifty / veryniftyproposals

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Level based staking point requirements in mint #4

Open been9 opened 3 years ago

been9 commented 3 years ago

Currently in mint subpage of gallery, we have to stake 5 $muse for a day to get 1 point and 400 points to get brand new vnft minted. This system currently increases inflation of vnft which is more deadly than $muse inflation.

Also in light of recent changes of slashing mining rewards for leveling up by 70-75 percent, I (Been) wants to purpose level based mint points requirements.

400 points is minimum requirement which will only be for someone who is level 100 and above(can change if there are more levels). For level 1 points requirement will be 1400 points.

Example- This means someone at level 1 has to stake 100 muse for 70 days to get vnft if he doesn't level up and stays level 1 which is lowest.

While someone at level 10, will need say 60 days to mint new vnft if he too stake 100 muse. At level 20 he will need 52 days to mint vnft, level 30 needs 45 days ( more rewarding for early adopters who are levelling up) but this will change when muse supply reaches 500k and become linear.

This move will inspire people to stake more, level up and mint vnft faster once they reach top. Rules won't change again once this is implemented so due diligence is needed.

For those who can't afford 13 $muse gems, they can still hunt and level up..so it's fair for everyone if they can't afford to buy gem#4 to level up.

If wallets have more than 1 vnft, highest score vnft is considered to set the mint points requirement. This will also promote ppl to hold atleast one high level vnft and level up.

princekelly1 commented 3 years ago

Hunt that only few people can win it. Don't use that as general bases. I assure you no one will stake more, no one

princekelly1 commented 3 years ago

Someone who can't afford 13 Muse gem. You want them to hunt where others use contract. You want people to waste more gas?

surfer77 commented 3 years ago

Instead of this, we are leaning more towards the requirement of burning some muse when minting. Since the pets generate Muse and only minters can introduce new VNFTs into the game, there should be a fair balance were they can sell/gift NFTs but also help the ecosystem by burning some