👾NFT Staking

Definition

Monster Councils is the name of BCMHunt NFTs Staking Program, known as pools of Monsters, with the mission of welcoming and nurturing newly born Monsters into the BCMHunt multiverse. Instead of risking losing the precious monster you have hunted, or trained through so many battles, players now can have a better monetization strategy by “electing” it to Monster Councils.

Rewards Allocation Principals

From the revenue of in-game activities, one part would be burned periodically and another part would be allocated evenly to Monsters Councils staking pools. There are 72 monster councils, including 22 Genesis and 50 Wild councils (one for each Wild genus with 10 species), revenue would be allocated evenly by the number of monsters in each council at the end of 2 months cycle. (Two special cases are Gemmar & Gemritter, their allocations will follow Steinn & Steinar’s for the first few stakes as those monsters have not been distributed fully).

In the first staking round, a more significant portion of rewards would be allocated to Genesis Councils (from the $BCMC collected during the NFT sale). This would help to balance out due to the lack of wild monsters at the beginning of launching.

Got an idea of how valuable your uncommon or rare monster is?

If a council does not have any monsters for a particular term, the rewards given to it for that term will be burned. Imagine if your rare monster is the only one elected to its council, you would have all rewards allocated to that council! The fewer members you share the same council, the more money you earn, efficiently and effortlessly.

Timing

Players can start enrolling in these councils 1 week before the Mainnet launch. The staking period would be 2 months repeatedly, and there is a short period in between these cycles for monster enrollment. Dashboard would be ready for real-time earning monitoring.