Flame DeFi is currently rolling out its farming platform with an increasing amount of farms. A decentralized exchange is in the making and all Flame DeFi components will be governed through a governance token, fDAO. Now Flame DeFi has announced their NFT collection which will be a series of NFT characters.
The NFT series will be called “SpaceFarmers” and will be minted on Hic Et Nunc (HEN) and will be a collaboration with ten different HEN artists. Each artist will design and name one of the ten different characters and each month one character will be launched and offered on HEN.
There will be 20 pieces of each unique character and all NFTs of a character that has not been sold before the end of the month will be burned.
This first edition of the SpaceFarmers NFT collection is called “NewEra”. Collectors that collect an NFT of all ten unique characters of the NewEra series, will receive a “Mayor of the NewEra Galaxy” token. The launch will be mid July.
For people that manage to collect all 10 SpaceFarmer NFT’s, there will be a special surprise.
‘Our goal: connect the DeFi ecosystem with the artist and put light on some artists we like in the XTZ ecosystem.’
All the revenue from the sale will be split. 50% for the artist and the other 50% will be used to buy back FLAME tokens which will be burned. This way the NFT sales will have some positive influence on FLAME token value and scarcity.
Every month, one of the NFT holders will receive a FLAME airdrop. To be eligible to receive the airdrop, you have to have at least 150k FLAME tokens (in your wallet, in an Liquidity Pool, or in a farm).
Not all details of these airdrops are revealed yet. But there will be more interesting features involved. Additionally, fDAO tokens, which are the governance tokens of the Flame DeFi network, will also have a purpose.
SpaceStuff NFT’s will be airdropped and can only be obtained by SpaceFarmer holders that also hold fDAO tokens. SpaceStuff NFT’s are unique objects that belong to specific SpaceFarmers. This could be a sword, a crown, a cat or other creative surprise items.
The SpaceStuff NFT’s will be scarcer than SpaceFarmers, so not all SpaceFarmer owners will be able to receive SpaceStuff. There will be three different SpaceStuff NFT’s per SpaceFarmer character:
- 1 SpaceStuff will be minted in 5 pieces.
- 1 SpaceStuff will be minted in 3 pieces.
- 1 SpaceStuff will be minted in 1 piece.
The SpaceStuff will be airdropped to holders of the SpaceFarmer NFT that the SpaceStuff belongs to, but only to those that hold specific minimum amounts of fDAO:
- 1 SpaceStuff will be minted in 5 pieces. —> Hold minimum 20 fDAO
- 1 SpaceStuff will be minted in 3 pieces. —> Hold minimum 50 fDAO
- 1 SpaceStuff will be minted in 1 piece. —> Holds the biggest amount of fDAO LP tokens.
If there are more than 5 people who have more than 20 fDAO, the SpaceStuff NFT will be airdropped to those who hold the most fDAO. Same goes for the 50 fDAO NFT’s.
The airdrop will be announced 7 hours before the airdrop and the account snapshot that will be used to determine the fDAO holdings, will be taken 24 hours before the airdrop.
More utility for the SpaceFarmes and SpaceStuff is on the roadmap. Word on the blockchain is: there might be some NFT farming on the horizon.
Flame DeFi has just deployed a farm where you can use USDtz to farm FLAME tokens. This is an interesting option for people who want to temporarily get out of volatile tokens, but still want to make some extra return.