Win The NFT, Earn Daily Revenues!
Each GeoMorf is also a non-fungible token (NFT) on the dedicated GPS Token blockchain, and when enough GeoMana is collected for a character, the user is rewarded with the NFT version and start earning a share of the daily finder rewards, or you can simply trade the GeoMorf on MorfDex, our fully decentralized marketplace.
Here's How It Works!
NFT Holder Reward Always Equal To The Finder Reward
GeoMorfs also contain an 'NFT Holder Reward' which is always equal to the finder reward. This means that if a GeoMorf contains a finder reward of 20 Miles, then there is another 20 Miles that will be distributed to holders of that character NFT.
Each NFT Receives An Equal Stake Of The NFT Holder Reward
Each NFT holder is entitled to an equal part of the NFT Holder Reward for each of the characters they own. This means that if there are 10 NFTs of a particular GeoMorf, each holder would receive 2 Miles (20 Miles NFT Holder Reward, divided by 10 NFT holders).
Unclaimed Hatchlings' Are Burned After A One Month Gestation Period
Each GeoMorf begins with 50 NFTs' which can be won by users who collect the hatchlings on the Triffic Map. At this point, they cannot be traded on the MorfDEX. After a one month 'gestation period'. Any unclaimed hatchlings' for a character are burned. So, for example, if 32 NFTs' of a particular GeoMorf were won, then 18 NFTs' are burned after the end of the gestation period. This would mean that the NFT Holder Reward would now be shared between 32 NFT holders, instead of 50, and increasing payouts. Once the gestation period ends, hatchlings become Level One GeoMorf Toddlers, and the winners receive them as NFTs on the GPS Token blockchain. At this point they can either trade them on the MorfDEX, or HODL them and collect the daily NFT Holder rewards in Triffic Miles.
All New GeoMorfs Start Off At Reward Level One
Whenever a GeoMorf increases its Reward Level, the payout to both the finder, and the NFT holders increases exponentially. For a GeoMorf to increase its level, it needs to be found by as many people as possible, because the GeoMana also applies to the GeoMorf too. In the same way that users need to acquire GeoMana to win GeoMorf NFTs', the actual GeoMorfs' acquire the cumulative GeoMana of everybody, and when they pass certain thresholds, they level up, and start increasing their reward payouts.