$Mark + ERC404 = 4M4
- Users can convert $Mark into a 4M4 Miner at a rate of 10,000 $Mark per Miner. The minimum amount of $Mark required to create a 4M4 Miner is 10,051 $Mark, which includes a 0.5% wrapping fee. At any point, 4M4 Miners can be converted back to $Mark.
- 4M4 Miners, as NFTs, come with a 48-hour mining power reserve and earn 20% of the $ETH utilized to create $Mark Miners. $ETH rewards are released at the end of each epoch(every 48 hours).
- Upon creating the 4M4 Miner, you must reveal the minting result within 256 blocks. Failure to do so will require you to remint the 4M4 Miner.
- 4M4 Miners are equipped with varying levels of mining power and are randomly assigned. The mining power of the miner is determined by its rarity, with higher rarity resulting in greater mining power.
- Users can use the erc20 transfer function but not the erc721 transfer function so that once they are transferred, the NFT will re-mint.
- When transferring a 4M4 miner, the previous one is burnt, and a new one is minted with fresh mining power, resetting its 48-hour mining power reserve.
- There is a 0.5% fee to convert to or from a 4M4 Miner, and 0.1% fee to transfer to a new 4M4 Miner. The fee is collected in $Mark tokens and distributed to $Mark Miners.
- 25% of ETH rewards will be allocated to the team for Contract Deployment, NFT Design, and other related tasks.
|
Type 1 |
Type 2 |
Type 3 |
Type 4 |
Type 5 |
Rarity |
1% |
3% |
10% |
20% |
66% |
Mining Power |
10 |
6 |
3 |
1.2 |
1 |
Quantity |
1,000 |
3,000 |
10,000 |
20,000 |
66,000 |