Proof of NFT
The Proof of NFT (P.o.NFT) protocol is meticulously designed to ensure a fair and widespread distribution of tokens, actively preventing an undue concentration of wealth among a select few and safeguarding the market from manipulations that could lead to significant price volatility.
This innovative protocol achieves its objectives by rewarding NFT holders from collections listed on the TerraMater platform with Natura Tokens when they stake their NFTs. This mechanism not only incentivizes participation but also significantly enhances the Total Value Locked (TVL) within these collections, reinforcing the overall market stability.
To ensure this equitable distribution, the protocol employs smart contracts that methodically allocate Natura Tokens on a daily basis, corresponding to 1/365th of the initial cost of the staked NFTand the user can claim it personallly from the intended supply through the Dapp.
The 70% of the maximum Natura Token supply is dedicated to supporting this protocol and it is securely held in a dedicated multisig wallet, ensuring both the integrity and the longevity of the distribution mechanism.
This strategic allocation underpins the protocol’s effectiveness in fostering an equitable token economy and enhancing the utility and value of the NFT assets within the TerraMater ecosystem.
Examples: Original cost NFT "EXAMPLE" 1000 $ ÷ 365 days = 2.73972602 $ of Natura Token/day.
if Natura Token values 0.5$ -> 2.73972602 $ ÷ 0.5$ = 5.47945204 Natura Token/day
if Natura Token values 1$ -> 2.73972602 $ ÷ 1$ = 2.73972602 Natura Token/day
if Natura Token values 2$ -> 2.73972602 $ ÷ 2$ = 1.36986301 Natura Token/day
The value of the Natura token, used to determine the allocation amount to a user, is calculated based on a formula that considers both the supporting assets and the circulating supply. see here
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