The introduction of the Metaverse has led to an array of innovations and over the past few months, several tokens have been launched. While most tokens are focused on bringing utility across the virtual space, The Quint Ecosystem’s Quint token is the 1st of its kind which incorporates real-world rewards through its metaverse’s potential. The token was launched on 21st April 2022 on Pancakeswap while its pre-sale was completed on 7th April 2022. The token appreciated by more than 500% in two weeks of trading.
In this article, we will discuss the Quint ecosystem’s unique process of staking options and how the community is bringing real-time luxury rewards to its users.
What is Quint Ecosystem and how unique are its Super-Staking pools?
The objective of the Quint ecosystem is to identify and explore various avenues through which the metaverse can be brought forwards for its users. The idea to create value, connect people through different channels, and bridge the gap between investors and digital assets is synonymous with its core.
Quint’s Super Pool Staking Option
The ecosystem’s unique approach to staking is one of its strengths that sets the projects in front of its competitors. At Quint, while there are regular staking options, the platforms also allow users to take part in their super-staking pools that compound their APY returns. The Super-staking Pools are divided into two major categories:
- Luxury Raffle Pools
- Quintessential Pools
The Luxury Raffle Pools staking option allows users to receive luxury rewards through Raffles that take place at the end of the staking pools. The minimum entry requirement for staking is 500 $QUINT tokens. The first Raffle Pool went live on April 23rd, 2022, and the two winners were rewarded with Hublot Big Bang Integral Pave Watch Titanium and a Hublot Big Bang Integral Pave Rose Gold. According to the platform, the reward for the next Raffle is even more exciting. As the Luxury Raffle Pool #2 will reward its winner with a Board Ape Yacht Club NFT.
With the Quintessential Super-Staking Pool option, the rewards get even better. Investors willing to stake with a higher amount of QUINT token will have a guaranteed physical real-world incentive, to begin with. The minimum lock-in period and the minimum investment amount of these pools will vary depending on the value of the fixed real-world incentive. Once a user stakes their QUINT token in any Quintessential Pool, a pool-specific NFT will be airdropped to their wallet that will be redeemable for rewards such as Complimentary Stay at Luxury Destinations, Supercar experiences, Premium Airline Tickets, and several other gift vouchers.
In addition to the pool-specific NFT, a 2nd NFT that acts as a virtual key to unlock perks will also be dropped in the stakers’ wallet. The rewards that can be redeemed from the 2nd NFT include, exclusive deals across hotels, spas, and restaurants, jaw-dropping discounts on properties, complimentary membership of their Metaverse Arts Club, etc.
While the Super-staking pool concept will be undergoing continuous development, the idea of this process is to add unique real-world collectibles to its treasury, that will be distributed amongst the super-staking pool stakers. The platform mentioned,
“Morphing the Super-staking Pools concept further to have extended lock-in periods in lieu of profit-sharing from the future sale of the created asset, another one of QUINT’s key future goals is to develop luxury physical real estate. This would make the QUINT investors fractional owners in the real-world asset in a proportion of their investment in the Quint’s DeFi ecosystem.”
The Quint NFT Marketplace
Another feather to its crown is Quint’s boutique NFT marketplace. The marketplace is specifically developed to allow art connoisseurs and artists from around the world to interact. NFT enthusiasts and interested parties will be able to commission bespoke NFT art directly from the choice of their artist. The NFT will be delivered to them in token frames designed for digital display.
The marketplace will also cater to specific clients that will have access to limited edition NFT collections through a bidding process on the Boutique Marketplace. According to the platform, the collection will revolve around luxury watches, cars, and other high-end accessories.
QUINT Token Tokenomices and Transaction Fees
The Quint Token ecosystem will have a fixed maximum supply of 800,000,000 QUINT that will be allocated as listed in the table below.
In terms of fees, each transaction will have a fee of 10% from which 4% will be allocated to the liquidity pool. The other 6% will be distributed to the marketing wallet. The Boutique NFT Marketplace will also charge a 6% fee in exchange for NFTs.
The Quint network is not compromising in terms of validating the security of the ecosystem. The protocol is looking forward to completing all these security checks which include:
- Blockchain Protocol Audit
- BSC Smart contract Audit
- Formal Verification
- Penetration Testing
- Internal and External Penetration Testing
- Vulnerability Assessment Services
At the moment, the platform is undergoing a Certik audit and over time the platform will be more exciting and available for investors and NFT collectors worldwide.
For more information, please visit the official website.
Disclaimer: This is a sponsored article.