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        How the Sale and Phase 1 will work

     (PLEASE READ!)   

 

Phase 1

1. To kick things off we will start the Drop of our Membership NFT The WAX Founders NFT

2. 1st off you need a Wax Wallet. If you need help creating one. (CLICK HERE)

3. There will only be 333 of these NFTs ever minted!

4. Most of the proceeds from Membership sales will go off-chain after the close of the drop to fund the Project Trading Account, needed staking, our Lucky NFTs Lottery Club. 

5. Every month we fill the WAXDAO Farm with 5% of our Trading Profits. 

6. We will Airdrop 2 PlanetsOnWAX to each WAX Founder NFT holder. The PlanetsOnWAX NFT will be stakeable to the WAXDAO Farm we are filling. 

7. With in a Month a couple weeks of starting the sale we also airdrop 2 Lucky NFTs to our WAX Founders NFT holders. 

8. We reserve the right to Stop the WAX Founders NFT sales at anytime. They will only grow in value. We also reserve the right the BUY any NFT that is on sale from this project we feel is undervalued. 

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How the Membership Farm/Pool will work

What are Staking Pools on WAX DAO?

The WAX DAO is a decentralized autonomous organization that governs the WAX blockchain. It is responsible for facilitating decision-making processes on the network and ensuring that the platform remains decentralized. Staking pools are a mechanism that allows users to earn rewards for locking their assets in a smart contract for a specified period.

 

With us our Members can stake their PlanetsonWAX NFT's on earn WAXP. All future NFTs will be tied to a token WAXP, EOS) and we will see all the possible options for Tokens. 

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Scaling up the Farm and the Project!

Phase 1

Phase 1 will be all about growth while also

offering a Staking Pool for our Founders.

After the initial sale it will take time to scale up the Staking Pool while we are collecting and transferring profits from the Trading account.

 

So we have come up with this plan to make sure you are not waiting around too long for staking!

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1. We will be using V2 Farm of the WAXDAO.

2. As we said above most of the proceeds from the Membership sale will temporarily go off-chain and into a Trading Account.

3. Within 3 weeks to 1 month of the end of the sale we will transfer 5% of the profits we have accumulated back on-chain to WAX and start the 1st Membership Pool that will be filled with WAXP. 

4. The first Farm made in the WAXDAO will last for 1 month (we don't want to keep you waiting any longer to be able to stake your NFTs.)

5. After the 1st Month we will reset it and refill the Staking Pool and do what we think Farms should do. They should GROW!

6. The next Pool/Farm will be 2 months long and larger then the last.

7. And finally we will get to where we are refilling the Staking Pool every 3 months moving forward and try to keep it growing or at least equal to the size of the previous Staking Pool.

8. We will transfer 10% of all trading profits onto the WAX blockchain to cover fees and to continue staking so the fees are canceled out by Staking Rewards and also to do WAXP and NFT Giveaways. 

9. Remember the only way to get Rewards as of right now is to Stake your NFT to the WAXDAO Farm or winnings on the Lucky NFTs.

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 Expansion​​​​

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• This 1st Sale is just to get the Project off the ground and running.

• We will update/upgrade the website. We will turn it into a TRUE Membership website with NFT Gated Content, Profiles. Smart Contracts, and Members Only Areas.

• Looking for more Membership only benefits to add.

• We will continue to grow on the WAX Blockchain and also try to grow with other Projects on the WAX Blockchain as well before expanding.

• Looking for Collaborations and Partnerships on WAX and off-chain.

• Find more benefits On-Chain and Off-Chain to bring to our Members and the Community.

• We will announce more as when we start "The Expansion".

• We are gonna keep it straight and simple for now! This is just the beginning!