Bored Candy
The first NFT collection with utility from the get go !
Dear Candy Citizens,
I keep getting questions about the different utilities, how does it work, who earns what and where.
So I decided to write this article explaining everything, step by step.
First of all, Bored Candy NFTs have 5 rarity levels. These are important for staking, boosting and playing the game:
- From rarity rank 1 to 50 — Candy God
- From rarity rank 51 to 300 — Candy King
- From rarity rank 301 to 1500 — Candy Prince
- From rarity rank 1501 to 5000 — Candy Minister
- From rarity rank 5001 to 10000 — Candy Citizen
They are listed in Ebisu Bay & Minted Network (Where you can receive listing rewards) with an 8% royalty distributed as following:
- 4% goes back to liquidity to finance NFT staking (see below)
- 2% goes back to liquidity as protocol owned liquidity
- 2% goes to marketing efforts to promote the collection
You can do 5 things with your NFTs:
- Boost farms
Use your NFTs to boost any farm on candycity.finance, even dual rewards farms:
- Candy God — boosts 5%
- Candy King — boosts 4.5%
- Candy Prince — boosts 4%
- Candy Minister — boosts 3.5%
- Candy Citizen — boosts 3%
2. Boost single staking pools
Same as the farms, you can use your NFTs to boost single staking pools (not flexible and locked vaults) even the dual rewards pools:
- Candy God — boosts 5%
- Candy King — boosts 4.5%
- Candy Prince — boosts 4%
- Candy Minister — boosts 3.5%
- Candy Citizen — boosts 3%
3. NFT staking
We will be distributing 1 $CANDY per NFT per day starting October 31st.
All you have to do is stake as many NFTs as you’d like and enjoy the daily rewards.
In here the rarity enters into play, the 10 000 $CANDY per day is unevenly distributed depending on rarity level:
- Candy God — earns 8 $CANDY per day (50 NFTs)
- Candy King — earns 4 $CANDY per day (250 NFTs)
- Candy Prince — earns 2 $CANDY per day (1200 NFTs)
- Candy Minister — earns 1 $CANDY per day (3500 NFTs)
- Candy Citizen — earns 0.54 $CANDY per day (5000 NFTs)
If you make the math you’ll find it’s exactly 10 000 $CANDY distributed.
Rewards only go to NFTs staked, meaning that if not all 10 000 NFTs are staked here, $CANDY distribution will be less than 10 000.
4. Game staking
We have 2 paly to earn Candy games. One is full mobile available on app store and play store with in app purchases of $CANDY by credit card.
The other is a web3 game where you connect your wallet to deposit $CANDY to spend and earn in the game.
Both these games will be generating revenue in form of $CANDY. The revenue is calculated weekly as follows:
Game revenue = candy spent in games — candy earned in games
It is then distributed like this:
- 25% to NFT holders
- 25% to marketing to keep growing the user base
- 25% back to protocol in form of protocol owned liquidity
- 25% to treasury for future development
To get your share of the game revenue all you have to do is stake your NFTs in the game page instead of the DEX.
You can stake as many NFTs as you’d like. And here to, rarity counts:
- Candy God — weight 2 (so 4 gods receive what 8 citizens do)
- Candy King — weight 1.75 (so 4 kings receive what 7 citizens do)
- Candy Prince — weight 1.5 (so 4 princes receive what 6 citizens do)
- Candy Minister — weight 1.25 (so 4 ministers receive what 5 citizens do)
- Candy Citizen — weight 1
Every Monday starting November 7th (we need the first week to calculate weekly revenue), you’ll see the amount of candy generated by the game that will be distributed to NFT holders over the upcoming week.
Then you have to decide for yourself if you earn more in the game staking or in the fixed NFT staking.
The big difference here is that the entire amount of $CANDY is distributed wether there are 10 000 NFTs staked or just 1.
Meaning if you’re the only one staking here for November 7th week and there is 5637 $CANDY to distribute, you will get all of it, unless others stake too.
5. Double your game multipliers
For this part you just need 1 unstaked, unlisted NFT in your wallet. and your game multipliers will be doubled.
Meaning that whenever you finish a puzzle, you’ll earn double what a none NFT holder earns.
In future versions of the games, every one of the 5 rarity levels will have a special ability you can use in the game to help you finish puzzles.
Specific articles about the games will come out shortly and we’ll go more in depth in their mechanics.
Candidly yours,
Candy Man
Website: https://www.boredcandycity.com/
Twitter: https://twitter.com/boredcandycity
Discord: https://discord.gg/boredcandycity
Docs: https://bored-candy-city.gitbook.io/bored-candy-city-1/
Telegram Group: https://t.me/+Er5SXP0M70M1YWFk
Announcement Channel: https://t.me/+yZLZhh3jquRiNDQ0
