Supply Mini-Toko: 999
Nr. of Factions: 3
Supply Mega-Toko: 333
Price: TBA
$OIL: The $OIL token is used to merge 3 mini-tokos of 3 different tribes into 1 mega-toko which will qualify you for revenue sharing upon the launch of the NFT lending platform. Mini-Tokos will not be eligible for revenue sharing.
The total supply of $OIL is 650k.
The $OIL token is emitted daily, split among all the staked Mini-Tokos with decreasing weekly allocations, starting off with 15555 $OIL in week 1 (≈2222 tokens per day), then decreasing non-linearly week over week, according to the following formula 15555(Number of weeks^(-0.04)) (eg. 15555(2^(-0.04)) for week 2).
Holders will be able to stake their Mini-tokos for a period of 8 weeks. The staking is locked for 8-week periods, during which you cannot unstake your mini-toko. A staked mini-toko cannot be used for merging into a Mega-Toko.
A liquidity pool for OIL-USDC will be provided.
The price of merging the 3 mini-tokos is 500 $OIL and will stay constant over time.
Merging of three different factions
Merging of two equal and one different faction
Merging of three equal factions
* Rarer Tokos generate higher revshare *
Benefactors of the Near Foundation Grant