As Dego community has voted yes for the latest proposal by Alpaca City, we would like to bring on the Dego-Alpaca NFT Mining Campaign. You can check the proposal in the link below.
https://snapshot.page/#/dego/proposal/QmcsW2kKqGFwi4qkw6efSJr2Ga1JiiVfJdb9CvAK7R9FD7
Alpaca City is endeavoring to create a more accessible DeFi ecosystem by combining the power of yield farming and NFT. We are glad to announce today that Alpaca will launch a series of joint NFT campaigns with Dego.finance.
Campaign Dates:
- 1st Dec 2020, Mining Rules Announced
- 3rd Dec 2020, Auction of Exclusive NFTs
- 3rd Dec 2020, Dego NFT Mining Begins (Machu Picchu Temple)
- 4th Dec 2020, NFT Casting Begins
- 5th Dec 2020, ALPA NFT Mining Begins (Machu Picchu Pyramid)
Campaign Rules
Auction
Alpaca team will create a batch of limited edition & exclusive NFT’s using ALPA, which can be auctioned on Dego.finance and traded on Dego NFT Place.
- Auction starts at 1 PM UTC, 3rd Dec 2020.
- Auction item: Exclusive ALPA NFT- LV6
- Quantity: 5
- Par value: 800 ALPA per NFT
Casting
Apart from the ALPA NFT- LV6 that are limited, all users could deposit any amount of ALPA tokens and consume 1 DEGO token to mint your very own ALPA NFT on Dego Foundry and participate in the NFT Mining.
- NFT Casting Begins at 1 PM pm UTC, 4th Dec 2020
- Random Casting grade: LV1-LV5
- Token accepted: ALPA
- Casting par value: 0.1 ≤ X ≤ 800 ALPA
- Casting cost: 1 DEGO
- Decomposition Cycle: 30 days to unlock
Here’s how to cast a ALPA NFT in detail, https://docs.dego.finance/how-to/cast-nft
Each ALPA NFT Grade represent different Mining Power. Users can assess their return based on NFT Mining Power table below.
*Power = ALPA Par Value * Mining Efficiency
Mining
Alpaca team donated $25,000 ALPA tokens to set up two ALPA Mines for NFT Mining. Users can stake the ALPA NFT they casted, bought, won into the following mining pools: Machu Picchu Temple& Machu Picchu Pyramid to mine ALPA tokens.
Machu Picchu Temple:
1)Total amount of pool: ALPA worth $5k
2)Only DEGO NFTs are invited here
Machu Picchu Pyramid:
1)Total amount of pool: ALPA worth $20k
2)Only ALPA NFTs are invited here
- Machu Picchu Temple will be launched at 0:00 pm(UTC+0) on December 3rd
- Farah NFT Auction will be launched at 1:00 pm(UTC+0) on December 3rd
- Machu Picchu Pyramid will be launched at 0:00 pm(UTC+0) on December 5th
- The reward will be allocated in 28 days (1/28 of total rewards will mined out everyday)
- 10% of the reward will be deducted if harvested within 3 days after mining
- Each address is allowed to stake up to a total value of 800 ALPA. If an address is staked with an NFT with par value large than 800 ALPA, or staked with NFTs that have a total value exceed 800 ALPA, that address is treated as a value of 800 ALPA is staked
Here’s how to participate in detail?
https://docs.dego.finance/modules/dego-nft/mining-pools#how-to-stake-nft
