$25,000 ALPA Mine@dego.finance | ALPA NFT Mining Campaign

Image for post
Image for post

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

Image for post
Image for post

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

DEGO.Finance — Decentralized Finance with Sustainability

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store