TYRANITE
What is $TYRANITE
$TYRANITE is our native ERC-20 token on the Ethereum Blockchain. It's the primary source of energy of the Tyranz ecosystem.
1 $TYRANITE = 1 $TYRANITE - There is no fiat value to $TYRANITE.
How do I earn $TYRANITE
We spent a lot of time developing our tokenomics, ensuring we balance the ratios based on characteristics of each NFT and the longevity of generating $TYRANITE.
$TYRANITE can mainly be earned by staking Genesis Tyranz. You can refer to the following staking scenarios as examples to get a clearer picture:
1 Genesis Tyranz
5 $TNT
Each Genesis Tyranz earns 5 tokens per day
1 Primal Tyranz
7,5 $TNT
Each Primal Tyranz earns 7,5 tokens per day
1 Genesis Tyranz + 1 Drill held
6,25 $TNT (5 from Tyranz + 1,25 thanks Drill)
Holding 1 Drill in your wallet boosts your rewards by 25%
1 Genesis Tyranz + 2 Drill held
7,5 $TNT (5 from Tyranz + 2,5 thanks to 2 Drills)
Holding 2 Drill in your wallet boosts your rewards by 50%
1 Genesis Tyranz + 3 or more Drill held
10 $TNT (5 from Tyranz + 5 thanks to 3+ Drills)
Holding 3 or more Drill in your wallet boosts your rewards by 100%
3 Genesis Tyranz + 1 Drill held
18,75 $TNT (5 from each Tyranz + 1,25 from each Tyranz thanks to Drill)
The Drill boosts the rewards of every Genesis Tyranz staked
1 Primal + 1 Drill held
11,25 $TNT (10 from Primal + 1,25 thanks to Drill)
For the explanation you can refer to the paragraph below (*)
1 Primal + 3 or more Drill held
15 $TNT (10 from Primal + 5 thanks to 3+ Drills)
For the explanation you can refer to the paragraph below (*)
1 Genesis + 1 Primal + 2 Drills held
20 $TNT (5 from Genesis + 10 from Primal + 5 thanks to 2 Drills)
2 Drills generate a 50% boost on both the Genesis and the Primal.
(*) Even if a staked Primal Tyranz earns 10 tokens per day, if you also hold a Tyranite Drill in your wallet, the boost is calculated on the base (5) and not on the total (10) which considers Genesis' base gain plus a 100% due the fact that it is Legendary.
What can I spend TYRANITE on
Ways you are able to utilise it are on
Marketplace (WLs, NFTs, Services, ...)
Breeding
Auctions
Raffles
Events
Gamification
More to come...
Where does all the spent $TYRANITE goes
Being an internal economic system, the $TYRANITE spent will be sent to MeteorDAO treasury to maintain a healthy supply of circulating tokens for economic activities and utility development.
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