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DeMons

THE ATLANTEANS ARE COMING TO THE DEMONVERSE!
Category
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Graphics & Design
Blockchain
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Zilliqa
Currency
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DMZ
Publisher
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DeMons Team
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What is DeMons?
Decentralised Monsters (DeMons) are characters of the DeMons' Metaverse. They were created when the Zilliqa blockchain shards started colliding and resulted in a massive explosion. Boom! Each Demon that was spawned has its own story, lore and is a part of the Zilliqa Metaverse. To allow each DeMons' NFT holder ownership of a stake of the DeMons Metaverse, these NFTs are unleashed as NFTs that can generate yield in the form of DMZ tokens (the DeMons governance token) Furthermore, they can be levelled up and traded in the marketplace. DeMons are NFTs that accrue their value from the fact that they are scarce with only 666 of them ever minted, and also from their utility in generating DMZ yield. But they are not mere holdings that you can hold and trade but are a cut and cult above. While most NFTs and collectable series are computer-generated, these NFTs are entirely hand-drawn artwork specimens, generated without using any computer algorithm. Unlike any other existing NFT projects, you can name them as your belonging and show-off to shine apart as a card in your deck or as an Avatar to display your presence around in your social circles.

NFT Staking
"SOW your NFTs & REAP big rewards."
Your DeMons will earn for you even when they rest in your DeMon Jar via DeFi NFT Staking. The system is programmed to stake your NFTs automatically.
DeMons’ NFTs are the first of its kind that have an end-to-end financial ecosystem linked to them. All you need to do is, hold and level-up your NFTs and claim rewards ($DMZs), periodically.

$DMZ Token Staking
The Staking Portal on DeMons has two stakeholders - you and the DeMons team.
You can deposit your tokens ($DMZ) and earn rewards. These rewards could, potentially, be in multiple tokens and are available to claim at the end of every cycle.

Community Ratings
Unlike other platforms, DeMons offers a dynamic community rating to eliminate single NFT autocracy. We open voting once every quarter where the NFT won by the democratic voting process tops the chart.
Dynamic Community Ratings help you define the rarity/popularity of the NFTs. Higher the community rating, rarer the NFT.

NFT Swap
We allow DeMon holders to swap their NFTs if they so desire.
If the current valuation of both the NFTs is the same, the holders can directly swap their NFTs with DeMonic Swap. Else, the buyer of the costlier NFT pays the remainder amount to complete the swap.

Gamified NFT Experience
Want your NFTs to stand out? Level them up.
Levelling up unlocks countless benefits and perks for you and your NFT.
Every level unlocks different privileges like voting rights, personalisations and more. And it also increases the resale value of your NFT.
Information
Type
Collectible
Blockchain
Zilliqa
Currency
DMZ
Platform
Windows, macOS
Publisher
DeMons Team
NFT marketplace
DeMons World
Version
v1
FAQ
Decentralised Monsters (DeMons) are characters of the DeMons' Metaverse. They were created when the Zilliqa blockchain shards started colliding and resulted in a massive explosion. Boom! Each Demon that was spawned has its own story, lore and is a part of the Zilliqa Metaverse.
To allow each DeMons' NFT holder ownership of a stake of the DeMons Metaverse, these NFTs are unleashed as NFTs that can generate yield in the form of DMZ tokens (the DeMons governance token) Furthermore, they can be levelled up and traded in the marketplace. DeMons are NFTs that accrue their value from the fact that they are scarce with only 666 of them ever minted, and also from their utility in generating DMZ yield.
But they are not mere holdings that you can hold and trade but are a cut and cult above. While most NFTs and collectable series are computer-generated, these NFTs are entirely hand-drawn artwork specimens, generated without using any computer algorithm. Unlike any other existing NFT projects, you can name them as your belonging and show-off to shine apart as a card in your deck or as an Avatar to display your presence around in your social circles.
Every financial project demands utility tokens that the consumers can use to trade over the platform and deal with other consumers around the globe. The same motive at DeMons is served by $DMZ- our very own utility and governance token built on the Zilliqa blockchain.
You can get $DMZ in several ways:
Participate in ZILO. For more information, read here.
Buy $DMZ in exchange for $ZIL on the currency exchange platform. Consumers can trade and get $DMZ from ZilSwap.
Through incentives and burning rewards, where, with each Demon sold, some amount of $DMZ tokens will be given to the first buyer of each demon as an incentive or as an incentive for holding Demon. But this will be unlocked only after a certain amount of $DMZs are burnt.
Liquidity mining is another method that you can adopt to earn $DMZ by providing liquidity in the $DMZ Pool.
An exquisite way to earn $DMZ would be by playing the game built around DeMonverse, making it a rare project. This method of earning $DMZs will benefit students and beginner investors in the field of NFT trading.
Old Sales Model
The previous sales model worked on FCFS and used step-curve for price determination, leaving much room for exploitation. This model resulted in a significant downside for both the community as customers and us as traders.
We have had reports coming in for gas wars, inability to buy because of different time zones, failed transactions due to overload, one wallet acquiring multiple NFTs, and so on. One of the main drawbacks we faced was that we had neglected the lack of exclusive privileges for trusted community members.
We have designed the new model incorporating the suggestions from the community.
New Sales Model
The new sales model consolidates the idea of specialized privileges for trusted wallets, thereby limiting hoarding of NFTs to a broader extent. By developing a fair and community-friendly model, we make the process more driven and engaging, ensure customer gratification and prompt higher value.
We start with a pre-determined period of hard staking. For those new to the term staking, 'it is the process of locking up crypto holdings to earn rewards and interest.' The entire process runs for about 3-4 weeks.
Stage-1
The initial stage or 'buffer period' runs for a week, during which we lock 2500 $DMZ. After a week, the assets are hard-locked for two weeks.
Stage-2
In the two weeks of hard-locking, we pick around 100 addresses; 80 from the locking contract and 20 from the pool of addresses that provides liquidity of 4K or higher in more than 6 epochs. If the count is less than 20, we pick the adequate number from the locking contract or hard-lock.
All the addresses will be randomly chosen via a Chain in Oracle. We are considering using Chainlink as blockchain oracles for smart contracts. The randomization will be done using the Ethereum chain as we do not have any Oracle on the Zilliqa network.
Stage-3
At the end of the locking period, the chosen addresses can buy the released NFTs using their wallet from the DeMons website at a flat price. Only the selected addresses can buy the NFTs, and only one NFT/wallet will be issued.
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