NFT minting

The holders of the SPORT tokens can stake them in the Lympo NFT minting platform, earn credits and mint Lympo NFTs in various platform pools.

Lympo is constantly working on optimising the credit system in the Lympo NFT minting platform.

The current credit system has been adjusted in order to have a liable rewards policy for Lympo $SPORT token holders.

After thoughtful consideration, five main different types of cards were implemented in the Lympo NFT ecosystem: Common, Uncommon, Rare, Epic, and Legendary. Each type explicitly represents our client groups based on the amount of $SPORT they have in our platform. After careful evaluation, we assigned each group an average daily income of the credit, which they will use to mint (purchase) these cards. To calculate the best fitting function that would define the quantity of the contribution relevant to the daily credit income (stake SPORT and receive credits), we have employed a polynomial regression data fit.

We used this polynomial function to interpolate and gradually distribute the credit income within each participant group based on their holdings in $SPORT. For instance, if you hold 2,500 $SPORT in your wallet, you will earn 3 credits every day.

Please note that this only applies for the Athletes and O'Lympian pools. Other NFT minting pools that were launched as a cooperation between various projects (i.e. Lympo & REVV Racing or Lympo & Sandbox) have a different logic

More information on the latest economics of the NFT minting platform can be found here.