$XRLC — A WHITEPAPER — V. 1.1
V 1.1 updates: as of 05/24/2022 the Ascended Fantom Lords have been added to our “Stronghold” staking platform, emissions went from:
12.5%(CreeptoGhouls), 12.5%(Specters), 75%(Lords)
To: 10%(CreeptoGhouls), 10%(Specters), 55%(Lords) 25%(Ascended Lords)
(start of the original -V1.0- whitepaper)
Introduction
Fantom Lords’ fate is intertwined with the mystical powers that lie into the Arcane Relics. You can send your Fantom Lords’ and their frens to quests in the Stronghold in order to earn daily Arcane Relics ($XRLC).
Tokenomics
The $XRLC Token will be emitted linearly on a 12 months period. Roughly 3000 $XRLC will be minted per day.
Max supply is going to be capped at1.000.000 $XRLC, but consider that many features of our ecosystem burn $XRLC (e.g. Minting Artifacts, Ascension, see below).
Moreover, 11.5% of the $XRLC is vested for the Team, releasing gradually throughout a 1 year period.
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Day 1 emissions will be divided as:
75% to the stakers of Fantom Lords.*
12.5% to the stakers of Fantom Specters.(https://t.co/ixfP0ZUWTe?amp=1)*
12.5% to the stakers of CreeptoGhouls.(https://rb.gy/mj0yn4)*
(referring to the remaining 88.5%, here split again as 100% and divided as 75/12.5/12.5)
Rarity of the NFT throughout the same collection does not have an impact on the yield, while, of course, staking more NFTs will increase the yield proportionally (e.g. 10 Fantom Lords will earn 10 times more than 1 Fantom Lords).
Please note that given the scarcity of the Fantom Specters and CreeptoGhouls, the rewards earned by staking NFTs will be naturally much higher (3333 Lords will fight for the 75% of emissions, while only about 60 max. Specters will be earning 12,5% of the emissions).
*The team reserves the right to modify the emission rates and distributions to balance out the payout proportions, to accommodate new and partners’ collections, and to adapt to mutable market conditions.
Chapter 1: the Ascension phase
$XRLC can be spent immediately to mint out Artifacts, our collection of multipurpose NFTs.
There are 8 types of Artifacts, and each type hides a different power that can permanently transform your Fantom Lord.
In fact, by burning an Artifact along with a Fantom Lord, you will get an incredible new NFT: an Ascended Lord. The rarity of the Fantom Lord is not going to be relevant in summoning the Ascended Lord, so take that into consideration when you choose the Fantom Lord to burn.
Max supply for Ascended Lord is 1222.
Each type of Artifact will unlock its relative Ascended Lords Class: discover and collect them all!
Ascended Lords are completely new multi-purpose NFTs, with unique art and powers. First, an Ascended Lord grants you a dedicated pool with increased emissions, that will start a few weeks after release. Additionally, their unique powers will unlock new features once GameFi is completed.
Minting price for an Artifact will start at 122 $XRLC and through a linear bonding curve will slowly increase to a maximum of 222 $XRLC, this will slightly favor the first users who stake and mint on our platform.
Thus, with an average price of 172 per mint, it will take at least 210184 $XRLC (circa 2 months) to complete the Ascension ritual and mint all the 1 Ascended Lords.
Regarding trading and liquidity pooling: we are not going to open a pool on the day of release of the token, and we will speculate together with the community if and when we should provide the liquidity on a major exchange. That said, we do encourage intrepid users to test the waters by opening up pools with us, using small amounts of liquidity and favorable FTM/XRLC ratios, to see what the demand and price for our token might be. In fact, nobody can prevent users and exchanges from speculating and providing liquidity of an ERC20 token.
Please note that, as said before, we plan to BURN all of the $XRLC spent on the purchase of the Artifacts. This will ensure an extremely low circulating supply of $XRLC and a positive price pressure; also, by taking up to 1222 Low rarity fantom Lords out of circulation, our main collection’s floor price will not suffer from increased supply like many other projects that release additional collections. Moreover, Fantom Lords are going to continue to stay relevant in our ecosystem.
Chapter 2: from the Ascension phase to the Dungeon GameFi
As previously stated, we plan to allocate an increasing portion of our token rewards to Ascended Lords. This will not happen immediately, but after at least a decent portion of Ascended Lords has been minted. This should keep up the interest high in the collection, and help contrast the slowly increasing bonding-curve price in the meanwhile.
At the end of the Ascension phase, we plan to sharply reduce the price of minting Artifacts and reset their bonding curve: burning an Artifact after the Ascension phase will serve the purpose to change Name and/or Description of your Ascended Lords. On-chain lorebuilding everyone! As previously stated, we plan to allocate an increasing portion of our token rewards to Ascended Lords. This will not happen immediately, but after at least a decent portion of Ascended Lords has been minted. This should keep up the interest high in the collection, and help contrast the slowly increasing bonding-curve price in the meanwhile.
Consider that, once the Dungeon GameFi will be released, Artifacts will be used for unlocking extended daily runs and much more (see Chapter 4 details below).
Chapter 3: Fantom Lords ecosystem
Fantom Lords love to have lots of frens: once the Ascension phase is complete, we plan to introduce newcomers artists and stakeholders to our ecosystem in order to build a sort of Launchpad platform. This means that, if our voting community decides so, new projects and artists could join our Stronghold and benefit from our emissions. Viceversa, This in turn could come with an exchange of listings: we would swap our token emissions with another project’s token emissions, so that a new hosted NFT collection will be stakeable through our stronghold, and our collections will be stakeable in the partner’s platform. All of our plans are oriented to increase our network, build the ecosystem with and for the community, and give utility and positive price pressure to our token and our collections!
Chapter 4: enter The Dungeon
TBD for a future, standalone article, since the game is still taking shape and there would be lots and lots of details to discuss!
