¿VFTLAB ?🧪🃏
The M4L team is constantly thinking in new ways to give value to the entire ecosystem, and to get some fun as well. The VFTLAB is just one of those amazing ideas, and i know you are anxious because the new UI and the last announcement of the VFTLAB.
I will try to not make a big spoiler today of what's coming and divide that FOMO into many posts.
The VFTLAB essentially is a NFT farm powered by VIBES and many other partnered coins.
Elements of the VFTLAB
- VIBES
- VFT
- ALTCOINS
- ART AND MUSIC NFTs
- HIVE AND WAX BLOCKCHAIN
Basically these are the elemental parts of this new project, lets have a look on the flow of the interaction and some little tokenomics info.
- Lets say theres a regular VIBES user who doesnt want to sell his coins, though he dont want to stake them in the spectacular M4L tribe.
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- This user will have the chance to go to the VFTLAB webpage, and the first thing he will be asked is to optionally add his WAX address.
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- After that, the user will see many options to STAKE coins (final list haven't been published yet and will have changes constantly). This stake will make this user eligible to receive a new token called "VFT" with a fixed daily supply (globally)
A little % of the coins deposited except for vibes, will be taken as a fee deposit, this will have an impact in the vibes tokenomics because will be used to buy and burn vibes plus development fund.
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- The user after X time will have the option to HARVEST/CLAIM his VFT. This token can be used to buy very rare and limited NFTs that will be available in the frontend of the lab or be sold in the HIVE ENGINE market.
initially they will be only art, as soon as we get the key to do music nfts on the wax blockchain we have a lot of cool ideas to integrate within the system.
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- The NFTs will be received in your WAX wallet, esentially you can collect them or sell them.
We are gonna fight for a level 2 verification which will open a lot of windows to give these NFTs an extra value in the atomhub market.
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In the long term, the AL team will develop an arcade in which you can stake NFTs, all the AL projects NFTs will be included in this arcade to generate rewards.
More info about each step of the flow will be available in the next posts :) Stay tuned and always spread good vibes!
SOCIAL MEDIA 🎶
Thanks for detailing out the steps.
How easy is it to set up a "wax" account or is this already connected via Hive? Or do you just need a pre-existing wallet to connect to e.g. Metamask?
I'm looking forward to seeing how the music NFTs would work and collecting some fun things too!
Its really easy! i used google to create one, took like 1 minute to create my first wax wallet.
Ah thanks! That's good to know! I'll check it out nearer the time you release the VFTs and set it up then!
wow wow woooow calmaaa viejoo, realmente es excelente el trabajo que estan realizando, ya quiero tener mi NFT de M4L ademas de poder participar en ese nuevo proyecto para seguir creciendo esta plataforma... Que vengan mas nuevos proyectos ya que serán aparte de una fuente de ingreso sera una manera divertidad para ganarlos.
Como siempre gracias equipo M4L y AL espero en un año que esto y mas proyectos estén viento en popa
Another fantastic update. I really look forward to it. I will have liquid VIBES, Hive ready
Thanks for the update. If you stake in VIBES in the VFTLab, then how long would it take to remove the VIBES from the lab? I am just wondering about what we would consider the normal "power down" time.
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Thanks for your excelent job, long life to AL team, I preciate a lot all your proyects
That looks amazing, I'm really waiting for it!
Wow, lots of great news! Storing VIBES will only have advantages! No selling!
will definitely try to get into this...apart from only understanding about 12% of the post.....
12% is 12 times better than 0 !! hehe :)
true that!
I have some questions
Will this be similar to BRO?
How long will it take to launch approx?
What do you recommend with VIBES now. Keep liquid or stake?
Mmm nop i dont think is similar to BRO. Its more similar to a mix between CUB and NFTs
This post has been manually curated by Jux from Rising Star on behalf of #musicforlife.
The NFT based music career game built on HIVE
Just stumbled across this post, and now you have me EXCITED! Love the ideas and I will be farming some NFTs with my VIBES for sure! Keep up the great work! Followed!