The Buy-to-Earn Strategy is a concept that allows you to invest and earn money at the same time.
AvaSharks are no exception to the rule that most NFTs on the Avalanche Blockchain come with royalty payouts. Yet, by introducing the concept of “buy-to-earn,” or “B2E,” we’ve chosen to approach things a bit differently. All you have to do to earn is buy and hold a Shark NFT, which is exactly what it sounds like.
There will be no staking, depositing, or, most importantly, duplicate tasks (like compounding, upgrading, rinse, and repeat). It’s that simple: mint a Shark, and for as long as you keep the Shark NFT in your wallet, you’ll get a percentage of the royalties from secondary marketplace sales. It doesn’t end there: you’ll also get a cut of any fees earned by the Atlantis Gate, which will be the future home of our gaming platform.
So there’s no staking? Isn’t it that easy? Yes, but most likely nothing.
“Stake-to-earn” has become a major trend in the DeFi area, with more and more NFT initiatives incorporating it. While everyone is pursuing the newest trend, AvaSharks is using the B2E concept to take passive income in a whole different path. We’re putting our own AvaSharks spin on a tried-and-true royalty incentives scheme.
With Atlantis Gate, B2E is now a reality.
Atlantis Gate, the first ever betting platform on the Avalanche blockchain, will host our collection of 10,000 completely rigged, 3D, anthropomorphic Shark NFTs.
The AvaSharks ecosystem’s bread and butter is Atlantis Gate. We all know how popular and profitable internet wagering is, but Avalanche has yet to see a blockchain-based gambling and gaming network arise. On Avalanche, Atlantis Gate will be the first of its type.
The Time Has Come for Avasharks
Our goal is to turn Atlantis Gate into a “one-stop-shop” gaming platform that will help Avalanche establish itself as the leading blockchain betting destination.
The platform’s humble beginnings will begin with a coin flip game in which players compete against one another.
As our crew and revenue streams grow, we’ll be able to provide a variety of unique and entertaining betting games and platforms, like shark racing, roulette, slots, and much more.
Scheme for Revenue Sharing
The first three months of operations were as follows:
Every month for three months, 100 percent of project revenue will be dispersed equally to all AvaShark holders, implying that AvaShark holders will profit from passive income as long as they hold the NFT.
Following the first three months,
The revenue shares will be decreased to a more sustainable amount after about 90 days, as stated below.
Sales of Aftermarket Items
The Aquarium will receive 2.5 percent of the royalty, while Shark holders will receive 2.5 percent.
Tickets for the lottery
Every quarter, a lottery will be held to divide a percentage of the bank vault to shark and ticket holders. Lottery ticket holders will provide a new source of money. The allocation of lottery tickets will be affected by rarity, as detailed in our white paper.
Don’t miss out on the chance to be a part of the AvaSharks and the Atlantis Gate gambling platform from the beginning. Once the second generation is published, all holders will receive a 1:1 airdrop of a Gen2 AvaShark, which will begin collecting passive revenue immediately (airdropped weekly).
All remaining sharks will be incinerated permanently after our mint closes on February 26th at 9 p.m. UTC. All burned AvaShark NFTs will be removed from the lottery, boosting the chances of the shark-holder community winning the quarterly lottery events!
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.