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MESSIER to Hold NFT Auction on January 12th
MESSIER will hold an auction for all Messier Object NFTs on January 12th at 6 pm UTC. The auction will run for a total of 110 hours, so the auction will end on January 16th.
Event date: January 12 to 16, 2024 UTC
M E S S I E R | M87
@MessierM87
@MessierM87
Unique Strategies & Benefits: 📊
▪️ Initially, Messier Object #NFTs are available exclusively via an 110-hour auction, purchasable only with #M87 tokens. This could increase the demand for the token.
▪️ All #M87 tokens used for purchasing these NFTs are sent to a burn address, permanently reducing the circulating supply and increasing scarcity.
▪️ The staking power of each #NFT is tied to the amount of #M87 tokens spent on it during the auction, with power equivalent to the number of tokens used.
▪️ Owning a Messier Object NFT entitles you to a 12.13% distribution reward from the $MTT pool and an additional 0.87% from the $MOTT pool after each cycle, by keeping the NFT in your wallet.
▪️ While single #M87 stakers have a cap of 2% of the total supply, owning one or more Messier Object NFTs increases your staking power.
▪️ Messier Objects are permanently Dark Listed, qualifying their holders for exclusive Supernova rewards.
▪️ Messier Object NFTs feature in a special section of Virgo's interface, showcasing their value and owner.
▪️ Post-auction, these NFTs can be sold only on the #DAO marketplace for $ETH, ensuring no impact on the #M87 token’s value from sales.
▪️ Selling any of the 110 unique Messier Object NFTs incurs a 4% utility fee, which goes to the VirgoDAO’s treasury.
Auction Details 🧵👇
▪️ Initially, Messier Object #NFTs are available exclusively via an 110-hour auction, purchasable only with #M87 tokens. This could increase the demand for the token.
▪️ All #M87 tokens used for purchasing these NFTs are sent to a burn address, permanently reducing the circulating supply and increasing scarcity.
▪️ The staking power of each #NFT is tied to the amount of #M87 tokens spent on it during the auction, with power equivalent to the number of tokens used.
▪️ Owning a Messier Object NFT entitles you to a 12.13% distribution reward from the $MTT pool and an additional 0.87% from the $MOTT pool after each cycle, by keeping the NFT in your wallet.
▪️ While single #M87 stakers have a cap of 2% of the total supply, owning one or more Messier Object NFTs increases your staking power.
▪️ Messier Objects are permanently Dark Listed, qualifying their holders for exclusive Supernova rewards.
▪️ Messier Object NFTs feature in a special section of Virgo's interface, showcasing their value and owner.
▪️ Post-auction, these NFTs can be sold only on the #DAO marketplace for $ETH, ensuring no impact on the #M87 token’s value from sales.
▪️ Selling any of the 110 unique Messier Object NFTs incurs a 4% utility fee, which goes to the VirgoDAO’s treasury.
Auction Details 🧵👇
M E S S I E R | M87
@MessierM87
@MessierM87
Auction Details: 🧑⚖️
▪️ The auction will start on january 12, 2024, at 6 pm (UTC).
▪️ All Messier Object #NFTs will be auctioned simultaneously for a duration of 110 hours.
▪️ If a bid is placed in the final 87 minutes, the countdown will reset to 87 minutes. This prevents…
▪️ The auction will start on january 12, 2024, at 6 pm (UTC).
▪️ All Messier Object #NFTs will be auctioned simultaneously for a duration of 110 hours.
▪️ If a bid is placed in the final 87 minutes, the countdown will reset to 87 minutes. This prevents…
The event is about to begin
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