NFTs

The general idea of how NFTs will work is explained in the ICE Genesis NFT Collection section. This section will focus some of the details of ICE Genesis Components and ICE Genesis NFT collection.

ICE Genesis Components

Producing components is the first step of minting your ICE Genesis NFT. Components will first be bought with $ICE token, and then, they will be rewarded to users staking ICD/Matic LP in our protocol.

There are 8 different components required to mint a genesis NFT.

1- Background 2- Torso 3- Arms 4- Head 5- Mouth 6- Nose 7- Eyes 8- Hair Each component have different rarity models such as golden arm or a silver arm. And higher rarity components provide more allocation when printing ICE Dollar. Allocation points of 8 different components are summed up when you mint your genesis NFT. Components alone cannot grant you a yield unless you mint the Genesis NFT; however, the components can still be sold on Opensea.

ICE Genesis NFTs

These will be the final form of your NFTs when you assemble your components. They will be used for staking and printing ICD token in expansion epochs. The standard for these NFTs is ERC 721, and they can be sold on Opensea just like components. These NFTs will be the most valuable asset in the protocol due to their passive income model.

Royalty Fees

Both NFTs will have a royalty fee of 5% on Opensea. These fees will be accumulated in the DAO fund as a collateral, and they will be used to increase the price of xMatic if the peg cannot be sustained with other mechanisms.