All New Golden, Silver and Copper NFTs for KAKA’s House of Alchemy
KAKA has been working on the House of Alchemy event, soon launching on the KAKA website for further notice. The House of Alchemy is a new era for $KAKA tokens, and it brings token holders a fun experience while Burn & Mint. Users can mint particular types of NFTs by burning different amounts of $KAKA tokens.
What is House of Alchemy?
In the KA Rabbit universe, there is a legend that skilled alchemists guard a House of Alchemy that can create wealth. Within this House of Alchemy, $KAKA can be minted into three different types of NFT, golden, silver and copper, and these NFTs will help the dreams of wealth come true. Aside from these, you can win the rights to a secret treasure when minting these NFTs and get the opportunity to find the ultimate prize.
How to Get Three NFTs
1. Golden NFT requires 10,000 $KAKA for minting.
2. Silver NFT requires 2,000 $KAKA for minting.
3. Copper NFT requires 300 $KAKA for minting.
The Purpose of the Unique NFTs
There are three FOMO prize pools in the alchemy contract of each golden, silver and copper NFTs. At the end of the countdown, whoever minted the NFT can receive the $KAKA in the bonus pool. Three types of NFTs can support transfers and transactions and be listed on secondary NFT exchanges. Before the end of the countdown at the alchemy house, holders of these golden, silver and copper NFTs can receive a dividend of $KAKA consumed by subsequent people who mint these NFTs. KAKA will reveal more mysterious functions in the future.
Rules for the House of Alchemy
The House of Alchemy has three unique prize pool NFTs with rewards.
1.The golden prize pool NFT contains 50,000 $KAKA rewards. The countdown ends in 48 hours. The last address to mint a golden NFT before the countdown ends will receive the golden prize pool.
2. The silver prize pool NFT contains 10,000 $KAKA rewards. The countdown lasts 24 hours. The final address before the countdown ends to mint a silver NFT will receive the silver prize pool.
3. The copper prize pool NFT contains 3000 $KAKA rewards. The countdown of the copper one is the same as that of silver, while the final minter receives the copper prize pool instead.
Distribution of $KAKA in Minting NFTs
Regardless of the NFT casting of golden, silver and copper, the consumed $KAKA will be distributed under the same circumstances:
a) 50% is burnt
b) 20% enters the corresponding prize pool contract
c) The remaining 30% of the $KAKA is allocated to previous NFT minters who hold the corresponding golden, silver and copper NFTs.
The exact amount allocated based on the weight of the corresponding address is related to the number of NFTs held.
Trading of the Golden, Silver and Copper NFTs
The NFT minted from KAKA’s House of Alchemy by golden, silver and copper holders can be traded on multiple secondary markets. As for now, KAKA has cooperated with Binance NFT and Treasureland. These NFT holders can list their desired NFTs in their secondary market. Later on, KAKA will explore more potential corporations for NFT trading to provide KAKA’s NFT holders with more liquidity.
About KAKA NFT World
KAKA NFT WORLD is a competitive gaming ecosystem platform focusing on the metaverse blockchain gaming sector. It is committed to combining the application of NFT+DEFI in the ecosystem, constructing a cross-chain bridge based on the concept of global decentralization, integrating various IPs of global brands, and creating Decentralized Autonomous Management (DAO). It aims to create a prediction agreement perpendicular to the e-sports prediction market, and an open, transparent, decentralized, and complete project for the ecosystem. The main sectors are divided into the two following categories: providing services such as R&D, sales, trading, circulation, e-sports, and trendy games for game and art NFTs; focusing on the prediction market in the field of e-sports (Prediction Market).