Tokens

We describe the NFT and the other two tokens.

NKP is a multi-token system consisting of NewKlayPunks NFT, PUNK, and POTION NFT. POTION is operated as a smart contract to ensure the stability of PUNK.

PUNK

PUNK is designed for NFT users to use services provided by TOKEN Mining and NewKlayPunks. The value of PUNK is set to increase as the place of use and content expand. However, this does not necessarily mean that the price of PUNK will go up. Therefore, users should be aware of this and pay attention.

PUNK PORTION(NFT)

100 PUNK: Set as 1 KLAY It is possible to purchase with two tokens, PUNK and KLAY.

Price when POTION is based on 100:1 (PUNK / 4 that can be received per 1DAY 1NFT) = a PUNK

KLAY and PUNK price ratio is an example) 10:1 maximum (Min Potion price)

(20% of PUNK that can be received per 1DAY 1NFT = b PUNK) = Price of up to 20% of 1NFT daily mining amount

KLAY and PUNK price ratio is an example) Example 500:1 (Max Potion price)

(80% of PUNK that can be received per 1DAY 1NFT = c PUNK) = Up to 80% price of 1NFT mined per day

Selling price in KLAY 1/100 PUNK = n KLAY price

There is a team-specific NFT deposit system. Potion will belong to 1 NFT of each NFT Team.

The maximum number of Potion NFTs attributable to each NFT is 3.

The price is determined by the PUNK and KLAY ratio. It is updated once every hour.

It is a policy to control inflation and at the same time stabilize PUNK's price.