Not Just Another Profile Picture NFT — But a Passive Income Generator
Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.
Introducing the Buy-to-Earn Concept
It is no secret that most NFTs on the Avalanche Blockchain usually come with royalty rewards and AvaSharks are no exception. Yet, we have chosen to do things a little different by introducing the concept of buy-to-earn or “B2E”. It means exactly what is sounds like – all you need to do to earn is buy and hold a Shark NFT.
No staking, no depositing, and most importantly, no redundant tasks (like compounding, upgrading, rinse, and repeat). It is just that easy — mint a Shark and you will earn a percentage of the royalties from the secondary marketplace sales so long as you hold the Shark NFT in your wallet. It doesn’t stop there because you will also earn a percentage of all the fees generated from the Atlantis Gate — the future home of our gaming platform.
Wait, so no staking? It’s that simple? Yes, but probably nothing.
The ever-popular “Stake-to-earn” has grown into a powerful trend in the DeFi space, featured in more and more NFT projects. While everyone is chasing the latest trend, AvaSharks are taking passive income in an entirely different direction with the B2E concept. We are taking a tried-and-true royalty rewards system and putting our AvaSharks spin on it.
B2E Made Possible with Atlantis Gate
Our collection of 10,000 fully-rigged, 3D, anthropomorphic Shark NFTs will live on Atlantis Gate, the first ever betting platform on the Avalanche blockchain.
Atlantis Gate is the bread and butter of the AvaSharks ecosystem. We all know how popular AND lucrative online wagering is, however, Avalanche has yet to see a wagering and gaming platform launch on the blockchain. Atlantis Gate will be the first of its kind on Avalanche.
With Avasharks, the Time Has Come
Our mission is to transform Atlantis Gate into a “one-stop-shop” gaming platform that will put Avalanche on the map as the top destination within the blockchain betting industry.
The platform’s humble beginning will start with the coin flip game where players gather to bet against one another.
As we expand both our team & our revenue streams, we will eventually be adding on all sorts of unique and fun betting games and platforms such as Shark racing, roulette, slots and much more.
Revenue Sharing Scheme
First three months of operations:
100% of project revenue will be equally distributed to all AvaShark holders every month for three months, meaning that AvaShark holders will benefit from passive income as long as they hold the NFT.
After the first three months
After approximately 90-days, the revenue shares will be reduced to a more sustainable level, as shown below.
2.5% royalty will go towards Shark holders, and 2.5% will go towards the Aquarium.
Every quarter a percentage of the bank vault will be distributed to shark holders and ticket holders in the form of a lottery. Lottery ticket holders will be an additional stream of revenue. Rarity will affect the lottery ticket distribution, which is laid out in detail in our white paper.
Don’t miss your chance to be an early supporter of the AvaSharks and the Atlantis Gate gambling platform. All holders begin earning passive income immediately (airdropped weekly), and will receive a Gen2 AvaShark airdropped at a rate of 1:1 - once the second generation is released.
After our mint closes on February 26th at 9 PM UTC, all remaining sharks will be burned forever. All AvaShark NFTs that are burned will be removed from the lottery, thus increasing the shark-holder community’s chance of winning the quarterly lottery events!
To learn more, follow us on Twitter, visit our website, or come say hello in our Discord!