Some special collectible NFT issued by the Lyra team come with an attached rewards as a daily payout to the NFT instance owner’s account. The amount of the payout depends on the NFT type and balance of the account:
100% APR of daily average account balance, calculated and paid daily, for at least 1 year; minimum balance requirement for receiving daily reward is 5M LYR.
50,000 LYR, paid in daily installments (137 LYR / day) over 1 year; no minimum balance requirements.
50% APR of daily average account balance, calculated and paid daily, for at least 1 year; minimum balance requirement for receiving daily reward is 500K LYR.
25,000 LYR, paid in daily installments (68.50 LYR / day) over 1 year; no minimum balance requirements.
25% APR of daily average account balance, calculated and paid daily; minimum balance requirement for receiving daily reward is 50K LYR.
12,500 LYR, paid in daily installments (34.25 LYR / day) over 1 year; no minimum balance requirements.
Multiple instances of different types of Lyra Collectible NFT can be active on a single account, i.e. if the account owns more than one type of NFT, all of them will be counted when distributing rewards. For example, if an account contains both Lyra/Alpha and Lyra/Beta NFT instances, the account will be receiving 100% + 50% = 150% APR and 50,000 + 25,000 = 75,000 LYR.
Appreciate early Lyra supporters
Demonstrate Lyra abilities to generate and support multiple various tokens through distribution of collectible NFT, and the power and the purpose of collectible NFT
Make collectible NFT a more desirable and valuable asset
Create an incentive for LYR stakeholders to continue holding their balances
The reward payouts are calculated and distributed daily, for at least one year since token issuance, and afterwards until the incentive fund ends. The incentive fund is formed from a reserve fund to ensure all issued Collectible NFT are paid off for at least one year based on the current and projected total circulation, and in the future can be replenished if necessary and if approved by a supermajority of the authorizers.
The distribution process is semi-automatic at the beginning (initiated by the operator), and will be implemented as a fully automatic (smart contract) as soon as possible.
The only action required from the Collectible NFT recipient is creating Lyra wallet and providing Lyra Account Id to the Lyra team. The daily payouts are calculated and transferred automatically to the account.
The first Lyra collectible NFT with attached rewards will be created as a "mainnet launch memorabilia":
Lyra/Alpha.MainnetLaunch - 100 instances
Lyra/Beta.MainnetLaunch - 200 instances
Lyra/Gamma.MainnetLaunch - 600 instances
Each collectible NFT instance has a unique serial number.
If any instances are remaining after all eligible participants are awarded, they can be purchased by any users. The initial price:
Lyra/Alpha.MainnetLaunch: 10M LYR
Lyra/Beta.MainnetLaunch: 5M LYR
Lyra/Gamma.MainnetLaunch: 2.5M LYR
Lyra mainnet launch memorabilia tokens will be awarded as the following:
Core team members, advisors, all team members who joined Lyra project before the mainnet launch (September 30th), participants of the early Graft swap (before mainnet launch), active community members - early Lyra supporters, early testnet node operators, individuals who helped Lyra before mainnet launch (such as AMA organizers).
All team members who joined Lyra project after the mainnet launch, participants of the second round of Graft swap (after mainnet launch), active community members - Lyra supporters who joined after mainnet launch, individuals who helped Lyra after mainnet launch (such as exchange representatives who helped with the listings, AMA providers), mainnet and testnet node operators joined after the mainnet launch.
Lyra AMA award winners, bounty campaign participants.
Individuals who provided an outstanding service to Lyra project can be awarded with more than one instance of the same or different token type, on the team's discretion.
Collectible NFT instances, as any Lyra tokens, either fungible or non-fungible, can be transferred between accounts. They also will be tradeable once Lyra DEX and LyraSwap are operational. The instances become active on a new account right after the transaction (transfer or trade), i.e. the balance of the recipient's account will be counted when calculating the daily reward, and the recipient's account will start receiving rewards automatically.