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Last updated
Quarkduck NFT: A Peer-to-Peer AFT Allocation System
Introducing the pioneering NFT miner for AVM Fungible Tokens (AFT) on the Atomicals Protocol. Should you choose to partake in this innovative venture, we urge you to familiarize yourself meticulously with the rules outlined below.
Overview:
The emergence of AVM marks a pivotal shift in the Bitcoin ecosystem, ushering in an unprecedented era. To facilitate this transition, we have earmarked 10,000 Quarkduck NFTs as the vanguards of AFT distribution within the Atomicals community. The primary aim is to commence the allocation of AFT points prior to the finalization of AVM's development, ensuring a seamless automatic distribution upon its official launch.
Game Mechanics:
A finite collection of 10,000 Quarkduck NFTs exists, each serving dual roles as a Profile Picture (PFP) and an NFT miner.
Distribution of Quarkduck NFTs to the Atomicals community members will be executed via Dmint.
The designation for AFT, tentatively dubbed "Quarkduck Points," is pending finalization. A grand total of 210 billion tokens will be up for grabs. Quarkduck NFTs will mine statistical points across 10,000 blocks, with token allocation proportionate to the accrued points.
Mining commences from the inception of each Quarkduck NFT. Concurrent with the generation of each Bitcoin block, Quarkduck Points will be awarded to Quarkduck NFT holders, ceasing after 10,000 blocks.
The accumulation of Quarkduck Points is progressive—the greater the number of Quarkduck NFTs one possesses, the larger the reward. There are no restrictions on the quantity of Quarkduck NFTs a single address can hold.
Quarkduck Points distribution will manifest in four variants: flat, incentive-based, random, and boosted.
Quarkduck Points Allocation & Distribution:
Flat: Each Quarkduck NFT garners a uniform reward of 10,000 Quarkduck Points per block.
Incentive: ●Early Bird Incentives: Early participants will benefit from a multiplier boost to their Quarkduck Points, ranging from 2x to 8x. The multiplier begins at 8x and diminishes by one with each incentive cycle (equivalent to 144 blocks), bottoming out at 2x. For instance, the initial cycle post-mint will yield 8x10,000 Quarkduck Points per block, with subsequent cycles decreasing sequentially until the seventh cycle concludes.
●Diamond Hand Incentives: In the concluding phases of point mining, there are 14 incentive cycles, beginning with a 1.5 times multiplier and escalating by 0.5 times each cycle until reaching an 8 times multiplier. For instance, during the final cycle (mining blocks 9856 to 10000), each block will yield 80,000 Quarkduck Points. The cycle immediately before this (mining blocks 9711 to 9855) will produce 75,000 Quarkduck Points per block, continuing in this manner down to the fourteenth cycle from the end.
Random: Random rewards hinge on two factors: the attributes of your Quarkduck and the block hash value. If your Quarkduck's lucky number aligns with the block's lucky value, it mines an additional 160,000 Quarkduck Points in that block.
Block Lucky Number: Calculated as the last four hexadecimal digits of the block hash converted to decimal, modulo 21.
Quarkduck series, subject to data queried on the official website.
Boosted: A singular boost will be accessible to all Quarkduck NFT holders. Further details will be disclosed subsequently.
