You have waited for this moment for a long time. Now, we will share some details about Limited Biswap NFT Collectibles! Are you ready? Let’s begin!
What are Biswap NFT Collectibles?
📆Release: Fall 2022
Biswap NFT Collectibles — a limited edition of NFTs that can only be acquired through burning Biswap Robbies Earn NFTs or Biswap Squid Players and Biswap Squid Buses NFTs. There will be a total of 300 unique NFTs of 5 levels.
Benefits for Holders of NFT Collectibles | Discover Exclusive offers!
Unique NFTs bring exclusive opportunities! Let’s see what you can expect:
- Up to 15% Cashback
- Bonus Double Launchpool with High APR
- Up to 1% Referral Rewards Increase
Intrigued? Let’s take a closer look at each benefit!
💸 Cashback — Enjoy More Crypto!
It’s a feature that will only be available for NFT Collectibles holders. Cashback is similar to Fee Return, with the difference that for NFT Collectibles, the percentage of Cashback is tied to the level of the NFT. Cashback is accrued from the commission fee during the swap with whitelisted pairs to the ‘Cashback’ balance.
Review the tables below for details:
1. Cashback percentage depending on the NFT level for the first 6 months:
2. Cashback percentage depending on the NFT level after 6 months:
❗Please note the following:
- Owners of the NFT Collectibles receive both Fee Return and Cashback.
- Rewards are accrued to the Cashback Balance. A user will be able to view and withdraw Cashback on the Exchange tab.
- The max rewards limit resets on the 1st day of the month.
- Rewards are tied to the NFT Collectible, not to the user’s wallet.
You have an NFT Collectible of the 1st level with 10 000 BSW Cashback max limit per month. You’ve already received 5 000 BSW Cashback and then decided to sell your NFT or send it to another wallet. This NFT will still have only 5 000 BSW Cashback available until the end of the month.
The same thing happens if you decide to buy an NFT Collectible. If there’s only a certain reward amount left available or none at all, they will reset only on the 1st day of the following month.
💎 Bonus Double Launchpool — Special Offer!
New Double Launchpool will be released a month after the NFT Collectibles launch. This bonus feature is exclusively for NFT Collectibles owners. They will be able to stake a certain amount of BSW in the pool regarding the level of their NFT Collectibles:
Important Aspects to Keep in Mind:
❗If a user has several NFTs, their max BSW stake will be added up and displayed as the total max stake for that user.
A user has 7 NFTs of the 1st level. Therefore, the max stake for this user is 700 BSW.
❗However, keep in mind that if the user has staked 700 BSW and then decides to do one of these actions: Sell NFT, Auction NFT or Transfer NFT to a different wallet, the max stake amount will be changed.
A user staked a max of 700 BSW into the pool and then decided to transfer 1 NFT to another wallet. At the moment of the transaction, the max stake will be changed to 600 BSW; the extra 100 BSW will be unstaked from the pool.
📍More information about the Bonus Double Launchpool will be revealed soon. Stay tuned!
💰 Increased Referral Rewards — Immense Crypto Boost!
Another great advantage is only for the NFT Collectibles owners. Users will be able to enjoy the boost in their referral rewards! Depending on the level of the NFT on the user’s balance, the appropriate percentage of referral bonuses will be accrued to their current rewards percentage. Take a look at the table:
❗Be aware of the following:
- The amount of the NFTs does not affect the percentages. For example, if you have 2 NFT of the 1st level, you will still receive a 0.4% increase for swaps, not 0.8%.
- Bonus rewards are accrued for active NFT.
- The first minted NFT is considered “active”, but the user can change it in case he has more than 1 NFT.
How to Get an Exclusive NFT Collectible?
In simple terms, you will need to exchange your old NFTs to receive NFTs from Collectibles. The NFT exchange will be available on a separate tab in the NFT Earn section. NFT Collectibles are also of 5 different levels, so to get NFT of a certain level, there are some specific conditions:
1. Exchanging Biswap Robbies Earn is based on the number of RB in the sum of all the NFTs you want to burn. If the amount of RB required for a particular level is met, all NFTs and RB are burned, and the Biswap NFT Collectible of the appropriate level is minted.
2. When exchanging Biswap Squid Bus / Players NFTs, the number of SE in the sum of all NFTs you would like to burn and the capacity of the buses in total is considered. If the number of SE and Capacity required for a particular level are met, all NFTs and SE are burned, and the Biswap NFT Collectible of the appropriate level is minted.
❗It is important to note:
- The NFTs you want to burn must be in your wallet and not staked, on the auction or up for sale.
- There will be an additional requirement for minting NFT Collectibles. It will be disclosed at the launch date to prevent any suspicious activity.
- You can buy an NFT with RB only or SE + BUS.
- You can’t combine RB + SE in one transaction to mint NFT. You either burn Biswap Robbies Earn NFTs, or SE NFTs.
- For SE + BUS, you can store as many buses and players as you want.
NFT Collectibles Requirements
Review the requirements for NFT Collectibles of different levels in the table via this link:
❗Here are some crucial points regarding the table:
Count NFTs represents the number of NFTs that can be obtained for fulfilling specific criteria.
For example: the 1st requirement for 30 NFTs of the 1st level is 500 RB or 50 000 SE + 10 BUS (capacity) per NFT. Let’s say you want to get the 1st Level NFT Collectible; to be able to do so with the lower requirements, you need to be among the first 30 users to acquire the NFT of this level. If there are no more NFTs for this rate, the 2nd requirement is available next.
Therefore, the earlier you exchange for NFT Collectible, the cheaper it will cost you.
We hope we were able to satisfy your curiosity and shed light on some details. More information will be available before the release date. Stay tuned and get ready to exchange for an exclusive NFT! Remember, there is a limited number of NFT Collectibles, so be sure to prepare all required assets ahead of time.
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