Tokens
Learn about the tokenomics of the NFsTay's protocol.
Last updated
Learn about the tokenomics of the NFsTay's protocol.
Last updated
The STAY token represents unused nights from all properties from the NFsTay Portfolio. It is designed to be used as a medium of exchange within our Booking Platform. See it as credit to reserve stays in any properties on our website. See below all current and future use cases for our utility token STAYS.
1- Revenue Generation Through Liquidity Provision in Crypto: By supplying liquidity to decentralized exchanges (DEXs) and liquidity pools, investors can earn trading fees and rewards in the form of native tokens. Use STAY to provide liquidity in our STAY/USDC Liquidity Pool (LP) to earn rewards.
2- NFT Rewards Boost: Members can actively participate in our ecosystem and contribute to its growth and stability. In return for locking their tokens, users receive rewards in the form of additional tokens.
3- Medium of exchange on our NFT Marketplace: Use STAY to buy/sell ROCKS in the Marketplace.
4- Use STAYS for bookings in any property from the NFsTay Portfolio. Currently, STAY can already be used in Liverpool and Manchester. The project plans to expand to other major cities globally, bringing even more value to the community.
*Further use cases are being implemented, including but not limited to:
5- Property Management as a Service: Third-party property managers can hire NFsTay to handle the heavy work. This is a subscription model paid in STAY. We are already in BETA and should be rolling out this feature in full force very soon. Check the roadmap for more details.
6- Property Sourcing as a Service: Although we are always on the hunt for new properties, managing a single property in a separate location proved to be difficult without our own team on-site. Conversely, there is a heated market where we work as an intermediary between the Landlord and a third-party property manager. The fees are substantial and again, would have to be paid in STAYS. We are already running this service; the last thing that needs implementing is our token as the medium of exchange. Note that the STAY token's price varies according to demand.
Note that the STAY token varies in price according to demand.
NFsTay's NFTs (ROCKS) are one of the ways to measure the value of the entire NFsTay Protocol and tokenholder's trust in its ability to maintain a continuous and sustainable growth of the project. During epoch expansions, the protocol mints STAY and distributes it proportionally to all NFT holders who have staked their ROCKS in the Printer.
ROCKS holders have voting rights (governance) on proposals to improve the protocol and future use cases within NFsTay's ecosystem.
Our NFTs (ROCKS) have a maximum total supply of 7777 unique cryptographic tokens.
DAO Allocation: 77 ROCKS (≈1% of total supply)
Team Allocation: 777 ROCKS (≈10% of total supply)
The remaining 6923 ROCKS (≈89% of total supply) are allocated for Minting by investors at the mint price of $500 USDC.
