INTRODUCING
THE 3 FOCAL VERTICES ON SOLANA
$MINE
$DELIGHTS SPL404
MINE DELIGHTS NFT BLENDER + BURNER
THE 3 FOCAL VERTICES ON SOLANA
$MINE
$DELIGHTS SPL404
MINE DELIGHTS NFT BLENDER + BURNER
Common NFT can be swapped for 10,000 $DELIGHTS
Rare NFT can be swapped for 15,000 $DELIGHTS
Mythic NFT can be swapped for 20,000 $DELIGHTS
1/1 NFT can be swapped for 50,000 $DELIGHTS
A conversion fee of 100 $DELIGHTS applies
100 $DELIGHTS goes to the Project Treasury
Provide liquidity in exchange for a share of the trading fees
Trade on any decentralized or centralized platform
Can be swapped for a Common NFT
Can be swapped for a Rare NFT
Can be swapped for a Mythic NFT
Can be swapped for a 1/1 NFT
A 3.33% Royalty Fee for NFT Marketplaces
Trade on any marketplace that enforces royalties on token extension NFTs
Hold Delights NFTs for its utility or holder rewards
Please reach us if you cannot find an answer to your question.
Hybrid NFTs, also known as SPL404s, are a new class of NFTs that blend the traditional collectible aspects of NFTs with functionalities typical of standard tokens used in DeFi. These NFTs can be converted to and from tokens, making them more flexible and tradable compared to traditional NFTs.
Unlike standard NFTs, Hybrid NFTs can be easily swapped for tokens and vice versa. This dual functionality allows for greater liquidity and the opportunity for arbitrage between the NFT and token prices. Additionally, each conversion reshuffles the traits of the NFT, introducing new combinations and adding an element of surprise and gamification to the collecting experience.
Conversions between NFTs and tokens are facilitated through a dedicated Dapp, such as the solsniper.xyz/delights/conversion. This Dapp backs every NFT with liquidity, with rarer NFTs receiving more liquidity. The conversion rates are fixed and do not change over time.
Common Delights: 10,000 $DELIGHTS
Rare Delights: 15,000 $DELIGHTS
Mythic Delights: 20,000 $DELIGHTS
1/1 DELIGHTS: 50,000 $DELIGHTS
Can Hybrid NFTs be traded on secondary markets? Yes, Hybrid NFTs like Delights can be traded on secondary markets. They function as traditional SOL NFTs with 100% IP rights granted to the holder, making them fully tradeable.
SPL-20 tokens, in this context referred to as $DELIGHTS, are tokens that can be traded on decentralized exchanges like Raydium. These tokens are derived from converting Hybrid NFTs and can be used within the DeFi ecosystem.
The conversion Dapp is a crucial component that allows for the seamless swap between NFTs and SPL-20 tokens. It ensures that every NFT is backed with adequate liquidity and that the conversion rates remain stable and unchanged perpetually.
The rarity of an NFT directly impacts the amount of liquidity it is backed with. Rarer NFTs, such as Mythic Delights or 1/1 Delights, are backed with significantly more liquidity, reflecting their higher value and scarcity.
Hybrid NFTs offer the chance to engage in a more dynamic and flexible market. The ease of conversion between NFTs and tokens provides quick liquidity, opportunities for arbitrage, and a gamified collecting experience that can potentially lead to higher rewards for owning rarer and more desirable NFTs.
$MINE is the governance token of Mine Delights and will be utilized in DAOs for community voting rights in order to shape the future of Mine Delights.
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