This system will achive following use case.
- Issue ERC20 tokens by locking a NFT. Initial token will be given to specified owners.
- Token holder can stake their token to Staking contract (with no lockup). Rewards will come from Auction below.
- Above token will be minted every day with 1% of the initial total supply.
- These newly minted ERC-20 tokens will be immediately auctioned off for ETH.
- The earnings will be distributed to the stakers in proportion to their stakes. Devs should have a reward fee of 5% on the auction
Offer following features:
- Lock an NFT
- Issue initial shares as ERC-20 tokens to various addresses as defined by the contract owner.
Offer a simple staking program for the ERC-20 tokens. Rewards will come from Auction.
Offer English auction with starting bid as 0.1 ETH.
Offer focal point of this defi system to triger following jobs.
- Fractionalize NFT
- Daily token mint
- Auction off newly minted token
- Distribute reward comes from Auction.