Moon Stamps is an upcoming collection of 5,000 Moon Stamps on the Ethereum blockchain.
Exact mint day and mint price are not determined yet, but according to the project’s website, the “first Moon Stamps will be free too mint, and after that price will increase gradually until all Moon Stamps are minted”.
The project itself consists of a collection of stamps divided into 5 different face values and three colors, meaning there are 15 different stamps available in total, as shown below:
The theme of the Moon Stamps is a tribute to the conquest of the moon. The first and only publicly revealed Moon Stamps as of now is a stylish drawing of “Sputnik”, the first human-made satellite to orbit the Earth.
The concept behind Moon Stamps it to reward holders of full collections, i.e. all face values and/or all face values of the same color (gold behind the rarest).
How does it work? It’s pretty straightforward: 80% of the royalties made on the secondary market are distributed back to a pool at the end of each month.
People that have staked their tokens can claim a part of the pool calculated on a daily amount. Holders of full collections get more rewards.
Rewards for full collections are divided into four tiers: “No color”, “Coral”, “Emerald”, and “Gold”, each one being given 22.5% of the pool. The remaining 10% of the pool are distributed within staked tokens that do not constitute a whole collection.
The maximum amount of existing collections for each color varies depending on their rarity, meaning that holders of a gold collection will get more rewards than holders of a coral or a emerald collection.
For instance, as the maximum amount of gold Moon Stamps collections is 100, the 22.5% will be divided into maximum 100 collections.
Likewise, the maximum possible amount of Moon Stamps collections with different colors (“No Color”) being 500, their 22.5% share will be divided into maximum 500 collections.
Of course, in reality numbers should be much lower, and it is extremely unlikely that at any moment all collections of a given color will be staked.
Assuming 1K ETH of volume monthly, the minimum monthly staking rewards can be calculated as follows:
This means that assuming 1K ETH monthly volume, holders of a whole gold collection (all gold face values of 1, 10, 20, 50 and 100) would get an impressive minimum amount of .18 ETH! And that’s assuming ALL gold collections are staked at the same time, which would most probably never happen.
The project was just launched a few days ago and is currently filling its whitelist for the first free to mint Moon Stamps.
It’s really exciting to see something different this time, with a genuinely original rewarding concept.
As we can see, the whole project revolves around the idea of decreasing available supply by inciting holders to stake their tokens instead of listing them to sell.
On the other hand, there is a high incentive also to trade them, as holders are rewarded based on the sales volume.
This whole mechanism constitutes a very intriguing tension between the benefits of staking vs trading and it will be very interesting to watch how this innovative mechanism will evolve.
The project’s founders also intend to set up a Community Wallet with proceeds from the sale, whose disposal will be decided by the holders themselves once the mint is complete.
We’ll surely keep an eye on this project development!
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