NRG Cards - Composable NFathleTes
Lap 3
Hello Athletes and Fans around the world! It is now the 3rd lap of the Tour de Particle and I tell you what things are really starting to heat up! So sit down, grab your popcorn and lets see what we have going on today.
*Just a disclaimer* this lap will pull heavily from the concepts in the previous two laps. If you are not yet familiar with CHALLENGE Cards and FAN Tokens, take this time to go back and read the previous laps.
And as a reminder, you can read a brief overview of all the laps with the SHE Teaches You About Dathletes post.
$NRG is a composable, DeFi collectible that allows for fans to lock up their Shenanigan assets to earn rewards while generating incentive for their favorite athletes!
Let’s break this down
Collectible
Drawing a strict resemblance from their rookie card, Wheaties boxes or shoe brands, NRG Cards allow for athletes to harness their greatest monetary asset, THEMSELVES! An NRG Card is a representation of the athlete's distinct image. Invest in the early success of your favorite athlete and be rewarded with rare digital collectibles that represent a piece of their athletic journey!
For all you athletes out there, $NRG Cards will turn you into supercharged, goal oriented, APY farming powerhouse. With the power of web3 all of this is possible!
So, let the shenanigans begin!
An $NRG Card is only as good as the challenges that make it up. In the First Lap, we equated challenges with goals, and how to properly align those goals for maximum efficiency as an athlete.
$NRG cards capture the story of an athlete’s consistent hard work to break through new ceilings. Giving you a chance to own a piece of this remarkable history. $NRG Cards represent a video ledger containing chronological attempts to complete their challenges.
Here are a few reasons an athlete would mint a new NRG card:
Learning a new skill
Competing in a tournament
Breaking a world record
Challenging an opponent to a duel⚔️
In this sense, NRG Cards allow for athletes to create groundbreaking incentives for themselves and their fans!
NRG Card Components
Challenges
Athletes are allowed to keep adding new challenges to their $NRG card indefinitely. An athlete can sometimes train for months in preparation for a single event, or spend years working on their abilities. NRG Cards utilize challenges to save days, months, or years of attempts into a single, transferable unit.
FAN Tokens
Apart from CHALLENGE Cards, $NRG Cards are also capable of containing the athlete’s respective FAN tokens.
When an NRG Card is purchased, FAN Tokens begin accumulating within the NRG Card. The longer the FAN tokens stay locked to that $NRG the more rewards the fan will incur. This incentivizes fans to hodl their fan tokens and support their respective athletes .
** NRG Cards have been given the ability to hold other tokens. You can read more about ERC998 in this blog post. **
Trading
NRG Cards (and any NFT with the ERC998 Standard) allow for batch trading. In a single transaction, an owner can send the NRG Card and all of its underlying assets as a collective unit. NRG Cards are a collection of separate assets but carry a higher trading value when left combined. Batch Trading will allow you to transfer all the assets as a whole without being forced to separate each asset separately saving you in transaction fees! .
SHE DeFi’s
With the power of De-fi, Fans and athletes are able to earn like never before. SHE DeFi’s how we look at the traditional trading card! By staking FAN tokens and CHALLENGEs to their respective $NRG Card, fans can earn rewards on their NFTs and increase its value at the same time.
SHE DeFi’s Rewards & Rankings
Reward System
Once an $NRG Card is purchased or transferred, a timer begins on the card. As time passes, the $NRG card will mint an increasing quantity of FAN tokens per second for the owner. When the card is sold, the timer and all bonuses reset. The fresh timer starts the moment the new owner receives their $NRG card.
Ranking System
Stake your FAN Tokens in the NRG Card to gain ranks. Ranks multiply the rewards generated from the NRG Card.
The amount of Fan Tokens needed for ranks is calculated at purchase based on variables like supply, potency, price, rarity, and FAN Token supply. Each NRG Card has 5 ranks available. As the rank increases so does the accrued rewards!
NRG Card Ranks
| Standard | 1x
| Bronze | 1.5x
| Silver | 2x
| Gold | 5x
| Platinum | 10x
Royal Fan: An $NRG Card containing all of its corresponding challenges attains the royal fan title. Having the royal fan title will increase the rewards multiplier, allowing FAN tokens to accrue twice as fast.
Platinum: Platinum is the 5th and final rank. A platinum card must have achieved all the previous ranks plus hold the royal fan title. These cards are the most sought after by collectors and give a 10x multiplier.
Rarity:
Just like your average collector card there is a sense of rarity behind these $NRG cards. When a new card is minted the athlete gets to choose how many cards are to be made. The less amount created the more rare and collectible it could potentially become. Beyond just the supply, you have the ability to increase the rarity by staking CHALLENGE and FAN tokens. Just like everything in this world the more rare it is the higher the value it will carry.