What is NFTama and what are the "assets"?
On the platform, an asset is a virtual safe.
The safe rewards BNB and AMA2.
Each safe has a weight. This weight determines its share of all safes on the platform.
Share = your weight / total weight of all safes
The larger your share, the higher your reward within the overall reward distribution.
How income is generated
The staking reward is distributed among all safes proportionally to their weight.
Simple example: if your safe provides 1% of the total weight of all safes, you receive approximately 1% of the total distributed AMA2 (Amatu) reward.
The “opening” and “aging” of safes
New safes periodically open with maximum weight and a high price, and then gradually age: their weight and cost decrease.
The earlier a safe is bought and the higher its weight, the larger the potential share and reward.
Epochs: when safes become more expensive and open less often
The platform has a threshold based on the total weight of all safes. When the total weight exceeds that threshold, a new epoch begins.
- new safes generally become more expensive;
- new safes open less often;
- in early epochs it is easier to buy a safe with good weight in time.
Where to get a safe
- Buy a new safe on the platform for BNB. This is a safe from the moment it opens, usually with maximum starting weight and a corresponding price.
- Buy a safe from another user. You may find cheaper options there, but such a safe may also have lower weight.
Upgrades: how to increase a safe’s weight for AMA2
A safe can be upgraded using AMA2. The upgrade increases its weight, which means its share among all safes and its potential reward also grow.
Quick start: step-by-step instructions
Prepare BNB. BNB is needed to buy a safe and to pay BNB Smart Chain network fees.
- buy BNB on an exchange or in wallets that support purchases;
- when withdrawing, choose the BNB Smart Chain network (BSC / BEP-20);
- do not send BNB on another network, otherwise the funds may not arrive.
Top up your BNB wallet. Each account is assigned a deposit address. Send BNB to this wallet to top up your balance on nftama.io.
Choose how to buy a safe. You can buy a new safe for BNB or choose an option from users based on price and current weight.
After purchase, the safe starts participating in accruals. After that, you hold the safe and periodically claim rewards.
If you want, upgrade the safe using AMA2. This increases the safe's weight and its potential share in reward distribution.
- The safe's weight determines your share and the size of your rewards.
- New safes are usually more expensive, but their starting weight is higher.
- Older safes may cost less, but their weight is lower too.
- Epochs increase the cost of new safes and reduce how often they open.
- AMA2 upgrades help increase weight and potential income.