Overview of Roadmaps
- 2.Temporary Staking
- 3.First Airdrop: WL Mints
- 4.New Revenue Stream
- 5.Magpie Mamas
✅ Used the Magic Eden launchpad to mint 2,222 magpies.
✅ Listed the collection on Magic Eden secondary market.
We will be implementing a staking platform, but until that is available we are using a temporary airdrop system. 50% of secondary marketplace royalties (4.5% of the total sale) will be spread between holders. To be eligible, you cannot list any of your magpies on secondary markets. If you list any of your magpies, your wallet will be blacklisted and you will begin earning royalties in the following week. If you buy a magpie on secondary, it will not earn rewards until the next week. If you are holding other magpies you will still get earnings from those, as long as you don’t list. Payments are calculated from Sunday 11 pm EST to Sunday 11 pm EST and will be paid out on Mondays.
To estimate earnings you can use the following calculation:
Weekly Total Sales x 0.045 = Royalties to be split / Magpies in non-blacklisted wallets = Earnings per magpie
There are no exceptions to listing and delisting, this is only a temporary solution until the main staking platform is developed. We wanted to bring immediate utility to all holders.
As promised, those who were WL and minted will be receiving a unique airdrop. These will be delivered on March 10th or 11th.
Estimated 2 weeks following mint:
Each magpie has its own nest. Just like in the real world, Solana magpies also love bringing shiny things back to their nest. While staked, holders can expect random NFTs of shiny objects to be airdropped into their wallets. These airdrops can be staked alongside your Magpie and earn you rewards. When the staking platform is released, rewards will be switched to our token $NEST. The $NEST liquidity pool will always be backed by an amount of SOL, ensuring that $NEST always can be traded for SOL. The amount of SOL contributed will be from 50% of royalties, 75% of auction proceeds (each week a magpie is auctioned off). Additionally, we have other revenue streams planned to ensure the value of $NEST is continually increasing.
To be clear, if you have a lambo background or a clown wig, you could get airdropped a key NFT or a clown nose NFT. We will not be giving IRL lambos to all of our holders or clown noses.
This is the first time that we have mentioned this, but we have been working behind the scenes to bring you two casino games. Our first two games are blackjack and coinflip. Both games will use $NEST as the currency. So not only does it add another revenue stream, but it also adds another reason why someone might want to purchase $NEST, driving up the value. 100% of the profits will be split among those staking, making sure that our holders are earning even more!
We will continually be looking to add new games, and other revenue streams to increase the amount holders earn.
Estimated 3-6 months from now:
Magpie mamas will be airdropped to all holders. Mamas traits will be dependent on what you have collected in your nest (rare items = rarer traits). More details on the collection will come as we get closer to the release of them! Stay tuned for updates.