Midas DAO Throne Nodes Launch

February 9 update – the team says they can launch the nodes today after all. No time given.

February 8 update – Midas was exploited for $27,000 MIM. Nodes launch delayed.

February 7 update – launch was set for 10pm UTC Feb. 7, but the team is delaying for “approximately 24 hours.”

New nodes project by the Midas DAO team on AVAX, with different mechanics.

Launch is on February 7, time is TBA, they are saying “late EST” so I’ve set this to 5pm Eastern.

DETAILS

• No docs, you can refer to the Medium post
• The Nodes will be in form of tradable yield-bearing NFTs (virtual nodes), only purchased with THRONE tokens
• These Node NFTs will be tradable in secondary market & transferrable
• In order to receive rewards, the Node NFT should be present in the wallet, the claim to the yield is transferred with the node ownership
• You can choose any name for your Node NFT, but it will remain the same when traded / transferred
• Maintenance fee in AVAX, not announced how much
• THRONE to purchase Node NFTs will be used as follows:
  • 75% will be burned
  • 25% to liquidity
• Node tiers are as follows:
  • 1 ZEUS = 150 THRONE
  • 1 APOLLO = 100 THRONE
  • 1 ATHENA = 50 THRONE
  • 1 PLUTUS = 15 THRONE
  • 1 HERMES = 3 THRONE
• Earnings per node are as follows:
  • 1 ZEUS = 4.513 CROWN per day (1.7% daily APR)
  • 1 APOLLO = 2.301 CROWN per day (1.3% daily APR)
  • 1 ATHENA = 0.885 CROWN per day (1% daily APR)
  • 1 PLUTUS = 0.225 CROWN per day (0.85% daily APR)
  • 1 HERMES = 0.034 CROWN per day (0.65% daily APR)
• 1 THRONE = 1.78 CROWN (after each rebase, more CROWN will be required to wrap for THRONE)
• Rebase will be after every 8 hours
• Reward program for node owners who wait before claiming their rewards:
  • Rewards not claimed for 5 days: x1.05 boost
  • Rewards not claimed for 10 days: x1.15 boost
  • Rewards not claimed for 20 days: x1.30 boost
  • Rewards not claimed for 30 days: x1.50 boost
• Roadmap includes a P2E Game launch
• Plans to launch multi- chain such as Fantom, followed by BSC