Prime Numbers aspires to be the first decentralized autonomous organization (DAO), nonfungible token (NFT) and Gaming project on the XDC network. The ecosystem is a DAO that sells NFTs to provide scholarships to students. However, the project is more than just NFTs. Prime Numbers is bringing something new to the table by introducing GameFi with NFTs.

Prime Numbers NFTs are generative, which means that each NFT is produced with specific inputs. In addition, PRNT is the core token of the Prime Numbers ecosystem. PRNT tokens can be used for various purposes, including DAO governance, staking, in-game assets and much more.

To promote a fair and transparent ecosystem, 30% of the initial NFT proceeds will go to the student fund, 30% to a development fund, 35% to reward PRNT holders, and the remaining 5% to the team. Furthermore, under the NFT Royalty Standard, PRNT holders will receive 2.5% of all resales, with an additional 2.5% going to Prime Numbers’ DAO, which will automatically send 1% to the student fund. PRNT holders can increase their reward by leveling up their NFTs. Everyone who participated in the presale, private sale and seed round will get a special NFT that offers even better rewards. These special NFTs will never be minted again, so the presale is the last opportunity to get your hands on one.

NFT staking mechanics 

Staking system with NFTs

In order to earn various rewards with Prime Numbers, such as a portion of NFT royalties, the NFT reward mechanism and in-game rewards, users will need to stake their PRNT tokens. This does not happen in an ordinary way, however. When we stake at Prime Numbers, as we are an NFT project, we stake inside the NFTs. This means staked tokens will add intrinsic value to the NFT and can be traded along with the NFT on any NFT marketplace as a packaged deal. The tokens can be recovered from the NFT at any point by “breaking open” the NFT, which is then destroyed in the process.

When users stake their tokens in the NFT, it will gradually level up. There is a maximum potency that users can stake on a daily basis. However, the potency accumulates for three days, so there is no need to stake daily.

Using NFT Royalty Standard, NFT holders will receive 50% of all royalties on resales. Since the royalty percentage is set at 5%, this means 2.5% of the sales price of each NFT sold is distributed to all NFT holders. Your share depends on the multiplier of your NFT, which is based on both its level and its rarity.

The higher your level and the more rarity you have, the more rewards you will get.

Check more details about staking: