Dear fellow Bounders,

In this article, I will be introducing a brand new idea that the team has come up with! This system will set us apart from any other project out there. And no, it is not just your typical “Oh we have an NFT collection coming up, we think you are going to like it because it has nice art” type of thing. Absolutely not. If you hadn’t realized yet, we are ALL about bringing utility to our tokens here. With this system, we can further incentivize investors to stay and reward loyalty.

To be completely honest, what inspired us to develop this idea was Biswap’s NFT Earn system (read about it here). However, we have implemented our own twist on it since we are not a DEX. This will be evident later on so continue reading!

Basically, the idea is that there are 6 Levels of NFTs and every level provides a benefit. You will be able to mint/buy the NFTs (details will be released in the future). After getting your hands on an NFT, you will be able to charge the NFT using Boundless Points (BP).

BP is earned through 2 methods, staking and bonding. In order to upgrade your NFT to the next level, you will need to have a certain amount of fully charged NFTs of the same level.

From the table we can see that there are various benefits for each respective level.

Benefits for each level:

NOTE: Benefits do not stack. To enjoy the benefits, you only need to possess 1 of the level of NFT.

For better understanding, let’s experiment with a scenario.

Scenario 1:

Gagarin has 2 Level 3 NFTs. What benefits will he get?

In this case, Gagarin will be able to enjoy:

Even though Gagarin possesses 2 Level 3 NFTs, the benefits DO NOT stack (Eg. Tax reduction 1.5%+1.5%=3%). He only needs to possess 1 of the level of NFT to enjoy the benefits.

Scenario 2:

Now Gagarin goes and buys a Level 4 NFT. In total, he has 2 Level 3 NFTs and 1 Level 4 NFT. What benefits will he get?

In this case, Gagarin will get Level 4 benefits. Why? Because even though you have 2 levels of NFTs (Level 3 and 4), only the Level 4 benefits are taken into account. The Level 3 benefits are immediately ignored the moment he bought the Level 4 NFT.

Through our NFT levelling system, you will be able to level up your base NFT.

These are the requirements to upgrade the base NFT to the next level:

Scenario 1:

Galileo Galilei wants to level up his Level 1 NFT. How can he do so?

In order to level up his Level 1 NFT, Galileo needs to possess 6 fully charged Level 1 NFTs(inclusive of his existing NFT). This comes to a total of 60BP.

How do you arrive at 60 BP?

For 1 Level 1 NFT to be fully charged, you will need to charge it with 10BP(since the max charges it can hold it 10).

Thus, 6 Level 1 NFTs = a total of 60 BP

How do you earn BP? What will the NFTs look like? I know that most of you are asking this right now. Don’t worry, we will be covering this in the next article.

With that, we have come to the end. Thank you all for reading.

In the next article, we will look into:

BP Earning System

Visual Attributes of NFTs

ShadowProof-Reading: ACW

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