Future Utility

This section will go into details regarding future utility of our NFTs.

In the future, the biggest utility for our NFTs will be, staking them to earn our own native token ($COD) and using them to breed Baby Narwhal Nodes.

Staking

We want to add further utility to the NFTs, not just simply hold & earn. This is why we are going to implement staking. Staking your NFTs will stop the daily passive income and reward you with $COD tokens, our native token used for all NNC things. Each NFT staked will earn 0.5 $COD token per day. More on our $COD token, the release and what you can do with it can be found here.

Breeding

Each of our NFTs will have the capacity to breed a Baby Narwhal Node. To do this, you will need to hold 2 or more Narwhal Node Club NFTs in your wallet & then interact with our Dapp.

There you will connect your wallet and choose which 2 Narwhals you wish to breed, add 100 $COD tokens (if breeding for the first time) & have some AVAX in your wallet for gas. The 2x NFTs will be locked up for 7 days in which you won't be able to earn either passive income or rewards from giveaways. Anything earned or won will be sent back to the treasury. The $COD tokens used for breeding will be burnt.

If it is your Narwhals first time breeding, it will cost 100 $COD tokens. This works out at 2 NFTs staked for 100 days (0.5 $COD per NFT per day). The second time will cost 120 $COD tokens and the third, 140 $COD tokens.

Each time the NFTs are bred, the cost will increase by 20 $COD tokens & you will be rewarded with a new Baby Narwhal Node!

If you are trying to breed an NFT with no previous breeds (100 $COD), and an NFT with 2 previous breeds (140 $COD), it will cost the higher of the two amounts to breed them.

• After every breed: -15% of daily passive income

For both Narwhals, this will be a total of a -30% decrease in passive income rewards (-15% each). However, a Baby Narwhal Node will reward you with 2.5 $COD per day. More information on this can be found here.