We all are aware of the fast-paced nature of the NFT space. Every day, new projects are emerging with enticing utility, visually stunning art, and innovative staking mechanisms. Although, when Generous Robots first launched, everything about the project was highly anticipated and well-received, the perception has since changed. The team understands that the art has fallen short of expectations, the initial utility no longer holds the same relevance, and the staking mechanisms have numerous flaws. Hence, the launch of a new collection is crucial. This is our chance to align with the current standards of Solana NFTs and establish ourselves as a strong competitor in the market, instead of being just another average project.
In this whitepaper, we will cover everything you need to know in preparation for the launch of the revamped collection.
All staking pools have been closed as of now. As a result, NFTs that are still staked in these pools will continue to receive $GEAR emissions until February 6th. After that date, the staking phase will come to an end and the next stage, the Incinerator, will begin.
We strongly advise all users to unstake their NFTs promptly after February 6th to be prepared for the next phase. However, if you choose to keep your NFTs staked for any reason, please note that the option to unstake will be available for an indefinite period.
The Incinerator is where you will be able to “burn” your various GR/SR NFTs in exchange for points. This phase will start on February 13th and will be open for an indefinite amount of time. For a more detailed explanation of how this works, please refer to the following page.
The top 10 contributors to this $GEAR pool will win 10 unrevealed NFTs so that they can stake them and get the chance to receive a rare NFT.
The NFTs in the new collection feature a unique stake-to-reveal mechanism, where the longer an NFT remains staked, the greater the chance of obtaining a rare NFT. This mechanism will be in effect for a two-month period and the duration of each NFT's stake will be monitored through a point-based system.
It is important to note that should an NFT be unstaked, not only will it forfeit all the accumulated points, but the likelihood of receiving a rare NFT will significantly drop. This makes the decision to stake an NFT a crucial one, as it has the potential to greatly impact the outcome of the stake-to-reveal process.
People who contribute to this pool will be eligible to win NFTs already revealed.