NFT Node Rewards

NFT Node: If you want a CheemsX NFT that earn rewards perpetually (node rewards is always higher than simple staking or locked rewards), then you can sacrifice you CheemsX token to create a NFT node. Node creation is a irreversible process and you will never get back your original CheemsX token. You can sell your Node NFT at any NFT marketplace supporting AVAX chain at profit and buy CheemsX token with the profit and make a new NFT node again, if you like.

Minimum CheemsX token to create a node is 100 million and up. Higher the amount, you will get a higher tier NFT that earns even more rewards. This NFT is a typical NFT that you can buy, sell, use just like any NFT and this NFT will have many use case for our upcoming NFT marketplace. To sell or use it like as your social profile, just unstake the Node NFT and the NFT will be sent to your wallet. If you want to restake your NFT, you can still do it in our dapp.

Thanks to our innovative LPDriver contract. Because LPDrive is the biggest holder, it always gets more reflection than any other regular wallets. Unlike selling those token by insiders as in may other projects, our protocol gives those LPDrive reflections back to our community as NFT nodes rewards. With this zero ponzi component, it is sustainable and steady. More volume, more reflection, more rewards to nodes.

Remember, the above example is just illustration purpose. Actual reflection and staking rewards might be higher and lower depending on daily volume, current tax rate, total holder counts, amount of token you hold or stake, current distribution period, reward pool size etc.

However, this Node NFT node are different that our premium fractionalized CheemsX NFTs. To learn more about fractional NFT, please read more here.