Egold Farm — Virtual NFT Mining In The Metaverse
Dear Crypto Enthusiast,
Since you are in cryptocurrency, you will be familiar with the term Metaverse. This is something that has been around for a while — in gaming. We just didn’t call it Metaverse. We started calling it Metaverse after Facebook rebranded to Meta.
Why is the Metaverse the next big thing? Meta (former Facebook) is investing $10 billion in the Metaverse which is five times the amount of money they paid to purchase the Oculus VR business in 2014.
JPMorgan believes the Metaverse is a $1 trillion yearly opportunity as it becomes first bank to open in virtual world.
Since we are crypto enthusiasts, the virtual world is nothing new to us. However, some parts of our crypto world are still physical. Things like PoW (Proof Of Work) mining which requires hardware to perform the mining.
Physical mining can be challenging for regular people like you and me. Specialized hardware is needed to do the mining which is fairly expensive. It is also expensive to run and maintain physical mining. Only a few players in the world can do PoW mining in a profitable way.
eGold offers the solution
eGold is replacing physical miners with a new class of virtual mining machines built utilizing ANFT technology. Thanks to the underlying smart contract technology eGold mining is:
What is ANFT?
NFT stands for Non Fungible Token. NFT is a unique digital asset on the Blockchain. It is non fungible because if you exchange one NFT for another, you will have a totally new asset. Bitcoin is fungible. If you exchnage one Bitcoin for another, you will have the same asset with the same value.
ANFT stands for Algorithmic Non Fungible Token. ANFT are a lot smarter than regular NFTs that are basically images and files.
ANFTs have programming or business logic coded into them by default.
Egold ANFT Mining Logic
The mining logic behind ANFTs is very unique. Every ANFT represents a mining machines in the virtual mining city.
The eGold smart contract is minting 6849 tokens per day, which will be distributed across all ANFT owners.
Example: If there is 6849 miners in the network, every miner will earn one eGold token a day.
The eGold tokenomics will remind you of Bitcoin with a 21M maximum supply.
Here is what will make eGold a very sustainable asset:
Before you can claim your eGold rewards you have to pay 50% Meta Fuel which is paid in eGold.
So, first you have buy eGold on PancakeSwap, then you have to burn them. Only then you receive your eGold mining rewards.
This logic will do two things: Create demand and reduce the supply. Exactly what is needed to support the value of eGold.
The second logic is even more powerful. A 5% depreciation per claim is built into the ANFT. In other words, anytime you claim rewards from your miner, you lose 5% mining performance.
Here is an example of net yield based on mining of 100 eGold on each claim:
eGold mining can be explained as an upgraded version of yield farming. Regular yield farming protocols have a major issue. Members claim earned tokens every day and dump them.
This will not happen with eGold mining since ANFT owners will carefully plan their claims, since the mining performance reduces with every claim. This will take the sell pressure off the eGold token.
There is also a 1% warehouse fee that has to be paid with every claim.
The amount of eGold tokens you receive, will be determined by the amount of MetaHash you own, relative to the global MetaHash. MetaHash is the unit that measures the mining power in eGold.
The bigger your share of the global mining power, the bigger your mining rewards.
You can start buying miners with 20 BUSD only. 1 BUSD represents 1 MetaHash. The biggest miner costs 2500 BUSD and delivers 2500 MetaHash.
Example: If you own 1% of the global MetaHash, you will receive 1% of the global daily eGold issuance.
eGold Invitation Program
eGold Mining is an Invite Only opportunity. You will need a referral code from your sponsor to join the ecosystem. The referral code is basically the wallet address of your sponsor.
You will be rewarded with a 18% direct sales bonus if you refer a member to eGold.
You can increase your Direct Sales Bonus by building a bigger team.
Example 1: Once you cross $4,000 in sales, you will qualify for 26% Direct Sales Bonus.
Example 2: Your team is $4,000 and you’re eligible for 26% Direct Sales Bonus. Your downline partner has a team of $500 and is eligible for 20% Direct Sales Bonus. Whenever this partner makes a sale, you will receive the difference between your 26% and his/her 20% which is 4%.
As long as you move at a faster pace than your downline partners, you always earn from their effort.
Roadmap and Gitbook
All details about eGold can be found on the Gitbook: https://egold.gitbook.io/
eGold has a very comprehensive roadmap that can be found on Gitbook as well: https://egold.gitbook.io/egold/project-roadmap
One of the most important dates in the 10th September 2022. This is when the exchange listing process will be initiated. This process will be managed by a decentralized distribution model built on a smart contract.
How to join eGold
To join eGold you will need two things:
- A decentralized wallet on the Binance Smart Chain (MetaMask, TrustWallet, TokenWallet)
- Referral Code from your sponsor
You will find a detailed instruction on how to join eGold here: https://egoldmining.shop/2022/08/26/how-to-join-egold-farm-mining/
If you still have questions, join the official Telegram group: https://t.me/egold_farm