Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Prime Numbers, a dynamic cryptocurrency and NFTs ecosystem, has added more blockchain networks to its ecosystem in a bid to expand its reach and bring more value to its users. These two new networks are Ethereum and Binance Smart Chain. This new development is expected to propel the project in its bid to reach more users and offer more exciting rewards to its holders.
The big milestone
Prime Numbers was initially launched on the XDC network to become the first decentralised autonomous organisation (DAO), nonfungible token (NFT) and Gaming project.
However, despite the enormous strides achieved, the project has decided to expand its reach to the two leading blockchain networks, the Ethereum and the Binance Smart Chain networks.
Ethereum is easily the most extensive and widely used blockchain network globally. Adding it to the Prime Numbers ecosystem will help them push the project further to more investors.
Binance Smart Chain, on the other hand, is not too far behind the Ethereum network in terms of adoption and utility. However, its ease of use, speed of transaction, and low transaction fees will make it a considerable asset in pushing this project to more low-end users.
Prime Numbers Reward Structure
The native token of the Prime Numbers ecosystem is the PRNT. PRNT tokens have several use cases, including staking, DAO governance, for purchasing assets in the Prime Numbers gaming platform, and lots more utilities keep developing as more infrastructure is being added to the ecosystem.
Prime Numbers has a reward structure that ensures a win-win for all. 30% of the initial NFT income will be disbursed to the student scholarship fund, 30% to support the project development, 35% as reward to all PRNT holders, and the remaining 5% to the team.
In addition, using NFT Royalty Standard, NFT holders will get 50% of all royalties on resales – this implies that all NFT holders receive 2.5% of the sales price of each NFT of the set 5% royalty cut. Each holder’s share is dependent on a set multiplier, which is a function of both the level and the rarity of the NFT held. The remaining 2.5% then goes to Prime Numbers DAO, from which 1% is automatically sent to the student scholarship fund.
PRNT holders can also level up their NFTs to increase their rewards. Furthermore, everyone who took part in the presale, private sale and seed round has exceptional earning potential, as they get special one-time minted NFTs.
Prime Numbers NFT Staking mechanism
Prime Numbers reward system is interwoven with its NFT staking mechanism. To earn the various rewards with Prime Numbers, holders are expected to stake their PRNT tokens within the NFTs. However, the tokens can be retrieved from the NFT at any point by “breaking open” the NFT.
Staking also helps a user to level up and increase earnings.