Exciting Sneak Peek at Genesis Master Pass: FreeMint & Unlock Multiple Rewards

Master Protocol stands as Omni-Restaking Protocol for all BTC ecosystems. The groundbreaking protocol not only enhances the infrastructure of Bitcoin but also aims to unify and strengthen its rapidly expanding network. Master Protocol connects various sub-ecosystems, including Layer 2 solutions and diverse DeFi protocols. This strategic enhancement fosters innovation and improves utility across the entire Bitcoin landscape, paving the way for a more interconnected and efficient blockchain environment.

The Genesis Master Pass is the inaugural NFT series launched by Master Protocol, with a total of 6,500 passes divided into 3 tiers. These passes will act as the entry ticket for participating in both the Master testnet and mainnet, allowing users to accumulate airdrop points. Prior to the official Free Mint event, let’s explore the 3 different tiers and the incentive rules associated with the Master Pass.

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Overview of Genesis Master Pass

The Genesis Master Pass comprises a limited series of 6,500 NFTs, divided into three tiers: SSR, SR, R. Owners of these passes are granted exclusive access to the Master Incentive Testnet, where they can earn points and potentially win airdrops by participating in various activities.

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👇Details of Mint Information:

• Supply: 6,500

• Price: Free Mint (Excluded Gas Fee)

• Chain: Base Chain

• Time: TBD

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Issuance Quantity:

• SSR — 500

• SR — 1,500

• R — 4,500

Daily Point Output Ratio:

SSR:SR:R=150:40:10

The SSR Pass serves as a virtual token miner, which enables mining tokens by just one click on the “stake” button. Holders of SR and R passes can also earn points by completing daily tasks after staking.

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Gameplay 1: Combination Mechanism to Upgrade SSR PASS

To add a strategic layer to the holding of NFTs, the Genesis Master Pass incorporates an upgrade system where holders can combine NFTs to ascend to higher tiers.

When you combine 3 R Passes, you’ll receive 1 SR Pass. Likewise, merging 3 SR Passes will yield 1 SSR Pass. This mechanism not only promotes active participation but also enables you to enhance additional earnings.

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Gameplay 2: Invite-to-Earn System to Get up to 50% Bonus

Each Pass holder will get an exclusive invitation code after staking on the official website. By inviting other holders to enter the invitation code and stake, both parties will receive bonus points. The more team members you invite, the higher the bonus points. A single user can earn up to a 50% bonus in points. The specific rules are as follows:

As an Inviter:

• Inviting 1–5 holders to stake grants a 1% member point bonus per invitee. Upon reaching 5 team members, a one-time 5% additional point bonus is awarded, totaling up to 10%.

• Inviting 6–20 holders to stake grants a 0.5% member point bonus per invitee. Upon reaching 20 team members, a one-time 7.5% additional point bonus is awarded, totaling up to 25%.

• Inviting 21–100 holders to stake grants a 0.1875% member point bonus per invitee. Upon reaching 100 team members, a one-time 10% additional point bonus is awarded, totaling up to 50%.

As an Invitee (excluding Inviter):

• With 1–5 members who stake, each member contributes a 0.5% member point bonus to all members, with a total possible bonus of up to 5% upon reaching 5 members.

• With 6–20 members who stake, each member contributes a 0.25% member point bonus to all members, with a total possible bonus of up to 12.5% upon reaching 20 members.

• With 21–100 members who stake, each member contributes a 0.09375% member point bonus to all members, with a total possible bonus of up to 25% upon reaching 100 members.

Note:

If an invitee unstakes, the inviter will no longer receive the point bonus from that member. The Unstake rules are as follows:

SSR:

• Unbonding Period: 7 days

• Points Calculation: Points will not be calculated after submitting the unstake application.

SR:

• Unbonding Period: 24 hours

• Points Calculation: Points will not be calculated after submitting the unstake application.

R:

• Unbonding Period: 24 hours

• Points Calculation: Points will not be calculated after submitting the unstake application.

The point bonuses for Inviter and Invitee can accumulate, but the maximum point bonus for an individual user is capped at 50%.

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Join to Get Whitelisted

The launch of the Genesis Master Pass is poised to mark a transformative phase in the usage of NFTs within the Bitcoin ecosystem. Master Protocol’s initiative is crafted to deeply engage users and reward them for their involvement and strategic foresight. Whether you are already immersed in the Bitcoin ecosystem or just exploring the possibilities of digital assets, the free minting of the Genesis Master Pass is an event not to be missed.

Win your WL now in our Discord: https://discord.com/invite/masterprotocol

Stay tuned for upcoming announcements regarding the official mint date and prepare to join a pioneering protocol. Stake your interest, gather your team, and get ready to revolutionize your DeFi journey with Master Protocol.

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Links

Website: https://www.masterprotocol.xyz/

Twitter: https://twitter.com/MasterProtocol_

Discord: https://discord.gg/masterprotocol

Medium: https://medium.com/@MasterProtocol_

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