In recent times, NFTFeed has received various inquiries from users who were puzzled about the distinctions between the benefits of the SHARK POINT and SHARKIE NFT mechanisms. To address this confusion, this article aims to provide a comprehensive clarification for everyone.

1/ How does Shark Point work?

a) Criteria for Earning Shark Points:

• Accumulate XP on Zealy.

• Gather XP on Galxe.

• Free mint NFTs on Mirror & NFTFeed DApp (each NFT will be 300 Shark Points).

• Please note:

  • Free Mint NFT distributed from mint.nftfeed.guru will have their liquidity added post-listing, along with customized benefits from Project Partners according to the NFT collection. Please read more benefits details of each NFT Freemint collection.

  • These free-minted NFTs will count toward participating in the shark point airdrop mechanism - AIRDROP PHASE 1.

b) Snapshot Mechanism:

• Shark Points Holders will be snapshot at specific time.

• All Shark point holders will be eligible to participate in an airdrop of 1,000,000 $SHARKIE tokens as part of the total reward. Based on real-time snapshot time, NFTFeed will announce a leaderboard for all Shark Point holders, segmented into ranks for reward sharing:

• The top 10% Shark Points Holders [SHARK TITAN] will share 40% of the total Reward.

• The Next 20% Shark Points Holders [SHARK ELITE] will share 30% of the total Reward.

• The Next 40% Shark Points Holders [SHARK PRODIGY] will share 20% of total Reward.

• The last 30% Shark Points Holders [SHARK LUMINARY] will share 10% of the total Reward.

More Details about SHARK POINT Mechanism:

2/ What is SHARKIE NFT & its benefits?

SHARKIE NFTs are the exclusive genesis NFTs distributed by NFTFeed, offering short-term and long-term benefits.

a) SHARKIE NFT General Information:

• INO Date: August 18th, 2023.

• 1st Round: 2000 NFTs.

• INO Platform: NFTFeed, mint.fun

• Chain: Base.

• NFT Price: 0.011 ETH/NFT (Next INO rounds will see a 10% price increase).

• More details:

  https://mirror.xyz/0x2368dB14Cf7F0F7f975bE690687687fC01F6D31E/ATewL66o40flSwOdae3wGEmXfxC99bojsKs71hfVEFg

b) SHARKIE NFT Benefits:

• SHARKIE NFT holders can stake and earn $WSHARKIE, with total rewards of up to 1,000,000 $SHARKIE tokens.

• $WSHARKIE will be converted to $SHARKIE at a 1:1 ratio.

• SHARKIE NFT holders will secure a Presale Whitelist of NFTFeed.

• All SHARKIE NFTs will be added to the liquidity pool after NFTFeed's Public Sale.

• Holding a SHARKIE NFT grants you a share in the revenue generated by NFTFeed DAO.

• Experience the value of collective decision-making and vote for proposals, with each SHARKIE NFT granting you one voting right.

3/ Can Freemint NFTs be Staked in the SHARKIE NFT Staking Pool?

NO, it's important to clarify that NFTFeed hosts 02 distinct events:

• PHASE 1: 1,000,000 $SHARKIE REWARD FOR SHARK POINT HOLDERS.

  Free mint NFTs will be the main factor contributing to the accumulation of Shark points for the Aidrop Phase1, in addition to the Roles, Zealy, Galxe points.

• PHASE 2: another 1,000,000 $SHARKIE STAKING REWARD FOR SHARKIE NFT HOLDERS.

  Besides staking rewards, SHARKIE NFT will get long term benefits from Projects as mentioned above.

4/ WHAT IS $WSHARKIE token ?

• The $SHARKIE smart contract is currently undergoing an audit and cannot be publicly deployed. Therefore, NFTFeed has chosen $WSHARKIE as a temporary token reward, representing $SHARKIE.

• $WSHARKIE is a non-liquid and non-tradable token.

• $WSHARKIE will be converted to $SHARKIE at a 1:1 ratio after the $SHARKIE listing.

5/ Why Can't I Unstake FreeMint NFT, But Can with SHARKIE NFT?

Staking Pool for NFT Free Mint:

• Free mint NTFs will be locked for 1 month after staking.

• Users stake NFTs to receive gETH Faucet.

SHARKIE NFT Staking Pool:

• The Pool is applicable exclusively to SHARKIE NFTs.

• Maximum of 40 NFTs can be staked per wallet.

• Users can claim $WSHARKIE and unstake rewards at any time.

• $WSHARKIE will have no liquidity and will be converted to $SHARKIE tokens at a 1:1 ratio after the listing of $SHARKIE.

5/ Why Am I Facing the Issue of Shark Points Not Displaying Zealy/Galxe Points?

This situation arises due to a technical matter related to real-time API updates from Zealy and Galxe:

• The display of Zealy and Galxe points might experience delays in updating in real time within the NFTFeed system.

• This delay does not affect the accuracy of your points; it is a temporary lag in the data synchronization process.

• Rest assured that NFTFeed will ensure that your points are accurately reflected during the snapshot time.

We understand this concern and are actively working to enhance the real-time API integration to provide a seamless experience for our users. Your points will be accurately accounted for, and we appreciate your understanding while we work to resolve this technical matter.

7/ Why Are My Shark Points Deducted After I Stake Freemint NFTs in the Pool?

Upon staking, NFTs are moved to the pool and no longer in the user's wallet. Consequently, this action triggers a deduction of Shark Points within the system.

However, there's no need for concern, as NFTFeed will perform a comprehensive update of your points based on the NFT holders' data during the snapshot period.

This ensures that your Shark points accurately reflect your current holdings and participation in the staking process.

In conclusion, we hope that the provided information has addressed your inquiries effectively. If you have any further questions or need additional assistance, please don't hesitate to ask.

Don't miss out on the opportunity to hunt for airdrops with NFTFeed

Haven't owned any SHARK POINT yet? If not, get Free Mint NFTs to earn 300+ Shark Points and secure your slots.

Haven't owned any SHARKIE NFTs? You can consider getting extra rewards in the short term and long term from NFTFeed. Here's your chance!