> For the complete documentation index, see [llms.txt](https://rheachain.gitbook.io/rhea/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://rheachain.gitbook.io/rhea/rhea-avatar-metaverse/hashrate-nft-economic-model.md). # Hashrate NFT Economic Model ### 1. Minting Hashrate NFTs for mainstream coin mining Using REA as fuel to draw blind boxes and randomly obtain Hashrate NFTs with 2x\~5x hashrate for mainstream coin mining. Once the Hashrate NFTs are minted, users can start mining and receive a certain amount of personal hashrate income in mainstream coins every day. In phase 1, Hashrate NFTs will prioritize FIL mining, and the FIL blind box cycle is about 6–12 months. After the FIL blind box cycle ends, it will no longer be possible to draw blind boxes with FIL as income. However, the Hashrate NFTs that have already been minted will continue to receive FIL mining income until they are out. Later, mainstream coins such as Doge, ETH, and BTC will be gradually opened for mining. The Hashrate NFTs are divided into 5 levels, and users can only start drawing blind boxes and minting Hashrate NFTs from level 1. After minting 3 Hashrate NFTs at the same level, users can draw the next level of blind boxes. Each level can mint Hashrate NFTs multiple times, but each level only allow 2 un-minted Hashrate NFTs.
> **Note:** > > The REA needed for drawing blind boxes, minting Hashrate NFTs, and withdrawal fees are calculated based on the real-time price of REA on Sunswap V2. > > The daily FIL mining income is calculated based on the daily FIL price. Income will be settled once a day at 00:00. ### 2. REA circulation: 1. **REA from Blind box fuel:**\ 50% used for 6x fuel reward\ 50% to destroy as the way of REA destroyed 2. **REA from minting Hashrate NFTs:**\ 30% used for metaverse ecosystem development\ 60% used for team rewards\ 10% to destroy as the way of REA destroyed 3. **REA from withdrawal fees:**\ 100% to destroy as the way of REA destroyed. ### 3. Daily blind box draw limit The daily number of blind box draws for the first 7 days: Day 1: 100 draws\ Day 2: 120 draws\ Day 3: 140 draws\ Day 4: 160 draws\ Day 5: 180 draws\ Day 6: 200 draws\ Day 7: 220 draws The daily number of blind box draws starting from the 8th day: Days 8–10: 100 draws/day\ Days 11–13: 110 draws/day\ Days 14–16: 120 draws/day\ Starting from day 17: 130 draws/day, and follow dynamic adjustment mechanism. (Dynamic adjustment mechanism: If the daily draw limit is reached 100% for 3 consecutive days, the daily draw limit will increase by 10 from the 4th day. If the daily draw limit is below 90% for 3 consecutive days, the daily draw limit will decrease by 10 from the 4th day. The limit will decrease to a minimum of 100 draws/day and will not decrease further.) > **Note:** The blind box draw limit is reset at 00:00 (GMT-4) every day and each account can only draw a maximum of 3 blind boxes per day. ### 4. Rules for Hashrate NFT out After minting Hashrate NFTs, you can start mining. Each Hashrate NFT can earn a fixed income of 2x–5x by drawing blind boxes. When the mining output reaches the fixed income of the Hashrate NFT, the NFT will automatically out, and you will receive a NFT fragment of the same level. After all NFTs of levels 1–5 (15 NFT fragments) have out, you can use them to synthesize and mint Legend NFT, which can be used for free mining of BTC. For example, if user A mints a 2x Hashrate NFT of Level 1, it will can out when the total mining income of the NFT reaches 400 USDT x 2 = 800 USDT worth of FIL income. The same applies to other levels. **Acceleration earnings to speed up Hashrate NFT out:** Refer users to draw blind boxes and mint Hashrate NFT for mining. The referrer will receive 20% personal hashrate income from the referred user’s of layer 1 as a reward. Starting from the layer 2, the reward will be reduced 30% layer by layer (e.g., 14% reward from layer 2 , 9.8% reward from layer 3, and so on). The Acceleration income can speed up the Hashrate NFT out. Refer 1 address to get 2 layers rewards\ Refer 2 address to get 4 layers rewards\ Refer 3 address to get 6 layers rewards\ Refer 4 address to get 8 layers rewards\ Refer 5 address to get 12 layers rewards \ **For example, A refers B, and B refers C.**\ A: Mints 3 Hashrate NFTs of Level-1.\ B: Mints 3 Hashrate NFTs of Level-1 and 3 of Level-2.\ C: Mints 3 Hashrate NFTs of Level-1, 3 of Level-2 and 3 of Level-3. “A” will receive a 20% rewards of the mining income of 3 Level-1 NFTs of “B” and a 14% rewards of the mining income of 3 Level-1 NFTs of “C”, and the rewards will be prioritized to the first Level-1 NFT of “A”. “B” will receive a 20% rewards of the mining income of 3 Level-1 and 3 Level-2 NFTs of “C”, and the rewards will be prioritized to the first Level-1 and first Level-2 NFTs of “B” respectively. > **Note:** > > 1\. The referrer needs to mint a Hashrate NFT and then can generate a referral link. > > 2\. The role of acceleration income is to speed up the Hashrate NFT out. Acceleration income will no longer be available after the NFT out. > > 3\. The referrer can only receive the acceleration income of the same level of Hashrate NFT and will prioritize rewarding the referrer’s first NFT of the same level. When the first NFT out, the acceleration income will be postponed to the second NFT (in chronological order). > > 4\. Before the official launch of the Avatar Metaverse, the referral relationships in the RHEA liquidity mining ecosystem will be shifted to the Avatar ecosystem, without any change. However, individuals need to mint an NFT to view the existing referral relationships and generate a referral link of the Avatar ecosystem. > > 5\. New addresses entering the Avatar ecosystem need to use a referral link to log in and mint a Hashrate NFT to bind the referral relationship and generate their own referral link. > > 6\. The Avatar Metaverse and RHEA liquidity mining ecosystem have two independent referral relationships. After the official launch of Avatar, new addresses can only bind their respective referral relationships in the Avatar ecosystem and liquidity mining ecosystem separately. ### 5、Withdrawal rules A fixed withdrawal fee plus a 10% Hashrate NFT custody fee will be charged each time you withdraw mining earnings from Hashrate NFTs. **Withdrawal fee:**\ Level-1 Hashrate NFT: 2 USDT equal to REA/transaction\ Level-2 Hashrate NFT: 4 USDT equal to REA/transaction\ Level-3 Hashrate NFT: 6 USDT equal to REA/transaction\ Level-4 Hashrate NFT: 10 USDT equal to REA/transaction\ Level-5 Hashrate NFT: 20 USDT equal to REA/transaction ### 6、Mint Legend NFTs for BTC free mining Only one NFT fragment can be obtained from one Hashrate NFT out. When the same type of mainstream currency Hashrate NFT out, a maximum of three NFT fragments can be obtained for each level. Three NFT fragments of the same level can be synthesized into one corresponding level NFT, and collecting all five levels of NFTs can ultimately be synthesized into one Legend NFT.
Bronze NFT, Silver NFT, Gold NFT, Diamond NFT, and Supreme NFT can be used to mint one Legend NFT (minting Legend NFT requires 50 USDT or equal REA as fuel). A total of 999 Legend NFTs can be minted, which can mine BTC for free and last for 2 years. **Top 10 Legend NFT Minting Rewards**\ Top 1: Extra reward of 4 Legend NFTs, a total of 5 Legend NFTs can be obtained\ Top 2–5: Each address will receive an extra reward of 3 Legend NFTs, a total of 4 Legend NFTs can be obtained\ Top 6–10: Each address will receive an extra reward of 2 Legend NFTs, a total of 3 Legend NFTs can be obtained.