Eclipse Migration

Transition to Eclipse Assets: To remain future-proof and establish a strong foundation for future regulation, we will be modifying the reward mechanism for Thor & Odin NFT holders. The current "passive income" project will officially conclude with the Mainnet release of Eclipse, and will morph into a loyalty reward program. Here’s what you need to know about the new reward system:

  • Eclipse Reward System: Similar to brands rewarding loyal customers for positive reviews, users must share a post on Twitter/X before redeeming rewards.

  • Eclipse NFT Distribution:

    • Each wallet will receive 1 Eclipse NFT, with existing Odin/Thor NFTs converting into Multiplier tokens.

    • Each Odin and Thor NFT will convert to a Multiplier Token, with the existing NFTs becoming inert after Mainnet.

    • Reactivation Fees will be in stable coins.

Migration Details:

  • 20,000 Eclipse NFTs will be minted.

  • Each of the 15,754 current Thor NFT holders will receive 1 Eclipse NFT.

  • Each Eclipse NFT entitles the holder to the same emissions as a Thor/Odin NFT.

  • Thor NFTs convert to a total of 149,722 Multiplier tokens.

  • Odin NFTs convert to 1,909,465 Multiplier tokens (5 per Odin NFT).

  • Multiplier tokens are non-tradable and determine the reward level based on Referral efforts.

  • Multipliers can be purchased from the Eclipse Dapp for $10 each.

  • Eclipse NFTs can be purchased from the Eclipse Dapp for $100 each.

Example: A user with 250 Odin NFTs and 250 Thor NFTs will receive 1 Eclipse NFT, 1250 Multiplier tokens for Odin NFTs, and 249 Multiplier tokens for Thor NFTs, continuing to receive the same type of rewards as before.

Introducing a Decay System:

  • Users must pay a monthly subscription fee to participate in the reward program.

  • Defaulting on subscription payments for 2 consecutive months activates a decay mechanism, deducting 10% of the initial Multiplier token supply monthly.

  • Reactivation fees start at $1/Multiplier from the 3rd month post-subscription lapse, increasing to $2.5/Multiplier for the next 2 months, and finally to $5/Multiplier thereafter.

/Date

Decay

Reactivation fee/Multiplier

Jan

100

Feb

100

Mar

90

$1

$10

Apr

80

$2.5

$50

May

70

$2.5

$75

Jun

60

$5

$200

Jul

50

$5

$250

Aug

40

$5

$300

Sep

30

$5

$350

Oct

20

$5

$400

Nov

10

$5

$450

Dec

0

$5

$500

Key Differences from the Current System:

  1. Decay Mechanism on Multipliers (10% monthly).

  2. Higher reactivation costs.

  3. Transition from a Passive Income model to a Loyalty Reward model.

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