Glory Badge
What is Glory Badge?
The section of Glory Badge is the core section of City of Dream and the way to realize the characteristic DAO of City of Dream, which is closely related to the development of the COD ecosystem. The user who owns the badge will become the co-founder of City of Dream, acquire the right to mint $COD, participate in project governance, and some other welfare.
At the same time, the Glory Badge serves as the companion of City of Dream's chain-sale model, bundled by the transaction signature between the wallet addresses on the chain, which establishes a chain of interests through the payment behavior between addresses and addresses. Thus the perfect closed loop of chain-sale is created, breaking the increasingly solidified trust crisis and giving new meaning and content to the blockchain.
Chain Sales: A sales mechanism that combines multi-level bonus rules with cash flow distribution, running on a fully decentralized, non-tamperable public chain.
How to get the Glory Badge?
City of Dream issues four kinds of badges, a total of 2620, each is a unique NFT, the badge owner will directly become the co-founder of City of Dream, and obtain the right to mint coins and participate in community governance. Different categories of badges are obtained in different ways, roughly divided into two kinds: purchase to obtain and recommend to obtain, that is, users can directly purchase to obtain the Marquis Badge or Viscount Badge, but also can recommend five users to purchase the lower level of medals to obtain the Duke Badge and Earl/Count Badge.
Launching Method of Glory Badge
Each address can merely receive a giveaway with one badge, the rest badges can be traded in Marketplace.
Users can light up a star for every invitee who buys a badge, and after lighting up five stars, they can receive the corresponding badge.
Assuming that a user has purchased a premium badge such as the Marquis Badge, and his or her subordinates buy 5 Viscount Badge, he or she will receive a Count Badge. But keep in mind, he or she could only receive a giveaway once.
Each address can only get a different grade badge once, that is to say, supposing a user recommends 10 invitees to buy Marquis Badges, he or she can only gain one Duke Badge.
Badge Welfare
5% of the giveaway token will be directly released to the badge holder's wallet, the rest 95% will be locked. The locked tokens are bound to badge, once the holder trades the badge to other, so do the locked tokens.
The locked token can be withdrawn by providing Liquidity, the stake rules are below:
For example, suppose that 5 million $COD is equal to 1000 USDT, you have to stake 5 million $COD and 1000 USDT to Liquidity Pool. Till the stake (60 days) ends,11 million $COD will be released to your wallet high-linearly, with almost 183,300 $COD per day.
Only Badge holders could own the mint right in the COD ecosystem, the inflation depends on holders' stake scale.
80% of the staking token will be destroyed, and the rest 20% will be redistributed, including 40% for holders according to Badge level, 20% for DAO, and 40% for DAO-30.
Blind box and broadcasting income, the upcoming ERC-1155 chain-sale API, dividends of other online projects. Sale team and lottery tickets.
Key is necessary for Global Lottery Pool.
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