Prime Numbers is an innovative DAO that intends to create an enabling ecosystem incorporating NFT and staking mechanisms. Its value proposition is unique as it is a DAO that generates scholarships for students and reward the community with NFTs.
Prime Numbers initially launched on XDC, taking advantage of the blockchain’s low transaction fees, high scalability and fast-growing community.
Prime Numbers makes major development
Despite the remarkable progress the project experience when it initially launched on XDC, Prime Numbers recently announced that it’s expanded into the two biggest blockchains in the digital currency space, Ethereum (ETH) and Binance Smart Chain (BSC).
This will undoubtedly prove to be a significant move as it will help them draw more users into the Prime Numbers ecosystem. Ethereum is the most popular smart contract network with a well-established community of users.
Despite the scalability and high transaction fees experienced on Ethereum, it still holds significant sway in the blockchain industry. This latest development will help increase adoption and foster the development of Prime Numbers.
Launching on Binance Smart Chain is also a huge one as it is one of the fastest-growing blockchain platforms. Boasting low transaction fees and high scalability, Prime Numbers will be able to increase the number of users looking to expand their earning opportunities.
Prime Numbers Reward Mechanism
PRNT, the native token of the Prime Numbers ecosystem, offer various real-time uses cases like token staking, DAO governance and purchasing assets in the Prime Numbers GameFi ecosystem.
Prime Numbers has a reward structure that benefits stakeholders. 30% of the initial NFT income will be disbursed to the student scholarship fund, 30% to support the project development, 35% as a reward to all PRNT holders, and the team gets the remaining 5%.
Furthermore, based on the standard NFT Royalty system, all Prime Number NFT holders get 50% of all royalties on resales – this implies that all NFT holders receive 2.5% of the sales price of each NFT of the set 5% royalty cut. Each holder’s share is calculated using a multiplier, which depends on the holder’s level and the rarity of the NFT held. The remaining 2.5% then goes to Prime Numbers DAO, from which 1% is forwarded to the student scholarship pool.
PRNT holders can also level up their NFTs to increase their rewards. Furthermore, everyone who took part in the presale, private sale and seed round has exceptional earning potential, as they get special one-time minted NFTs.
Prime Numbers Staking System
Prime Numbers ecosystem is designed to only reward holders who stake PRNT tokens within the NFTs. However, holders can “break open” the NFT whenever they like to unstake their tokens. Staking also helps a user to level up and increase earnings.
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