The NFT Nexus is a decentralized that serves as the main hub for NFT staking and NFT swaps of Web3Mermaids and MultiversX
Keeping with the spirit of decentralization, anyone can use the NFT Nexus to create pools or stake NFTs in a pool. As other features come online, users will have access to the NFT Nexus.
The fee will fluctuate depending on special events, partnerships, etc. Expect the fee for pool creation to increase as we have more users on the Dapp.
Rewards can be claimed at any time. Some pools may have a distribution schedule, but that is determined by the pool creator.
There is a 5 $MERMAID, per NFT, the fee to stake multiple NFTs one time. This fee helps prevent users from taking advantage of the pools. The un-staking fee is .00075 egld per NFT. Many places charge the NFT creator in upwards of 20 to 30 egld to create a pool for one collection. Our micro fee system helps spread so the burden of maintenance and development doesn't solely fall on the NFT creator.
If you wish claim your rewards, there is a 5 $MERMAID fee to harvest rewards.
The NFT Nexus is the center for Web3Mermaids and Exporer's Rift assets. The development process is to create a dapp that can also be utilized by the MultiversX ecosystem. So, anyone will be able to use the features of the The Nexus to support their community and projects.
NFT Swap - Users will be able to swap Kappax for WATER Monsters. NFT Swap feature will also be available to all MultiversX NFT holders.
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