Charge

The Essential Energy Mechanism of Muamma NFTs

// initial value in the first mint: 20/20

The Vital Role of Charge in Muamma NFTs

Charge within the Muamma ecosystem is not just an energy resource; it also represents a form of participation fee or cost for engaging in the various activities offered by the app. This feature is fundamental to the Muamma project, serving as a gatekeeper for access to potential earnings and experiences within the app.

Charge as a Fee Mechanism

Entry Fee for Earning Opportunities: Charge acts as a necessary fee for entering games and quizzes, making it an essential aspect of the ecosystem's economy. This fee mechanism ensures a balanced participation from users, maintaining the value and exclusivity of the earning opportunities.

Charge Capacity and Initial Allocation

Maximum and Starting Values: Each Muamma NFT is equipped with a maximum Charge capacity of 20. NFTs are delivered to users fully charged, with an initial value of 20/20. This full charge allows users to immediately start participating in the app’s activities.
Importance of Initial Full Charge: The delivery of NFTs with a full Charge is a significant aspect, as it provides new users with immediate opportunities to engage with the ecosystem and start earning, thus enhancing the user experience from the outset.

The Recharge Mechanism and Its Economic Impact

Necessity and Process of Recharging

Replenishing Charge for Continued Participation: Once an NFT’s Charge is depleted, it must be recharged to continue participating in the app’s activities. This process is vital for maintaining continuous engagement and earning potential within the Muamma ecosystem.

Recharge Cost and Its Calculation

Economic Implications of Recharging: Recharging an NFT involves a cost, calculated based on the reward of the final quiz question, the NFT's FactorX value, and the desired number of charges. This cost mechanism plays a crucial role in the economic model of Muamma, ensuring active and thoughtful participation.
Formula for Recharge Cost: The formula for determining the recharge cost is as follows:
- Recharge Cost = (Reward of Final Quiz Question) x (NFT’s FactorX) x (Number of Charges to be Purchased)

Recharge and Its Significance for the Muamma Token Economy

Recharge as a Token Burning Mechanism: The process of recharging NFTs is not only about replenishing energy but also serves as an important aspect of the Muamma Token (MMA) economy. The tokens spent on recharging are effectively removed from circulation, playing a part in the token burning mechanism. This aspect of recharging is critical for maintaining the token's value and scarcity, and it will be detailed further in the "Burning" section of this whitepaper.

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Last updated 10 months ago

The Recharge Mechanism and Its Economic Impact

Necessity and Process of Recharging

Replenishing Charge for Continued Participation: Once an NFT’s Charge is depleted, it must be recharged to continue participating in the app’s activities. This process is vital for maintaining continuous engagement and earning potential within the Muamma ecosystem.

Recharge Cost and Its Calculation

Economic Implications of Recharging: Recharging an NFT involves a cost, calculated based on the reward of the final quiz question, the NFT's FactorX value, and the desired number of charges. This cost mechanism plays a crucial role in the economic model of Muamma, ensuring active and thoughtful participation.

Formula for Recharge Cost: The formula for determining the recharge cost is as follows:

Recharge Cost = (Reward of Final Quiz Question) x (NFT’s FactorX) x (Number of Charges to be Purchased)

Recharge and Its Significance for the Muamma Token Economy

Recharge as a Token Burning Mechanism: The process of recharging NFTs is not only about replenishing energy but also serves as an important aspect of the Muamma Token (MMA) economy. The tokens spent on recharging are effectively removed from circulation, playing a part in the token burning mechanism. This aspect of recharging is critical for maintaining the token's value and scarcity, and it will be detailed further in the "Burning" section of this whitepaper.