What is White paper on ghost NFT. How Does It work? Complete guide 2024

The GHOST token is a new digital currency designed specifically for the GameFi blockchain gaming sector. With a total supply of 3 billion tokens, GHOST aims to create a thriving ecosystem in the Ghost World, where players can build their own homesteads, participate in exciting gameplay, and earn rewards by staking their tokens.

To complement the token ecosystem, 5,000 My Ghost NFTs will be released. Each My NFT represents a unique ghost character that players can use to build their homesteads in World. The construction speed and rarity of the homestead depend on the rarity of the NFT.

Staking and Rewards

Players can stake their tokens in their homesteads to earn staking rewards. The higher the rarity of the homestead, the greater the staking rewards. Homesteads have durability, which does not degrade under normal circumstances. However, ghosts can form teams or attack other homesteads individually, causing the targeted homestead’s durability to decrease. If a homestead’s durability is fully depleted, its unclaimed staking rewards are seized by the attacker.

Token Burn Mechanism

When tokens are not staked in a homestead and are stored on the blockchain, a 5% burn rate will be applied to the total token balance with each block update. The burn mechanism will stop once the total token supply reaches 1 billion tokens.

Token Distribution

60% of the total token supply will be allocated for staking rewards.15% will be reserved for the team, with a 3-year lock-up period and a one-year linear release thereafter.15% will be airdropped to My Ghost NFT holders, based on the rarity of their NFTs.

10% will be allocated for liquidity provision.

This GHOST token whitepaper presents an innovative approach to GameFi by integrating NFTs, staking, and token burning mechanisms. By incentivizing players to build and protect their homesteads, the ecosystem aims to create a dynamic and engaging gaming experience.

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|Token |

| Distribution Schedule |

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| Total Supply: 3,000,000,000 |

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| | Distribution | % | Tokens||

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| | Staking Rewards| 60% |1,800M ||

| | Team Reserve | 15% | 450M ||

| | Airdrop to NFT | 15% | 450M ||

| | Liquidity | 10% | 300M ||

| + — — — — — — — — + — — — + — — — -+|

In the chart, the total token supply is 3 billion tokens, distributed as follows:

Staking rewards: 60% (1,800,000,000 GHOST)

Team reserve: 15% (450,000,000 GHOST), locked for 3 years, followed by a one-year linear release（This part will also be burned proportionally and cannot be staked until unlocked.）

NFT airdrop: 15% (450,000,000 GHOST), distributed based on rarity

Liquidity: 10% (300,000,000 GHOST)

Unfortunately, there isn’t a definitive “white paper on NFT” that readily pops up in searches. However, there are two possibilities when encountering the term “NFT”:

1. Project-Specific Ghost NFT: It’s possible you came across a reference to a specific NFT project named “NFT.” In this case, the best approach would be to look for information directly related to the project itself. Here are some tips:
   • Project Website or Social Media: Search for the project’s official website or social media presence (Twitter, Discord, etc.) using terms like “[Project Name] NFT” or “[Project Name] NFT.” The project might have a white paper or roadmap document outlining their goals and functionalities.
   • NFT Marketplace Listings: If the NFTs are already minted and available for trade, check popular NFT marketplaces like OpenSea or Rarible. Project descriptions on these platforms might mention a white paper or link to it if available.
2. General Ghost-Themed NFTs: It’s also possible ” NFT” is a more generic term referring to NFTs with a theme. In this case, there wouldn’t necessarily be a single white paper encompassing all ghost-themed NFTs. However, you can explore popular NFT collections with a ghost theme by searching for relevant keywords on marketplaces or exploring curated NFT collections on websites like https://rarity.tools/.

Here are some additional things to keep in mind:

• Exercise Caution: Be cautious when encountering unfamiliar NFT projects. Always conduct your own research before investing in any NFT, and be wary of potential scams or rug pulls.
• Project Legitimacy: Look for information about the team behind the project, their experience, and the project’s roadmap. A well-established project with a clear plan and transparent communication is more likely to be trustworthy.

I hope this clarifies the possibilities surrounding “Ghost NFT” and provides helpful tips for your search. If you have any additional details about the specific NFT you’re interested in, I might be able to offer more targeted assistance.