âī¸Hora Miner
Mine crypto with NFTs!
Last updated
Mine crypto with NFTs!
Last updated
In the Horaverse, Hora Miner will be a unique digital asset that will replicate the real-world crypto mining rig, it will be a single elementary unit used for passive income - mining Hora Coins ($HCOIN).
You will need to invest a certain amount of $ETH to be able to assemble Hora Miner. This amount of $ETH will go directly into our ETH Fund, which will make the entire ecosystem sustainable. To find out more about the ETH Fund and its possibilities, please visit the Tokenomics section.
NFT GPUs from Crypto Idle Miner themselves cannot be used for passive income, they need to assembled into a Hora Miner. Each Hora Miner will have a different output capacity, which will depend on the GPUs used for assembling, to be even more precise, on the rarity of NFT GPUs.
All NFT GPUs can be assembled into Hora Miner in the NFT City Miner web3 app. Until development is finalized, GPU owners will be able to do that in Crypto Idle Miner game and/or custom web3 platform.
Hora Miner owners will have to pay an assembly fee in $ETH, and those funds will be used to back the price of assembled Hora Miners and mined Hora Coins. The exact amounts will be determined and published once we come closer to NFT City Miner release.
Once Hora Miner is assembled, NFT GPUs will be destroyed, and new Hora Miner will be minted. We will add more technical details in upcoming months.
To have a better vision about the release timeline, please refer to Roadmap.
Owners of Hora Miners can sell them on the Marketplace. The rarer Hora Miner owned, the higher the price will be. One thing that will also affect the price of one Hora Miner is its lifetime.
Each Hora Miner will have a lifetime (health) depicted in percentages. This percentage will get lower and lower based on miners usage, and at one moment, when the health reaches 0%, they will need to be recycled.
The lower Hora Miners health is, the lower the price will be!
The Marketplace will be great for everyone who does not want to go through the process of minting and assembly on their own. There they can see the available ones and buy the ones they desire. Also, the Marketplace will provide options for those who decide to upgrade their existing units with new ones.
If there is a no demand on the marketplace for Hora Miners, you can always return it to the smart contract and some percentage of $ETH paid during assembly will be paid back, depending on how much the miner was used (miner's health).
At any given moment, Hora Miner can be recycled, and holders will receive a funds-back or a certain compensation for it. The receivable amount depends on mining rig's health.
If a Hora Miner holder decides that it is time for a change, and wants a new Hora Miner to replace the old one, they can offer their old miner on the marketplace to other users or they can recycle it in order to get return in $ETH that was paid for the assembly.
As we mentioned, each Hora Miner will have a certain lifetime depicted in percentages. These percentages will also be an indicator of how much of initial investment in $ETH will be given back.
Example: if you decide to recycle a Hora Miner at 80% of his health, this means that you will receive 80% of your $ETH investment back along with the Hora Coins profit you already made.
There is also a second case in which your Hora Miner becomes obsolete i.e. comes to 0% and is no longer making a Hora Coin profits for the holder. In that case, the holder of 0% Hora Miner will also have an option to recycle it, and will receive compensation in a form of new NFT GPU parts along with Hora Tokens!
Unlike other projects and burning mechanisms, we created a Recycle as a form of a burning mechanism from which players can benefit and will always have a guaranteed amount back for their Hora Miners.
This sticks to our core values - we provide options to our players and investors. This incentive is naturally motivating and will create a healthy ecosystem.
