Master NFTs

Master NFT is an important part of the Helicon Ecosystem and the cornerstone of the ecosystem's operation. In the Helicon Ecosystem, there are 9 Master NFTs. Each of the 9 Master NFTs corresponds to a DeFi mining pool. Master NFTs are traded with LP tokens only, with a predetermined linearized growth using smart contracts. The Master NFT proceeds will be released for 9 days (1/9 released each day).

Holders of Master NFT can enjoy:

• 1% of all regular NFT sales revenue in their respective categories.

• 5% of the liquidity mining rewards in the corresponding mining pool within the specified time.

1% of all regular NFT sales revenue in their respective categories. 5% of the liquidity mining rewards in the corresponding mining pool within the specified time. In order to ensure that Master NFT does not monopolize the market, each Master NFT holder can only hold Master NFT for at most 24 hours. Holders of Master NFT can list their Master NFT on Helicon's NFT exchange at any time; after holding Master NFT for 24 hours, Master NFT will automatically be listed on the exchange and enter an unowned state.

After more than 24 hours, the Master NFT holder is forced to sell, and the transaction will be completed when the transaction price is met. As the Master NFT price can't be altered and is predetermined via smart contract, the new sale price will always be higher than the previous buy price. When the new buyer purchases the Master NFT, the previous seller will have their LP tokens evenly released over 9 days i.e. 1/9th every day for 9 days. This can be collected at any interval however will require a gas fee each time. As the Master NFT cannot have the price adjusted, it either sells for the predetermined price or enters a Vacant status.

If the Master NFT fails to sell and is vacant, while being vacant:

• 30% of the rewards get burnt

• 30% of the rewards go back into the HeliconNFT ecosystem

• 40% goes to the next owner

A Master NFT holder may wish to sell within the 24-hour period. If this is the case, as soon as the Master NFT is listed for sale it will enter the 'Vacant' status and the owner will not receive any further rewards. The predetermined price is per sale and not impacted buy duration. The Master NFT price Pn (n>=0) of the nth transaction satisfies

$$P_{n+1}= P_n * f_n$$

$$f_n=1+α +γe^{−βn}$$

Where a=0.000949968, b=0.032996, g=0.2 Assuming that Master NFT trades once every 24 hours, the Master NFT price increase multiple is:

0.5year	412.707981
1year	499.9845932
2year	707.1105991
3year	999.0563284
4year	1412.879009
5year	1998.112657