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Phil Hall
Phil Hall
Jul 27, 2021
News

Onessus NFT Staking System Creeps Closer

Onessus teases the release of their staking system. HodlGod and DappRadar collaborate for a special NFT drop on July 27th.
Onessus NFT Staking System Creeps Closer

Onessus, the publisher behind a series of releases on WAX including the battle royale action game HodlGod, says in their most recent blog post that their NFT staking system is coming soon. Though no specific release date was revealed, they do say that they are committed to creating an innovative product. They are still developing, testing, and auditing smart contracts to make sure that everything works correctly.

Once live, users can stake assets from all of the Onessus collections. This includes HodlGod, Void Elementals, and Boysterous. The 'NFT-fi' system (soon to be renamed) has long been an integral part of Onessus' plans. Though details are still lacking, the VOID whitepaper mentions users being able to use the staking system to earn a yield, borrow, lend, burn, upgrade, and trade. Sounds like quite a lot of options! It's unclear if these various uses within the system will come all at once or be added onto the app over time. But either way, it seems that Onessus really does want to develop a full-fledged staking system.

The staking system will also function as a burn center, where players with VOID-backed NFT collectibles can redeem their NFTs and receive their VOID tokens.

DappRadar and HodlGod collab

Dropping on July 27th, is the latest HodlGod NFTs, a collaboration with DappRadar consisting of a collection of robot parts. Gather all five, and special NFTs will be airdropped into your wallet in the future.

The full set of parts will not be cheap. $900 if you manage to get all five parts during the initial sale. Buying any parts on the secondary markets will likely be more expensive. And as is the case with most of the HodlGod collectibles, all of these are backed by the equivalent dollar amount of VOID token. At any time players can burn their NFT to retrieve the locked VOID. This is a very interesting way to give guaranteed value to NFTs.

In another twist, the items you purchase during this sale will not be the actual NFTs. Instead they will be non-tradeable tokens, which players redeem later for the actual NFT collectibles. Onessus' hopes this will help alleviate some of the immediate reselling by bots.

What is VOID?

At the heart of Onessus' ecosystem lies the VOID token. HodlGod players with VOID tokens unlock the potential for additional in-game drops, market sellers stake VOID as credit/collateral and have their items placed higher in the search results, and collectors receive first access to sales when holding a certain amount of VOID.

The VOID token will also be central to any future applications created by Onessus. VOID tokens can purchased on the Alcor exchange, earned by playing and streaming HodlGod, or found in certain NFT chests. By burning the NFTs you can unlock the VOID tokens.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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