App economy & NFT Vehicle attributes
An overview of the progression of an NFT through the Atlas Navi levels.
A vehicle's metrics are described as below:
FUEL: Just like in real life, a vehicle with Atlas Navi needs fuel to be driven and earn. Without fuel, there are no rewards earned, however this does not impact the functioning of the navigation app in general. Therefore, a vehicle NFT will stop earning when there is no fuel left.
Fuel is deposited into two main tanks. There is the MAIN tank, which is FREE and regenerates every X hours and there is a PAID, called EXTRA FUEL TANK, which is optional.
MAIN FUEL TANKS: the capacity of a vehicle's fuel tank generated free every few hours according to the Main Tank Refuel Duration (hours) column in the table specific to each NFT collection. Main Tank Refuel Duration: Represents the number of hours in which the main tank generates X% of free fuel. For Beltoise BT01, this is set at 6 hours regardless of Level. Main Tank Refuel %: Represents the percentage (%) at which the Main Tank gets refilled every X hours. In the case of Beltoise BT01, this is set at 25% every 6 hours.
EXTRA FUEL TANKS: This is extra fuel, which has to be filled up and paid for before the start of each trip. If you run out of fuel during a trip, there will be no warning and you will stop earning $MILEs until you refuel. At the moment there is no visual indicator of the remaining fuel during a trip although this is being worked on. Extra fuel allows a NFT to progress faster through the Levels (see below) and attain higher Reward Rates for each mile. However, it is completely optional and users don't have to pay for it unless they choose to. The cost of the extra fuel will always be less than the rewards earned for that trip (in $MILEs, please be careful when converting to NAVI as different MILE-to-NAVI exchange rates can affect your profitability based on how many NAVI was paid for the extra fuel).
To spend NAVI on the extra fuel, a driver has to have a positive NAVI balance. How to deposit or earn $NAVI:
- 1.Earning $NAVI from referrals.
- 2.Driving with an NFT and earning $MILEs which are then converted to $NAVI by the user.
- 3.Depositing $NAVI from a MetaMask wallet directly in the app. (no exchange wallets, your NAVI will be lost!!!)
- 4.Buying $NAVI with in-app purchase directly in the app. This is the most expensive option as the price includes the commission for the App Stores (15-30%) but it is the most convenient one. We do not add a commission to this, we just add Apple's and Google's commission on top of the exchange rate between USDT / NAVI from KuCoin.com.
REWARDS LEVELS: This represents the reward level for the vehicle. For the Beltoise BT01 NFTs for example, the reward Level 1 starts at 100%, meaning that the driver is getting 100% of the miles credited for each trip. At Level 2, the reward grows to 102%, at Level 20, the reward level is 155% and so on, meaning that the driver is actually receiving a bonus the more he drives and earns MILEs.
A vehicle rises through the Level only be earning MILEs. Different "Mileage" values are needed to attain different Levels. A driver cannot stop or pause a vehicle from accumulating MILEs and rising through the levels.
Future NFTs might be cheaper and start at a reward rate that can be below 100%.
Very important: Just like in real life, after a certain mileage and once it hits Level 30, a vehicle's reward rate drops significantly. In the case of Beltoise BT01, this drops to 30% at Level 30. Please be extremely careful when buying a "used" NFT and pay attention to its level.
MILEAGE needed: Similar to real vehicles, mileage is accumulated for each NFT you own. Mileage is what allows a vehicle to move from one Level to the next, increasing the reward rate with each level (except the last). Only MILEs earned contribute to the vehicle's mileage.
Please check the Beltoise BT01 NFT attributes to get a better understanding of their earnings potential.