You are welcome to the hackathon session 7
I have read your project and I am excited for the opportunity it’s bringing for the users to participate in a raffle draw. This is a nice opportunity for people who want to build careers in the crypto space. My question is
You mentioned about NFT and from your answers I leaned that the NFTs can be purchase for 100 TRX. I hope this is correct?
If yes, after the purchase of the NFT with 100 TRX, are users also going to be paying for the daily tickets because I read where you mentioned about it too?
No, users only pay 100 TRX for the acquisition. What you read is related to the prize; the prize accumulates daily in the contract so that this TRX is available at the time of the draw.
Welcome to Hackathon Season 7, are there plans to expand the utility of the NFTs beyond the current raffle system? As adding more utility to these NFTs could increase user demand and engagement.
Good morning and thank you for your warm welcome. As you know, Brutus is a complete ecosystem. And of course, we have considered adding additional benefits within our ecosystem, such as potential discounts on resource rentals or being selected for possible airdrops with future collaborations.
We are evaluating collaborations with emerging memes or other projects, and one of the possibilities we are contemplating are airdrops for the Brutus community, And the lottery is a quick way to Know who supports the project.
Ok, let me explain. BRST is always growing thanks to resource rentals, staking, 10% of what the entire pool sells, and compound interest. Since all TRX is staked daily, contributing to growth through compound interest, we withdraw the amount corresponding to the prize from the contract day by day. This way, we ensure that on the day of the draw, the TRX for the prize is available in the contract to be sent to the winner after burning the corresponding BRST for the prize.
Team Brutus. Welcome to the hackathon. I love the idea. I already have a couple of NFTs purchased. I hope to win a couple of rounds. I would like to know if in the future it will be possible for the BRST reward token to be available on SunSwap so that the exchange can be done more quickly. I mean, I know that it can normally be done on the Brutus Finance platform, but to avoid the 14-day wait or the commission if I wants to withdraw early. Greetings, I hope to see you soon. Let’s win.
First of all, apologies for the delayed response… We are working on a solution for this. It might not be a pool on SunSwap, as you know our token is not speculative, We also can’t offer a quick exit for all the investment because, as we’ve mentioned, the collateral remains staked and renting out the resources it generates. But not all is lost! Some time ago, Brutus enabled a fast withdrawal option that allows users to make quick withdrawals by paying a fee, which also contributes to the growth of BRST. But that’s not all… The team is developing a solution that will allow holders to accumulate the growth of their investment in a contract and perform the proportional burn of BRST to match the growth at the time of withdrawal, so the price isn’t affected. In summary, the user decides how much TRX they want to keep in BRST and withdraw the profits.
!!