Our NFTs are built to represent different alliances, and carry different tiers of utility.
For a start, we have the Elementals species, with 5 gemstones representing 5 alliances: Citrine, Emerald, Onyx, Topaz and Sapphire.
New users are not gifted an NFT at the beginning. However, any new user who joins via a referral link will receive a Starter-ranked NFT that entitles them to a 5% rebate on all transaction fees, and another 5% commission from the transaction fees of all of their referees. Only users who own NFTs can generate referral links.
As we launch more competitions, or as users achieve certain trading levels, participants can earn or upgrade to higher-tiered NFTs like those of the Common and Rare ranks, in order to increase the percentage of their rewards. For example, a Common-ranked NFT entitles its user to a 10% rebate on transaction fees, and a 20% commission from the transaction fees of their referees. Anything that is ranked Rare or higher will entitle you to even more rebates and commissions. Only the highest ranking NFT in your wallet will be recognised.
Finally, all MarginX NFTs are limited edition. That means there will be a fixed number of each design and rarity as we will only mint them once.