The Lost Glitches — Rewards System and $LOST token.

// Full map of the rewards system of The Lost Glitches project.

Today we would like to talk about the rewards system of The Lost Glitches project. Our reward system is pretty comprehensive, however, it’s a lot of information to take in and we want to recap for those who may not fully understand or who may be new to the project. In this article, we will dive into the details and explain each part of the reward system of our project to give you a better understanding of the full picture.

Let’s start with the most common question.

Q: What will I get if I own one Glitch?

// Access to the Exclusive Giveaways.

If you are the holder of one Glitch, you are getting access to exclusive giveaways for the Glitch holders only. These take place on our

Discord server here: https://www.discord.gg/thelostglitches

To verify your Glitch ownership, all you need is to join our Discord server and type !JOIN in the #bot-commands channel and follow the instructions sent to you in DM. After the verification, the “Glitched” role will be assigned to you, and you will be granted access to the Deep Sky section of the server, where you can participate in the exclusive giveaways.

The last giveaways were: Yamaha MT-07, Play Station 5, Oculus QUEST 2, Nintendo Switch, Exclusive Deep Sky NFTs and other fantastic prizes.

// Exclusive Class NFT artwork.

Each Glitch in the collection belongs to 1 of 22 total classes: Pioneers, Players, Visionaries, The Enlightened, Ethereum Elite, Conquerors, Diamond Minds, Nomads, Explorers, Zombies, Mind Readers, Miners, Prophets, Mages, Rogues, Dreamers, Gas Thieves, BTC Pirates, Hodlers, Punks, Founders and Immortals.

Each holder will receive an additional 100% hand-drawn and animated artwork NFT based on the class of their Glitch! This NFT can only be claimed once through the claiming interface on our website in the coming months.

// Syndicate Leader NFT artwork.

This is where it becomes even more interesting. Each Glitch can join 1 of 5 Syndicates: Adamant Hands, Curators Maxima, Sentinels of Eternity, Song of the Chain or Guardians of the Source. This can be done via our claiming UI: https://app.playlostglitches.com — there you will assign your Glitch to a syndicate of your choice and then claim the Syndicate Leader as an animated NFT artwork. Each Glitch can join one Syndicate, so if you own four Glitches, you can join all four syndicates and claim all four Leaders NFTs. You could also join the same Syndicate or join none, the choice is yours!

While you can join the first four syndicates by just owning a Glitch, the 5th Syndicate, Guardians of the Source, is a special one. To join this Syndicate, you will need to own a 3D Figurine of the Ephira, Sentinel of the Coins as well as a comic.

// 3D Figurine of the Sentinel of the Coins.

All the Glitch holders who own 5 or more different Glitch classes were able to claim this NFT. At this moment, there are only 361 total available on the secondary markets. Which means that currently the 5th Syndicate can only have 361 members in total. Roughly 600 people qualified to mint, so this number could grow!

There won’t be any other opportunities to claim the 3D Figurine of the Ephira, Sentinel of the Coins. So the only ones available are those on the secondary markets.

// $LOST token Rewards.

On December 10th every Glitch will receive 10 $LOST tokens as an initial bonus and once staking is activated will start earning 1 $LOST token per day. The token will have different use cases and when the game is released, you will be able to spend your $LOST tokens to buy all sorts of items in the game.

And remember: 1 $LOST = 1 $LOST.

For example:

  • Individual cards on the Lost Marketplace.
  • Complete Decks.
  • Boosters.
  • Characters.
  • Avatars.
  • Companions.
  • In-Game NFTs.
  • Tournament Access.
  • Syndicate Pass.
  • Season Pass.
  • Other Cosmetic Upgrades.

It’s important to note that our game won’t contain any items that could give you an advantage over other players. We are against any Pay2Win mechanics, and you will never see them in our game.

The $LOST token will be a regular, burnable ERC-20 token with an uncapped supply. It will have 18 decimals and thus will be divisible. The smart contract code will be published and verified as soon as our tech team has done their work. We’ll provide a sub-page on our website where glitch holders will be able to connect their wallets to then be able to call the $LOST minting function — for every 5 $LOST minted, 0.5 (10%) will go into a DEV fund.

Q: Should you buy the $LOST token?

Important: The $LOST token should not be seen as a security token or as an investment vehicle.

It will be usable in the The Lost Glitches game later and can be redeemed for certain features/items. That way it can typically be classified as a utility token. To add some basic liquidity for the token, the TLG team is planning to use a part from the comic sales to add liquidity for the $LOST token on a DEX (decentralized exchange). Of course, everyone from the community is free to add liquidity later on a DEX of their choice.

Disclaimer: The following features are work in progress and might be changed in the future.

So if you own one Glitch, you will be receiving 1 $LOST token per day in rewards that you can redeem in the game or trade on a DEX (decentralized exchange).

Q: What if I own more than one Glitch?

To answer this question, we need to circle back to the beginning of the article. If you own more than one Glitch, you will receive:

  • x1 Class NFT for each Glitch you own. (22 Maximum total of Classes NFT).
  • You can assign each of your Glitches to a Syndicate and claim its Leader NFT. (No Limits, each Glitch can claim the Leader NFT).

We did a snapshot of the wallets containing 10 or more Glitches today, November 08, 2021 and these wallets have been whitelisted to mint a free comic on the release day!

Snapshot was taken at this block: https://etherscan.io/block/13574000

Now to the $LOST token.

As a special feature, collectors with more than 1 Glitch will be rewarded with minting multipliers. For example, if you stake 2 Glitches at a time that would allow you to mint 2 $LOST tokens per day. Now with the multiplier introduced, you’ll be able to mint 2 * 1.2 $LOST tokens so 2.4 $LOST tokens per day. The multiplier will be increased by 0.1 per additional Glitch held with a cap of 2x in case somebody stakes 10 glitches.

Two more examples:

  • Staking 6 glitches = 6 * 1.6 = 9.6 $LOST tokens/day.
  • Staking 13 glitches = 13 * 2 (max multiplier) = 26 $LOST tokens/day.

// The Lost Glitches Comic.

We will release a maximum number of 10 000 comics. Minting price will be announced at a later stage, however, each Glitch Holder will receive a 25% discount and it will be free to mint for owners of the Immortals class. The comic will be around 15 pages and feature the adventures of Ephira and Hoshi.

Glitch holders will have access to a comic pre-sale before public drop.

// The comic booster.

In addition to the multiplier mentioned above, there will be an additional benefit for comic holders. Staking a comic in the same wallet will add another multiplier of 1.2x to the reward rate.

The following examples explain the comic booster:

  • Staking 6 glitches + 1 comic = 6 * 1.6 * 1.2 = 11.52 $LOST/day
  • Staking 13 glitches + 1 comic = 13 * 2 (max multiplier) * 1.2 = 31.2 $LOST/day

This will allow you to receive 20% more in $LOST.

I know it’s a lot of information, but please stay with me; we will do a recap at the end!

For now, we already clearly understand that owning Glitches give you options to claim Classes NFT, Syndicate Leaders and earn $LOST token in rewards.

But …

Q: What are the benefits of holding Classes NFTs and the Syndicate Leaders?

It’s an excellent question. Holding these NFTs will provide you bonuses in the game. We wanted to build our rewards system in a way that all Glitch holders can get not only rewards in $LOST tokens but also receive unique perks in the game when it’s released. The Class NFTs and the Syndicate Leaders are the fundamentals of the in-game rewards. For example:

Class NFT rewards:

  • Unique Avatar.
  • Special Skill.
  • Bonus Boosters Packages.
  • Special Title.
  • Unique Cards Back.
  • Full list of the items will be shared close to the release day.

Leaders NFT rewards:

  • Unique Avatar.
  • Bonus Boosters Packages.
  • Special Title.
  • Syndicate Pass.
  • Season Pass.
  • Reputation Boost to level 10.
  • Syndicate Cards Back.
  • Full list of the items will be shared close to the release day.

Disclaimer: The following features are work in progress and might be changed in the future.

Q: What if I don’t own any Glitches, but I want to buy a comic?

If you don’t own any Glitches and only buy the comic, you will receive 500 $LOST tokens, early access to the game and access to a unique quest in the game where you will be able to earn an extra rare NFT and other in game items. These rewards will be available only in this questline and can’t be obtained in any other ways in the game.

Full list of the items will be shared close to the release day.

500 $LOST in rewards into their Deep Sky Network accounts to all Comic Holders!

Recap:

Ok, it’s a lot of information and bonuses. Let’s do a quick recap!

If you own a Glitch, you can participate in exclusive events and giveaways. Claim its class’s NFT and join a Syndicate to claim it’s Syndicate Leader NFT. These NFTs will provide you with cool bonuses and items in the game when it’s released. While waiting for the game release, each Glitch earns you $LOST tokens that you can hold or trade on a DEX (decentralized exchange). If you stake more than one Glitch, you are activating multipliers mentioned above, and generating you more $LOST tokens per day. At the same time, if you decide to buy the comic, you will receive 25% discount for the comic mint and pre-sale access. The comic will also act as an additional multiplier and generate 20% more in $LOST tokens. If you don’t own a Glitch, you will still benefit from buying the comic. The comic will give you early access to the game as well as a unique quest for all the Comic holders. By completing this in game quest, you will be granted a very rare NFT as well as cosmetics and cards; these rewards will be available only in this quest and can’t be obtained in any other ways in the game.

Voila! As you can see our rewards and utility system is pretty comprehensive. We hope that now you see clearer how we’ve structured it and how each element is working together.

We will sure have more surprises for you, so stay tuned!

// About The Lost Glitches.

The Lost Glitches is a collection of fantastic avatar-style portraits. Each NFT represents a person lost in the Deep Sky Network. The NFTs are not only excellent artworks but each Glitch as well as the upcoming class NFTs will play a role in the play-to-earn game in the future.

Links:

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OpenSea Collections:

The Lost Glitches
Deep Sky Network