// $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 or to pay the entry fee for special events.
- Individual cards on the Lost Marketplace.
- Complete Decks.
- 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.
// POLYGON Token bridge.
The Lost Glitches team will provide a token bridge which allows all $LOST holders to bridge their token to Polygon. On Polygon, it can potentially be easier to sell or accumulate $LOST tokens because the gas fee involved in trades is not as high as on Ethereum.
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.
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).
Disclaimer: The following features are work in progress and might be changed in the future.
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.
The $LOST contract address is: 0x71854072ce51cC8859c8c178e33581034fa75753
As a special feature, collectors with more than 1 Glitch will be rewarded with minting multipliers.For example, if you’d hold 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 holds 10 glitches.
Two more examples:
- Holding 6 glitches = 6 * 1.6 = 9.6 $LOST tokens/day.
- Holding 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 1 hour 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. Holding a comic in the same wallet will add another multiplier of 1.2x to the reward rate.
The following examples explain the comic booster:
- Holding 6 glitches + 1 comic = 6 * 1.6 * 1.2 = 11.52 $LOST/day
- Holding 13 glitches + 1 comic = 13 * 2 (max multiplier) * 1.2 = 31.2 $LOST/day