How CLOUDK Works
NFT Metadata:
For our architecture, each NFT is associated with specific metadata that determines its properties:
Lifetime: This denotes the duration for which the NFT will be valid, measured in days.
Boost Value: A numerical representation, the boost value indicates the additional benefit or bonus that the NFT provides to its holder.
Generational Decline:
The unique feature of our NFT architecture is that the inherent properties of these tokens, specifically their lifetime and boost value, decrease over time in a structured manner:
Lifetime Decline: Each NFT starts with an initial lifetime of 1080 days. However, every two weeks, this lifetime decreases by 7 days, leading to a decline in its overall duration.
Boost Value Decline: The boost value of the NFT also experiences a reduction. Beginning with a value of 7, the boost value will decrease by 0.1 every two weeks.
Note : From week 104, the boost value will be stagnant at 1.6 % until the end of the period.
First Generation NFT Promotion:
A special promotion has been designed for early adopters. The first generation of NFTs will enjoy an enhanced boost value. Instead of the usual 7, these NFTs will have a boost value of 8.
Below is the details of license generation & its respective boost.
| Generation | lifeTime | boost | weekNumber | Start Date | End Date |
|---|---|---|---|---|---|
1 | 1080 | 8 | 0 | 2023-09-19 | 2023-10-03 |
2 | 1073 | 7 | 2 | 2023-10-03 | 2023-10-17 |
3 | 1066 | 6.9 | 4 | 2023-10-17 | 2023-10-31 |
4 | 1059 | 6.8 | 6 | 2023-10-31 | 2023-11-14 |
5 | 1052 | 6.7 | 8 | 2023-11-14 | 2023-11-28 |
6 | 1045 | 6.6 | 10 | 2023-11-28 | 2023-12-12 |
7 | 1038 | 6.5 | 12 | 2023-12-12 | 2023-12-26 |
8 | 1031 | 6.4 | 14 | 2023-12-26 | 2024-01-09 |
9 | 1024 | 6.3 | 16 | 2024-01-09 | 2024-01-23 |
10 | 1017 | 6.2 | 18 | 2024-01-23 | 2024-02-06 |
11 | 1010 | 6.1 | 20 | 2024-02-06 | 2024-02-20 |
12 | 1003 | 6 | 22 | 2024-02-20 | 2024-03-05 |
13 | 996 | 5.9 | 24 | 2024-03-05 | 2024-03-19 |
14 | 989 | 5.8 | 26 | 2024-03-19 | 2024-04-02 |
15 | 982 | 5.7 | 28 | 2024-04-02 | 2024-04-16 |
16 | 975 | 5.6 | 30 | 2024-04-16 | 2024-04-30 |
17 | 968 | 5.5 | 32 | 2024-04-30 | 2024-05-14 |
18 | 961 | 5.4 | 34 | 2024-05-14 | 2024-05-28 |
19 | 954 | 5.3 | 36 | 2024-05-28 | 2024-06-11 |
20 | 947 | 5.2 | 38 | 2024-06-11 | 2024-06-25 |
21 | 940 | 5.1 | 40 | 2024-06-25 | 2024-07-09 |
22 | 933 | 5 | 42 | 2024-07-09 | 2024-07-23 |
23 | 926 | 4.9 | 44 | 2024-07-23 | 2024-08-06 |
24 | 919 | 4.8 | 46 | 2024-08-06 | 2024-08-20 |
25 | 912 | 4.7 | 48 | 2024-08-20 | 2024-09-03 |
26 | 905 | 4.6 | 50 | 2024-09-03 | 2024-09-17 |
27 | 898 | 4.5 | 52 | 2024-09-17 | 2024-10-01 |
28 | 891 | 4.4 | 54 | 2024-10-01 | 2024-10-15 |
29 | 884 | 4.3 | 56 | 2024-10-15 | 2024-10-29 |
30 | 877 | 4.2 | 58 | 2024-10-29 | 2024-11-12 |
31 | 870 | 4.1 | 60 | 2024-11-12 | 2024-11-26 |
32 | 863 | 4 | 62 | 2024-11-26 | 2024-12-10 |
33 | 856 | 3.9 | 64 | 2024-12-10 | 2024-12-24 |
34 | 849 | 3.8 | 66 | 2024-12-24 | 2025-01-07 |
35 | 842 | 3.7 | 68 | 2025-01-07 | 2025-01-21 |
36 | 835 | 3.6 | 70 | 2025-01-21 | 2025-02-04 |
37 | 828 | 3.5 | 72 | 2025-02-04 | 2025-02-18 |
38 | 821 | 3.4 | 74 | 2025-02-18 | 2025-03-04 |
39 | 814 | 3.3 | 76 | 2025-03-04 | 2025-03-18 |
40 | 807 | 3.2 | 78 | 2025-03-18 | 2025-04-01 |
41 | 800 | 3.1 | 80 | 2025-04-01 | 2025-04-15 |
42 | 793 | 3 | 82 | 2025-04-15 | 2025-04-29 |
43 | 786 | 2.9 | 84 | 2025-04-29 | 2025-05-13 |
44 | 779 | 2.8 | 86 | 2025-05-13 | 2025-05-27 |
45 | 772 | 2.7 | 88 | 2025-05-27 | 2025-06-10 |
46 | 765 | 2.6 | 90 | 2025-06-10 | 2025-06-24 |
47 | 758 | 2.5 | 92 | 2025-06-24 | 2025-07-08 |
48 | 751 | 2.4 | 94 | 2025-07-08 | 2025-07-22 |
49 | 744 | 2.3 | 96 | 2025-07-22 | 2025-08-05 |
50 | 737 | 2.2 | 98 | 2025-08-05 | 2025-08-19 |
51 | 730 | 2.1 | 100 | 2025-08-19 | 2025-09-02 |
52 | 723 | 2 | 102 | 2025-09-02 | 2025-09-16 |
53 | 716 | 1.9 | 104 | 2025-09-16 | 2025-09-30 |
54 | 709 | 1.6 | 106 | 2025-09-30 | 2027-09-07 |
NFT Reward Calculation: Steps and Methodology
Step 1: Minting token Locking
To become eligible for rewards, a user needs to lock a specific amount of Minting token associated with their NFT. The details for this are as follows:
Maximum Minting token: An NFT holder can link minting token up to twice the Euro value of their NFT. Considering each NFT is priced at $100, the maximum amount ofMinting token that can be locked is $200.
Minting Token: The Minting token should be in the form of LYK tokens.
Lock Duration: Users have three options for the locking period - 12 months , 24 months and Max
Upon locking, the system will record a value termed as Base Lock Value (BLV). The BLV is equivalent to the LYK Price at Market (PTM) at the time theMinting token was locked.
Step 2: Daily Reward Percentage Calculation
The next step involves determining the daily reward percentage a user can retrieve. This percentage is derived from the properties of the NFT the user holds:
Maximum Retrievable Daily Reward %= Boost Value / Lifetime
Here:
Boost Value is taken from the NFT's metadata.
Lifetime is the current lifetime of the NFT in days.
This formula ensures that the reward percentage is directly influenced by the unique characteristics of each NFT and adjusts based on its generational decline.
We are incorporating the current LYK price into the reward distribution for the respective software license.
NFT Reward Qualification: Determining Disqualifications
Step 3: Minting token Lock Duration Analysis
The duration for which a user locks their Minting token significantly impacts their rewards:
12-Month Lock: If a user has chosen to lock their Minting token for 12 months, then 60% of their total rewards are disqualified. This means that the user progresses to the next step with only 40% of the Maximum Retrievable Daily Reward Percentage.
24-Month Lock: For users who've locked their Minting token for a 24-month period, no disqualification occurs at this step. The user moves to the next stage with 100% of the Maximum Retrievable Daily Reward Percentage intact.
Max Lock: Same as 24-Month lock
Step 4: Price at Market (PTM) and Growth Level Price (GLP) Evaluation
This step involves analyzing two critical price points - the current Price at Market (PTM) and the Growth Level Price (GLP). The relationship between these two values determines the reward percentage:
PTM > GLP: If the PTM is greater than the GLP, the Maximum Retrievable Daily Reward Percentage is recalculated as: New Maximum Retrievable Daily Reward Percentage=Maximum Retrievable Daily Reward Percentage*GLP/PTM
In this scenario, the formula calculates the disqualified amount based on the PTM's growth over the GLP.
PTM ≤ GLP: If the PTM is less than or equal to the GLP, then the Maximum Retrievable Daily Reward Percentage remains unchanged, and the user progresses to the next step with this value.
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