🤔FAQ

When participating in auction, will we get a fixed share based on what we put in or will it depends on how many other that participates that day (like Shogun)?

Exactly! Just like other auction-based protocols, you’ll receive a share of the daily allocated tokens. Your share is determined by the percentage of your contribution compared to the total contributions from all participants that day.

What is NFT and how to get it?

DragonX Rewards

If you own one of the Ascendant NFTs (unique digital collectibles), you can regularly earn DragonX tokens as rewards. These payouts happen every 8, 28, or 90 days. DragonX is highly valued because it has a “hyper-deflationary” design, meaning its supply decreases over time, which can make it more scarce and potentially more valuable.

What is an NFT?

An NFT (Non-Fungible Token) is like owning a one-of-a-kind digital item. Think of it as a digital piece of art or a membership card, but it’s stored on the blockchain, making it unique, secure, and easily tradable. Each Ascendant NFT not only carries its Ascend token value and looks cool but also comes with perks like these DragonX rewards.

How to Get an Ascendant NFT

You can obtain an Ascendant NFT by "Minting" using Ascend tokens on the website or by purchasing them from other holders on the native NFT marketplace. Owning one of these NFTs unlocks all the rewards and benefits within the Ascendant ecosystem.

Is it a 10d auction to get Ascendant tokens and then use these to mint NFT’s and then we receive regular Dx rewards?

Yes, spot on, the first 10 days is the phase when the majority of the tokens will be distributed, from day 11 onwards Ascendant becomes a fixed supply token, meaning no new tokens will be created.

The Ascendant Pride (the ecosystem’s treasure) uses part of its revenue to buy and feed tokens to be used in future auctions.

Use the Ascend tokens to mint NFTs, which act like a liquid form of staking. Your tokens are locked into the NFT retaining its value, but you can power down the NFT at any time to get your Ascend tokens back.

You can trade your NFTs on the native marketplace, transfer them to another wallet, or even gift them to family members.

Just curious, what do common, rare and legendary refer to in the NFT marketplace? I can't find any info anywhere on these descriptions.

All NFTs in the same tier cost the same, but rarities could add speculative value, potentially letting you sell them for more on the marketplace.