LogoLogo
  • Messier Applications
    • Overview
    • Open Hatch
      • Escrow
        • User Profile
        • Open a new Hatch
        • Validators
        • Disputes
        • EscrowBot
      • Explorer Platform
        • Creator Studio
        • Explorers
        • Fees
        • Corporate Account
      • Safety
      • FAQ
    • P2P Exchange
      • Key Features of Messier P2P Exchange
      • Telegram P2P Bot Workflow
      • P2P Exchange Guide
      • Telegram P2P Guide
      • Exchange Fee
      • FAQ
    • Horizon
      • How does it work?
      • Deposit & Withdraw
        • Web3
        • Telegram Bot
      • Fees
      • Omit
      • Anonymity Tips
      • Safety
    • Adastra
      • How does it work?
        • Starting up Adastra
        • Business Account
        • Personal Account
      • Adastra's Ecosystem
        • Adastra Wallet
          • Mobile
          • Web3
          • Applications
        • Adastra Card
          • Adastra Virtual Card User Guide
          • Adastra Physical Card User Guide
        • POS Machine System
          • Phase (1)
          • Phase (2)
        • Web Gateway Integration
      • Features Milestones
      • FAQ
  • Messier AI
    • Overview
    • Messier GPU Nodes
      • Lending
      • Borrowing (Deployments)
      • Leaderboard
      • Dashboard
      • Profile Section
      • FAQ
  • M87 Token
    • Tokenomics
    • Utility
    • Safety
    • Get M87
  • Messier DAO
    • Intro to VirgoDAO
    • Quick Guide
    • Treasury
    • Staking
    • Pōwehi
    • Halo
    • Proposals
    • Voting and Rewards
    • Dark Matter
    • Cycles, Dark Listed and Supernova
    • One-Pager
    • Audit
      • Solidproof
      • CertiK
      • Beosin
      • Q&A
  • Messier Objects NFTs
    • Concept
    • Auctions
    • Utility
  • General
    • Messier Roadmap
    • Messier Audits
    • Messier Links
    • Messier FAQ
    • Disclaimer
    • Featured On
Powered by GitBook

Copyright ©2023 MESSIER | M87. All rights reserved.

On this page
  1. Messier Objects NFTs

Utility

How does the NFT work?

  • Once a Messier Objects NFT has been successfully auctioned to a buyer, a smart contract will exchange the M87 tokens for equal amounts of two separate staking token types.

  • The original M87 tokens will be sent to the burn address, permanently removing them from the circulating supply. The newly acquired staking token types will be wrapped in an immutable smart contract and bound to the NFT permanently.

  • The first staking token type will gain yield from Pool 1 (all M87 token stakers receive yield from this pool) and the second type will gain yield from Pool 2 (Messier Objects NFT holders exclusively receive yield from this pool).

  • Messier Objects NFTs will have their own exclusive dashboard in Virgo's user interface.

  • Messier Objects NFT holders will be able auction their own NFTs on for ETH via our dashboard.

  • Messier Objects NFTs will be subject to a resale fee of 4% and will only be sellable for ETH. All fees collected from the resale of any of the Messier Objects will be sent directly to the treasury of Virgo.

  • Messier Objects NFT holders will occasionally benefit from special fees when using Messier's dApps. These perks may include discounts or even full exemption from dApp fees, offering further utility and incentives for holding these NFTs.

PreviousAuctionsNextMessier Roadmap

Last updated 5 months ago

Page cover image