🥮BLW Token Utility & Staking

The BLW Token is the primary utility token within the Blista World ecosystem. It plays an essential role in supporting the ecosystem, enabling staking rewards, exclusive access to content, and potential future governance participation.

This section will explain how the BLW Token is utilized and how the NFT staking system allows participants to earn rewards by staking their NFTs and tokens.

1 Token Utility

The BLW Token serves multiple functions within the Blista World ecosystem, making it integral to the project's structure:

• Exclusive Purchases: BLW Tokens can be used to acquire Blister Packs containing surprise assets or purchase special edition NFTs from the Blista World collection.

• Staking Rewards: Users can stake their NFTs (from the Blista World collection) to earn BLW Tokens as rewards. This staking process enables passive income for collectors who participate in the ecosystem.

• Governance Participation: BLW Token holders will have the ability to vote on future project decisions, such as new NFT releases, community initiatives, and collaborations.

• Exclusive Access: BLW Token holders may also gain early access to special NFT drops, limited edition content, and other exclusive rewards reserved for dedicated participants.

2 NFT Staking (waxdao.io)

To enhance engagement and create ongoing rewards for collectors, Blista World has integrated an NFT staking system hosted on waxdao.io. This allows users to stake their Blista World NFTs and earn BLW Tokens.

Key details of the NFT staking system include:

• Stake NFTs: Users can stake their NFTs from the Blista World collection to earn rewards in BLW Tokens.

• Earn BLW Token Rewards: Stakers receive BLW Tokens periodically as rewards for their participation. The rewards may vary depending on the rarity of the NFTs being staked.

• Support the Ecosystem: NFT staking helps strengthen the Blista World ecosystem by encouraging the long-term engagement of collectors and ensuring the stability of the token economy.

3 Staking Rewards

Staking rewards will be distributed based on the following factors:

• Rarity of NFTs Staked: The rarity level of the NFT staked will impact the staking rewards. Rare and Legendary NFTs may yield higher rewards.

• Number of NFTs Staked: Users who stake multiple NFTs may receive cumulative rewards.

• Staking Duration: The longer the NFTs are staked, the more rewards users will earn, encouraging long-term participation.

Key benefits of staking NFTs include:

• BLW Token Rewards: Collectors can earn BLW Tokens as a reward for staking their NFTs.

• Exclusive NFT Drops: Staking rare NFTs may unlock exclusive content, special NFT drops, or early access to limited edition items.

• Rarity Multipliers: Users with rare or Legendary NFTs may see higher reward rates due to the rarity multipliers.