What an inspiring week it has been in the cryptoverse! Many of our top cryptos and NFTs skyrocketed recently in response to world events. To sum it up, the world is in danger and cryptocurrencies have taken center stage. As we have previously written about, the old world incentivizes chaos and profit over the benefit of the community. Crypto fixes this, few understand. For this reason, a massive amount of fundraising was done for the people of Ukraine via crypto while all the old institutions failed them. We believe this trend will continue as the world dives deeper into the abyss. Crypto will save us! But enough of the doom and gloom, we exist here specifically to provide an outlet for positivity, community building and sharing knowledge on how to be successful in the coming world of Web3. Which brings us to a unique project we discovered recently — The Age of Sam! A complex and interesting game on the Solana blockchain. Let’s explore the project below, and make sure to read all the way down to find some excellent sneak peeks of the game 😉
What is the Age of SAM NFT Collection?
First, let’s get an overview of the LORE and all the bells and whistles involved in this game. There seems to be a lot here, so kudos to the creators for not publishing another cookie cutter garbage project. Also, the animated NFTs look wonderful!
According to the Magic Eden description, the Age of Sam is:
Solana’s first multi-project hold-to-earn utility NFT. Earn Solarium during weekly Moon Missions and compete for economic dominance on the Dark Side of the Moon.
Essentially, these are “hold-to-earn” utility NFTs for holders of projects represented by the 12 factions of the House SOL. Each faction corresponds to a different NFT project on Solana.
“SAM” is an acronym for Solarium Autonomous Miners, a designation for the work the NFTs perform. Holders are able to stake and send their SAMs on missions to collect the native token, $SOLARIUM.
Keep any of their NFTs in your wallet as you stake your SAM and enjoy up to 2X the $SOLARIUM rewards during your weekly Moon Missions. (A better explanation of the process will be detailed below).
All SAMs have been minted and the collection is now available on Magic Eden. They are currently trading around .88 SOL.
You can follow the project using these links!
Magic Eden: AoS
Discord: Age Of Same
How Does The “Hold to Earn” Function Work?
Next, let’s dive into the functionality of the NFTs. Since this project concentrates heavily on the utility side, this is the most important part, pay attention!
Fun fact: if done correctly, SAM’s enable holders to generate passive income while building a sweet moon base in the project’s metaverse.
So how does it work?
According to the Whitepaper:
Keep any of their NFTs in your wallet as you stake your SAM and enjoy up to 2X the $SOLARIUM rewards during your weekly Moon Missions.
Use $SOLARIUM to purchase and upgrade facilities to build up your Moon Base and establish economic dominance in your corner of the Metaverse.
Essentially, you are able to stake your SAM while going on “Moon Missions” (just like the movie).
Each SAM generates a certain amount of $SOLARIUM, the native token. The amount generated vaires based on the rank of your NFT. For example, the lowest rank is designated as a “recruit.” A staked Recruit generates 2 $SOLARIUM/day during the weekly moon mission. Each rank higher gets you 0.5 more $SOLARIUM until you reach Admiral, which pays out 7.5 $SOLARIUM/day.
You can also generate a multiplier of $SOLARIUM in two ways:
Stake your SAM NFT while holding ANY of the 12 faction NFTs in your wallet for the entire duration of a Moon Mission (7 days) and earn 1.5X SOLARIUM.
Stake your SAM NFT while holding a MATCHING faction NFT in your wallet for the entire duration of a Moon Mission and earn 2X $SOLARIUM. (don’t have a matching NFT? Pick one up from the secondary market)
Passive income = BULLISH!
We got the basics…but there’s a lot more! Now it’s time to briefly analyze the tokenomics. It is always important to check out the schematics behind the coin while doing your research.
Let’s break it down.
According to the Whitepaper:
$SOLARIUM will be fixed-supply with an initial mint of 400,000,000 tokens. The total supply will never change.
Check out the individual use of the funds in this token distribution chart:
Additionally, we assume it will be tradeable on DEXes and there will be a liquidity pool on Raydium, but will have to update in the next article when we get more info.
$SOLARIUM and the Paperhands Tax
Finally, it is important to note that there is a “Paperhands Tax.”
Yes, in crypto land paperhands get smacked — as they should.
The tokens are you are earning through staking are only earned once the 7 day mission is completed. Each day early that you unstake will earn you a certain “tax” on the amount of $SOLARIUM you receive, and that tax is redistributed to good Stakers.
This tax starts at 2 days with a 60% tax, then reduces by 10% each full day until you reach day 7. Once you have successfully reached Day 7, you will be able to harvest your gains, tax free. Harvesting your gains successfully earns you the $SOLARIUM corresponding to your rank and allows you begin a new mission upon completion.
“What do I do with the Solarium that I earned?”
As aforementioned, you will be able to trade it on a DEX and probably stake it in a fusion pool. However, the most fun would be to expand your empire!
With these tokens, you can build up your Moon Base. Which includes Greenhouses, Research Labs, Harvesters, Com Towers, and other buildings.
Age of SAM Game (Sneak Peeks)
Oh good, you made it down here. You’re in luck, because the team has been leaving some breadcrumbs for the game. Although it is currently in development, there are some alluring sneak peeks in the Discord channel.
Check it out!
You begin your adventure after crash landing on the Dark Side of the Moon. You have no equipment, no weapons, and no idea why you’re here. All you know is that the life support systems of your shuttle were easily but swiftly disabled by a mysterious force…
You must explore your surroundings to locate life support components that will allow you to survive the harsh and cold atmosphere of the Moon. You need a power source for both life support and for powering up the main computer located in a distant lab
Woah…we might have to save some for the next update. This is looking pretty interesting. Looks like the team is putting a lot of effort into the gameplay before release.
Is Age of SAM about to blow? We’ll leave this here and let you decide.
Conclusively, we see this as a very fun project. Age of SAM is not a simple “Ape” derivative or some other cheap project. The team has created an interactive space that allows you to hold a superb animated NFT, generate passive income and build you base up. Fun is always the way to go in our opinion, we are always looking for these types of projects. Additionally, the lore behind it is very clever and the Discord is very active, currently sitting at about 8100 members.
What do you think of the project? Please let us know your comments below or message us on Twitter!
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(DISCLAIMER: NOTHING IN THIS POST, OR ANY POST ON PARABOLICALLY.COM IS FINANCIAL ADVICE. PLEASE DO YOUR OWN RESEARCH. UNLESS OTHERWISE STATED, WE ARE NOT AFFILIATED WITH ANY PROJECT WE WRITE ABOUT)