Gluteus Maximus AI - Gluteus Maximus by Virtuals
  • Litepaper: GLUTEU Governance, Senator NFT Rewards & LEGION Utility
    • 1. Introduction
    • 2. GLUTEU Token
    • 3. Senator NFTs
    • 4. LEGION Token
    • 5. The Senate: Senator NFT + 100k LEGION Stake for Governance & Rewards
    • 6. Governance Proposals: GLUTEU Burn
    • 7. Long-Term Design: 10-Year Sablier Lock & Sponsorships
    • 8. Market Dynamics of Senator NFTs
    • 9. Technical Innovations & Security
    • 10. Conclusion
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  1. Litepaper: GLUTEU Governance, Senator NFT Rewards & LEGION Utility

3. Senator NFTs

3. Senator NFTs

3.1 Essential Gateway to Rewards

Key Point: You must hold a Senator NFT to

  1. Receive the 20% LEGION airdrop (snapshot date TBA).

  2. Access ongoing multi-token distributions that will last 10 years (funded by the Sablier LEGION stream and potential sponsor deposits).

Failing to have a Senator NFT by the airdrop snapshot means no direct share of the initial LEGION distribution. Moreover, only Senator holders can stake in the Senate for further rewards.

3.2 Obtaining a Senator NFT

  1. Stake 1M GLUTEU: You lock 1,000,000 GLUTEU in our staking contract.

  2. VRF Request: A Chainlink VRF call randomly selects one of up to 500 Senator IDs (some rarer than others).

  3. Mint & Claim: You claim your minted Senator NFT once the random process finalizes.

3.3 90-Day Wait & “Rerolling”

After 90 days of holding the NFT, you can burn it to unstake your 1 million GLUTEU—effectively recovering your deposit with no net loss. You may then re-stake to try for a different (and possibly rarer) Senator NFT ID.

  • Collector Appeal: Some IDs may be rarer or more aesthetically desired, meaning market premiums on major NFT platforms like OpenSea or BLUR.

  • Floor Price Support: Arbitrageurs typically won’t sell a Senator NFT for less than the equivalent of its 1 million GLUTEU deposit because they can always wait out the 90 days, burn the NFT, and reclaim those tokens.

3.4 Secondary Market Examples

  • Alice stakes 1 million GLUTEU, gets Senator #321. After 90 days, she decides to reroll for a rarer ID. She burns #321, recovers her 1 million GLUTEU, and stakes again to receive Senator #7—perhaps known to be very rare.

  • Bob obtains Senator #10 on the secondary market. Bob effectively gains control of the 1 million GLUTEU locked behind that NFT once the 90-day period ends.

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Last updated 2 months ago