Law Token Offers Better Tokenomics with Staking NFTs

I have heard of staking NFTs before and receiving a token as a bonus. I did not fully commit to research these projects, but found it to be a feature that helps sustain price at better level.

I was not convinced on buying Law tokens to buy the Law Punk NFTs, although I did buy one NFT at the mint price of 0.01 BCH, since BCH was also an option.

LAW, though, as a token, seems to be now having an interesting use case, and Law Punks as NFTs will have the ability to stake soon, and offer LAW token in return.

When I see radical changes in a token model, I usually stand back and not feeling very confident. The approach to create additional use cases is not easy to handle especially when there is a fragmented market with the possibility of failure reaching high rates. But, sometimes, there are also changes that clearly will help a cryptocurrency. Such is the case with SmartBCH that has really good odds of succeeding.

NFT staking and Leveling up

Law Punks could have just stayed back and not change anything as other NFTs are doing. For some it works as they see more interest, but for most of others, the interest is lower after some time and nobody cares a lot for the projects after a while, as artists will move to their next collection.

There is simply too much supply in the market today when taking into consideration all the blockchains and all the marketplaces. We have NFTs cost millions of USD, but this can also be just for publicity of the networks and for the media lights. These sales are real, and with such purchases are mostly proceeding the crypto rich whales, but also some other investors for their own purposes.

Interest in this LAWs could be dried out after a while, although I have found it to be in excellent state when it comes to the community. This NFT collection has too many buyers to not consider it. Also the token behind this project, LAW, has been pushing higher for weeks.

It is one of the main attractions of SmartBCH today.

Explanation of the recent update by Dinopawz

Dinopawz gives a full review of the most recent Punks update that is coming within next week.

Here is the link to the chart released by Law Punks team, BlockNG:

https://docs.google.com/spreadsheets/d/12SPhixm0zQsxeWAtJbUJsr9vlF6V_YO_ubXA8yBfyjA/edit

This chart is explaining the new statistic called metaverse power, that will be used to provide minting power for each staked NFT.

Also, a hashrate chart is available to explain how level ups will help increase the rate of LAW tokens stakers will receive as a bonus.

It is interesting as there are some features on what was considered common "humans" seem to have unique high attribute number as 2 humans have 7 different attributes and about 10 human NFTs have 6 attributes.

These give very high hashrate that could bring high profitability to the respectful owners.

Finally

Dinopawz explained very well the new concept of Law Punks. We can speculate that price of LAW will be higher because the token will be required to upgrade the NFTs up to level 100.

All upgrades will be giving more hash power that will increase the LAW mining and profit.

For this reason, I also expect LAW price to do well in the future, as the Punks NFTs already have a great community driving volumes higher and have done excellent as one of the fist NFTs in SmartBCH.

Recommended following:

website: https://blockng.money/

telegram: https://t.me/BlockNGGlobal

telegram 2: https://t.me/LawPunksSale