Announcing: Loot’s Upcoming Platform Launch — Yield Farming + NFTs + Loot Boxes

6 min readDec 31, 2020

LOOT — revolutionizing NFT Farming into what it should have been in the first place. Learn more about our upcoming platform launch.

Announcing- the highly anticipated arrival of our NFT Loot Boxes.

Ready to open NOW!

The Launch Heard ‘Round The World

19 days ago, $LOOT successfully launched garnering over $1 Million in 24-hour volume on Uniswap with the support of its +800-strong community members on Telegram.

In that time, the $LOOT team has been quietly grinding away at the development of the fairest NFT Farming platform the world has ever seen.

NFTLootBox (LOOT) is a fairer and more entertaining decentralized system for farming NFTs.

Our methodology is centered around the distribution of NFTs through Loot Boxes, which gives all users a fair chance of obtaining valuable NFT collectibles and more.

Simply stake $LOOT or $LOOT Liquidity Provider (LP) tokens and earn coins that can be used to open Loot Boxes containing NFTs, cryptocurrency, and more!

Launch

Loot’s platform launch will coincide with the launch of our first collection of signature in-house NFTs.

The rarest NFT in our Genesis collection. It can only be found in Gold and Platinum Loot Boxes. Only 1 available. Ever.

The Genesis Collection will be distributed across three unique loot boxes.

These are the quantity of NFTs and current Odds for each collection. **Legendary and Mythic rarity NFTs can only be found in Gold and Platinum Loot Boxes.

The Silver Loot Box

The user can open a Silver Loot Box once they obtain 1 Silver Coin.

Silver Coins are ERC-20 tokens that are transferable wallet-to-wallet and can be bought and sold, unlike MEME’s pineapples.

Yield farming plus amazing NFTs? ✅

Silver Coins are obtained through two methods:

The user stakes $LOOT tokens in the LOOT Staking Pool and earns 0.2 Silver Coins for each LOOT staked. There is no minimum or maximum of LOOT that can be staked.
The user purchases Silver Coins on Uniswap (NOT LISTED YET).

Once the user opens a Silver Loot Box, one of two things will happen.

The user will obtain an exclusive NFT collectible that can be bought and sold on Opensea.io.
The user will open an empty box. Nothing is contained in an empty Silver Loot Box. HOWEVER, something very special is found in Gold Loot Boxes that do not contain NFTs. More details will be discussed below!

Silver Loot Boxes only contain Common to Epic rarity, you will have to open Gold and Platinum Loot Boxes to find the rarest and valuable NFTs!

Note: Staking in the LOOT Staking Pool comes with a 1% staking and 2% unstaking fee. 90% of Silver Coins used to open Silver Loot Boxes will be burnt while 10% will be kept as a fee. Some collected Silver Coins will be used as a prize in Loot Boxes in the future. These fees will also be used to support the continued operations of the project as well as to provide incentives for holders in the near future.

View the Lootenomics here: https://www.nftlootbox.com/lite-paper

The Gold Loot Box

The user can open a Gold Loot Box once they obtain 1 Gold Coin.

Gold Coins are ERC-20 tokens that are transferable wallet-to-wallet and can be bought and sold just like Silver Coins.

Gold Coins are obtained through two methods:

The user stakes Uniswap ETH/$LOOT LP tokens in the LOOT LP Pool and earns 2.66 Gold Coins for each LP token staked. There is no minimum or maximum of LP that can be staked.
The user purchases Gold Coins on Uniswap (NOT LISTED YET).

Once the user opens a Gold Loot Box, one of three things will happen.

The user will obtain an exclusive NFT collectible that can be bought and sold on Opensea.io.
The user will obtain an NFT collectible that can be exchanged for a cryptocurrency prize! See what cryptocurrency you can win on our Special Collection page.
The user will obtain Junk! Junk is found in Gold Loot Boxes that do not contain NFTs. Junk can be used to open a Platinum Loot Box. More details on Junk will be discussed below.

Note: Staking in the LOOT LP Pool comes with a 1% staking and 2% unstaking fee. 90% of Gold Coins used to open Gold Loot Boxes will be burnt while 10% will be kept as a fee. Some collected Gold Coins will be used as a prize in Loot Boxes in the future. These fees will also be used to support the continued operations of the project as well as to provide incentives for holders and liquidity providers in the near future.

The Platinum Loot Box

The user can open a Platinum Loot Box once they obtain 200 Junk tokens. When you open a Platinum Loot Box, you will ALWAYS win an NFT!

One man’s Junk is another man’s treasure!

Junk tokens are ERC-20 tokens that are transferable wallet-to-wallet and can be bought and sold just like Gold and Silver Coins.

Junk tokens are obtained through two methods:

The user opens a Gold Loot Box and finds Junk! One Junk token will be found in Gold Loot Boxes that do not contain NFTs.
The user purchases Junk tokens on Uniswap (NOT LISTED YET).

Once the user opens a Platinum Loot Box, one of two things will happen.

The user will obtain an exclusive NFT collectible that can be bought and sold on Opensea.io.
The user will obtain an NFT collectible that can be exchanged for a cryptocurrency prize! See what you can win on our Special Collection page.

Note: 90% of Junk used to open Platinum Loot Boxes will be burnt while 10% will be kept as a fee. Some collected Junk will be used as a prize in Loot Boxes in the future. These fees will also be used to support the continued operations of the project as well as to provide incentives for holders and liquidity providers in the near future.

An Issac Newton NFT that can be found in all three Loot Boxes in the future. 250 are available to mint!

LOOTing Towards the Future

2021 will be an amazing year. Especially for the LOOT community! 🥳

Our future plans include:

Partnerships with other amazing projects and communities.
Additional NFT collections created from our skilled in-house artists and purchases of NFTs from popular artists and NFT projects.
Advertising to provide additional funds to support the project.
Added incentives for LOOT holders and Liquidity Providers paid for by fee structure and advertising.
The creation of a fairer NFT Marketplace.

LOOT’s Platform Launch is HERE! Stake $LOOT today!

Come celebrate 2021 in our Telegram and learn more about LOOT using the links below!