New SWAGGYLions Club NFT created by House of Kings Co.
House of Kings Co creates first NFT Collection called SWAGGY Lions Club www.swaggylionsclub.io
What is SWAGGYLIONS CLUB ?
SLC is a collection releasing on the Polygon Network consisting of 5,555 SWAGGY Lions. The purpose of SLC is to create a self-sustaining ecosystem in which, the more NFT Tokens the holders have in their portfolio, the more benefits and rewards the holder will have access to.
These rewards and benefits consist of a network of like-minded creatives to collaborate with, mining reward distributions, staking reward distributions, play2earn features with our partnered applications, and a “possible” animated series in which all revenue generated would come back to the community wallet for all holders.
We have high hopes of creating multiple self-sustained individuals through our community and using this as leverage to continue the growth of our rewards community.
When this project succeeds it will give us the ability to create sustainable energy in cities and countries such as Puerto Rico, South Africa, Haiti, or Columbia. This energy will come in the forms of solar panels or wind turbines in cooperation with local non-profits, and government entities to provide this energy. Of course as we development we will announce information with who we chose to partner with and etc. For those who did not know sustainable energy is having issues with sustainable storage and long term I wish to solve this problem .
Why Join Swaggy Lions?
Innovation. We believe that blockchain technology & smart contracts have the potential to do much more, and we intend to push the boundaries of innovation.
Inclusiveness. We aim to bring as many people as possible on the journey of discovery of the potential of NFTs. Instead of creating an ‘exclusive’ club with a high barrier to entry, we aim to create an inclusive & positive environment for newcomers in the NFT space.
Utility. We thrive to bring utility to digital ownership, and to pursue opportunities to connect the digital space with physical.
Value. We aim to create a community that collectively makes an impact, along with a community managed company & roadmap of each project within SWAGGYLions NFT.
Unique. Community ownership in SWAGGYLions NFT allows for a new type of ecosystem which the world has yet to explore.
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What is cryptocurrency mining? Mining is a process that uses computers or specialized hardware to confirm cryptocurrency transactions. A miner will group valid transactions into blocks and if these blocks are accepted by the corresponding cryptocurrency’s network, they become part of a public ledger on the blockchain
The competitive process that verifies and adds new transactions to the blockchain for a cryptocurrency that uses the proof-of-work (PoW) method. The miner that wins the competition is rewarded with some amount of the currency and/or transaction fees.
What Is Proof of Work (PoW)? Proof of work (PoW) describes a system that requires a not-insignificant but feasible amount of effort in order to deter frivolous or malicious uses of computing power, such as sending spam emails or launching denial of service attacks.
Our mining rewards is the reason you are most likely here. This is how the mining rewards will work. As we approach key milestones such as 25%, 50% 100%, we will attain and create a specific amount of ETH Miners created. At 100% Sold SLCs. We will be able to work on 200+ ETH Miners each holding 12 GPUs that will take about 3–6 months to have all miners 100% online and distributing rewards to the ETH Community Wallet. Each Miner has 12 GPUs ranging from 1660s to currently today April 22, 2022, 3090s graphics cards (Check eBay and Stock X). Once the miners are online, a link will be distributed to a key dashboard showing daily hash rates, and current accumulation in ETH. There will then be a monthly snapshot showcasing who has the required amount of NFTs to receive and we will send out the rewards according to such per tier.
Like a lot of things in crypto, staking can be a complicated idea or a simple one depending on how many levels of understanding you want to unlock. For a lot of traders and investors, knowing that staking is a way of earning rewards for holding certain cryptocurrencies is the key takeaway. But even if you’re just looking to earn some staking rewards, it’s useful to understand at least a little bit about how and why it works the way it does.
If a cryptocurrency you own allows staking you can “stake” some of your holdings and earn a percentage-rate reward over time. This usually happens via a “staking pool” which you can think of as being similar to an interest-bearing savings account. The reason your crypto earns rewards while staked is because the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process.
What is Proof of Stake?
A newer consensus mechanism called Proof of Stake has emerged — with the idea of increasing speed and efficiency while lowering fees. A major way Proof of Stake reduces costs is by not requiring all those miners to churn through math problems, which is an energy-intensive process. Instead, transactions are validated by people who are literally invested in the blockchain via staking. Staking serves a similar function to mining, in that it’s the process by which a network participant gets selected to add the latest batch of transactions to the blockchain and earn some crypto in exchange.
The exact implementations vary from project to project, but in essence, users put their tokens on the line for a chance to add a new block onto the blockchain in exchange for a reward. Their staked tokens act as a guarantee of the legitimacy of any new transaction they add to the blockchain.
The network chooses validators (as they’re usually known) based on the size of their stake and the length of time they’ve held it. So the most invested participants are rewarded. If transactions in a new block are discovered to be invalid, users can have a certain amount of their stake burned by the network, in what is known as a slashing event.
Many long-term crypto holders look at staking as a way of making their assets work for them by generating rewards, rather than collecting dust in their crypto wallets. Staking has the added benefit of contributing to the security and efficiency of the blockchain projects you support. By staking some of your funds, you make the blockchain more resistant to attacks and strengthen its ability to process transactions. (Some projects also award “governance tokens” to staking participants, which give holders a say in future changes and upgrades to that protocol.)
Staking often requires a lockup or “vesting” period, where your crypto can’t be transferred for a certain period of time. This can be a drawback, as you won’t be able to trade staked tokens during this period even if prices shift. Before staking, it is important to research the specific staking requirements and rules for each project you are looking to get involved with.
How do I start staking? SLC Staking Rewards
As we further develop we will release an active staking platform in which you can deposit your NFT Tokens of SLC into a DAPP to stake them for specific time frames. In this time frame you will earn a specific amount of Coins TBA. As the equation and more information is released we will provide more details within our discord and communication lines. As of right now staking will not affect your mining rewards due to snapshot, this was a great question in a hosted space. The staking equation will be released as development progresses.
**💵🤑DISCORD CURRENCY REWARDS! ($CRWNS)💵🤑**
WHAT IS $CRWNS!
$CRWNS is the SWAGGYLIONSCLUB discord currency where you can work, play, and earn to earn yourself an AMAZING REWARDS OR MERCH!
👑HOW CAN I EARN $CRWN?!👑
$CRWN can easily be earned in a lot of different ways! Such as:
We added a various of games you can play to earn $CRWN anytime! Check out the post below to see the info on all the games! (PLEASE avoid using /games in #crwn to avoid clutter)
You can claim CRWNS daily with /daily in the <#crwn> chat! You can get anywhere from 50 $CRWN to 120 $CRWN daily!!🤯
Participate in the flash giveaways given out by mods in the chat daily to earn an easy free **50 $CRWN!** Simply be the first to complete the given task and you win!
👑WHAT’S $CRWN USED FOR?!👑Collect as much **$CRWN** as you can and trade it in for a **REWARD!** OR! A piece of Merch! (Currently we are working towards getting this out for you asap! You will SOON be able to trade in all your hard earned $CRWN for an AMAZING NFT! Or MEMORABILIA!
The Community’s primary focus is the following outlets:
Discord: We use the discord as a main hub in which you earn points, check announcements, and communicate with others as well as other great benefits. This is crucial for our community because, our “Economy” Section is tied to internal games, livestreams, and AMAs in which points are given out to winners and or participants that can be used to claim rewards down the line.
Twitter & Spaces: We LOVE Twitter not only for the spaces and great conversation, but for the real time marketing and partnerships that can be made on the spot. A lot of ALPHA is given out and the owner as a DEV is always sharing the new to the community. Twitter will be SWLC main hub for on the go Lives, AMA spaces, and real time uncensored news from the management team.
Spotify Podcasts: For our recordings for those who either missed the AMAs or those who want the recorded Twitter Space that had a lot of great alpha . We will record other education and update specific content.
Play2Earn Land Purchase
Once we have the set amount to purchase land on Sandbox.Game, we will pursue the Sandbox Development client and create our avatars and activities within the land everyone to earn $sand and even stake $sand via Polygon Network. After purchasing land we will be able to develop in game activities within sandbox that will allow you to complete task and earn $SAND in which you can then stake or convert into whatever currency of choice .
The Swaggy Lions Club came out beautiful and we want to use the commercial rights to bring to life some of the characters and voices from the community being both fun and possible viral moment we can monetize the videos when this level of engagement has arrived .
In terms of governance over the community, the community decides by vote for any movement regarding the community wallet, or major changes in ecosystem structure. If the community wants to 1,000 pizzas the community can buy 1000 pizzas if that is what the vote says.
Realistically if we wish to buy a bored ape, a vote will be placed.
The Ape is then Fractionalized to your portion of contribution or to our community wallet as a whole.
If we decide to buy a building it is up to the community to vote on it.
TO BE EDITED AND CONTINUED……