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HomeCOINSWhat Is Moby Dick (WOT)? Complete Guide Review About...

What Is Moby Dick (WOT)? Complete Guide Review About Moby Dick.

What Is Moby Dick (WOT)?

In the near future, Moby Dick marketplace will be deployed on BSC, Eth, Matic, Avalanche, Moonriver, and Huobi ECO. The WOT ecosystem applications will be simultaneously available on all popular blockchains supporting the creation of solidity smart contracts. Besides, the WOT infrastructure will include bridges in order to move NFT assets between blockchains. The WOT marketplace was originally designed to work on several blockchains, so the expansion to new chains will be fast and won’t require too much of resources.

The Moby Dick platform is going to provide a game assets tokenization infrastructure for all possible online games and digital goods that are outside blockchain. They’re developing the necessary infrastructure, API, and detailed documentation to make the process of integration with WOT as simple as possible.

Moby Dick Storage Key Points

Coin BasicInformation
Coin NameMoby Dick
Short NameWOT
Circulating SupplyN/A
Total Supply9,000,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

NFTs

Moby Dick are real NFTs. They are stored decentralized in ipfs and are owned by their true owners only. Only NFT owner can burn it or perform any action with it. Your marketplace allows users to create NFTs (721 and 1155 standard) that are compatible with other decentralized applications and marketplaces. For example, NFTs that are created on the WOT marketplace are compatible with opensea.io. Users can create art, video, photos, cards, memes, or any other type of NFT and either place them on the WOT Marketplace for a fixed price or put it up for auction to let the demand determine the price.

Buyback feature

There is a $MON buyback function being developed for the Moby Dick marketplace. This means, a fee will be charged from each NFT sale, and at the expense of this fee tokens will be bought to further be sent to burned wallet. Since the Team does not plan to issue tokens on other blockchains, all funds from other blockchains intended for buyback will be transferred to BSC blockchain first and then used for buyback. Thus, there will be multi-blockchain buyback implemented in the WOT marketplace.

Lootboxes on blockchain

The Moby Dick platform is a crucial part of the WOT Ecosystem. Loot balls differ from ordinary gaming loot boxes for two reasons. Firstly, WOT work on smart contracts, which guarantees a 100% fair and transparent raffle. Secondly, any user can create a Loot ball by placing tokens or NFT in it and choosing the probability of each item to fall. WOT users can open an existing LootBall or create any of the three available types on their own for selling. The probability of winning each of the items from a particular WOT is to be set by the LootBall’s issuer himself. The rarity of each of the items from the WOT is also set by the issuer.

Gambling

You can create a Moby Dick and put $100 worth of bep20 tokens into it, and set a 10% chance of this prize to drop with the price of one opening attempt equal to $12. This way, users will buy Lootballs and pay $12 for every try until they win $100. LootBalls are to play a crucial role in Platform promotion, partnerships, and monetisation. P2E games will be able to use Moby Dick in order to carry out NFT drops. In the future, the ability to tokenize the non-blockchain assets (for example, those from Steam community market) will allow using Lootballs instead of closed source lootboxes for game assets raffles.

P2E NFT distribution

P2E blockchain games developers can mint their NFT assets on WOT marketplace and create Lootballs with these items. The rarest NTFs will have a small possibility to drop, while more common items will have a higher drop rate.

Earnings on valuable NFT use case

Let’s say Alice owns a valuable crypto punks NFT, and she does not want to sell it but wants to make money on it. Alice creates a Lootball with this NFT, sets the probability of this NFT to drop equal to 5%, and assigns a cost of $500 for an attempt to open the WOT. Users see this new Moby Dick and try to open it 3 times in one hour, but no one succeeds. Thus, Alice earned $1,500 ($500×3) and after she received these funds she could deactivate her WOT and return the crypto punks NFT to her wallet.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .