Ninety1

The purpose of Ninety1 is to introduce $FLD (“FOLD”) into circulation via “mining” using NFTs.
$FLD is an ownerless, taxless token built on the Avalanche chain.
The initial circulating supply is ZERO.
The total supply is 2,652,000,000.

Using an emission schedule based on a Fibonacci “regression”, $FLD will take more than 26 years to be fully circulating. Through a series of gamified principles, some NFTs are minted and held, while others are advantageously burned.
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All are auto-staked through the smart contract to earn $FLD emissions. Rarity determines the emission multiplier.
Wallets holding $FLD also earn emissions. Third party LP contracts identified by the protocol earn $FLD with a maximum multiplier of 10x.
Like the NFTs, $FLD is auto-staked and any third party LPs identified by the contract will be able to be manually staked on the dAPP

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Overview

What Is Ninety1

NFTs as Token Miners

Ninety1 includes a series of two NFTs that function as “miners” of $FLD. This technology is built into the smart contract, so participants need not own, lease or otherwise engage a mining “rig” to receive $FLD. The mining of $FLD is a zero emissions carbon neutral series of events, as leveraging smart contracts eliminates the need for computing power and validators for consensus.

How It Works

We recommend reading the WhitePaper for a detailed review of Ninety1. A brief summary is provided below.
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‍Ninety1 begins with minting Twenty6Fifty2, an NFT containing unlockable content. As the name suggests, there are a total of 2,652 NFTs, representing the number of unique 2-card combinations when one considers both cards and sequence. Locked within each Twenty6Fifty2 NFT are (91) additional NFTs, called Ninety1, with each containing 1,000 $FLD. Burning a genesis NFT unlocks the Ninety1 NFTs. Burning a Ninety1 NFT unlocks 1,000 $FLD.

Why would a holder burn a Twent6Fifty2 NFT?

Both series of NFTs follow a ranking system: Premium, Playable, Neutral and Trash. Emission multipliers are based on rank, earning 10x, 6x, 3x, and 1x respectively. If a holder mints a lower ranked Twenty6Fifty2 NFT, it may be in their best interest to burn it and receive Ninety1 NFTs, comprising the entire array of multiplier possibilities. Via burning, they now have NFTs earning 10x, 6x, 3x, and 1x emissions of $FLD.

TVL of NFTs

As no liquidity pairs were created by LabNinety1, this is to be determined by the community. With a renounced contract and LPs created and valued by third parties, $FLD represents a true vehicle for DeFi.

The Future for $FLD

LabNinety1 built the Ninety1 project with a specific purpose: to create a solid, ownerless, trustless foundation upon which anyone can build. LabNinety1 has begun development of a separate project utilizing AI blockchain technology combined with $FLD to provide a solution to a genuine challenge with respect to data collection, management, and distribution.
In addition, a DeFi platform has been designed using $FLD, with development underway by LabNinety1. Because it is ownerless, holders may discover alternative ways to use $FLD. It is simply a matter of using imagination, creativity, and drive to build something new.

Meet The Team

Havoc

Founder

Stax

Strategy & Marketing

Eddie

Lead Dev

Elle

Copy Editor

Noir

Design & Graphics Lead

Ted

Project Management

XT

Technology Consultant

Flossy

Web/dAPP Development

CryptoDaddi

Consultant

Ben

Admin/Moderator

Zoran Gutan

Admin/Moderator

Noviq

Admin/Moderator

Blake

Admin/Moderator

Frequently Asked Questions

How do I mint a Twenty6Fifty2 NFT?

Grab some $AVAX, enter the dAPP, select the mint function, approve the transaction. It really is that simple. Mint is 8.33 $AVAX per NFT, and gas is cheap on Avalanche. So make sure to have just a little extra AVAX in your wallet to cover transaction fees, and you’re good.

Can I mint a Ninety1 NFT?

Nope. Sorry. The only way to obtain a Ninety1 NFT is via burning your Twenty6Fifty2 NFT or buying on the secondary market.

What is the utility for of the Twenty6Fifty2 and Ninety1 NFTs?

The purpose of the NFTs is to “mine” $FLD. With the initial circulating supply of $FLD being zero, the only way to introduce $FLD into circulation is through emissions collected by those holding NFTs. Because this process is built into the contract, it requires no equipment, energy, or coding knowledge to participate. Just mint, and you’ll be earning $FLD automatically.

What’s the difference between Twenty6Fifty2 and Ninety1 NFTs?

Twenty6Fifty2 NFTs are the Genesis product. Within them lies unlockable content that can be accessed through a series of burns. Burning a Twenty6Fifty2 results in the holder unlocking Ninety1 NFTs. Each Twenty6Fifty2 burned yields the entire array of possible combinations of the Ninety1 series, (91) in total. Burning a Ninety1 NFT unlocks 1,000 $FLD.

How do I set up a wallet on Avalanche mainnet?

Click on the link below and follow the steps. That simple.

https://support.avax.network/en/articles/4626956-how-do-i-set-up-metamask-on-avalanche

What is unlockable content?

Unlockable content could be anything that the creator of an NFT would embed within it to make available to the holder. In the case of Twenty6Fifty2 NFTs, there are 91 NFTs unlockable via burning. These are the Ninety1 NFT series. And, within the Ninety1 series, there lies 1,000 $FLD unlockable in each of them– you just gotta burn the NFT to access the tokens inside.

Do I need to stake my NFTs to earn $FLD?

No. All NFTs are “auto-staked.” This means that the contract recognizes the wallet that holds the NFTs, and $FLD emissions are automatically allocated to that wallet address based on their NFT’s rank and emissions multiplier. All one needs to do is claim $FLD on the dAPP.

Do I need to stake my $FLD to earn $FLD?

Similar to the NFTs, $FLD is also “auto-staked.” as well. $FLD emissions are allocated by the protocol proportionately according to the token balance in the wallet by the protocol, and available for that wallet to claim on the dAPP.

Do the NFTs have rarity traits or rank?

Rank is what is important. Refer to the Whitepaper for details, but there are 4 Ranks for each series– Premium, Playable, Neutral and Trash. Emission multipliers exist for each, ranging from 10x down to 1x dependent upon the Rank. The higher the Rank, the more $FLD emitted to the holder.

How do the Staking Multipliers work?

Below is the table showing the emissions multipliers for the NFTs based on Rank. You can also find this information in the Whitepaper.
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Staking

Rank

Multiplier

Yield Factor

Net % Emission Yield

Premium

0.4524886878

11.64%

Playable

1.791855204

46.10%

Neutral

1.479638009

38.07%

Trash

0.1628959276

4.19%

How do I claim $FLD?

Connect to the dAPP, hit “Claim,” approve the transaction and you’re Gucci.

Can I sell my NFTs on the secondary market?

Of course you can. They are yours. Do what you want with them.

How do I add $FLD to an LP to increase my Staking Multiplier?

Using the drop down menu below “Select a Pool” on the dAPP “Stake” page, one can see the available $FLD Pairs that have been created by the Community that LabNinety1 has approved for 10x emissions of $FLD.Once a holder has selected their desired pair, they can use the “Get LP” button and this will redirect them to the Dex where the pair has been established.Using equal amount of $FLD and the token to be paired (relative to $AVAX), the holder may add liquidity to the pair.Once this is added, the holder can then stake it using the Ninety1 dAPP. This transaction is two steps– an approval from the holder’s wallet, and subsequent staking approval.Unstaking is done in reverse, and the holder would need to use the appropriate Dex to remove liquidity and break the LP tokens.

What happens when I burn a Twenty6Fifty2 NFT?

Burning a Twenty6Fifty2 NFT results in unlocking and receiving (91) Ninety1 NFTs. The holder receives the entire array of the series.

What happens when I burn a Ninety1 NFT?

Burning a Ninety1 NFT results in unlocking 1,000 $FLD, which is sent to the holder’s wallet.

Can I sell my $FLD?

If third parties find value in $FLD and create liquidity pairs, then it is possible for $FLD to be openly traded. However, LabNinety1 will not be part of this process. The gateway to truly decentralizing lies within community consensus, not within the creators. If the community finds value, sell all you want. But we’ve got nothing to do with it.

Reach us on: LabNinety1@gmail.com