Catfish NFT
Delayed launch.
Last updated
Delayed launch.
Last updated
Catfish NFT is a transferable NFT issued by the Catfish platform, and an account can hold multiple Catfish NFTs at the same time.
Main Functions:
Voting Eligibility Only accounts holding Catfish NFTs can vote in Battles (not going live for now). This aims to increase the cost of Sybil attacks during the voting phase and ensure the fairness of Battle results.
Appraisal Asset Each Catfish NFT has a different mining points coefficient, serving as the basis for calculating Vote to Earn points for holding accounts. This makes it a valuable asset for successful appraisers to achieve profits.
How to get a Catfish NFT?
Pay 0.05 ETH To Mint
Mint For Free Accounts holding certain specified collection NFTs may be eligible for free minting of Catfish NFT during certain event seasons.
Catfish NFT coefficient
The Catfish NFT coefficient is used to calculate the user's point rewards when the holder of the NFT correctly predicts the winning side in a Battle.
Calculation formula:
Catfish NFT coefficient = 5^AV
For voting user A,
AV_A = A's net correct votes ÷ Maximum net correct votes across all users × 0.7 + A's correct votes ÷ A's total votes × 0.3 + 1 A's net correct votes = A's correct votes - A's incorrect votes (if negative, take 0)
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It should be noted that if a Catfish NFT has been held and used for voting by different accounts, the variables in all the above formulas should include the voting history data of all these accounts.
In short, the Catfish NFT coefficient will increase when a Catfish NFT is used for voting by users with high Appraisal Value, and it will decrease when used by users with low Appraisal Value.