# About https\://metaships.io ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNbj3ZhD9dsxz7AKUf%2F-MbNcW4jMmpkRp_Z_lhx%2FBasicHeader.jpg?alt=media\&token=b962c7b5-5321-42c0-a42d-4bf4e3e1599a) **This project is in Alpha, please read the** [**Disclaimer**](/disclaimer) **before use.** ## What is this project? Gamified yield farming NFT and governance distribution protocol with the goal to passively reward and empower long term participants while creating tokenized tools to fairly distribute future projects to a decentralized community. 1. Get METAL tokens from a DEX (i.e. Sushiswap) 2. Mint METASHIPS in exchange for METAL 3. [Earn METAL every block from your METASHIPS](/metal-1/distribution-tokenomics#metaship-rewards) 4. Mint more METASHIPS, or exchange your METAL and repeat. ## What are "METASHIPS" ? ERC721 tokens with [custom attributes](/metaships/attributes) and [rarity](/metaships/rarity) minted on the Ethereum blockchain that generate (get distributed) an ERC20 token known as "[Metal](/metal-1/distribution-tokenomics)" every block (13.3s) **CONTRACT:** [0x47Fc0d7148aba332c4267e2a508AC5eeb16C5a6d](https://etherscan.io/address/0x47Fc0d7148aba332c4267e2a508AC5eeb16C5a6d) ## What is "[METAL](/metal-1/distribution-tokenomics)"? ERC20 token on the Ethereum blockchain with a 1,000,000,000,000 total supply, the primary point of exchange in the Metaships ecosystem. In the early days of this project, spend METAL to mint new Metaships that will in turn generate you more METAL. **CONTRACT:** [0xE1Ab817B1edA1B05785B731060658885c91acd89](https://etherscan.io/address/0xE1Ab817B1edA1B05785B731060658885c91acd89) ## Why? To create a hybrid non-fungible token/yield farming mechanism that transforms into a well distributed "fair" governance protocol for use in future blockchain projects, while consistently rewarding/incentivizing users. Brief examples of these later use cases (particularly once METAL's total supply has been fairly distributed) include: 1. [NFT "Black Market" Auctions](/roadmap/nft-black-market-auctions) 2. [Metaship Airdrops / Raffles](/roadmap/metaship-airdrops-raffles) # Disclaimer **THIS IS AN UNAUDITED, ALPHA PROJECT.** The METASHIP and METAL smart contracts are provided "as-is" under the principle of code-is-law. Any actions taken by this contract are considered the expected outcomes from a legal perspective. The deployer and maintainers have no liability in the result of any error. By interacting with the METASHIP or METAL contracts in any way you agree to these terms. # Tokenomics ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNcsg0KYtCgLqwWlcH%2F-MbOIifwgdGJNp61OwzG%2FTokenHeader%20\(1\).jpg?alt=media\&token=5de6653f-3c9e-4cfe-bb24-40e04320b55b) ## Distribution #### 1,000,000,000,000 Total Supply * **74.5%** (745,000,000,000) allocated to [METASHIP Rewards](/metal-1/distribution-tokenomics#metaship-rewards) * Immutable mint limit, contract ownership keys burned * **20%** (200,000,000,000) allocated to [Liquidity Provider Incentives](/metal-1/distribution-tokenomics#liquidity-provider-incentives) * Locked in [GYSR](https://app.gysr.io/geyser/0x4fd8e5604f0071c10a126ef976d07e48f246b702), keys burned * **0.5%** (5,000,000,000) allocated as [Initial Liquidity](/metal-1/distribution-tokenomics#initial-liquidity) * Locked in Sushiswap LP, keys burned * **0% accessible by developers** * **This is a "fair" pro-chaos launch.** ## METASHIP Rewards Every block (13.3s), METAL is distributed (made available to collect) to every METASHIP in existence. The amount of METAL distributed per ship scales based on (1) individual ship [attributes](/metaships/attributes) and (2) the weekly multiplier. "Pending" METAL is then stored on each individual ship and will stay with it in the event of an ERC721 token transfer. ### Weekly Multipliers Weeks are defined as groups of 45,473 Ethereum blocks, starting at the GENESIS\_BLOCK of the METASHIP contract. Weekly multiplier applies to the base metal generated by each METASHIP for that week. **Important to note, any METASHIPS with pending METAL at the end of a week (when the multiplier changes) will have their pending METAL SLASHED.** As such, it is important to collect your METAL at least once a week. ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbTYOKQzscsoCby-BEU%2F-MbTY_Lq3eCeMEcxXxk6%2Fimage.png?alt=media\&token=b1594434-cbd3-4bed-bf1c-5058fbd28025) * Week 1 = 16x * Week 2 = 10x * Week 3 = 8x * Week 4 = 5x * Week 5 = 4x * Week 6 = 3x * Week 7-8 = 2x * Week 9+ = 1x ## Liquidity Provider Incentives To encourage deep METAL liquidity, 200,000,000,000 METAL will be distributed over 32 weeks via [gysr.io ](https://app.gysr.io/geyser/0x4fd8e5604f0071c10a126ef976d07e48f246b702)to those providing liquidity on the following pairs: * [SUSHISWAP ETH/METAL](https://app.sushi.com/add/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2/0xe1ab817b1eda1b05785b731060658885c91acd89) ## Initial Liquidity This METAL will be locked into the ETH/METAL LP pair on SUSHISWAP and the controlling wallet's keys will be permanently burned. The starting price of METAL will be **$0.0000002** # Bonus Fund ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNbj3ZhD9dsxz7AKUf%2F-MbNceg0Umez1XD1d_Y7%2FExtraHeader.jpg?alt=media\&token=f75babd9-6a5f-4bb4-ac1c-d3b9f7fbc3df) The METAL "Bonus Fund" is a special pool that is filled by users minting METASHIPS (10% of ship cost). A % of the Bonus Fund is paid out whenever a ship collects its pending METAL. The % paid out to the ship is determined by its overall [Rarity Level](/metaships/rarity). `10000 - (rarityLevel * 100) = % of bonus per collection` # Rarity ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbN5yb3T7kIDTfYo7oP%2F-MbN6LH-Ea0TmjTGyn6M%2FRarityHeader.jpg?alt=media\&token=a10776c0-2d39-40fb-8334-f2fa8d7ab7fa) METASHIPS rarity is a numeric value **1-99** that is the average of the ship's 3 [attributes](/metaships/attributes). Rarity is the **MOST IMPORTANT VALUE** of any METASHIP, and has the heaviest weight in determining how much METAL they are allocated per block. **EXOTIC** * 99 rarity * 25 METAL/block **LEGENDARY** * 94-99 rarity * 16 METAL/block **RARE** * 80-94 rarity * 8 METAL/block **UNCOMMON** * 50-80 rarity * 4 METAL/block **COMMON** * 25-50 rarity * 2 METAL/block **JUNK** * 1-25 rarity * 1 METAL/block # Attributes ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNbj3ZhD9dsxz7AKUf%2F-MbNcYce3qbSsNkbK13S%2FAttributesHeader.jpg?alt=media\&token=5d6a5fae-27ec-4d61-8fe3-ed77f8078952) METASHIPS have **3 primary attributes** that are assigned at creation (weighted RNG 1-99). These attributes determine the METASHIPS's overall [rarity](/metaships/rarity) and color, as well as dictate the way the ship collects [METAL](/metal-1/distribution-tokenomics#metaship-rewards). #### Efficiency (visor) Decreases delay needed for max bonus METAL from a delayed harvest. * \>= 99: 6x * \>= 94: 5x * \>= 80: 4x * \>= 50: 3-4x * \>= 25: 2-3x * < 25: 1-2x #### Build Quality (cargo / engine) Determines bonus METAL multiplier harvested by the ship per block. * \>= 99: 24x * \>= 94: 20x * \>= 80: 12x * \>= 50: 5x * \>= 25: 2x * < 25: 1x #### Meta (stripe / tail) Affects ship's overall rarity level and accessibility to exclusive future features. # Generations ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNcsg0KYtCgLqwWlcH%2F-MbOIRySZ7LF03GEoonP%2FPriceHeader.jpg?alt=media\&token=99a430eb-83fd-49d2-aeff-fc405bf3c27b) METASHIPS are sold in bundles known as "[Restocks](/metaships/generations/restocks)", every 20 "[Restocks](/metaships/generations/restocks)", the Generation is incremented by 1. (default 0) The **# of METASHIPS available to purchase** per-restock event **decrease as the Generation increases:** * **Generation 1** = * 50 METASHIPS/restock * **Generation 2** = * 30 METASHIPS/restock * **Generation 3-5** = * 20 METASHIPS/restock * **Generation 5-20** = * 10 METASHIPS/restock * **Generation 20+** = * 5 METASHIPS/restock The Generation a METASHIP is created in is stored on-chain on each individual METASHIP NFT. In the future, Generations may be used to determine early accessibility to new features. # Restocks ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNcsg0KYtCgLqwWlcH%2F-MbOIRySZ7LF03GEoonP%2FPriceHeader.jpg?alt=media\&token=99a430eb-83fd-49d2-aeff-fc405bf3c27b) METASHIPS are sold in bundles known as "Restocks" inside of "[Generations](/metaships/generations)", every Generation has 20 Restocks. When the current "restock" sells out of METASHIPS (no time limit for this to occur), the next "Restock" will occur either in: **a.** 1 DAY (if new generation aka 20th restock) **b.** 1-10 HOURS (if same generation) The specific amount of time is based on the current [Generation's](/metaships/generations) per-restock ship quantity. **The more ships per-restock, the longer the delay.** The formula for the restock delay is: `(shipStockMultiplier x 1hr)` * **Generation 1** = 10 hours * **Generation 2** = 6 hours * **Generation 3-5** = 4 hours * **Generation 5-20** = 2 hours * **Generation 20+** = 1 hour # Pricing ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNcsg0KYtCgLqwWlcH%2F-MbOIRySZ7LF03GEoonP%2FPriceHeader.jpg?alt=media\&token=99a430eb-83fd-49d2-aeff-fc405bf3c27b) The default staring price per METASHIP is 5,000 METAL. METASHIP pricing is dynamic based on velocity of demand. The shorter/longer it takes for a [Restock](/metaships/generations/restocks) to sell out, the larger the % increase/decrease in price will be. * **< 2.5 minutes** = * +300-1,200% * **< 15 minutes** = * +300% * **< 1 hour** = * +200% * **> 1 hour, < 1 day** = * +0% * **> 1 day** = * -50% When a METASHIP is purchased, where does that METAL go? * 50% is BURNED * 40% is redistributed via [**METASHIP REWARDS**](/metal-1/distribution-tokenomics#metaship-rewards) * 10% is sent to the [**LOTTERY**](/metal-1/untitled) # NFT "Black Market" Auctions ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNbj3ZhD9dsxz7AKUf%2F-MbNcRbAQjt3pWYIw-M3%2FBlackMarketHeader.jpg?alt=media\&token=cab20009-5625-4f28-a593-8a0efd2e5514) Partner with well-known digital artists to auction/sell NFT artwork exclusively for METAL. Limit/early access to wallets holding certain rarity level/meta attribute METASHIPS. # Metaship Airdrops / Raffles ![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNbj3ZhD9dsxz7AKUf%2F-MbNcAHrWfcpWF2CW1bQ%2FRaffleHeader.jpg?alt=media\&token=f4bbe2d5-eaa1-4a72-91ed-4d97e2fd18d1) Automated lottery-style raffles where your ships are your tickets. Each raffle will have a random minimum required ship stat for a ship to qualify (or total level/rarity), and will be opt-in only. Prizes will range from airdrops of new protocol tokens, exclusive NFTs, etc.