Intro

AutoMinter is a leading platform for creating NFTs and web3 communities.

Launching the $AMR token was the first step towards AutoMinter becoming fully decentralised. It’s the starting point for establishing governance and for the community to own a stake in our collective success.

This blog post outlines the different ways $AMR is earnt, the initial locking period when tokens become unlocked, and what you can do with them once they become unlocked.

Purpose of Locking.

$AMR tokenomics incentivise participation and provide alignment with the organisation’s vision and mission. To achieve stability in $AMR token value and ecosystem, $AMR earnt via AirDrop and using the AutoMinter platform are not initially tradeable. This mechanism is necessary and effective in reducing trade volatility and encouraging ongoing organisational involvement.

Airdropped $AMR.

Tokens earned via the launch Airdrop are untradeable (locked). They will remain locked until an equal number of unlocked $AMR tokens are available for trading. The timeframe for unlocking Airdrop $AMR tokens depends on the revenue collected (generating new $AMR) and how the DAO allocates treasury tokens for incentives. We estimate this to be approximately six months; however, it is difficult to know the exact timing.

Creators can earn $AMR.

Creators can earn $AMR by creating NFT collections on AutoMinter. When creators pay royalties to AutoMinter DAO, creators receive an equivalent value in $AMR. Creators who deploy a new collection on the Ethereum mainnet will earn $AMR immediately, with support for other blockchains to follow.

When creators receive $AMR, they will be untradeable. Once AutoMinter passes two revenue milestones, these tokens become tradeable. AutoMinters revenue total will soon be visible on our webpage, with the first milestones being 0, 10, 30, and 100 Eth. A complete list of revenue milestones is available in our whitepaper.

Staking rewards.

Staking an AutoMinter PRO pass (our flagship utility NFT Collection available on OpenSea) or unlocked $AMR tokens grants holders a relative portion of the $AMR staking pool. When claimed, these tokens can be traded or staked immediately and are not subject to locking.

Unlocked $AMR.

An initial liquidity pool of one million $AMR tokens is available on Uniswap. As these tokens are unlocked, anyone who purchases these tokens may trade or stake them to start earning rewards. As more and more tokens become tradeable, we anticipate increased trade volume and steady growth.

What’s next?

We will soon ask a selection of active community members to participate in the first DAO activities. Members can assign roles based on their interests and participate in discussions on the chosen topics.

In the coming weeks, there will be announcements on more $AMR utility and chances for DAO participation, so be sure to follow us and turn on notifications through Twitter and join our discord to keep up with AutoMinter and $AMR news.