Deflation proposal

Motivation

Current NFTs volume on NEAR is very low, and it seems like even 3k supply is too much. We have 1616 unique holders now, so on average, each person owns almost two houses.

In order to increase the value of each of our NFTs and add scarcity during the next NFT growth cycle (and staking launch), we offer the interesting deflation model where you can combine several houses into one.

So, as a result of deflation you will get:

• less supply and potentially higher value of NEARton NFTs

• expanded capacity to stake more partners NFTs

• higher staking rate for NEARton NFTs

How it works

In this deflation model, you will be able to merge 2 or 3 houses into one. As a result, you will combine all staking rates and capacity (read about that here) in one house + get a solid bonus, the rest of the houses will be burned (you will be able to choose which house to preserve).

Bonuses

House Capacity (number of partners NFTs that you can stake in this house)

Default capacity per house is 5 By merging 2 houses your final capacity will be 12 By merging 3 housed your final capacity will be 20

Staking Rate (SR)

You can find current rates here. By merging 2 houses you will have (SR1 + SR2) * 1.3 By merging 3 houses you will have (SR12 + SR3) * 1.4 Example: Host house = CD #94, SR = 91.5 1st house to merge = Sub #671, SR = 24.31 2nd house to merge = Sub #796, SR = 17.5 (91.5 + 24.31) * 1.3 = 150.55 (150.55 + 17.5) * 1.4 = 235.27 Final SR = 235.27 You have CD #94, Sub #671 and Sub #796 were burned.

Notes

You will be able to chose a host house and house for merging. After merging the second one will be burned (it will no longer be on Paras and on blockchain itself). IMPORTANT - you can't burn Central District. Combinations can be: CD + Sub Sub + Sub CD + Sub + Sub Sub + Sub + Sub

Results

After the first Deflation Event - 633 houses were burned.