Strainz V2 — New features for yield farming project on Binance Smart Chain
A new update of Strainz, the NFT yield farming game will be released this week! The Strainz V2 will remain on the Binance Smart Chain and anyone with a wallet can purchase NFT plants and STRAINZ tokens.
With the update come new features and new ways to interact with the plants. A number of innovations elevate the project to a new level.
Strainz V1 and Strainz V2
What happens to the V1 when the V2 launches?
Tokens
Due to the locked liquidity of STRAINZ V1 tokens, a new STRAINZ V2 token pool is created. The STRAINZ tokens of V1 can be converted into STRAINZ V2 tokens at migration. From V2 on, liquidity can be provided for V2 tokens, which comes with some incentives, such as the distribution of the new SEEDZ tokens.
Strainz V1 global grow factor
At release, the V1 global grow factor will be raised back to the original level, so as promised, the unharvested yields will double. This status is valid for one week until then every NFT holder is encouraged to harvest his plants, because after the expiration of the week the global grow factor of V1 will be set to 0, so that no further STRAINZ V1 tokens will be generated.
This has the purpose to bring the community to V2. The consequence of this is that the STRAINZ V1 token dies with time because no more new tokens are generated and the existing V1 tokens can be migrated to V2.
Websites and Migration
There will be separate websites for Strainz V1 and Strainz V2.
On the Strainz V1 page, a big migration button will be displayed upon release, which will prompt users to switch to the new V2. For this process, all plants from the marketplace and plants from shared multi-sig vaults have to be taken in advance. Both the NFT plants present in the wallet and the V1 STRAINZ tokens will be migrated to the V2.
On the Strainz V2 website you can find the conventional as well as the newly implemented features.
New Strainz V2 features
Now let’s get to the big new features of the Strainz V2 that everyone is eagerly waiting for. This article summarizes the broad strokes, further articles will appear successively on the respective topics.
Liquidity Mining and Farming Pools of Strainz V2
As described at the beginning, there will be a new pool of STRAINZ V2 tokens. The STRAINZ V1 tokens generated in V1 can be converted at any time to V2 tokens by using the migration function. Furthermore, there will be a new token, the SEEDZ token. With this new token, you can buy boosters like fertilizers, which give a bonus to the applied plant.
In total, the maximum supply of SEEDZ is 3 million. In the future, there will be three pools, on which these SEEDZ are rewarded for depositing LP tokens.
STRAINZ / BNB: 1 Million SEEDZ
STRAINZ / SEEDZ: 1 Million SEEDZ (start liquidity of 100.000 SEEDZ/STRAINZ)
SEEDZ / BNB: 1 Million SEEDZ (will be launched later)
At the start of V2 the first two pools will be unlocked, the third pool will start with some delay. Liquidity providers receive a portion of the SEEDZ remaining in the pool when they provide liquidity and claim the rewards.
Each week 5% of the remaining pool supply will be distributed according to ones share of the pool.
There will only be 3 million SEEDZ and the respective rewards for the liquidity providers will be based on the SEEDZ tokens remaining in the pools.
Grow Fertilizer
The grow fertilizer can be purchased using the new SEEDZ token. The grow fertilizers give a temporary buff to the grow rate when applied to a plant. When applied to a plant, the fertilizer will be consumed.
Breed Fertilizer
The breed fertilizer can be bought with the new SEEDZ token. The breed fertilizer, when used in a breeding process, will give the child plant +10 to the average grow rate of its parents. The breed fertilizer is also essential to multiply accessories! When applied to a plant, the fertilizer will be consumed.
Accessories
The accessories are no longer fixed in the DNA of the NFT plants. The Accessories are now separate NFTs that are tradable on the marketplace and can be attached to NFT plants. Accessories on existing V1 plants remain in place and are migrated to V2. Accessories can be multiplied by breeding as it was in V1. Accessory NFTs can only be extracted by composting the whole plant, so they can either be traded or attached to new plants.
Composting
Any plant in V2 can be composted. If a plant is composted, the owner gets back accessories that were attached to the plant. In addition, the owner receives a portion of SEEDZ tokens based on the grow rate.
Watering
In the V2, the plants lose grow rate over time. The maximum grow rate remains in the DNA of the plant. This temporary loss of grow rate can be reversed by watering. The grow rate of the plants is updated daily. So if you want to get the maximum grow rate out of your plants you have to water your plants regularly. However, watering the plants costs STRAINZ tokens, so you should always consider whether watering the plant is worth it.
The Loss of Grow Rate will be also depending on the amount of plants you have, to slow down big whales > 200 plants.
Harvesting
Harvesting will remain very similar compared to V1, but here the influence of watering must be considered since the grow rate of the plants will change daily if they are not watered.
Breeding Cost
The breeding of NFT plants will continue as before, except that the breeding costs will be adjusted in V2. This is now based on the grow rate of the plant and the number of times the plant has been bred.
Multi-sig Vaults
At the beginning of V2, the Multisig Vaults will not work with the new features. All users of multi-sig vaults are therefore advised to transfer their plants to their own wallets before migrating to V2. In the future, the new features will be added to multi-sig vaults and can be used as before.
Marketplace
All Strainz plants and other NFTs on Binance Smart Chain can be traded freely on our marketplace! In V1 so far 2% was burned for each trade in STRAINZ, in V2 this percentage will be raised to 10%. That means 10% of each Trade gets burned in STRAINZ tokens and the seller receives 90% of the buying price.
This 10% tax affects all NFTs traded in the marketplace. The tax will be adjustable so that this percentage of burned tokens can be increased or decreased as needed. In the future, there will also be the possibility to buy with the new token SEEDZ and BNB on the platform.
Full Node
For the V2 there will be a full node on the Strainz server. This means that a complete blockchain with all previous transactions is stored on the server. Currently, V1 requests are serviced from public binance nodes, but in the future, the V2 website will access the local storage directly. This has the advantage that no events are lost and all data on the website and especially on the marketplace is always up-to-date. With the V2, all delays such as the breeding cost on the marketplace not being up to date are therefore a thing of the past.
Where you can find us
Head over to https://strainz.tech to start farming today in MAINNET!
Also, join our community on Telegram (https://t.me/strainz_chat) or Twitter (https://twitter.com/StrainZ_NFT) to stay updated
