A Watch costs 10x the price of minting a Knight NFT to mint.
The price of minting a new Knight is (The Total Amount of Knights / 100), priced in USD stablecoins.
We will premint 1,000 “Genesis Knights” at launch, therefore a new Knight will cost 10 USD to mint at start, putting a Watch at 100 USD to mint at start.
Each Castle can own up to 4% of the total Knight supply.
There can only ever be 7 Citadels and 21 Castles.
When a Castle reaches the required Knight amount, the owner can pay Upgrade Fee to upgrade it.
Castle owners receive a chunk of the Royalties when the Knights that belongs to that Castle gets traded on the open market.
Castle owners can mint Knights from the Castle with a discount.
Castle owners can choose to allow other people to mint Knights from that Castle. The owner receives a chunk of the minting fee.
Each Castle tier will have special features.
Castles can merge.
A Citadel can downgrade if a Castle surpasses it in Knight amount. In this case, the Castle pays Upgrade Fee to the Citadel that gets downgraded.
We can gift Castles to players.
We take Zeref Hooga for example. Zeref won an Alpha Castle in a tournament during beta. He will receive the actual Castle as the game officially launches.
Zeref Hooga’s Castle starts as a Castle, but has to start from 0 Knights. It gets 500 free mints, but still has to follow the 4% rule.
For guild partners, we offer them Castle presales. They get the same deal as the one Zeref gets as mentioned above.
Assuming the Castle has 500 free mints.
Since Castles can only own 4% of the total Knight supply, there has to be 12,500 Knights in circulation for any Castle to reach 500 Knights.
Assuming a Castle owner mints whenever she could, the cost of minting a Knight would start from 10 USD and end at 125 USD when the 500th Knight is minted from this Castle.
Assuming RUBY price stays stable at 0.1 USD (which it should not. RUBY price should go up if Knights get minted.)
The Castle owner would have spend approximately 33,750 USD to mint 500 Knights, 100 USD to mint a Watch, 9,200 USD to upgrade her Watch all the way up to a Castle. That makes the cost to build a Castle up from scratch 43,050 USD.
Note: the estimation above is assuming the Castle owner gets in everything first. Any other Castle would cost a lot more to build.