ELDA Runes: Utility NFT Collection
ELDA Runes is the utility NFT collection of Eldarune.
ELDA Runes Overview
The ELDA Runes Utility NFT collection, initially launched on the Ethereum Network on 04.20, 2023, sold out in a couple of hours despite high gas fees driven by meme coin hype. Due to these same challenges, the collection transitioned from Ethereum to the BNB Chain (BSC). In this process, holders of the original NFTs received equivalent NFTs on the BNB through an airdrop, ensuring a seamless transition for the community.
Following the migration, the ELDA Runes Utility collection introduced several enhanced features and utilities, including upgrading, staking, whitelist (WL) giveaways, a Hold & Earn program, and exclusive holder events. However, the collection faced some delays due to technical adjustments and updates required to comply with new token standards, which were necessary to unlock the utilities like $ELDA token staking boosts, item NFT upgrade boost etc. Now, after completing the necessary updates, the ELDA Runes Utility collection is relaunched with significant upgrades both in utility and art: Art Upgrade: The original collection featured animated GIFs that posed challenges in inventory management. To address this, the old ELDA Runes were burned, and new, enhanced versions were airdropped to their owners, offering a more streamlined experience. Stake to Earn Oathstones: Given the update on the Staking, the original plan included a reward halving mechanism over time. However, in light of the time lost during the maintenance period, the team has decided to postpone any reward halving until further notice. This decision ensures that users are fairly compensated for any inconvenience caused by the maintenance downtime, and can continue to enjoy the full benefits of their staking activities without immediate reduction in rewards.
Upgrade ELDA Runes on Workshop: The ELDA Runes NFT Upgrade feature, now accessible through the Workshop on the Digard dApp, enables holders to increase the rarity of their ELDA Runes, thereby unlocking greater utility and value.
Upgrading ELDA Runes: To make your ELDA Runes better (upgrade them), you need two things:
Two of the same Rarity of ELDA runes NFT.
$ELDA tokens to pay the Upgrade fee.
When you upgrade, the two NFTs you used are burned, and you get a higher rarity one. This means there are fewer runes out there, making the ones you have more special.
Upgrade Fees by Rarity:
2* Common ELDA Runes + 1,000 ELDA -> Uncommon ELDA Runes NFT 2* Uncommon ELDA Runes + 2,500 ELDA -> Rare ELDA Runes NFT 2* Rare ELDA Runes + 6,000 ELDA -> Epic ELDA Runes NFT 2* Epic ELDA Runes + 17,000 ELDA -> Legendary ELDA Runes NFT 2* Legendary ELDA Runes + 35,000 ELDA -> Ancient ELDA Runes NFT 2* Ancient ELDA Runes + 85,000 ELDA -> Unique ELDA Runes NFT
The ELDA Runes upgrading process is not just about enhancing individual NFTs but also about contributing to the overall health, scarcity, and sustainability of the NFT collection as well as the $ELDA token. This strategic approach to upgrades encourages thoughtful participation, driving the long-term value and appeal of both the ELDA Runes Utility NFT collection and Eldarune ecosystem.
How to upgrade ELDA Runes NFTs on Workshop:
Enter the Workshop, a hub of improvement where players can merge two NFTs to create superior versions and upgrade their arsenal. Upgrading ELDA Runes are easy:
Go to Workshop > Select “Elda Runes” from the right middle of the screen.
Pick the ELDA Runes that you want to Upgrade and click “Upgrade” or “Upgrade All”
Press the “ Upgrade ” button and finalize the transaction.
*Note: You need to burn 2 ELDA Runes NFTs of the same level and pay the upgrade fee to get one higher level. Unlike Item NFTs, ELDA Runes Upgrading is 100% guaranteed.
Item NFT Upgrade Boost: Owners can now sacrifice their ELDA Runes by burning them to increase their chances of successfully upgrading Item NFTs. This unique feature allows for a one-time boost per upgrade, with the ELDA Rune being burned upon use.
How to Boost your Upgrade Chance:
Go to Workshop.
Pick the item that you want to Upgrade and click the “Upgrade” button.
“Boost Your Chance” button will appear on the pop-up screen.
Select the ELDA Runes that you want to sacrifice,
Before hitting the “Upgrade” button, you can see your “Boosted Chance” and “Total Chance” to finalize the upgrade successfully.
Boost rates differ by the rarity of ELDA Runes:
Uncommon: +30% Upgrade Chance Boost Rare: +40% Upgrade Chance Boost Epic: +50% Upgrade Chance Boost Legendary: +60% Upgrade Chance Boost Ancient: +70% Upgrade Chance Boost Unique: +80% Upgrade Chance Boost
*You can only use ELDA Runes NFTs for one Item Upgrade which will permanently burn the ELDA Rune NFT after boosting the upgrade.
$ELDA Token Staking Boost: By depositing ELDA Runes on Digard dApp , users can receive booster NFTs, which provide a multiplier effect when staked with $ELDA tokens in rarity-based staking pools. These rarity-based staking pools allow for a diversified approach to staking, enabling users to leverage their ELDA Runes for enhanced rewards. How to Convert Your ELDA Runes into Token Boost NFTs
Connect Your Wallet to Digard
Visit app.digard.io and connect your wallet and 'register/login' by clicking the 'Connect I My Profile' button.
Access the Utility Token Boost Converter
Locate and click on “(Digard logo)" the Digard logo, positioned at the top right corner of the page. This action will navigate you to the "My Wallet".
From the My Wallet, click the 'Utility Token Boost Converter' from the menu. This takes you to the converter tool, where you can convert your ELDA Runes into Token Boost NFTs.
Select ELDA Runes for Conversion
Within the Utility Token Boost Converter, specify the amount and select the specific ELDA Runes NFTs you wish to use for enhancing your $ELDA token staking.
Confirm your selection and proceed by clicking the 'Deposit' button. This finalizes the transaction and initiates the conversion process.
Deposit Multiple ELDA Runes NFTs
This function allows for the deposit of multiple ELDA Runes NFTs in a single transaction. This feature enables you to receive multiple Token Boost NFTs.
Boost Your Staking Pool
To utilize your newly acquired Token Boost NFTs and enhance your staking rewards, visit the staking platform at https://staking-eldarune.digard.io and stake your $ELDA token on the spesific pools by their rarities.
Note: Ensure you have a sufficient balance to cover any transaction fees, and always double-check the details of your transaction before confirming. Unique Token Boost NFT will provides 90% boost to current APR which is 11.96%, so you'll get 22.16% if you're holding Unique Token Boost NFT while staking ELDA tokens in the spesific pools on website. Common: Provides 5% ELDA token Staking boost results in a new APY of 12.56%. Uncommon: Provides 10% ELDA token Staking boost leads to a new APY of 13.16%. Rare: Provides 20% ELDA token Staking boost increases the APY to 14.35%. Epic: Provides 30% ELDA token Staking boost raises the APY to 15.55%. Legendary: Provides 40% ELDA token Staking boost boosts the APY to 16.74%. Ancient: Provides 60% ELDA token Staking boost enhances the APY to 19.14%. Unique: Provides 90% ELDA token Staking boost elevates the APY to 22.72%. New and Advanced ELDA Runes Holder Roles: The ELDA Runes NFT collection stands at the intersection of utility, technology, art and community. As our ecosystem has evolved, so too has the need to recognize and reward our members in ways that mirror their contributions and achievements within this space. To address this, we have expanded and refined our Discord role system to include new criteria and a new role that better encapsulates the achievements of our most dedicated holders. This system introduces flexibility in qualifying for roles, allowing collectors to ascend through the ranks not only by amassing a large number of NFTs but also by curating collections of significant rarity and value. The giveaway channel is the hub for announcing these raffle opportunities, where roles come into play by providing multipliers based on the rarity of the NFTs held. This system aims to reward not only the breadth of one's collection but also the uniqueness and value it represents, fostering a more vibrant and equitable community ecosystem. Updated Discord Roles and Multipliers: Rune Holder: 1x multiplier - Holding at least 1 ELDA Runes NFT.
Rune Keeper: 2x multiplier - Holding 5-9 ELDA Runes NFTs or at least 1 Rare ELDA Rune.
Rune Defender: 3x multiplier - Holding 10-19 ELDA Runes NFTs or at least 1 Epic ELDA Rune.
Rune Protector: 5x multiplier - Holding 20-49 ELDA Runes NFTs or at least 1 Legendary ELDA Rune.
Rune Guardian: 10x multiplier - Holding 50-99 ELDA Runes NFTs or at least 1 Ancient ELDA Rune.
The Lord of the Runes: 12x multiplier - Holding 100 or more ELDA Runes NFTs or at least 1 Unique ELDA Rune. Hold&Earn: Soon!
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