OptionRoom Launches Deflationary ROOM NFT Staking

Due to the support of our enormous community we are launching a series of side features benefitting ROOM holders before the actual OptionRoom Prediction Markets and Oracle as a Service — (OaaS) go live.

Deflationary ROOM NFT staking is a side feature as a thank you for the support we received thus far.

We are launching 5 tiers of NFTs created for OptionRoom by RektmeRev.

Users can burn ROOM to obtain NFT’s. Previous tier NFT can then be burned together with more ROOM tokens to obtain a higher tier for a total of 5 tiers. A minimum of 150,000 ROOM will be taken out of circulation with the launch of this program. A total of 200,000 ROOM tokens will be available in rewards over 6 months, by locking the obtained NFT and staking ROOM tokens with it.

ROOM Deflationary Staking Specifications:

• Staking Rewards: 200,000 ROOM
• Tiers of NFT’s: 5
• Total program ROOM consumed: 150,000 ROOM
• Total Program duration: (6 months)
• Total Number of NFTs in circulation: (222) ERC-1155

OptionRoom Genesis NFT Collection

• Tier 1: Fallen Oracle, a total of 75 in circulation burning 500 ROOM each. 50,000 ROOM distributed amongst ROOM stakers on this Tier based on their pool share.
• Tier 2: ROOM, a total of 60 in circulation burning Tier 1 NFT + 120 ROOM. 49,600 ROOM distributed amongst ROOM stakers on this Tier based on their pool share.
• Tier 3: Echelon, a total of 45 in circulation burning Tier 2 NFT + 120 ROOM. 44,400 ROOM distributed amongst ROOM stakers on this Tier based on their pool share.
• Tier 4: Pyramid, a total of 30 in circulation burning Tier 3 NFT + 160 ROOM. 36,000 ROOM distributed amongst ROOM stakers on this Tier based on their pool share.
• Tier 5: Citadel, a total of 12 in circulation burning Tier 4 NFT + 350 ROOM. 20,000 ROOM distributed amongst ROOM stakers on this Tier based on their pool share.

Step by step guide on how to obtain Deflationary Staking NFTs

1. Own ROOM on your MetaMask wallet. ROOM can be purchased here: https://www.optionroom.exchange

2. Enter: https://app.optionroom.finance/nft

3. In the top right corner connect your MetaMask.

Make sure the correct MetaMask wallet is connected.

4. Click on “Approve ROOM” and then “Get NFT” and confirm the transaction with your MetaMask.

Warning this transaction will cost 500 ROOM.

5. Congratulations. You are now an owner of one of the 75 Tier 1 ‘Fallen Oracle’ NFTs.

6. You can now burn your Tier 1 NFT together with 120 ROOM to upgrade to Tier 2 NFT ‘ROOM’.

7. Once you are satisfied with the Tier of your NFT, navigate to ‘NFT Staking’ in the right menu.

8. Click on Approve ROOM, then Approve NFT. Confirm both transactions with MetaMask.

9. Click on Stake, choose the amount of ROOM tokens you wish to stake with your NFT.

10. Congratulations. You are now staking your ROOM tokens together with you NFT.

11. To un-stake your NFT and ROOM tokens click Unstake. Confirm the transaction with MetaMask.

Can you manage to obtain one of the 12 Tier 5 Citadel NFT’s?

Follow us:

Website: https://www.optionroom.finance

Telegram: https://t.me/OptionRoom

Twitter: https://twitter.com/option_room