Details of Project Updates

2 min readNov 1, 2020

As Announced, i will write a detailed update about the upcoming changes of $BRAIN and the Ecosystem.

$BRAIN Token

$IQ will be an ERC-20, which means it will have functions as any other token. The Supply will be Unlimited, but given the fact that it burns on Lootbox redeems and transactions, we believe it will create a specific amount of circulating supply.
There will be a 10% $IQ Burn on each transaction.
Set $IQ as payment option on opensea.
We will create a $BRAIN/$IQ market aswell as a Farm to incentivize LP’s.

We have a flat tax of 1% on each stake, paid from the currency you stake.
No staking Limits anymore.
You earn 1 $IQ / 1 “stake” / Day (24h).
Everyone’s farm is capped at 50 $IQ where the farming would stop until you press “Claim $IQ”.
“Claim $IQ” function would force a restake of your whole balance which then gets taxed.
The taxed $BRAIN will be sent to the Fee Distributor which benefits Locked LP stakers APY.
The taxed $LockedLP will be used to build out the “Brainhouse” which will act as a generator to slowly rise the price floor.
The taxed $BRAIN/$IQ LP will get unwrapped whereas the $BRAIN gets used to buy and burn $IQ.
The $BRAIN we use to reward the $BRAIN/$IQ LP’s will come from our “Brainhouse”. This will grow with time since we always get taxes and reinvest 100% back into the system.

NFT‘s will have 10% Royalty. 5% to the creator, 2.5% to the art treasury and 2.5% will get used to buyback Brain, which goes to the Fee Distributor.
You can burn Common Tier NFT‘s to get 5 $IQ back.
You can Stake Legendary and Exotic NFT‘s. If you stake a full set of 5 Legendary or 2 Exotics you will have a certain % boost on your $IQ farm.
We will introduce further use case with time.

Website Designs aswell as Farm Updates will approx. get rolled out within 14 Days.