The initial investment required to play NFT games is out of reach for many players. Balthazar is an NFT gaming platform, which is helping players to bridge the divide by allowing them to play NFT games for free and still win prizes.
What is BalthazarDAO (BZR)?
Balthazar is an NFT gaming platform like no other. It uniquely connects gamers, academics, investors and gaming companies. Players can access NFT-based games, NFT holders can access earnings, cryptocurrency enthusiasts can trade, and gaming companies can access a gaming community.
They also provide features like LaunchPad, Marketplace, Lending. These resources combine to form a place where NFTs can be rented by Balthazar for academic gaming use. Balthazar supports the guild through social media, research articles, educational and training and development resources around games and cryptocurrency investing learning.
How does BalthazarDAO (BZR) work?
Balthazar is a Decentralized Autonomous Organization (DAO) with the vision of having the largest number of academics allocated renting NFTs to the highly engaged and constantly growing guilds. Its mission is to deploy as many Wizards as possible in NFT games and provide new opportunities for players, Tokens and digital asset owners.
Balthazar DAO has 4 main products that help create a sustainable NFT ecosystem platform:
To develop relationships with Balthazar, research reports create thought leadership and demand for games. As a bonus, you’ll be able to discover new games and NFTs before they’re released to the general public, often at a significant discount.
Games will be encouraged to be released on the Balthazar launch pad due to the large community of scholars and interested buyers. The balthazar will charge a transaction fee or accept payment in the form of an NFT, which can be sold. Users who bet BZR will be more likely to receive a whitelist point through randomization. The more BZR you have, the more likely you are to win a spot on the whitelist to participate.
Balthazar uses his community of players to utilize NFTs, automating the payment of rewards back to the digital asset owner, academic and Balthazar fees. Digital asset owners (lenders) who lend their assets to Balthazar will receive an NFT representing ownership of the underlying NFT assets loaned to Balthazar. This NFT is referred to as a “pNFT”. pNFTs are Balthazar’s unique solution for creating a marketplace to trade a portfolio of NFT assets tied to ongoing academic relationships.
The Marketplace is where digital asset owners can buy and sell pNFTs.
Benefits of selling a pNFT instead of asking for the return of NFTs:
- Ease of administration – Lenders/owners will be able to sell their NFT portfolio in a single transaction, rather than requesting the return of NFTs and selling each one individually.
- Lower Transaction Costs – Most markets charge an administration fee for the sale of individual NFT assets that exceeds the transaction fee charged for using the Balthazar market to trade pNFT. The transaction cost incurred to trade pNFT is less than the transaction cost required to request the return of the assets.
- Potential to sell assets at a premium relative to their underlying NAV – Due to the ease of managing the purchase of NFTs with a built-in academic relationship, and the high quality of academic relationship that Balthazar will provide, pNFTs can trade at a premium to their NAV in the secondary market. We do not expect assets to trade below the NAV due to arbitrage opportunities that will create a price floor for pNFTs (people can buy pNFTs and then ask Balthazar NFTs for a return if they trade at a discount to the NAV).
Benefits of purchasing pNFTs instead of individual NFTs:
- Purchasing Intellectual Property (IP) – Scholars have practiced and acquired familiarity with specific NFTs, resulting in superior results.
- Ease of administration.
- Lower transaction costs.
- Transparency of the quality of the school relationship and historical performance.
What are pNFTS?
pNFTs are Balthazar’s unique solution for creating a marketplace to trade a portfolio of NFT assets tied to ongoing academic relationships.
How it works?
Digital asset owners (lenders) who lend their assets to Balthazar will receive an NFT representing ownership of the underlying NFT assets loaned to Balthazar. This NFT is referred to as a “pNFT”. These pNFTs will include the academic relationships linked to these assets. If the lender wishes to sell his gaming NFTs, he has the option to:
- Have your goods returned from Balthazar and sell them individually. Balthazar will burn the pNFT once the assets are returned. This will incur a 4% transaction fee.
- Selling pNFT on the Balthazar Market. This will incur a 2% transaction fee.
BZR cryptocurrency has a maximum supply of 2.000.000 BZR tokens. The BZR coin is a functional multi-utility token that will be used as a native governance token and economic incentive that will be distributed to encourage users to exert contribution and participation efforts in the ecosystem on the Balthazar platform, thus creating a mutually beneficial system where every participant is rewarded. fairly for their efforts.
BZR is an integral and indispensable part of the Balthazar platform, as without BZR there would be no incentive for users to spend resources to participate in activities or provide services for the benefit of the entire ecosystem on the Balthazar platform. Given that additional BZR will be awarded to a user based solely on their actual usage, activity and efforts undertaken on the Balthazar platform and/or proportionate to the frequency and volume of transactions, users of the Balthazar platform and/or BZR holders who have not actively participated will not receive any BZR incentives. The BZR token is designed to be used in all areas of the growing Metaverse through a variety of platform activities.
BZR token use case:
- Governance: BZR would allow incumbents to propose and vote on governance proposals to determine future features, updates and/or parameters of the Balthazar platform, or provide feedback
- LaunchPad Benefit: Balthazar token holders will be able to wager BZR to receive a higher probability of receiving a random whitelist/allocation for pre-launch games and tokens.
- Staking: Holders of Balthazar tokens will be able to stake their tokens to participate in many other activities on the platform.
Balthazar aims to be a fully Decentralized Autonomous Organization. This means that decision-making depends on our token holders, not a centralized authority. The BZR would allow incumbents to propose and vote on governance proposals to determine future features, updates and/or parameters of the Balthazar platform or provide feedback. Voting will take place through a portal where token holders will be able to initiate proposals that will be voted on by other BZR holders. The portal will also act as an open forum for members to discuss the various proposals.
Voting rights are restricted to voting on Balthazar platform features only; does not give BZR holders the right to vote on the operation and management of the Company, its affiliates or its assets or the disposition of such assets to token holders, or select the board of directors or similar bodies of such entities, or determine the development direction of these entities, nor does BZR constitute any equity interest in any such entities or in any collective investment scheme; the agreement is not intended to be any form of joint venture or partnership. After the launch of governance, there will be no individual or corporate entity or other active promoter, sponsor or affiliated group or party that maintains exclusive control over the platform.
Balthazar token holders will be able to stake BZR to receive a higher probability of receiving a random whitelist/allocation for pre-launch games and tokens. A higher amount wagered, along with a longer blocking period, will contribute to increasing your odds increase.
Holders of Balthazar tokens will be able to stake their tokens to participate in many other activities on the platform. BZR does not in any way represent any equity interest, interest, right, title or interest in the Company, the Distributor, their respective affiliates or any other company, venture or venture, nor will BZR entitle token holders to any promise of fees, dividends, income, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction.
The BZR may only be used on the Balthazar platform, and ownership of the same has no rights, express or implied, other than the right to use the BZR as a means of enabling use and interaction within the Balthazar platform. The secondary market price of BZR is not dependent on the effort of the Balthazar team, and there is no functionality or token scheme designed to control or manipulate this secondary price.
The fastest growing segment of the cryptocurrency market is games to win, which is expected to continue into 2022 and beyond. However, the initial investment required to play NFT games puts them out of reach for many players. Balthazar, an NFT gaming platform, is helping gamers bridge that divide by allowing them to play NFT games for free and still win prizes.