[INTRO]
As mentioned before, WOO allows its NFT owners to enter their wrestler, manager, and lore cards into a year long hourly raffling system known as a NFT Mining.
Cards are staked and have a set value of tickets they are worth based on their rarity. At the end of each hour 50 winning tickets are chosen for each unique wallet name (meaning each wallet can only win one time per hour). The
[PROS]
Players that have chosen to stake their NFTs into mining have a chance to win 342 $WOO hourly. As these cards remain staked and off the market to be sold, their value goes up due to supply and demand. The $WOO is claimable at then end of the hour period and it can be staked to earn more passive $WOO, sold for other assets, paired and put into a liquidity pool to earn more passive $WOO, or traded for other assets including more cards to mine with.
As newer players come into build their card collection so they can have more chances to win $WOO each hour from mining the value of cards go up in price as well.
As the prices of cards go up the WOO wrestling partners are paid more because of the 10% they receive from the total market sale and the price of $WOO goes up because of the WOO buy back system (each time a purchase is made in the market, the WOO marketing bot will convert the $SWAP.HBD in $SWAP.HIVE and use it to buy more $WOO, raising the price of $WOO and decreasing the amount of liquid $WOO on the market.)
Lastly, as more packs are opened their value goes up, players that receive airdrops from holding packs earn more $WOO and it allows for the chance for more cards to be on the market to be sold.
[CONS]
Continuing from the previous thought, adversely, if the packs are opened and all of the cards are entered into mining, decreasing your chances of winning as more player join, your probability of wining gets lower.
The next issue with NFT mining is the uncertainty and the unfortunate unforeseen events when the hive nodes are unavailable or unresponsive. This leads to not being able to earn until the nodes catch up. The WOO Staff have done their best to get make up the missed winnings, but it will ultimately be disperiered to land owners after the mining is over.
Also, you will have your NFT’s locked up and it will take 48 hours for you to be able to sell them or trade them as they have to cool down to be on state. This is cause you to lose out on opportunities to make a quick play in the market or capitalize on an opportunity That may never happen again.
Card leveling (which is done by combining cards into one, decreasing their total individual supply) won’t start until mining is over to prevent less issues on the developers.
[END]
None of the cons are necessarily deal breakers for old or new players depending on their game plan. Even if a player choses to just hold the alpha set of card to resell them later and earns passive $WOO from mining they will still need to be active in compounding daily or even swiping their $WOO for $HIVE during certain market circumstances to make the most of their earnings.
none of this is financial advice, just sharing some random thoughts.
HOW TO BUY WOO LAND | HERE
WHAT IS WRESTLING ORGANIZATION ONLINE? | HERE
WOO’S MISSION
Wrestling Organization Online is a captivating play-to-earn business management game that allows players to construct and manage their own traveling wrestling organizations. The game's mechanics revolve around acquiring NFT wrestlers, buying cities, and upgrading facilities and venues. Players must then compete against one another to earn more of the game's token, $WOO.
However, this game isn't just about entertainment; it's also about positively impacting the wrestling industry. Wrestling Organization Online plans to implement NFT versions of independent and retired wrestlers, which will allow players to own a piece of wrestling history. The game's developers are committed to sharing a percentage of the sales with partnered wrestlers, and wrestlers will receive 100% of the market fee for their NFTs.
UPCOMING WOO EVENTS WITH CHANCES TO $WOO & OTHER PRIZES
WOO JEOPARDY -- THIS SATURDY AT 2:00 PM EST | ON TWITCH
1000 $WOO, 1x WOOALPHA, 1x WOO NFT
500 $WOO, 1x WOOALPHA
250 $WOO
All others who participate will receive $WOO!
WOO SATURDAY SLAM! -- THIS SATURDAY AT 4:00 PM EST | REGISTER
Wrestling Organization Online is proud to present WOOs the Fool! This is a special themed event for everyone's favorite holiday April Fools! Prizes include $SPS and $WOO Enter for a chance to win!
1st - 25 SPS, 5000 WOO
2nd - 20 SPS, 4000 WOO
3rd - 15 SPS, 3000 WOO
4th - 10 SPS, 2000 WOO
5-25th - 250 WOO