NEXT+Finminity Own-A-Robot (NFT Competition)
🚀 We are happy to announce Own-A-Robot Competition by NEXT Protocol and Finminity 🚀
🤖 Great Opportunity for you. You can WIN A ROBOT. 🤖
💰 And EARN from the Rental Yield! 💰
The 20 winners will have fractional ownership of a Robot, with the best 5 from them will get an additional 1,000 $FMT. In case of tie, we will decide from the Meme competition. You all will decide through voting.
The Serial Number of the robot for which you are competing is 00118350006
You can also visit our GitHub for Visitor Management System: https://github.com/nextibot/Nextprotocol
This competition is for you and by you. Isn’t it great!
You can join the competition here — https://gleam.io/C96kk/own-a-robot-and-earn
What is the concept behind Robot Ownership?
To understand this you need to know about NEXT Protocol. NEXT Protocol is a DeFi based protocol used for Fractional Ownership of Robots.
After deployment of the robots through NEXT Protocol’s DeFi Platform, the details of the robots will be stored in blockchain. Each Robots will be mapped to NFT with its Serial number and its workplace. The NFT will be further mapped with a Staking Contract. The rental yields will be tracked through the Staking Contract Each Robot NFT’s Rental yield will be assigned to a staking pool of NEXT Token Holders. Any token holder who has staked his tokens can be part of the rental yield program. Based on the number of tokens staked in that pool, the yields will be distributed to the NEXT Token Holders. When more robots are added through NFT, the rental yields & reward distribution will go up. More NFTs with Staking Contract need to be added as new service robots are added from other OEMs.
While deploying our solution with many organizations we have seen there are various barriers to entry, one of which was the ROI from the commercial or home users.
However, when we are distributing the ownership through the DeFi protocol, then we are able to break the barrier. The buyers now also can go for the model of part-owner or/and rental. And the tokenholders can get rental yield through staking. It is a win-win situation for both.
How is the market of Robot in real life?
The global service robotics market is expected to reach US $23.90 Billion by 2022, at a CAGR of 15.18% between 2016 and 2022.
The market is expected to grow substantially owing to factors such as high demand from medical and healthcare sector, increasing usage of robots for education & research purposes and short- to medium-term payback period and high return on investment (ROI).
Now this information was a prediction based on then-market analysis, which has been changed significantly post-COVID era.
The requirements and used cases have been growing since the pandemic. Our Protocol has designed the solution for Robots to handle such situation. With AI driven protocol we make them more close to human. They are able to greet and guide people, also to keep an eye on patients, helping them carrying things. If you think of a scenario if aged people can get such support it will be wonderful success of this vision. We want to achieve that. Robot with AI Driven Modules will become a human companion. NEXT Protocol is exactly providing the solution where the required application can be deployed at ease.
The requirement of robots in commercial spaces is growing tremendously. It has become eminent when the work with life risk will be done by robots to secure precious lives of others. Post-pandemic world will drive robotic adoption and next protocol with its AI driven robot training and customization platform will make this adoption more mainstream and grass-rooted.
What is the Own-A-Robot Competition?
In the case of Own-A-Robot we are using NFT Platform with the multi-owner model. We are going to map the robot in an NFT block and it will be assigned to 20 winners of the contest. 50% of the Robot rental will be shared with all the owners of the NFT Token.
The participants need to finish the tasks as mentioned in the campaign. The more entry points you will earn you will have higher chance to win. In case of tie, we will select your memes and put it in the community for voting. Based on the voting you will receive we will finalize the winners.
Can the user sell their share?
The ownership is transferable. You can sell it in the Marketplace and transfer the ownership. You can even stake it to earn from the pool.
How the users will be paid?
The users will be paid to their BEP-20 Compatible wallet address, as our ecosystem is based on BSC.
How do the NFT Platform and Robot Platform work?
You can create your own robot either from the predefined setup, or by your own coding skills in the NFT Marketplace. You can create various add-ons as skins, parts, game world, etc in the platform. You can participate in the games to earn tokens, or you can rent out your robots for other users in the marketplace. If your design have been used commercially either in any of our robots which has been deployed in commercial place, you can earn rental yield as well.
NOTE: Robot Ownership Is basically Yield Ownership. The Ownership is for the percentage Yield accrued to the Robot, which has been put in the NFT blockchain.
To know about NEXT Protocol and Finminity please visit
Websites: https://nextprotocol.tech, https://finminity.com
Social Channels:
NEXT Protocol
https://t.me/nextprotocol
https://twitter.com/ProtocolNext
https://medium.com/@nextprotocol
https://www.facebook.com/PoweredbyNextprotocol
https://www.instagram.com/nextprotocol
https://www.linkedin.com/company/nextprotocol
https://www.youtube.com/channel/UC7AefOa83Ee-JeKW8eqt0Fw
Finminity
https://t.me/FinminityOfficial
https://twitter.com/finminity
https://medium.com/@finminity
https://instagram.com/finminity
https://www.linkedin.com/company/finminity/
https://www.youtube.com/channel/UC4WACo9cQZ4VjZjBsskjlvg
