In the Sewer Rats discord and Twitter account it was announced that the Cheddaz NFT has a new use case. Earlier this month in the 'ideas and feedback' channel in the NFT project's discord, I stated that we needed more clarity on the use case of the $CHIZ utility token and the Cheddaz NFT. I'm glad to see the founders of the NFT project take action and create a new use case. Cheddaz are rat companion NFTs that give a multiplier to monthly $CHIZ Distributions.
Multiplier Rates:
1-4 Cheddaz = 1%
5-9 Cheddaz = 5%
10+ Cheddaz = 10%
Today since gas fees are low, I bought 5 Cheddaz on OpenSea for between 0.015 ETH to 0.03 ETH each (worth $46.82 to $93.64) . The community receives 1 Cheddaz NFT per Sewer Rat NFT, so I can claim 3 Cheddaz for the 3 Sewer Rats I own. Right now, I will receive a 5% multiplier, because I'm in the 5-9 Cheddaz range. I plan on buying 2 more Cheddaz so I can have a total of 10 Cheddaz and receive a 10% multiplier of $CHIZ tokens.
https://opensea.io/Melknee?identifier=Melknee&search[sortBy]=LISTING_DATE&search[query]=Cheddaz
1-4 Cheddaz = 1%
5-9 Cheddaz = 5%
10+ Cheddaz = 10%
Today since gas fees are low, I bought 5 Cheddaz on OpenSea for between 0.015 ETH to 0.03 ETH each (worth $46.82 to $93.64) . The community receives 1 Cheddaz NFT per Sewer Rat NFT, so I can claim 3 Cheddaz for the 3 Sewer Rats I own. Right now, I will receive a 5% multiplier, because I'm in the 5-9 Cheddaz range. I plan on buying 2 more Cheddaz so I can have a total of 10 Cheddaz and receive a 10% multiplier of $CHIZ tokens.
https://opensea.io/Melknee?identifier=Melknee&search[sortBy]=LISTING_DATE&search[query]=Cheddaz
