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== Getting started ==
== Getting started ==

Revision as of 15:07, 10 March 2022


   
Citizen #2350
Neo Tokyo is the crypto gaming illuminati—a community created by zssbecker and elliotrades with programmer Thrasher66099.

To gain access to Neo Tokyo, you must hold a Citizen (also known as an "S1") or Outer Citizen ("S2") Ethereum-based NFT, which serve as both a traditional profile picture and a way to enter the community. These NFTs are composite avatars made up of component NFTs, including an identity, item cache, and land deed. Citizen NFTs also require a vault.

To enter the community, you must decide to compile a Citizen or Outer Citizen from the component parts (known as "assembling" or "uploading") or purchase an already-assembled Citizen or Outer Citizen.

Citizens and Outer Citizens can also generate $BYTES (a community token), if they are staked.

The official website for Neo Tokyo is https://neotokyo.codes
The community can be found in the Neo Tokyo Citadel on the Discord platform.

 
Featured Article
ID credit yield
An Identity's $BYTE yield

Staked S1 and S2 Citizens yield $BYTES, an ERC-20 token. The Bytes 2.0 staking mechanism went live on June 15th, 2023 and replaced legacy Bytes. You can view, access and manage your staking rewards on the official Neo Tokyo website, under the /profile section.

Bytes 2.0 Yield

Both S1 and S2 Citizens which are uploaded and staked produce $BYTES. Holders can choose between 5 different hard-lock staking periods: 1 month, 3 months, 6 months, 12 months and 24 months. Once the NFT is staked, it cannot be unstaked for the duration of the time frame selected. The same goes for Vault NFTs and $BYTES themselves. However, $BYTES yield can be claimed as often as you’d like. It is not blocked by the staking period.

There are two separate emission streams: S1 Citizen yield and S2 Outer Citizen yield.

Note: This yield breakdown is a simplification. The actual mechanism in place is quite technical and complex. If you want to dive deeper into the details, feel free to read the full tokenomics breakdown here. https://docs.google.com/document/d/1XJjFP350JSSEhdbiLUp3A9fKPIDvIbZEM38KLF4p5Ww/edit#heading=h.mf3gpaejdb6v

S1 Citizen Yield

The amount of daily yield for S1 citizens is a bit more complex than for S2’s and is determined by the following factors:

  • Identity Multiplier — one of the components that goes into assembling an S1 Citizen NFT is the Identity. Each identity has a “Credit Yield” trait that ranges from 1 to 3.
  • Vault Multiplier — the multiplication factor of the staked vault.
  • Overall Participation — the amount of Citizens participating in the staking pool.
  • Staking Duration — the duration of the staking period impacts the yield by multiplying it the amounts below:
S1 Staking Period Staking Boost
1 Month No boost
3 Months 1.25x
6 Months 1.5x
12 Months 2x
24 Months 3x
  • The amount of $BYTES staked — S1 citizens also have an option to hard-lock from 0 up to 2000 $BYTES into staking. The boost they receive goes up in increments of 1 for each 200 $BYTES added.

S2 Citizen Yield

For S2 Citizens, the NFT’s rarity has no effect on the amount of bytes they produce, even though their “allocation” trait is sometimes mistaken for a parameter that determines yield. S2 citizens must stake 200 bytes in order to start accumulating.

How Many $BYTES Has a Citizen Accumulated?

To see the amount of accumulated $BYTES a Citizen can claim, you can either:

Or

Or

  • Navigate to the $BYTES contract (https://etherscan.io/address/0x67e1ecfa9232e27eaf3133b968a33a9a0dca9e16#readContract). In the Read Contract tab, 20. getPendingPoolReward, enter:
    • Enter 0 for S1 Citizen or 1 for S2 Outer Citizen in the _assetType (uint8) field.
    • Enter the wallet address containing the staked Citizen and click Query.
    • Tap the first line of numbers to appear. Scroll down to the 7th line Ether (1) to interpret the balance of the rewards. Note: Totals for staked S1 and S2 citizens must be manually combined to determine the total amount of unclaimed rewards.

Claim Bytes

You can claim your staking rewards in Bytes on the official Neo Tokyo website, under the /profile section.

Claim Bytes from the Citizen Banking (your profile page) on the official site.


Bytes History

Initially $BYTES were distributed automatically when an S1 citizen NFT was assembled. Staking was not needed. The amount of $BYTES a citizen produced was based solely on the combination of their Vault and ID rarity, with yields ranging from 1 to 15. For more information, see the Legacy Bytes article.

Can I still claim my BYTES 1.0 Yield?

No, claiming was disabled forever on Wednesday, August 10th.

Can I exchange my Bytes 1.0 to Bytes 2.0?

If you still hold legacy Bytes, you can exchange them for Bytes 2.0. See the Migration article for details.

Bytes Use Cases

Bytes are the native currency of the Neo Tokyo ecosystem and have many different utilities.

Here are some of them:

  • Bytes are used to mint new NFTs. Some of the collections you can mint are Neo Tokyo Bought Identities (NEOTBI), Neo Tokyo Part 4 Land Deeds (NTLD) and Neo Tokyo Part 3 Item Caches (NTITEM).
  • Gender Swap
  • Editing your upload message
  • Tipping system (in Neo Tokyo’s Discord server)
  • Integration into other projects and communities

$BYTE Value on Cryptocurrency Exchanges

DEXTools: https://www.dextools.io/app/en/ether/pair-explorer/0xfeb09c7e130a4b87b27ebd648ec485657b688b34

Contract Address

BYTES (BYTES): https://etherscan.io/address/0xa19f5264f7d7be11c451c093d8f92592820bea86

See Also

Staking
Vaults

 
Official Neo Tokyo Links
All the news here from a news template
 
Neo Tokyo Lore
All the news here from a news template
 
Frequently Asked Questions
  • How do I...
  • What is Neo Tokyo?
  • How do I join Neo Tokyo?
  • What is a Citizen?
  • What is The Citadel?
  • What are the benefits to being a Citizen?
  • How do I claim Bytes?
  • How do I upload?
  • What if I want to change a component of my citizen?

Getting started

Code overviews

Bytes and yield


Citizens

Outlanders

Lore

Additional Resources

Citizen Wiki Meta

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