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==$BYTE Yield== | ==$BYTE Yield== | ||
Yield is the daily rate that $BYTES are produced by a Citizen, based on its ID's stats plus the vault modifier. | |||
'''How is $BYTE yield calculated?''' | '''How is $BYTE yield calculated?''' | ||
Revision as of 09:54, 27 March 2022
The first 4,000 Citizens to upload produce $BYTES, an ERC-20 token. $BYTES are produced at a predictable rate based on how long the Citizen has been uploaded, its component Identity's credit yield value and, if it was uploaded with a Vault, the Vault modifier.
$BYTES are used to mint new Neo Tokyo Bought Identities (NEOTBI), Neo Tokyo Part 3 Item Caches (NTITEM), Neo Tokyo Part 4 Land Deeds (NTLD), change a Citizen's upload message, and (in the future) change the gender of a Citizen. $BYTES were also used in a one-time burn event to increase the rarity of stats for Outer Identities.
"Bytes" and "credits" are often used interchangeably.
$BYTE Yield
Yield is the daily rate that $BYTES are produced by a Citizen, based on its ID's stats plus the vault modifier.
How is $BYTE yield calculated?
A Citizen's $BYTE yield is the sum of "creditYield" of the ID or Bought ID and the "creditMultiplier" of the (optional) Vault per day. $BYTE yield will increase by one $BYTE a day, if a Citizen is uploaded for one year.
If a Citizen is disassembled, it no longer accumulates $BYTES and the bonus increase disappears and the one-year counter resets.
Citizen Credit Yield (creditYield)
| Credit Yield | Rarity | $BYTES/day |
|---|---|---|
| Low | 73% | 1 |
| Mid | 22% | 3 |
| High | 3% | 8 |
A Hand of the Citadel yields 15 $BYTES.
Vault Yield (creditMultiplier)
| Vault Yield | Rarity | Yield (+) Modifier/day |
|---|---|---|
| Low | 50.68% | 1 |
| Medium | 24.76% | 2 |
| Medium High | 10% | 3 |
| High | 9.2% | 4 |
| Very High | 4.44% | 5 |
| ? | 0.92% | 7 |
Claim $BYTES
How Many $BYTES Has a Citizen Accumulated?
To see the amount of accumulated $BYTES a Citizen can claim, you can either:
- Enter the wallet address containing the Citizen at https://bytestobytes.com/
Or
- In the $BYTES contract (https://etherscan.io/address/0x7d647b1a0dcd5525e9c6b3d14be58f27674f8c95#readContract), in the Read Contract tab,
7. getTotalClaimable, enter the wallet address containing the Citizen and click Query.
Claim $BYTES from Contract
$BYTES must be claimed from the Citizen Contract.
To claim $BYTES:
- Connect a wallet with the required NFTs to the Citizen Contract via Etherscan.
- Select the Write Contract tab.
- Click Write beneath function
6. getReward - Confirm the transaction via the connected wallet.
To maximize the BYTES claimed, the best practice is to claim them immediately after a BYTE was produced, at which point the start time for their production cycle is reset.
It is also a good practice to claim $BYTES when gas fees are low on the Ethereum network.
Burning $BYTES
There are several uses for $BYTES that are deflationary (that destroy them) and reduce the total supply. Neo Tokyo NFTs can be minted for $BYTES, a Citizen's description can be changed, or $BYTES can be sent directly to a burn address.
Through ether contracts (except new S1 ID) linked below.
- Connect the correct wallet through the
Connect to Web3button. - Select the option of choice.
- Click
Write
Using $BYTES
10 $BYTES burned to change your Citizen special message.
- From this contract, option 3 (token ID is your citizen ID).
25 $BYTES burned to change Citizen gender. (Not currently available)
- From this contract, option 2 (token ID is your citizen ID).
500 $BYTES burned to mint a new item cache.
- From this contract, option 3.
500 $BYTES burned to mint a new land deed.
- From this contract, option 2.
2000 $BYTES burned to mint a new S1 bought identity
- From this website.
Minting Neo Tokyo NFTs using $BYTES
$BYTES can be used to mint Neo Tokyo Citizen component NFTs.
For more information on minting with $BYTES, see the Minting Neo Tokyo NFTs using $BYTES article.
Changing a Citizen's Description/Upload Message
$BYTES can also be used to change the unique on-chain description for a Citizen.
$BYTE Value on Cryptocurrency Exchanges
https://www.dextools.io/app/ether/pair-explorer/0x3782a3425cd093d5cd0c5b684be72641e199029c
$BYTES Contract and Token
https://etherscan.io/address/0x7d647b1a0dcd5525e9c6b3d14be58f27674f8c95
https://etherscan.io/token/0x7d647b1a0dcd5525e9c6b3d14be58f27674f8c95