⚡Rarity

Currently the NFTs on our platform can have the following rarity levels:

• Common

  • every MEME created on our platform starts as rarity Common

  • these NFTs have almost no value

  • part of the Meme NFT collection

• Rare (n)

  • MEMEs in Top 10 have a rarity of Rare (rarity 1 - 10 internally), followed by the inverse of the place they were in the top; eg: MEME in last place has rarity 1 and MEME in 1st place has rarity 10

  • these NFTs are really valuable, since only 10 of these NFTs are created each period (if one week period then ~520 NFTs per year)

  • part of the Top Meme NFT collection

• Super Rare

  • this rarity is reserved for exclusive MEMEs that come from our partners or are official platform MEMEs (rarity 255 internally)

  • are more valuable than the 1st place NFT from the Top 10

  • part of the Top Meme NFT collection

The Rarity of an NFT is stored in the NFT attributes of the Top Meme NFT. A normal Meme NFT is upgraded to a Top Meme NFT if it was part of an auction, with the Rarity being stored in the attributes. If the NFT locked in the auction is already a Top Meme NFT, the Rarity in the attributes is upgraded instead.

Because the Rarity is stored at the NFT level, it is easy to build more functionalities in the future that takes this attribute into account (eg: referal system/staking/DAO contracts etc).