Launched: December 02 2022

Fyre Fan

Collectable
0
30
Summary:

Fyre Fan is a Formula 1 NFT with a utility that rewards NFT holders with F1 Events, Experiences, Discounted F1 tickets and Fyre Fan Tokens.

Fyre Fan is focused on one primary goal - to bring the best Formula 1 experiences to NFT Holders powered by an access only NFT Utility.
Our concept is simple - to give back to the fans that made this sport as big as it is today.
NO scams and tactics to lure people to invest in some complicated Scheme
Finally a utility that gives Formula 1 Fans an opportunity to access a life changing experience and earn passive income at a once off minimal cost of an NFT.

Description:

The Fyre Fan NFT is a unique limited-edition product built for the Formula 1 Grand Prix. With the Fyre Fan NFT, fans will gain access to the following once in a lifetime experiences:
Raffles to win:

F1 Experience
- CHAMPIONSHIP TROPHY PHOTO
- F1 GUIDED TRACK TOUR
- EXCLUSIVE PIT LANE WALK
- LIVE ON THE GRID

F1 Authentics
Guaranteed authentic F1 item with a certificate of authenticity and/or an authentic hologram which allows you to scan and register your memorabilia, certifying it and naming you as the official owner.

Discounted Tickets
Enter raffles to win discounted tickets to Formula 1 Events. These discounted tickets will be made available to Fyre Fan NFT Holders, reducing the cost of the event tickets by almost up to 80% of the retail price.

Additional Value to Fyre Fan NFT Holders: Fyre Fan Token

The Fyre Fan Token will be a key enabler of this community.
The Tokenomics for this is straightforward and simple.
- Holders are rewarded with tokens based on the team and driver position in an F1 event.
- Holding more NFT passes will directly result in winning more tokens.
- All tokens will have decentralized liquidity pools.
- Holders of 2+ passes will have access to mint future collections including our exciting Grand Prix Track NFT to be launched in 2023.
- All holders are rewarded, even if their Driver or NFT doesn't win any Race event.
- For every 2 Passes, the holder gets entitled to get a Race Track NFT upon Launch worth nearly $200 for free and will also benefit from other VIP benefits.

Token Airdrops will be linked to the formula 1 events - rewarding Formula 1 NFT Holders with the Fyre Fan token.
The total supply of Fyre Fan Tokens will ONLY be 5 000 000.
These tokens will be rewarded to NFT Holders after every event.
The tokens rewarded and airdropped to NFT Holders will depend on where the drivers and Teams finished in that Grand Prix Event.
The number of tokens rewarded to the NFT Holder will equal the F1 Point table after every F1 event.
There are 2 token Airdrops that will take place after every F1 Grand Prix event.

Driver Standings - the number of tokens the NFT Holder will receive will equal the number of points allocated for the final standing of the driver for each event.
First Place = 25 Tokens
Second Place = 18 Tokens
Third Place = 15 Tokens
Forth Place = 12 Tokens
Fifth Place = 10 Tokens
Sixth Place = 8 Tokens
Seventh Place = 6 Tokens
Eight Place = 4 Tokens
Ninth Place = 2 Tokens
Tenth - Twentieth = 1 Token
Fyre Fans always win!!!!
These tokens will be used to enter Raffles, Giveaways, and special events.
To ensure the value of the token, we will be increasing and locking liquidity of the token at various stages of the NFT Sales process.