8 Day Supply Creation

The supply creation phase for Mizuchi NFTs and the associated $MZI token will last only 8 days and give all users who participate during this time an equal cost basis.

After these first 8 days, the supply is capped and $MZI will become hyper-deflationary.

• When supply is created by a user using X28, TITANX or ETH, the smart contract mints an NFT to their wallet as well as $MZI tokens at a 1:1 ratio with X28 to The Wyrmhole.

• The only way to claim the $MZI tokens linked with the NFT is by burning an NFT to claim the $MZI backing through The Wyrmhole.

• If a user chooses to mint with TITANX or ETH, the minting smart contract automatically transforms your tokens to X28 on the backend. From there it mints an NFT to the user's wallet, as well as the corresponding $MZI tokens to The Wyrmhole. This mechanism burns 50% of the TITANX that is converted to X28 via this process.

• At the end of the supply creation phase, the smart contract will calculate the total amount of $MZI created in the first 8 days and then mint an additional 22% of $MZI tokens to Mizuchi's Hoard to seed initial funds for Perpetual Daily Auctions.

There is a 24-hour waiting period from the timestamp when a user mints an NFT to when they are able to burn their NFT to claim the $MZI token backing via The Wyrmhole.

The $MZI tokens linked to the user's NFT will vest over 28 days subject to The Serpent's Due which you can read about here.

Mizuchi 8 Day Supply Creation

NFT Minting Tiers

There are 8 different minting tiers for Mizuchi NFTS which mint an equal amount of $MZI tokens to The Wyrmhole at a 1:1 ratio with X28.

1. Mizuchi: 10,000,000 $X28 = 10,000,000 $MZI

2. Kiyohime: 50,000,000 $X28 = 50,000,000 $MZI

3. Kai Riu: 100,000,000 $X28 = 100,000,000 $MZI

4. Ryujin: 500,000,000 $X28 = 500,000,000 $MZI

5. Haku: 1,000,000,000 $X28 = 1,000,000,000 $MZI

6. Watatsumi: 5,000,000,000 $X28 = 5,000,000,000 $MZI

7. Azure: 10,000,000,000 $X28 = 10,000,000,000 $MZI

8. Orochi: 15,000,000,000 $X28 = 15,000,000,000 $MZI