Payout Pool

Mizuchi NFT Payouts

Mizuchi NFT holders receive $MZI token payouts every eight days, starting from day 16 of the protocol. These payouts are powered by the Buy, Burn and Fuel by which buys $MZI off of the market and redistributes it to NFT holders. Every eight days, a public function to distribute payouts on the Mizuchi dApp must be activated by any user, one time only, to disperse $MZI tokens to NFT holders. After the payouts are distributed, NFT owners can claim their $MZI tokens from the dApp. Rewards can accumulate over time, allowing users to claim them whenever they wish.

Rewards Pool Multipliers

The share of rewards for each user is determined by the ratio of the sum of their NFTs' reward multipliers to the total payout multiplier for all NFTs. For instance, consider a user owning a Tier 1 Mizuchi NFT with a 10x multiplier and a Tier 5 Haku NFT with a 1000x multiplier, culminating a combined multiplier of 1010x. If the collective multiplier for all NFTs in circulation is 101,000x, then the user’s share of the rewards pool would be 1010x divided by 101,000x, which equals 0.01 or 1%.

Tier	Type	$MZI Backing	Multiplier
1	Mizuchi	10,000,000 $MZI	10x
2	Kiyohime	50,000,000 $MZI	50x
3	Kai Riu	100,000,000 $MZI	100x
4	Ryujin	500,000,000 $MZI	500x
5	Haku	1,000,000,000 $MZI	1000x
6	Watatsumi	5,000,000,000 $MZI	5000x
7	Azure	10,000,000,000 $MZI	10,000x
8	Orochi	15,000,000,000 $MZI	15,000x

NFT Advantages & Compounding Strategy

NFT holders have a distinct advantage over token holders because they are able to capture a percentage of the daily Buy, Burn and Fuel utilization by earning payouts in the $MZI token every 8 days passively. If users wish to compound their payouts they can simply Summon (mint) new hybrid NFTs via The Wyrmhole in order to capture a larger share of the total payout multiplier.

Last Minute Payout Pool Sniping Prevention

To prevent last minute sniping of the 8-Day Payout Pool, NFTs that are summoned after day 8 are subject to the Serpent's Due vesting schedule.