RugLabz Rewards

The RugLabz Reward Platform

Introducing the RugLabz Reward platform, this is a place where you can soft stake your NFTs and be rewarded $RUGZ coins each day. These coins once claimed will sit in your wallet and with these coins that you've accumulated, you can visit our RugLabz Vault and use your $RUGZ to either purchase NFTs or use your $RUGZ to win more elite NFTs.

$RUGZ

What are $RUGZ you say? $RUGZ is our off chain ERC20 coin which is primarily used as a reward token which links all the RugLabz Projects together. What this means is each project we acquire, we add their NFT collection (if they have one) to the rewards platform, we add this base utility to the projects so that the projects holders of the NFT can take advantage of accumulating $RUGZ. This helps keep investors interested and gives the holders another form of income, from buying the NFTs from our vault with $RUGZ and then selling them on the market.

The RugDollz Trade Centre

The RugDollz Trade Centre utilises the RugLabz reward platform, by allowing holders of the RugDollz projects NFT to trade in their worthless NFTs, which have been surplus from a rugged NFT project. In phase one, we swapped 1000 of our OG RugDollz for Rugged NFTs in which you can view here on our website. Later on we realised that we would need a different method of exchange, as there are simply hundreds of thousands of Rugged NFTs out there, and we needed a platform with a reward token of a high supply to cope with the demand; this is when we created phase two. Phase 2 rewards holders $RUGZ coins for trading in their rugged NFTs; currently we are only accepting Ethereum chain NFTs but looking at increasing this in the future. This is our attempt to get as many rugged NFTs off the open market and stop scam founders from earning money.

The RugLabz Vault

The Vault is a place where we store all our amazing NFTs which can be traded for $RUGZ coins. Some of the NFTs will be more valuable than others, and these NFTs will be priced accordingly. This is where it pays to hold as many of our NFTs from all projects to accumulate as many $RUGZ as you can. The NFTs in the vault are mostly from our sponsors and partnerships; we will continue to make new collaborations and continue to restock the vault by sweeping their floors. The vault can be viewed here at this Eth address. Rugdollz.eth