Aloha is a decentralized application (dApp) that seeks to decentralize internet access by monetizing unused mobile data through peer-to-peer sharing. Aloha DeFi allows users to earn rewards in ALOHA loyalty tokens, which can be spent in the marketplace or staked to earn rare non-fungible tokens (NFTs) collectibles.
The platform packs outstanding features such as pools, exclusivity, partnership, and governance. Aloha NFTs offer holders with governance power as well as access to other exclusive rewards. They have different rarities based on the staked number of Aloha tokens. Better yet, Aloha NFTs can be traded on other NFT platforms, notably OpenSea.
To attain an Aloha NFT, users are required to stake their Aloha via the NFT staking platform for some time and claim the NFT once the staking time period has been completed. The rarity of the NFT depends on the amount of Aloha staked.
After the agreed staking period elapses, users will be able to claim their NFT to their wallets. If you un-stake ALOHA tokens before the time period elapses, you will not be eligible for the NFT. Nonetheless, you will still have 100% of the Aloha returned to your wallet.
Once an NFT has been claimed, the user can un-stake the Aloha and re-stake to earn another NFT. If the NFT is in the same category/pool, users earn the same rarity of the NFT, using a different design.
Currently, there are three NFT pools:
Aloha NFT staking platform went live following the close of the public token sale that started on 21st February 2021 and ended on 28th February 2021 with a listing of ALOHA tokens on Uniswap. The staking platform has already seen investors stake over 8.5 million coins for NFTs within 24 hours.
The public token sale successfully raised sufficient money to fund the project by developing its operations and expanding it to a larger user base. The minimum investment value was 0.1 ETH, which gave users 2000 Aloha. Aloha placed a hard cap of 999 ETH and a soft cap of 333 ETH.
To earn NFTs, users need to participate in the NFT staking contest by holding ALOHA for a definite time, after which you can claim NFTs to their wallet.
Users can stake between 30,000 and 200 000 Aloha for a specified period (between 10 to 21 days) to earn rare NFTs in exchange. The NFT received will have different rarities depending on the amount of ALOHA staked.
The amount of time determines the rarity of the NFT obtained.
Aloha also seeks to partner with other projects to enable users to stake ALOHA and earn exclusive tokens associated with other projects.
After a long wait, the
Aloha NFT staking platform is live. In addition to incentivizing NFT holders, the staking platform promotes healthy, robust interaction between the various stakeholders and the Aloha ecosystem. Users are urged to sign in to earn rare non-fungible tokens (NFTs) collectibles.