# Overview

Generating secure DeFi opportunities for crypto through a diverse ecosystem of gamified utilities built on the Avalanche blockchain.

At ThorFi, we believe the future of the blockchain centers on bringing DeFi to everyone. When resilient communities come together in an open, interoperable world, we can all push the boundaries of what was previously thought possible.

To bring DeFi to all, we must reimagine what it means to be involved. The experience must be accessible, simple, rewarding, and most importantly, fun.

Founded by a core group of developers and engineers, ThorFi emerged as a hybrid protocol built on the AVAX network allowing the community to create, compound, and claim daily rewards from blockchain NFTs, as well as proactively being involved with different coins through our Treasury.

But that was only the beginning of our potential. We quickly realized the importance of operating with flexibility so that we could capitalize on every opportunity within the ever-changing DeFi landscape and support the organic growth of our team and community.

With those hybrid roots firmly in place, we evolved into a dynamic ecosystem of gamified utilities, each one purpose-built to correlate seamlessly in pursuit of a greater purpose: empowering the community through inventive new approaches to how they cultivate their DeFi experience and earn the rewards that matter most.

As we look to the future, we’re innovating with intention and introducing new layers to the community experience to continually expand our DeFi ecosystem, scale across digital and physical marketplaces, and open doors to DeFi for everyone. Join our community and DeFi the odds.

###


# ThorFi Principles

A look at our brand beliefs and organizational pillars.

At ThorFi, we're building a better Web3 future on the blockchain.

**Vision**

We envision an open, decentralized world where resilient communities come together to push the boundaries of what was previously thought possible.

**Mission**

To promote education and advance innovation by creating a dynamic ecosystem of utility-led projects that scale across digital and physical marketplaces. &#x20;

**Community-Driven Decisions**

*Our community is always top-of-mind, and we only make moves that serve their best interests.*

We were founded and built by the community and implemented that shared psychology in our operations. We're putting our community first through proactive communication and a commitment to transparency.

**Intentional Innovation**

*Our utilities correlate seamlessly within a purpose-built ecosystem.*

We’re combining the best of GameFi, DeFi, and TradFi by creating reciprocal utility at scale within our ecosystem that supports the strength of $THOR and grows staked rewards.

**Opening Doors to DeFi**

*We’re bringing DeFi to everyone.*

We’re diversifying the entry points into DeFi through gamified avenues and practical education that make getting started easy, fun, and rewarding regardless of your experience level.


# Tokenomics

#### Token Overview

**Name:** Thor

**Symbol:** THOR

**Blockchain:** Avax C-Chain

**Decimals:** 18

**Token Contract Address:** [0x8F47416CaE600bccF9530E9F3aeaA06bdD1Caa79](https://snowtrace.io/address/0x8F47416CaE600bccF9530E9F3aeaA06bdD1Caa79)

**Total Supply:** 20,456,743

**Token Allocation:** Read more detail [**here**](https://thornodes.medium.com/token-supply-update-711b9fd58b7b)**.**\
**50% — Ecosystem Rewards / Future Utility**\
**20% — Rewards Pool**\
**15% — Strategic Partnerships**\
**10% — Reserve**\
**5% — Team / Developers / Operations**

**Inflationary?** No, Thor has a static supply with no minting process.

**Maintenance Fee:** See [Maintenance Fees](/project-information/thorfi-nfts/maintenance-fees)

**Listings:** [TraderJoe](https://traderjoexyz.com/trade?inputCurrency=FvwEAhmxKfeiG8SnEvq42hc6whRyY3EFYAvebMqDNDGCgxN5Z\&outputCurrency=0x8f47416cae600bccf9530e9f3aeaa06bdd1caa79#/)

###


# ThorFi GameLoop

Edit: GameLoop is currently undergoing re-modeling, as recent changes to the ecosystem have altered certain variables.

Welcome to the ThorFi Node GameLoop, our own gamification cycle. With the introduction of NFTs as nodes, the possibilities are endless! Players have a choice on how to compound, accumulate and utilize each asset in the cycle starting with Thor and Odin Origin nodes. Pay attention to the node buy-in-price and the all-new [Variable Rewards Rate](/project-information/thorfi-nfts/vrr) for the Origin nodes. These numbers can be played to your advantage… or not. Decide which path and NFT asset is most rewarding for you! Do you want to directly burn your Origin nodes and accumulate the rarer keycards or run through the Drift node's 90-day cycle first with increased rewards? The choice is yours!

> Choose how to compound, accumulate and utilize each asset in the ThorFi Gamification Lifecycle!

<figure><img src="/files/sZBSN0Q4YaWc9tH5PL0S" alt=""><figcaption></figcaption></figure>

> Spin the Drift Multiplier to determine your rewards!
>
> The Drift nodes new rewards will be the current VRR and the multiplier!

> Burn ThorFi Keycards to open Capsules, which upgrade Origin Nodes!


# ThorFi NFTs

## GameLoop Nodes

ThorFi's primary product for the community is our GameLoop node model. Currently, purchasing a node involves spending a certain number of $THOR tokens in order to create a node that pays out a daily reward at the [VRR](/project-information/thorfi-nfts/vrr). These nodes will now become NFTs, whereby the community members will be able to buy or sell nodes via our NFT [marketplace](/project-information/capsule-marketplace) in the ThorFi Ecosystem.


# Types of NFTs

{% hint style="info" %}
The Variable Reward Rate, or VRR, is a constantly updating algorithm that will determine how nodes, both Origin and Drift, will accumulate rewards. Read more about it [here](/project-information/thorfi-nfts/vrr).
{% endhint %}

* [Origin Nodes](/project-information/thorfi-nfts/types-of-nfts/origin-nfts)
* [Drift Nodes](/project-information/thorfi-nfts/types-of-nfts/drift-nfts)

<figure><img src="/files/kLFMI05pqLbUUJW4kraF" alt=""><figcaption></figcaption></figure>


# Origin NFTs

All previously existing Thor & Odin nodes are Origin NFTs.

Thor & Odin NFTs remain intact with some notable changes.

An Origin NFT is a Blockchain NFT with each individual Origin NFT providing a Custom, Private, RPC Endpoint. These RPC Endpoints can be utilized to navigate Web3 privately, securely, and more efficiently compared to Public RPC Endpoints provided by EVM Chains to the public.

By owning an Origin NFT, you unlock the full potential of decentralization in a fast-moving Web3 environment, in a rewarding fashion.

Additional Changes to the Origin NFT are;

* Thor & Odin NFTs now produce dynamic [VRR](/project-information/thorfi-nfts/vrr)-determined rewards for the lifetime of the NFT
* Do not decay
* ~~**Dynamic Buy-In Price**~~
  * ~~At launch, the price will be 100 $THOR/20 $THOR~~
    * ~~The buy-in price will change to a dynamic value if the reward rates reach the~~ [~~upper & lower bound limits~~](/project-information/thorfi-nfts/vrr#bound-limits)
    * Origin NFTs are no longer available to be created/minted.

We aim to allow 200 NFTs per wallet.

Both a Thor and an Odin tier NFT are required to create Direct Burn [Keycards](/project-information/thorfi-keycards) & [Capsules](/project-information/thorfi-capsules).

The Thor & Odin NFTs have a number of direct actions able to be taken, found below;

{% content-ref url="/pages/ESGxi9T51SF2pfPdxCUY" %}
[Origin Burn](/project-information/thorfi-nfts/nft-actions/origin-burn)
{% endcontent-ref %}

{% content-ref url="/pages/ougpLhKiPQ5oWnADEsHv" %}
[Transformation](/project-information/thorfi-nfts/nft-actions/transformation)
{% endcontent-ref %}

{% content-ref url="/pages/NHlsR0aoZN40SQayM5yQ" %}
[Hold](/project-information/thorfi-nfts/nft-actions/hold)
{% endcontent-ref %}

After the above direct actions are taken, there are available subsequent actions available;

{% content-ref url="/pages/9eFbvecCZ5RHuNANTMK3" %}
[Fusion](/project-information/thorfi-nfts/nft-actions/fusion)
{% endcontent-ref %}

{% content-ref url="/pages/A8UpluojpNIcpT0Agy8f" %}
[Open A Capsule](/project-information/thorfi-nfts/nft-actions/open-a-capsule)
{% endcontent-ref %}


# Drift NFTs

<figure><img src="/files/8nGk89C6TQEOFgTTmhgP" alt=""><figcaption></figcaption></figure>

Drift NFTs are [Origin](/project-information/thorfi-nfts/types-of-nfts/origin-nfts) NFTs that go through [Transformation](/project-information/thorfi-nfts/nft-actions/transformation).  Drift NFTs have a chance to produce an increased amount of rewards, versus the [Origin ](/project-information/thorfi-nfts/types-of-nfts/origin-nfts)NFTs, when staked for 90 days, and then the NFT expires, transforming into [ThorFi Keycards](/project-information/thorfi-keycards). Drift NFTs still include both a Thor and an Odin tier NFT under the Drift node umbrella. Both are required to go through a [Drift Burn](/project-information/thorfi-nfts/nft-actions/drift-burn) to acquire Drift Burn [Capsules](/project-information/thorfi-capsules).

#### At the time of transformation, a number of changes occur;

* NFT Multiplier is applied via Chainlink VRF
  * Multipliers may be 3x, 4.5x, 6x, 9x, 15x, 30x, 100x
    * The number of NFTs transformed affects the multiplier
      * Increase your odds for a better multiplier by transforming 5 NFTs at once, and even more by transforming 10 nodes at once
        * 1 NFT transformed gives a 6x average
        * 5 NFTs transformed gives a 7x average
        * 10 NFTs transformed gives an 8x average

### NFT Multiplier Chance

<table><thead><tr><th width="162" align="center">NFTs </th><th align="center">1 NFTs</th><th align="center">5 NFTs</th><th align="center">10 NFTs</th></tr></thead><tbody><tr><td align="center">Multiplier</td><td align="center"></td><td align="center"></td><td align="center"></td></tr><tr><td align="center">3x</td><td align="center">15.5%</td><td align="center">3%</td><td align="center">11%</td></tr><tr><td align="center">4.5x</td><td align="center">34%</td><td align="center">46%</td><td align="center">15%</td></tr><tr><td align="center">6x</td><td align="center">36%</td><td align="center">17%</td><td align="center">31.6%</td></tr><tr><td align="center">9x</td><td align="center">9%</td><td align="center">25.9%</td><td align="center">29.9%</td></tr><tr><td align="center">15x</td><td align="center">4.9%</td><td align="center">7%</td><td align="center">11%</td></tr><tr><td align="center">30x</td><td align="center">0.40%</td><td align="center">0.90%</td><td align="center">1%</td></tr><tr><td align="center">100x</td><td align="center">0.20%</td><td align="center">0.20%</td><td align="center">0.5%</td></tr></tbody></table>

* The Drift Reward Rate (DRR) is locked in at the time of minting based on the current [VRR](/project-information/thorfi-nfts/vrr) and your NFT multiplier
* The Drift NFT is minted in a deactivated state
  * The NFT must be staked to collect rewards and begin the 90-day timer
  * Rewards can be claimed once every 30 days
    * Ex: If someone claims on day 40, they will receive rewards for the first 30 days, and the additional 10 days remain on the contract until they are accessible on day 60, and then the remainder again on day 90.
    * If you claim prior to 90 days, your reward structure will be reduced; see below chart.

| Day Count | Daily Rewards                                       |
| --------- | --------------------------------------------------- |
| 30 - 59   | 90% of determined reward rate                       |
| 60 - 89   | 80% of determined reward rate                       |
| 90        | Rewards end - 100% determined reward rate available |

{% hint style="info" %}
If you do claim before the full 90 days, your determined reward rate is reduced by the above amount (10-20%). If you wait until the 90 days end to claim, you will receive the full amount.&#x20;
{% endhint %}

* You can convert Origin NFTs by using the [transform](/project-information/thorfi-nfts/nft-actions/transformation) function in the [Marketplace](/project-information/capsule-marketplace)
* You can purchase Drift NFTs on the secondary market
* Drift NFTs cannot be compounded

The Drift Thor & Odin NFTs have a number of direct actions able to be taken, found below;

{% content-ref url="/pages/i46pmwh4FAZGZSI7MNYN" %}
[Drift Burn](/project-information/thorfi-nfts/nft-actions/drift-burn)
{% endcontent-ref %}

{% content-ref url="/pages/NHlsR0aoZN40SQayM5yQ" %}
[Hold](/project-information/thorfi-nfts/nft-actions/hold)
{% endcontent-ref %}

After the above direct actions are taken, there are available subsequent actions;

{% content-ref url="/pages/9eFbvecCZ5RHuNANTMK3" %}
[Fusion](/project-information/thorfi-nfts/nft-actions/fusion)
{% endcontent-ref %}

{% content-ref url="/pages/A8UpluojpNIcpT0Agy8f" %}
[Open A Capsule](/project-information/thorfi-nfts/nft-actions/open-a-capsule)
{% endcontent-ref %}


# NFT Actions

This page links to descriptions of all of the possible actions available and related to the different [Types of NFTs](/project-information/thorfi-nfts/types-of-nfts).

{% content-ref url="/pages/ESGxi9T51SF2pfPdxCUY" %}
[Origin Burn](/project-information/thorfi-nfts/nft-actions/origin-burn)
{% endcontent-ref %}

{% content-ref url="/pages/i46pmwh4FAZGZSI7MNYN" %}
[Drift Burn](/project-information/thorfi-nfts/nft-actions/drift-burn)
{% endcontent-ref %}

{% content-ref url="/pages/ougpLhKiPQ5oWnADEsHv" %}
[Transformation](/project-information/thorfi-nfts/nft-actions/transformation)
{% endcontent-ref %}

{% content-ref url="/pages/9eFbvecCZ5RHuNANTMK3" %}
[Fusion](/project-information/thorfi-nfts/nft-actions/fusion)
{% endcontent-ref %}

{% content-ref url="/pages/A8UpluojpNIcpT0Agy8f" %}
[Open A Capsule](/project-information/thorfi-nfts/nft-actions/open-a-capsule)
{% endcontent-ref %}

{% content-ref url="/pages/NHlsR0aoZN40SQayM5yQ" %}
[Hold](/project-information/thorfi-nfts/nft-actions/hold)
{% endcontent-ref %}


# Origin Burn

{% hint style="info" %}
An Origin Burn is your fastest way to accumulate [ThorFi Keycards](/project-information/thorfi-keycards), moving you one step closer to [ThorFi Capsules](/project-information/thorfi-capsules).&#x20;
{% endhint %}

An Origin Burn is an action able to be taken in the [Marketplace](/project-information/capsule-marketplace). This action takes your NFT and turns it directly into either an Odin Keycard NFT or a Thor Keycard NFT, dependent on the NFT type you burn.

Origin Burn keycards may then be paired up, (one Origin Burn Odin keycard, and one Origin Burn Thor keycard) go through [Fusion](/project-information/thorfi-nfts/nft-actions/fusion), and become Origin Burn [Capsules](/project-information/thorfi-capsules), which have the best perk pool available.

{% content-ref url="/pages/9eFbvecCZ5RHuNANTMK3" %}
[Fusion](/project-information/thorfi-nfts/nft-actions/fusion)
{% endcontent-ref %}

{% content-ref url="/pages/8g26Egyp8266Z4USG7de" %}
[ThorFi Keycards](/project-information/thorfi-keycards)
{% endcontent-ref %}


# Transformation

Transformation is an action taken in order to convert an [Origin N](/project-information/thorfi-nfts/types-of-nfts/origin-nfts)[FT](/project-information/thorfi-nfts/types-of-nfts/origin-nfts), into a [Drift NFT.](/project-information/thorfi-nfts/types-of-nfts/drift-nfts)

The Drift Reward rate is locked in based on the current Origin NFT’s [VRR](/project-information/thorfi-nfts/vrr) and an NFT multiplier is applied via Chainlink VRF. Rewards are then collected by staking the NFT.

{% hint style="info" %}
Transforming into a [Drift N](/project-information/thorfi-nfts/types-of-nfts/drift-nfts)[FT](/project-information/thorfi-nfts/types-of-nfts/drift-nfts) allows the chance to receive an increased amount of rewards for 90 days, followed by the NFT becoming a [ThorFi Keycard](/project-information/thorfi-keycards), which may be paired up (1 Odin/1 Thor) to be [Fused](/project-information/thorfi-nfts/nft-actions/fusion) into a Drift [Capsule](/project-information/thorfi-capsules).
{% endhint %}

#### At the time of transformation, a number of changes occur;

* NFT Multiplier is applied via Chainlink VRF
  * Multipliers may be 3x, 4.5x, 6x, 9x, 15x, 30x, 100x
    * The number of NFTs transformed affects the multiplier
      * Increase your odds for a better multiplier by transforming 5 NFTs at once, and even more by transforming 10 NFTs at once
* The Drift Reward rate is locked in based on the current [VRR](/project-information/thorfi-nfts/vrr) and your NFT multiplier
* The Drift NFT is minted in a deactivated state
  * The NFT must be staked to collect rewards and begin the 90 day timer
  * Rewards can be claimed once every 30 days
    * Ex: If someone claims on day 40, they will receive rewards for the first 30 days, and the additional 10 days remain on the contract until they are accessible on day 60, and then the remainder again on day 90.

<figure><img src="/files/SHSAKThZ4ZnNTvlOMsKS" alt=""><figcaption></figcaption></figure>

{% content-ref url="/pages/rzGepTc4IUZzHKeLqyF8" %}
[Drift NFTs](/project-information/thorfi-nfts/types-of-nfts/drift-nfts)
{% endcontent-ref %}

{% content-ref url="/pages/i46pmwh4FAZGZSI7MNYN" %}
[Drift Burn](/project-information/thorfi-nfts/nft-actions/drift-burn)
{% endcontent-ref %}

{% content-ref url="/pages/9eFbvecCZ5RHuNANTMK3" %}
[Fusion](/project-information/thorfi-nfts/nft-actions/fusion)
{% endcontent-ref %}


# Drift Burn

{% hint style="info" %}
Once you have a [Drift N](/project-information/thorfi-nfts/types-of-nfts/drift-nfts)[FT](/project-information/thorfi-nfts/types-of-nfts/drift-nfts),  a Drift burn is how you accumulate [ThorFi Keycards](/project-information/thorfi-keycards), moving you one step closer to [ThorFi Capsules](/project-information/thorfi-capsules).&#x20;
{% endhint %}

A Drift burn results in your NFT becoming either a Drift burn Odin, or Thor [Keycard](/project-information/thorfi-keycards) NFT, dependent on the NFT type you burn.&#x20;

A Drift burn occurs in one of two ways;

1. Choosing to burn the Drift NFT before the end of its 90-day lifecycle
2. Linear Decay - occurring after 90 days

{% content-ref url="/pages/8g26Egyp8266Z4USG7de" %}
[ThorFi Keycards](/project-information/thorfi-keycards)
{% endcontent-ref %}

{% content-ref url="/pages/9eFbvecCZ5RHuNANTMK3" %}
[Fusion](/project-information/thorfi-nfts/nft-actions/fusion)
{% endcontent-ref %}

{% content-ref url="/pages/A8UpluojpNIcpT0Agy8f" %}
[Open A Capsule](/project-information/thorfi-nfts/nft-actions/open-a-capsule)
{% endcontent-ref %}


# Fusion

Fusion is an action taken on the [Marketplace](/project-information/capsule-marketplace) combining one Thor [Keycard](/project-information/thorfi-keycards) & one Odin [Keycard](/project-information/thorfi-keycards), becoming a [Capsule](/project-information/thorfi-capsules) NFT.

{% hint style="info" %}
Keycards must be of the same variation in order to fuse - this means both must be from an [Origin Burn](/project-information/thorfi-nfts/nft-actions/origin-burn) or both from a [Drift Burn](/project-information/thorfi-nfts/nft-actions/drift-burn). An Origin burned keycard cannot be fused with a Drift burned keycard.
{% endhint %}

{% content-ref url="/pages/T0qFBemgJGIaokA6k6c6" %}
[ThorFi Capsules](/project-information/thorfi-capsules)
{% endcontent-ref %}

{% content-ref url="/pages/A8UpluojpNIcpT0Agy8f" %}
[Open A Capsule](/project-information/thorfi-nfts/nft-actions/open-a-capsule)
{% endcontent-ref %}


# Open A Capsule

Opening a Capsule reveals the Capsule perks. At the time of opening a Capsule, its contents are determined based on Capsule type and chance is applied by Chainlink VRF.&#x20;

## Capsule Perks

### Origin Burn Capsule

| Reward                       | Chance |
| ---------------------------- | ------ |
| 1.25x Permanent Reward Boost | 10%    |
| 1.5x Temporary Reward Boost  | 80%    |
| $THOR token voucher          | 10%    |

{% hint style="info" %}
There are 2 perk slots per Origin NFT. These can be any combination of temporary or permanent reward boosts.

Thor Token Voucher quantity is subject to change based on the token price.
{% endhint %}

### Drift Burn Capsule

<table><thead><tr><th width="357">Reward</th><th>Chance</th></tr></thead><tbody><tr><td>1.25x Permanent Reward Boost</td><td>5%</td></tr><tr><td>1.35x Temporary Reward Boost</td><td>85%</td></tr><tr><td>$THOR token voucher</td><td>10%</td></tr></tbody></table>

#### Future Capsule Perks may include;

* NFT Perks
  * Adding additional slots for NFT perks
* Merch NFT Tokens
* Art Collection NFTs


# Hold

Holding an [Origin N](/project-information/thorfi-nfts/types-of-nfts/origin-nfts)[FT](/project-information/thorfi-nfts/types-of-nfts/origin-nfts) will result in continued payout based on the current [VRR](/project-information/thorfi-nfts/vrr).

Holding a [Drift N](/project-information/thorfi-nfts/types-of-nfts/drift-nfts)[FT](/project-information/thorfi-nfts/types-of-nfts/drift-nfts) will result in continued payout based on the locked-in [VRR](/project-information/thorfi-nfts/vrr), Multiplier, and payout schedule. After 90 days it will cease to pay out.

In order to collect [Keycards](/project-information/thorfi-keycards), and ultimately [Capsules](/project-information/thorfi-capsules), an Origin Burn or Drift Burn will have to occur.

{% content-ref url="/pages/ESGxi9T51SF2pfPdxCUY" %}
[Origin Burn](/project-information/thorfi-nfts/nft-actions/origin-burn)
{% endcontent-ref %}

{% content-ref url="/pages/i46pmwh4FAZGZSI7MNYN" %}
[Drift Burn](/project-information/thorfi-nfts/nft-actions/drift-burn)
{% endcontent-ref %}


# VRR

Variable Reward Rate

The VRR is a constantly updating algorithm that will determine how NFTs, both Origin and Drift, will accumulate rewards. This algorithm considers a multitude of factors pulled from various key performance indicators (KPIs). Sources include TraderJoe, NFT Contracts, Rewards Pool, and the Marketplace.&#x20;

To ensure good health in the protocol, a dynamic algorithm has been designed to calculate the daily reward of the NFTs. This algorithm obtains the most relevant KPIs that have a positive or negative impact on the protocol. In essence, it monitors the last 24 hours of the general behavior of the protocol, obtaining existing information on the blockchain or on the internet in order to adjust the rewards. Some examples of KPIs that generate a negative impact on the protocol include the increase in total emissions and the reduction of the rewards pool. Meanwhile, other parameters that are positive in the protocol such as the number of transformed NFTs, or the income generated in the marketplace that is able to be returned to the rewards pool. Depending on the snapshot of the last 24 hours, the algorithm increases or decreases the rewards dynamically, updating the reward of the NFTs in the smart contracts.

<figure><img src="/files/MQkpWZUpNznoHwlyj7ae" alt=""><figcaption></figcaption></figure>

The VRR Algorithm Will be managed by the following variables:

* **Upper Limit**
  * What is the upper limit of rewards per day per NFT, to ensure a long run rate.
* **Lower Limit**
  * What is the lower limit of rewards per day per NFT, to ensure a minimum payout.
* **Current Total Origin & Drift NFTs.**
  * **(number of active NFTs Origin & Drift ) Odin + Thor**
* **Current Daily emissions (total rewards claimed from rewards pool in latest 24h)**
  * Total rewards left the rewards pool in the last 24h
* **Current Total Origin boosters active**
  * How many active Boosters are associated with existing Origin NFTs
* **Current Total Origin NFTs created using tokens**
  * How many NFTs were created in the last 24h using Tokens (returned to the rewards pool)
* **Current Total rewards returned to rewards pool in last 24h**
  * How many Tokens are returning to the rewards pool from (marketplace fees, buybacks, etc) in the last 24h
* **Drift NFTs avg multiplier**
  * Drift avg multiplier (24h)
* **Minimum days enforced to distribute rewards**
  * How many days of rewards are guaranteed with the current conditions and with the same rate before changing. This guarantees a more stable rate of rewards over time.

Not all of these factors will be used at launch, and variables will be continuously introduced in order to further refine our algorithm.

All of these factors are blended into a proprietary algorithm that will be summed and displayed as the VRR in the dApp. This means that NFTs will no longer deliver static reward amounts, but a fluid amount that will adjust according to the health of the protocol.&#x20;

#### VRR began at the below, but based on the above description is subject to constant fluctuation; <a href="#bound-limits" id="bound-limits"></a>

* &#x20;0.008 Thor per Day for an Origin Odin Node
* 0.0016 Thor per Day for an Origin Thor Node

{% content-ref url="/pages/K5BiyMwK8JghHQFwtJnV" %}
[Types of NFTs](/project-information/thorfi-nfts/types-of-nfts)
{% endcontent-ref %}

{% content-ref url="/pages/VseSWv94kPO43Kmi8iyt" %}
[NFT Actions](/project-information/thorfi-nfts/nft-actions)
{% endcontent-ref %}


# Maintenance Fees

### Origin NFTs

* ($THOR Price) \* (30 days of rewards) \* 5%

### Drift NFTs

* No monthly fees
* A one-time activation fee (per NFT) for secondary market purchasers
  * $10 worth of AVAX


# Claim Tax

### 0% claim tax for all NFTs!

> VRR (Variable Reward Rate) was designed in order to remove Claim Taxes. We believe users should get a 1:1 claim on their rewards


# Bifrost Contract Updates

### A full breakdown of our Bifrost contract updates can be found below

* dApp v1.0
  * <https://thornodes.medium.com/thor-financial-dapp-v1-0-afd0f14bd077>
* dApp v1.2
  * <https://thornodes.medium.com/thorfi-releases-dapp-version-1-2-90627861d8ee>

Highlights include;

* New Dapp
  * Dashboard
  * My NFTs section
  * Investments
  * Vesper Pools Staking
  * Automated OTC
  * Betswirl Betting Suite
  * FAQ
* Compounding Improvements
* NFT Creation Improvements
* Compounding to External Wallets

And more!

**A new version of Bifrost (2.3) will be launched with the Marketplace launch to support:**

* Origin NFT compounding rules
* Creation of Origin NFTs
* Claim/Combine functions
* Paying Fees


# ThorFi Keycards

### Obtain keycards through gamification!

* Burn Origin NFTs to mint keycards
* Burn Drift NFTs to mint keycards prior to decaying
* Decay Drift NFTs to mint keycards after 90-day NFT lifecycle

ThorFi Keycards are paired, one Odin and one Thor, of matching types, Origin or Drift, and Fuse together to create a Capsule.

{% hint style="info" %}
Keycards come in two varieties - from an [Origin Burn](/project-information/thorfi-nfts/nft-actions/origin-burn), or from a [Drift Burn](/project-information/thorfi-nfts/nft-actions/drift-burn). Each paired type produces a different type of Capsule with a different reward pool, referenced in the [Capsules](/project-information/thorfi-capsules) section.&#x20;
{% endhint %}

ThorFi keycards may be held at the ready for any future utility, in order to ensure that any rewards or additional utility that are available on a first-come, first-served basis can be collected by the community.

### Ecosystem Keycard Utility

#### Current Utility: [ThorFi Capsules](/project-information/thorfi-capsules)

#### Future Utility: ThorFi Ecosystem perks

{% content-ref url="/pages/T0qFBemgJGIaokA6k6c6" %}
[ThorFi Capsules](/project-information/thorfi-capsules)
{% endcontent-ref %}


# ThorFi Capsules

Capsules are the final result of the [GameLoop](/project-information/thorfi-gameloop) process for ThorFi. Capsules come from the [Fusion](/project-information/thorfi-nfts/nft-actions/fusion) of matching ([Origin Burn](/project-information/thorfi-nfts/nft-actions/origin-burn)/[Drift Burn](/project-information/thorfi-nfts/nft-actions/drift-burn)) Thor & Odin [Keycards](/project-information/thorfi-keycards). A capsule is immediately available in its closed form, at which point it may be listed on the Marketplace. You may then choose to [open](/project-information/thorfi-nfts/nft-actions/open-a-capsule) a capsule, at which point its contents are determined based on capsule type, and chance is applied by Chainlink VRF. You can also list the contents of the opened Capsule NFT on the marketplace.

* Capsule Type
  * Origin Burn Capsule
  * Drift Burn Capsule

{% hint style="info" %}
Much like ThorFi Keycards, Capsules may be held at the ready for any future utility, in order to ensure that any rewards or additional utility that are available on a first-come, first-served basis can be collected by the community.
{% endhint %}

## Capsule Perks

Capsule perks can be applied to Origin NFTs, but not Drift NFTs. Once the perks are applied, they cannot be removed. If it is a temporary boost, it will expire, but permanent boosts become locked into the NFT.

### Origin Burn Capsule

| Reward                     | Chance |
| -------------------------- | ------ |
| 25% Permanent Reward Boost | 10%    |
| 50% Temporary Reward Boost | 80%    |
| $THOR token voucher        | 10%    |

{% hint style="info" %}
There are 2 perk slots per NFT. These can house any combination of temporary or permanent reward boosts.
{% endhint %}

### Drift Burn Capsule

<table><thead><tr><th width="374">Reward</th><th>Chance</th></tr></thead><tbody><tr><td>25% Permanent Reward Boost</td><td>5%</td></tr><tr><td>35% Temporary Reward Boost</td><td>85%</td></tr><tr><td>$THOR token voucher</td><td>10%</td></tr></tbody></table>

#### Future Capsule Perks may include;

* NFT Perks
  * Adding additional slots for NFT perks
* Merch NFT Tokens
* Art Collection NFTs


# Capsule Marketplace

### Capsule aims to be the premiere NFT Marketplace on the AVAX blockchain.

This platform makes it simple to store and sell NFTs. NFTs on the platform are generally available for purchase or auction at a set price.

Here are a few of the areas that Capsule plans to target;

**Digital Art**

Several NFTs are utilizing various forms of digital art to build profit. There’s something for everyone, from digital replicas of authentic images to memes.&#x20;

The Capsule Marketplace will be curating art collections that fit our high-quality aesthetic and the project level that we aim to work with.

**Video games**

NFTs can represent numerous in-game products, content, or characters, and are typically sold and purchased in-game or through external internet platforms like Steam, which provide secure transactions. This necessitates a close relationship with the game. The Capsule Marketplace aims to fill this gap in the P2E space as well.

**Security**

Required tokens can be used as keys (or keycards) for a variety of information, programs, databases, operating systems, and events.&#x20;

**Projects for Investment**

Capsule Marketplace aims to be the hub of utility-based projects that offer investment opportunities to Capsule's community. Capsule will host projects who fit our stringent review process, aiming to host only the best projects available.

* Home for NFT Transformation & GameLoop
* Secondary Market for NFTs
* Exclusive Artist Collections
* Exclusive Partner NFT Collections
* Curated NFT Collections

###

Official Link: \[Coming Soon]


# Staking

**Live Pools**

* AVAX
* DAI
* QI
* USDC
* USDC.e
* wBTC.e
* wETH.e

**How It Works**

These pools require the $THOR token to be locked up to gain access. Then the community will be able to stake the respective token held on the AVAX network, with rewards returned in the chosen staked token, the Vesper token ($VSP), and for some, even the $THOR token. On launch day, we will boost the rewards for all 7 seven pools by a variable percentage via the $THOR token based on TVL. With this setup, we will drastically reduce the emissions versus Single-Sided Staking.

While the amount of $THOR required is low per person, this allows a more extensive audience both in and out of the community to buy $THOR and lock it up to access these pools.

**Getting In**

You will need to stake 50 $THOR tokens to access these pools to participate.

* Until all deposits and rewards are withdrawn, $THOR will remain staked in the pool.
* There will be a 2-hour warm-up period with a 0% withdrawal fee if users change their minds about depositing in the pools.

{% hint style="info" %}
**Note: The price was initially 10 $THOR required to access the pools, but is subject to change based on TVL. This has been updated to 50 $THOR currently.**
{% endhint %}

**Getting Out**

Should you choose to withdraw from the pools at any time, we created a fee structure with the intent to even the playing field.

* Investments of $0 — $10,000 will have a .5% withdrawal fee for each pool.
* Investments of $10,000+ will have a 1% withdrawal fee for each pool.
* This Fee Structure allows the “Small Fish” to get ahead with lower fees while allowing the “Whale” to auto-compound via their more significant stake, recouping the fee either way.

Please also note that Vesper has a “Universal Fee” charging 2% annually on the assets deposited at rebalancing time. If this fee is greater than 50% of the interest earned, then the fee will only equate to 50% of the interest earned.

Due to the additional $THOR token incentive related to the pools and our minimal fee structure, users will be motivated to stake through ThorFi rather than just going through Vesper directly.

The diagram below illustrates how this will flow:

<figure><img src="/files/9d3gJW70q8L8tYYmb85O" alt=""><figcaption></figcaption></figure>

## Official Link: <https://app.thorfi.io/stake>


# OTC Dapp

Based on feedback from the community, the ThorFi team has launched an automated OTC service within the dApp that streamlines token exchange within ThorFi’s ecosystem. It also helps buy price action resulting from more efficient liquidity.

**What is OTC?**

OTC, or Over-the-Counter, is the process of trading crypto via a broker-dealer, as opposed to a centralized or even decentralized exchange.

**Why We Changed Our Approach**

Previously, the ThorFi OTC service was a manual process. For example, one member seeking to buy or sell would reach out to the ThorFi team, and we would attempt to pair them up with a candidate matching their specified requirements for the opposite side of the deal. This process took time and energy, often resulting in users selling to the market regardless.

We were aware that it was cumbersome, and mainly thanks to some additional feedback we received from the community, we came up with a solution to automate our OTC service.

**How It Works**

Within the ThorFi dApp, you will now notice an “OTC” option in the sidebar. This automated OTC service lists, tracks, and maintains a current book of people trying to sell the $THOR token.

Structurally similar to an NFT marketplace, you can “list” the tokens you would like to sell, and someone from the community can voluntarily fulfill the other side of the sale. The “sell” tab allows you to list any amount of $THOR tokens above **$100** USD valu&#x65;**.** This then populates the “buy” tab with options for our community to purchase from. Additionally, you can buy up partial quantities of the listed OTC offering in case you need to top up before your next Odin NFT.

<figure><img src="/files/IGkRzrFwlyvXTn8gylE9" alt=""><figcaption></figcaption></figure>

**How It Benefits You**

Our automated OTC is straightforward to navigate and will help people looking to sell a large amount of $THOR tokens without negatively affecting the price. It will also allow people to pick up more tokens when needed, whether for compounding, making new NFTs, playing our betting suite, or participating in our staking pools. The service will be cheaper than Traderjoexyz.com because we charge no fees. (The only fee you will have to pay is gas, like any normal transaction.)


# OTCaaS

OTC as a Service

**OTCaaS (Over-the-Counter as a Service),**\
**is our offering to white-label an OTC platform for outside protocols, so they may utilize the process of trading crypto via an automated peer-to-peer contract, as opposed to using a traditional CEX or DEX.**

**If you are interested in OTCaaS for your protocol, please reach out to Pi, our Business Developer through a Discord Partnership Ticket, found on our Discord server** [**here**](https://discord.com/invite/ThorFi)**.**


# Treasury Reserves

Our experienced Treasury Manager continuously seeks out and fields opportunities for our Treasury Reserves. The Treasury Manager actively monitors positions and executes trades based on market conditions, in order to maximize treasury growth and return. These returns assist with long-term positive price action.<br>

Please reference our latest Treasury update via our official [Medium](https://thornodes.medium.com/thor-financial-treasury-update-986fe843151d).

\
Investments are always subject to change and will be continuously updated through our dApp.

### Current Holdings

* QNT
* SDL
* DAG
* USDC
* UOS
* COTI
* TAO
* LINK
* LCX
* YDF


# Future

* ThorFi Subnet
* \[Redacted]


# Roadmap

Innovating with Intention

2023 Roadmap Coming Soon!


# Partnerships

## Chainlink

More detail on our Chainlink integration can be found [here](https://thornodes.medium.com/thor-financial-integrates-chainlink-price-feeds-to-help-calculate-node-maintenance-fees-225164ac82c1). Chainlink provides all of our Verifiable Random Function (VRF) needs through blockchain advancements to ensure an actual random outcome. They also provide price feeds throughout our site and dApp functionality.

## Vesper

More detail can be found [here](https://thornodes.medium.com/vesper-pools-launch-4a80045f08c4?source=user_profile---------3----------------------------). Vesper provides our staking platform, which is able to be found on our dApp.

## Betswirl

More detail can be found [here](https://thornodes.medium.com/thorfi-partners-with-betswirl-5de675a15341). Betswirl provides our betting suite, which is able to be found on our dApp.

## Union of Transparency

The Union of Transparency offers accreditation services and focuses on self-regulation. The UoT will provide services similar to a KYC agency for the DeFi niche, allowing protocols willing to be thoroughly vetted to earn a metaphorical “ethical badge of honor”. The UoT will also provide a framework for future regulators to emulate. By participating in a voluntary oversight committee, we show an example that will provide results, protecting investors, and becoming approachable by lawmakers.

<mark style="background-color:blue;">**Truth + Proof = Trust**</mark>


# Disclaimer

TERMS AND CONDITIONS

ThorFi and its owners,  employees, agents, representatives, and service providers (collectively “ThorFi”) provide this website (the “Site”) for informational purposes only.  Use of and access to the Site and the information, materials, services, and other content available on or through the Site (“Content”) are subject to these terms of use and all applicable laws.

<br>

NO FINANCIAL OR INVESTMENT ADVICE

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by ThorFi or any third-party service provider to buy or sell any products in any jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

&#x20;

All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed. ThorFi is not a fiduciary by virtue of any person’s use of or access to the Site or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the Site before making any decisions based on such information or other Content. In exchange for using the Site, you agree not to hold ThorFi, its affiliates, or any third-party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Site.

”Investments” used anywhere on the Site refers to distributions of ThorFi capital to projects with no guarantee of any return on that investment to ThorFi. Any person interacting with ThorFi through the protocol is not an investor and is doing so at their own risk. You should not purchase any product of ThorFi unless you are prepared to sustain a loss of some or all tokens spent.

<br>

CRYPTOCURRENCY RISKS

While ThorFi is doing everything it can to be successful, there are well-known and understood risks associated with engaging with protocols in the cryptocurrency space (i.e., extreme volatility, hacking, macroeconomic trends, etc.) that can involve the risk of total loss without warning.  Loss of spent funds is possible, if not likely. ThorFi’s past performance is not a guarantee or predictor of future performance.

&#x20;

SITE AND CONTENT NOT WARRANTED

THE SITE AND CONTENT, ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND.  YOU BEAR ALL RISKS ASSOCIATED WITH THE USE OF THE SITE AND CONTENT, INCLUDING WITHOUT LIMITATION, ANY RELIANCE ON THE ACCURACY, COMPLETENESS, OR USEFULNESS OF ANY CONTENT AVAILABLE ON THE SITE.  THOR FINANCIAL AND ITS EMPLOYEES, OWNERS, PARTNERS, AGENTS, REPRESENTATIVES, SUPPLIERS, AND SERVICE PROVIDERS, DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ALL WARRANTIES OF TITLE, NON-INFRINGEMENT, ACCURACY, COMPLETENESS, USEFULNESS, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR USE, AND WARRANTIES THAT MAY ARISE FROM COURSE OF USAGE.

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LIMITATION OF LIABILITY

YOUR EXCLUSIVE REMEDY FOR DISSATISFACTION WITH THE SITE AND CONTENT IS TO STOP USING THE SITE AND CONTENT.  THOR FINANCIAL IS NOT LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR PUNITIVE DAMAGES, UNDER ANY THEORY OF LIABILITY, INCLUDING WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, USE, DATA, OR LOSS OF OTHER INTANGIBLES.  IN PARTICULAR, AND WITHOUT LIMITATION, THOR FINANCIAL WILL NOT BE LIABLE FOR DAMAGES OF ANY KIND RESULTING FROM YOUR USE OF OR INABILITY TO USE THE SITE OR CONTENT.

&#x20;

While we try to maintain the integrity and security of the Site and the servers from which the Site is operated, we do not guarantee that the Site or Content is or remains secure, complete, or correct, or that access to the Site or Content will be uninterrupted or error-free.  The Site and Content may include inaccuracies, errors, and materials that violate or conflict with these Terms.  Additionally, third parties may make unauthorized alterations to the Site or Content.  If you become aware of any unauthorized third-party alteration to the Site or Content, contact us at <info@thorfi.io> with a description of the material(s) at issue and the URL.

&#x20;

NOTICES, COMMUNICATIONS, AND ELECTRONIC SIGNATURES

You agree to be bound by any affirmation, assent, or agreement that you transmit on or through the Site or any other aspect of ThorFi’s services that you access by computer or another electronic device, including internet, telephonic and wireless devices, including but not limited to any consent you give to receive communications from us solely through electronic transmission. You agree that, when in the future you click on a “Submit” or “I agree” or other similarly worded “button” or entry field with your mouse, keystroke, or another device, your agreement or consent will be legally binding and enforceable and the legal equivalent of your handwritten signature.

&#x20;

LIMITED RIGHT OF USE/OWNERSHIP OF CONTENT

You are permitted to use the Site and Content for your personal, non-commercial use only.  The Site and Content are and shall remain the property of ThorFi and are protected by copyright, trademark, and/or other intellectual property, proprietary, work product rights, and laws.  You may use the Site and Content for your personal, noncommercial use, provided that you keep intact all copyright, trademark, patent, and other proprietary notices.  Except as expressly authorized in advance by ThorFi in writing, you agree not to reproduce, modify or create derivative works based on, rent, lease, loan, sell, distribute, publish, publicly perform or display, reverse engineer, decompile or dissemble, all or any part of the Site or Content.

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Trade names, trademarks, and service marks of ThorFi include, without limitation, ThorFi and any associated logos.  All trademarks and service marks on the Site not owned by ThorFi are the property of their respective owners.  Nothing contained on the Site should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any of ThorFi’s trade names, trademarks, or service marks without our express prior written consent.

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TERMINATION

ThorFi, in its sole discretion, may terminate your access to or use of the Site and Content, at any time and for any reason.  Your access to or use of the Site and Content may be terminated without notice.  ThorFi shall not be liable to you or any third party for any termination of your access to the Site or Content, or to any such information or files, and shall not be required to make such information or files available to you after any such termination.

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RULES OF CONDUCT

Your use of the Site and Content is conditioned on your compliance with the rules of conduct set forth here.  You will not:

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•    Use the Site or Content for any fraudulent or unlawful purpose.

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•    Interfere with or disrupt the operation of the Site or Content or the servers or networks used to make the Site and Content available; or violate any requirements, procedures, policies or regulations of such networks.

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•    Restrict or inhibit any other person from using the Site or Content (including without limitation by hacking or defacing any portion of the Site or Content).

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•    Use the Site or Content to advertise or offer to sell or buy any goods or services without ThorFi’s express prior written consent.

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•    Use any robot, spider, site search/retrieval application, or other manual or automatic device to retrieve, index, “scrape,” “data mine” or in any way gather Content or reproduce or circumvent the navigational structure or presentation of the Site without Company’s express prior written consent.

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By accessing and using the Site and Content, you agree to indemnify, defend and hold harmless ThorFi (specifically including its owners, partners, employees, agents, information providers, licensors, and licensees) (collectively, the “Indemnified Parties”) from and against any and all claims, losses, costs, and expenses (including attorneys’ fees) arising out of or relating to (a) any breach (or claim, that if true, would be a breach) by you of these Terms and (b) your use of or activities in connection with the Site. We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you. You shall not enter into any settlement agreement which affects the rights of any of the Indemnified Parties or requires the taking of any action by any of them, without our prior written approval.

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JURISDICTIONAL CONTEXT

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The Site is controlled and operated by ThorFi, and is not intended to subject ThorFi to the laws or jurisdiction of any country or territory.  ThorFi does not represent or warrant that the Site or any part thereof is appropriate or available for use in any particular jurisdiction.  In choosing to access the Site, you do so on your own initiative and at your own risk, and you are responsible for complying with all local laws, rules, and regulations.  We may limit the Site’s availability to any person, geographic area, or jurisdiction.

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MODIFICATIONS

ThorFi may amend the terms of use at any time at its discretion, by posting revisions on the Site.

<br>


# Glossary of Terms

### DeFi

Decentralized Finance, otherwise known as DeFi, aims to fundamentally replace modern-day banking with a superior model. This is largely made possible by utilizing the inherent strengths of public blockchains. As opposed to traditional banking, crypto is accessible globally, operates quickly and efficiently, and occurs directly between two parties without requiring centralized systems. Some of the current offerings include earning interest, borrowing, lending, and trading assets.

The initial groundwork for decentralized finance was laid back in 2009 with the creation of Bitcoin. Bitcoin aimed to remove the bureaucracy and time-gap between people and their money, often associated with banks, and replace them with a completely trustless system. Since 2009, DeFi has grown from concept, to niche market, to a widespread phenomenon. It has quickly become one of the fastest growing categories within crypto. Even as blockchains themselves became more popular worldwide, DeFi represented the creation of an entirely new market that is accessible to anyone, and with financial opportunities previously reserved for the upper echelon of society and wealth.

Thor Financial’s approach to DeFi is one of our differentiating characteristics; capable of assisting our long-term sustainability goals. We offer this approach as one of our multiple service offerings.

### **DaaS**

DeFi-as-a-Service, or DaaS, is a growing market segment within the DeFi sphere where an organization manages a treasury fund and subsequent investments on behalf of its community. While different protocols approach this differently, a majority of them issue returns from these investments in the form of regular rewards, usually in the respective native token. The inherent lack of a middleman, as defined previously in DeFi, makes this feasible by reducing expenses typically associated with Traditional Finance (TradFi). The removal of the middleman ensures much lower fees, and much higher returns on an investment. With the explosion of various offerings in the DeFi market, not every protocol is accessible to the average investor, whether this be due to sheer pricing mechanisms, complexity, or even just lack of awareness.

Because of these factors, Thor Financial proudly partakes in DaaS on behalf of its community. We utilize our DeFi Strategist’s expertise, our industry-leading community, and our community-funded treasury to accomplish these tasks.

### **Nodes**

Nodes are an absolutely critical component in a blockchain’s infrastructure. Nodes act as the blockchain’s servers, containing complete copies of the blockchain’s transactions, and constantly exchanging data amongst all of the other nodes to ensure the transactions match up. Nodes of this variety are usually hosted on physical devices requiring upkeep, such as laptops, PC’s, or even servers.

In short, here is what nodes do:&#x20;

* Check if a block of transactions is valid, and accept or reject accordingly.
* Store blockchain transaction history.
* Update other nodes that require synchronization.

### **NaaS**

Owning and maintaining critical infrastructure hardware isn’t for everyone. To bridge that gap for people that lack the technical experience, time, and/or physical space to host physical nodes, Thor Financial offers Nodes-as-a-Service (NaaS). NaaS is a service whereby a community member can rely on Thor Financial to handle the technical side of creating and managing blockchain nodes for the community member. With every Thor DaaS/NaaS node created, corresponding custom Avalanche and Fantom remote procedure call (RPC) endpoint nodes are created. As a result, we are able to offer our community members custom RPC endpoints to facilitate faster, and cheaper transactions on the AVAX and FTM chains.Thor Financial also  proudly hosts an AVAX validator node, as well as two FTM validator nodes. The validator nodes provide an additional revenue source for the protocol’s treasury.

### NFT

NFTs or Non-Fungible Tokens are a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership. In the simplest terms, NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain.

### P2E

**P2E** or **“Play**-**To**-**Earn”** is a form of video game business model. Other, more well-known, models include free-to-play games or pay-to-play games. Play-to-earn is another iteration of this model. With a P2E, players play the game in hopes of earning cryptocurrency. NFT Gaming has become an explosive trend with the “**Play** **to** **earn**” model.

### GameLoop Terms

[**Capsule**](/project-information/thorfi-capsules) - Capsules are the final result of the GameLoop process for ThorFi. Capsules come from the Fusion of matching (Origin Burn/Drift Burn) Thor & Odin Keycards. A capsule is immediately available in its closed form, at which point it may be listed on the Marketplace. You may then choose to open a capsule, at which point its contents are determined based on capsule type, and chance is applied by Chainlink VRF. You can also list the contents of the opened Capsule NFT on the marketplace.&#x20;

[**Capsule Marketplace**](/project-information/capsule-marketplace) - Capsule aims to be the premiere NFT Marketplace on the AVAX blockchain.&#x20;

[**Drift Burn**](/project-information/thorfi-nfts/nft-actions/drift-burn) - A Drift burn results in your NFT becoming either a Drift burn Odin, or Thor Keycard NFT, dependent on the NFT type you burn.&#x20;

[**Drift NF**](/project-information/thorfi-nfts/types-of-nfts/drift-nfts)[**T**](/project-information/thorfi-nfts/types-of-nfts/drift-nfts) - Transformed NFTs with a chance for increased payout for 90 days before expiring.&#x20;

**DRR (Drift Reward Rate)** - The locked-in 90-day reward rate based on the VRR at time of minting and the random boost multiplier.&#x20;

[**Fusion**](/project-information/thorfi-nfts/nft-actions/fusion) - Fusion is an action taken on the Marketplace combining one Thor Keycard & one Odin Keycard, becoming a Capsule NFT.&#x20;

[**Keycards**](/project-information/thorfi-keycards) - ThorFi Keycards are paired, one Odin and one Thor, of matching types, Origin or Drift, and Fuse together to create a Capsule.&#x20;

[**Origin Burn**](/project-information/thorfi-nfts/nft-actions/origin-burn) - An Origin Burn is an action able to be taken in the Marketplace. This action takes your NFT and turns it directly into either an Odin Keycard NFT or a Thor Keycard NFT, dependent on the NFT type you burn.&#x20;

[**Origin N**](/project-information/thorfi-nfts/types-of-nfts/origin-nfts)[**FT** ](/project-information/thorfi-nfts/types-of-nfts/origin-nfts)- Legacy NFTs, either Thor or Odin tier, purchased with $THOR tokens&#x20;

[**VRR (Variable Return Rate)**](/project-information/thorfi-nfts/vrr) - The VRR is a constantly updating algorithm that will determine how NFTs, both Origin and Drift, will accumulate rewards. This formula considers a multitude of factors pulled from various key performance indicators (KPIs). Sources include TraderJoe, NFT Contracts, Rewards Pool, and the Marketplace.


# Frequently Asked Questions

### What is ThorFi?

ThorFi has evolved into a dynamic ecosystem of gamified utilities, each one purpose-built to correlate seamlessly in pursuit of a greater purpose: empowering investors through inventive new approaches to how they cultivate their DeFi experience and earn the rewards that matter most.

### Is Thor's contract a fork or entirely its own code?

Whilst originally forking our code, we now have a fully-fledged contract that is entirely custom-written, to include such functions as compounding, combining, NFT fees, NFT renaming, staking, and lottery systems.

### What investments has ThorFi made?

Our full list of investments, including blue chips, validator nodes, and more, can be found at <https://app.thorfi.io/reserves>.

### Is the Thor team KYC'd?

We originally KYC'd [here](https://www.assuredefi.io/projects/thor-financial). Since then, multiple members of our team have KYC'd more previously in 2023, including 5 core team members, found [here](https://medium.com/@thorfiofficial/thorfi-is-now-kyc-assured-️-by-assure-defi-️-33f4c3c0e6e5).&#x20;

### Can I use rewards from my wallet to make up the difference if I am short on unclaimed rewards?

Referred to as 'Combine', as long as you have at least 50% in unclaimed rewards the rest of the cost can come from your wallet.

### Are there any taxes associated with this project?

These can be found in [Claim Tax](/project-information/thorfi-nfts/claim-tax) or [Maintenance Fees](/project-information/thorfi-nfts/maintenance-fees).

### Is there a limit to NFT creation per wallet?

We aim to allow 200 NFTs per wallet.

### What is the contract address of the $Thor token?

0x8f47416cae600bccf9530e9f3aeaa06bdd1caa79

### Where can I purchase $Thor?

We encourage you to buy from our automated OTC service! That can be found [here](https://app.thorfi.io/otc), with more details, [here](/project-information/otc-dapp).

Additionally, you can purchase $Thor from TraderJoe: <https://traderjoexyz.com/trade> Simply type in “Thor” and the token will populate.

### With which wallets is Thor's DApp compatible?

We strongly recommend using MetaMask as it causes the least issues; however, you can use Coinbase Wallet and WalletConnect.

### Does Thor have an OTC service?

We have the first-to-market automated OTC service. Additional details can be found [here](https://thornodes.medium.com/thorfi-launches-automated-smart-contract-based-otc-f853628fefa4).&#x20;

### Does Thor Financial host regular AMA's?

Indeed, we do; these occur at 5 PM PST on Thorsdays, within our Discord server, and also on our Twitch channel, which can be located here. (hyperlink the word “here” with the following link - [https://www.twitch.tv/thorfinancial).](https://www.twitch.tv/thorfinancial)

### Do my NFTs have fees associated with them?

These can be found in [Claim Tax](/project-information/thorfi-nfts/claim-tax) or [Maintenance Fees](/project-information/thorfi-nfts/maintenance-fees).&#x20;

### Are fees taken from unclaimed rewards?&#x20;

Fees are paid in AVAX. The reason that fees are payable in Avax and not Thor, is because if we collected the fees in Thor, at some point we would have to sell the token, causing mass sell pressure. The fees are due 30 days from point of NFT creation Please keep in mind that the button REMAINS even after you've paid. If you've paid once, please scroll down to the individual NFT section, and you will see that the date has been moved forward; that's how you can confirm the payment has gone through!

### What social media platforms can I find Thor on?

Thor Financial participates in the following social media and online services.<br>

* Medium: <https://thornodes.medium.com/>
* Twitter: <https://twitter.com/_ThorFinancial>
* Discord: [https://discord.gg/ThorFi](https://discord.gg/ThorFinancial)\
  \
  Please note, ThorFi does not have an official Telegram group. If you are part of a Thor group within Telegram, it is probably a scam.


# Official Links

### Protocol

Website: <https://thorfi.io>\
Dapp: <https://app.thorfi.io>\
Medium: <https://medium.thorfi.io/>\
Github: <https://github.com/thorfinancial>\
Public Treasury: <https://app.thorfi.io/investment>\
Gnosis Treasury Wallet: <https://gnosis-safe.io/app/avax:0x39858F3e1ed387767Ce50dc516d546B5659F1cE7/balances>\
Zendesk Support: <https://thorfinancial.zendesk.com/hc/en-us/requests/new><br>

### Socials

Discord: <https://discord.gg/thorfi>\
Twitter: <https://twitter.com/ThorFiOfficial>\
Reddit: <https://www.reddit.com/r/ThorNode/>\
Twitch: <https://twitch.tv/thorfinancial>\
Soundcloud: <https://soundcloud.com/yusufdefi>


# Contract

### $Thor Token

<https://snowtrace.io/address/0x8f47416cae600bccf9530e9f3aeaa06bdd1caa79>


