The Rig is the asset.
Each Rig exists as its own NFT on Robinhood Chain. Ownership of the NFT determines who controls the Rig and its associated functionality.
Each DERP Rig is an individually owned NFT designed to connect its owner directly to the DERP mining protocol.
Each Rig exists as its own NFT on Robinhood Chain. Ownership of the NFT determines who controls the Rig and its associated functionality.
Rigs are designed to remain transferable after mint. Owners can trade or transfer their Rig through compatible NFT marketplaces while retaining the asset's on-chain identity.
0.008 ETH from the original mint allocation is assigned to the Rig's reserve. The reserve exists to fund interactions with the DERP mining protocol, including the costs associated with putting the Rig to work.
Once connected, the DERP Rigs application can identify Rigs held by your wallet and present their current status.
An eligible Rig can interact with the DERP mining system and begin a proof-of-work shift. The resulting work is verified by the protocol.
DERP Rigs are experimental software and are designed to interact with third-party protocol infrastructure. Mining rewards, fees, and protocol conditions are determined by the underlying DERP system and may change over time.