First DealFlow NFT — DuckDAO Launches on Only1
We’re excited to announce DuckSquad — DuckDAO DealFlow NFTs can be launching on Only1 on thirtieth December 2021.
DuckDAO is a decentralised incubator that helps promising initiatives obtain their full potential by democratising entry to early-stage funding alternatives that have been beforehand out there solely to well-heeled buyers and enterprise funds, opening up the closed ecosystem of early-stage crypto undertaking investments to everyone. And DuckSquad is the NFT below DuckDAO that grants person entry to deal flows in Solana.
Tasks present DuckDAO customers with a seed or non-public spherical allocation of tokens which is distributed to those that have joined DuckDAO’s token-permissioned Telegram communities. That is achieved via the DuckSquad NFTs.
DuckSquad Utility: There are 500 NFTs with a particular attributes — The Quack Quack Balloon(can you see it beneath?). Holders get unique Entry to DuckDAO non-public telegram group and have alternatives to acquire allocation to Solana-based initiatives seed/non-public deal move of 5 shares. For the opposite 2500 NFTs with out Quack Quack balloon, holding them will increase Deal move to Solana-based initiatives by 1 share (Given that you’ve entry to DuckDAO Personal Teams).
Instance: Oliver has 2 DuckSquad NFT with Quack Quack Balloon attribute and 1 Ducksquad NFT with out. He can enter the DuckSquad non-public telegram group and get allotted 0.36% of whole allocation per deal move. (5 + 5 + 1 = 11, 11/5000 = 0.22%) Due to this fact, a deal comes via to spend money on Duckaverse undertaking (Disclaimer: not an actual undertaking) with $100,000 whole allocation. Oliver will get to take a position $220.
- Amount: 3,000 NFTs
- Worth: 1 Sol
- Mannequin: Lottery for allocation
- NFT per successful ticket: 1 DuckSquad NFT
For particulars, please go to here
Step 1 — Sign up & stake on Only1.app to be eligible for tickets
Go to only1.app , check in by connecting to your pockets to be eligible for tickets for the lottery for those who fulfill the beneath staking requirement
Staking Requirement:
- 7-day LIKE staking required previous to ticket deposit opens, and it has to stay staked till ticket deposit has opened. Each 500 LIKE = 1 eligible ticket, most 5 eligible ticket per pockets.
- 7-day staking deadline: 22 December 2021, 00:00 UTC
Instance: Raj has had 2,500 LIKE staked earlier than the 7-day deadline. He’ll obtain 5 eligible tickets.
Step 2 — Deposit SOL to enter tickets into the lottery
Customers will deposit 1 SOL per ticket to enter the lottery. Tickets with out SOL deposit is not going to be entered into the lottery.
Instance: Ray has 5 eligible tickets however he solely deposited 4 SOL, solely 4 out of his 5 tickets can be entered into the lottery.
Ticket Deposit opens: twenty ninth Dec 00:00 UTC
Ticket Deposit closes: thirtieth Dec 00:00 UTC
Step 3 — Lottery
Lottery will happen shortly after the pool closes, every successful ticket will obtain 1 DuckSquad NFT, and every shedding ticket will get a 1 SOL refund.
Successful probability calculation: If whole ticket entered is greater than 3,000, then the possibility is calculated by 3,000 / whole entered ticket. If whole ticket entered is fewer than 3,000 then all tickets entered are successful tickets.
Step 4 — Declare your NFTs and/or SOL refund
Customers can declare utilizing the declare button1 distinctive DuckSquad NFT for every successful ticket and are in a position to declare 1 SOL for every ticket that didn’t win.
Instance: Raj deposited 4 SOL for 4 tickets and a pair of have been successful tickets. He would declare 2 NFTs and a pair of SOL again.
Declare opens: thirtieth Dec 12:00 UTC
Only1 is an NFT-powered social platform constructed on Solana. We assist creators monetize and permit followers to attach with the creators they love in a novel means, just like a decentralized Patreon — learn extra on Create-to-Earn (C2E) here. Mixing social media, NFTs, DeFi and the native token LIKE, Only1 presents a Net 3.0 resolution to creator financial system and fan engagement.
The brand new world of decentralized social media is right here, and it’s being constructed on Solana. Observe us to be taught extra.
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