Blockasset Launching on DropZone

  • Muhammad Ali — signed gloves from the legend himself.
  • Wayne Rooney — a custom Hublot Watch from Wayne Rooney’s testimonial game. Only 65 editions of this special watch exist.
  • Jonah Lomu — signed All Blacks Jersey.
  • Alexander Ovechkin — Signed ‘Great Eight’ merch such as his legendary Hockey Stick.
  • Michael Bisping — 2 x tickets to watch UFC 269 where Blockasset’s very own Leon Edwards takes on fierce rival Jorge Masvidal at the T Mobile Arena in Las Vegas.
  • Muhammad Ali — tickets to watch Anthony Joshua vs Oleksandr Usyk for the World Heavy Weight Title
  • Wayne Rooney — 2 x tickets to watch Wayne manage including a meet and greet after the game.
  • Jonah Lomu — 2 x tickets to watch the All Blacks play in New Zealand.
  • Alexander Ovechkin — 2 x tickets to watch Alex play in Washington, United States.
  • Michael Bisping — training session with Michael in Los Angeles plus signed merch.

1. Blockasset’s Legends NFT DropZone launch:

DropZone Process Overview:

  1. When the DropZone pool opens, users deposit SOL to enter tickets in the lottery for an NFT allocation.
  2. Each winning ticket can claim a “Drop Box” token which represents one NFT allocation. Non-winning tickets claim back SOL.
  3. Each Drop Box token can then be redeemed on the project’s website to mint one original NFT from the project collection at random.

Eligibility and pool details:

  • Allocation will be determined by a lottery system.
  • Allocation for one winning lottery ticket: 1 Drop Box
  • The pool will be open for 2 hours
  • Only RAY stakers will be eligible for the Blockasset NFT drop

How does it work?

  • Eligibility: At least 10 RAY staked in RAY single-sided staking prior to the 2-day staking deadline below and successful SOL deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: at least 1 ticket for the first 10 RAY staked, and additional tickets for 30, 50, 100, and 150 RAY staked based on the tiers below. Staking more than 150 RAY will still receive 5 tickets maximum.
  • 2-day staking deadline: November 2, 12:00 UTC
Reference: 100 RAY is the minimum staking requirement for 1 ticket in an AcceleRaytor IDO launch
  • To reward longer-term Raydium holders, users that are eligible for the 15-day deadline will receive additional tickets on top of any received for the 2-day deadline.
  • Eligibility: At least 10 RAY staked 15 days prior to the 15-day staking deadline below and successful SOL deposit once the pool opens. RAY must remain staked until the pool opens.
  • Lottery tickets: 1 ticket for each 50 RAY staked up to 250 RAY, in addition to tickets received for the 2-day staking deadline. As such, users who stake RAY for 15 days will be capped at a maximum of 10 tickets.
  • 15-day staking deadline: October 20, 12:00 UTC (snapshot already taken)
  • Alice deposits 16 SOL, even though she has 10 tickets, to ensure that 8 of her tickets are entered in the lottery. In Alice’s case only 8 tickets will be entered in the lottery. Bob deposits 8 SOL to ensure all of his tickets are entered in the lottery.
  • Example: Alice has 3 winning tickets and will receive 3 Drop Boxes for 6 SOL. Bob has 1 winning ticket for 2 SOL.
  • Example: Alice claims 10 SOL for her 5 non-winning tickets and Bob claims his 6 SOL for his 3 non-winning tickets. Alice claims her 3 Drop Boxes from Raydium and can immediately redeem her 3 Drop Boxes on the Blockasset website for 3 NFTs or choose to trade her Drop Boxes on Serum and allow someone else to claim.

2. Drop Box redemption for a Blockasset Legends NFT:

  • After the DropZone lottery ends, users can claim their winning Drop Box.
  • Users can then navigate to the Blockasset website and immediately redeem their Drop Box for one Legends NFT.
  • Drop Boxes must be redeemed on the Blockasset Website by November 6, 14:00 UTC.

About Blockasset:

--

--

--

Raydium is an on-chain order book AMM powering the evolution of DeFi. https://raydium.io/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

What’s new in Elasticsearch-7.7.0 ?

Why “every” kid should “code”??

GraphDati Nanopubs

Hello Everyone!👋🏻 I am Anuja

Android recyclerview with cardview android example- @E-Commerce

How to Create a Model With Two Foreign Keys References From the Same Table in Rails

Add a Splash Screen in React Native Expo in under 10 minutes

Five and a half Lines of Code for Understanding Your Data with Pandas today

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Raydium

Raydium

Raydium is an on-chain order book AMM powering the evolution of DeFi. https://raydium.io/

More from Medium

Axelar Network Introduction

What are decentralized exchanges and why are they so important?

Avatar Weekly Research Report — Fair Launch

Scaleswap: Year-End Recap and a Look Forward to 2022