Dappie Gang Launching on DropZone

1. Dappie Gang 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 3 hours
  • Only RAY stakers will be eligible for the Dappie Gane 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: January 24, 12:00 UTC
  • 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: January 11, 12:00 UTC (snapshot already taken)
  • Alice deposits 8 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 4 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 3 SOL. Bob has 1 winning ticket for 1 SOL.
  • Example: Alice claims 5 SOL for her 5 non-winning tickets and Bob claims his 3 SOL for his 3 non-winning tickets. Alice claims her 3 Drop Boxes and Bob his 1 Drop Box from Raydium and can immediately redeem on the Dappie Gang website for 1 NFT per winning ticket, or choose to trade Drop Boxes on Serum and allow someone else to claim.

2. Drop Box redemption for a Dappie Gang NFT:

  • After the DropZone lottery ends, users can claim their winning Drop Box.
  • Users can then navigate to the Magic Eden website and immediately redeem their Drop Box for one NFT.
  • Drop Boxes must be redeemed on Magic Eden by January 28, 15:00 UTC. Exact link to mint page will be provided on the DropZone page at launch.

About Dappie Gang:

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