Jungle Cats Launching on DropZone
We’re excited to announce that on October 18, Jungle Cats will be launching on DropZone!
Jungle Cats roam the depths of the Solana jungle, where holders will have access to an exclusive social club verified via Grape Protocol, which features special NFT drops, returns to the community wallet, and sizable donations to nonprofit conservation efforts.
This article will cover the two sections: 1) the DropZone launch on Raydium 2) Drop Box redemption for an NFT.
1. Jungle Cats DropZone launch:
DropZone Process Overview:
- When the DropZone pool opens, users deposit SOL to enter tickets in the lottery for an NFT allocation.
- Each winning ticket can claim a “Drop Box” token which represents one NFT allocation. Non-winning tickets claim back SOL.
- Each Drop Box token can then be redeemed on the project’s website to mint one original NFT from the project collection at random.
Jungle Cats DropZone details
Total NFTs minted at launch: 5,585 Jungle Cats NFTs
Total Drop Boxes: 5,500 Drop Boxes, each redeemable for 1 NFT
Fixed NFT/Drop Box price: 2 SOL
Model: Lottery for allocation
Tickets per user: 3 tickets (max 6 SOL deposit) for non-stakers and bonus tickets for RAY stakers (see below)
Allocation for winning ticket: 1 Drop Box
Total number of winning tickets: 5,500
Pool opens: October 18, 14:00 UTC
Pool closes: October 18, 14:05 UTC
Open period of the pool: 5 minutes
IMPORTANT: Drop Boxes must be redeemed on the Jungle Cats website by October 20, 15:00 UTC.
Eligibility and pool details:
There will be one SOL pool available for the Jungle Cats drop.
- Allocation will be determined by a lottery system.
- Allocation for one winning lottery ticket: 1 Drop Box
- Deposits for non RAY stakers will be capped at 6 SOL per user, equal to 3 tickets. RAY stakers will receive additional tickets
- The pool will be open for 5 minutes
- RAY stakers will receive bonus tickets for the Jungle Cats drop
How does it work?
Tickets: Users must deposit SOL for each ticket they wish to have entered.
Public allocation (non RAY stakers):
- Ray staking is not a minimum requirement to participate in the Jungle Cats launch on DropZone
- All users will be eligible for a minimum of 3 tickets, or a total of 6 SOL, while RAY stakers will receive bonus tickets
RAY Staking Bonuses
7-day RAY staking deadline:
- Eligibility: At least 50 RAY staked in RAY single-sided staking prior to the 7-day staking deadline below and successful SOL deposit once the pool opens. RAY must remain staked until the pool opens.
- Lottery tickets: 3 public allocation tickets in addition 1 ticket for every 50 RAY staked — up to a maximum of 2 bonus tickets. Staking more than 100 RAY will still receive a maximum of bonus 2 tickets.
- 7-day staking deadline: October 13, 14:00 UTC
*Due to the timing of this post, the 7-day staking deadline has been extended 48 hours from the original date of October 11, 14:00 UTC
30-day RAY staking deadline:
- To reward longer term Raydium holders, users that are eligible for the 30-day deadline will receive additional bonus tickets on top of any received for the 7-day deadline.
- Eligibility: At least 50 RAY staked 30 days prior to the 30-day staking deadline below and successful SOL deposit once the pool opens. RAY must remain staked until the pool opens.
- Lottery tickets: 3 public allocation tickets in addition to 1 ticket for every 50 RAY staked — up to a maximum of 2 tickets, and 1 additional ticket for every 1,000 RAY staked — up to a maximum of 3 tickets. As such, users who stake RAY for 30 days will be capped at a maximum of 10 tickets.
- Example: Alice has had 2,500 RAY staked before the 30-day deadline. She will receive 9 tickets — 3 for the public allocation in addition to 2 for the 7-day deadline 50 RAY max allotment, an additional 2 for the 30-day deadline 50 RAY max allotment, and 2 additional for each 1,000 RAY staked.
- 30-day staking deadline: September 18, 13:00 UTC (snapshot already taken)
Example: Alice has 9 tickets as the above example. Bob staked 100 RAY before the 7-day deadline and will receive 5 tickets, 3 for the public allocation and 2 for each 50 RAY staked before the 7-day deadline. Carol does not have any RAY staked, she will receive 3 tickets for the public allocation
Deposit: When the pool opens, users will need to deposit 2 SOL for each ticket for it to be counted in the lottery. Users can choose to deposit less than their total ticket allocation, however, tickets without a matching deposit will not be entered in the lottery. Deposits must be in multiples of 2 SOL.
- Alice deposits 18 SOL, her maximum, to ensure that all 9 of her tickets are entered in the lottery. Bob deposits 8 SOL even though he has 5 tickets. In Bob’s case, only 4 tickets will be entered in the lottery. Carol deposits 6 SOL, her maximum, to ensure that all 3 of her tickets are entered in the lottery.
Lottery: Once the pool closes, the lottery will take place, and winning tickets will receive a Drop Box for 2 SOL, each. The Drop Box can be redeemed on the Jungle Cats website for a random Jungle Cats NFT.
IMPORTANT: Drop Boxes must be redeemed on the Jungle Cats website by October 20, 15:00 UTC.
- Example: Alice has 4 winning tickets and will receive 4 Drop Boxes for 8SOL. Bob has 1 winning ticket for 2 SOL, finally Bob! Carol does not have any winning tickets, better luck next time, Carol.
Claim: Once the lottery is complete users will be able to claim their SOL for any tickets that did not win as well as claim their Drop Boxes for winning tickets. Users can then redeem their Drop Box on the Jungle Cats website (details below).
- Example: Alice claims 10 SOL for her 5 non-winning tickets, Bob claims his 6 SOL for his 3 non-winning tickets, and Carol also claims her 6 SOL for non-winning tickets after the lottery concludes. Alice claims her 4 Drop Boxes from Raydium and can immediately redeem her 4 Drop Boxes on the Jungle Cats website for 4 NFTs or choose to trade her Drop Boxes on Serum and allow someone else to claim.
Lottery Transparency
The lottery will be done on-chain, with lottery numbers assigned to tickets in the order that users deposit in the pool. After the pool closes, winning numbers will be determined by hashing a block, multiplying it by the timestamp, and matching the last digits of that number with user ticket numbers. Any ticket number with the last digits matching is designated a winning ticket. This process will be repeated until all the winners are determined.
2. Drop Box redemption for a Jungle Cats NFT:
- After the DropZone lottery ends, users can claim their winning Drop Box.
- Users can then navigate to the Jungle Cats website and immediately redeem their Drop Box for one Jungle Cats NFT.
- Drop Boxes must be redeemed on the Jungle Cats website by October 20, 15:00 UTC.
Note: Drop Boxes are transferable and tradable prior to redemption, but they must be redeemed for a Jungle Cat by October 20, 15:00 UTC.
For questions on redemption, please contact Jungle Cats.
About Jungle Cats:
Jungle Cats holders will have access to exclusive airdrops, prizes, social club, collaborative gifts, and other valuable benefits. In addition to delivering value to our community one of our core values is assisting in nonprofit efforts of conservation. Jungle Cats will routinely make donations to a number of conservation agencies to help ensure the longevity of our real world Jungle Cats.
- Website: https://junglecats.io/
- Discord: https://discord.gg/junglecats
- Twitter: http://twitter.com/junglecatsio
Make sure to follow official Raydium accounts below for updates.
- Join the discussion on Discord: https://discord.gg/Raydium
- Follow us on Twitter: https://twitter.com/RaydiumProtocol
Persons located in or residents of the United States, North Korea, Iran, Venezuela, or any other jurisdiction in which it is prohibited from using any of the services offered on the Raydium website, including AcceleRaytor, (the ”Prohibited Jurisdictions”) are not permitted to make use of these services. For the avoidance of doubt, the foregoing restrictions on any of the services offered on the Raydium website from Prohibited Jurisdictions apply equally to residents and citizens of other nations while located in a Prohibited Jurisdiction.
