Levana Rekt Dragons Aidrop Proposal
Details
Description
Objective: Engage active NFT communities on Ethereum to migrate them to Stargaze. Assumption 1: Cosmos is in the early stages of mega growth. Leading indicators include DYDX & other major protocols launching on Cosmos. We believe this DeFi protocol migration could also shift tens of thousands of wallets and hundreds of millions of dollars from Ethereum to the Cosmos. Assumption 2: There are many legitimate projects with strong communities on Ethereum. Due to the nature of Ethereum, these communities are not receiving the engagement they deserve. We believe that by migrating these communities to a 'smaller pond' they will see an uptick in community growth, volume, and ongoing traction. Engage Ethereum Communities: Stargaze wants to be proactive versus reactive by beginning to engage active NFT communities on Ethereum. Proof of concept: Stargaze aims to demonstrate that the concept of airdropping STARS tokens to hand-picked NFT communities on Ethereum can drive wallet, user, and fund migration from Ethereum to Stargaze and Cosmos. Pilot: To prove that this model works, Stargaze will partner with Levana Protocol, an experienced team that has grown a loyal, charismatic community of devoted NFT collectors. How it works: Users will navigate to a website: (URL TBD)
- User connects metamask and keplr
- user signs a plaintext message on metamask (aka "I want a Winter Pal")
- User signs transaction on Keplr wallet (it will say something like "submit for airdrop")
- There will be an airdrop contract on our side, that is able to compute valid eth sig and keplr sig
- That same contract, will a) send the user 3000 STARS and b) add them to the desired whitelist
- User gets a response message something like "You have received 3000 STARS and added to Winter Pals whitelist!"
- User can then go mint their winter pal at the whitelist date we set Why 3,000 STARS tokens? The STARS tokens will be a bonus invite prize for participating in the POC of bridging accounts from Ethereum to Stargaze. About Levana: Levana was a Blue Chip protocol on Terra before moving over to Cosmos. Levana has one of the most active communities, with 30,600 Twitter followers and 11,800 Discord members. Twitter: https://twitter.com/Levana_protocol Discord: https://discord.com/invite/levana Here are some Levana Highlights: Most successful NFT Mint on Terra. $3.7M with $7.6M in secondary market sales. Most owned NFT collection on Terra by wallet. *Second only to TNS. Levana’s role: - Engage & educate the hodlers community by holding bi-weekly AMAs and creating and promoting explanation videos, providing live Twitter & discord support. Levana will reward each bridged wallet with a free Crypto Winter Pal from the Winter pals collection. KPI: There are 1279 wallets currently hodling Rekt Dragon NFTs on Ethereum. https://opensea.io/collection/levana-rekt-dragons waiting for the secondary drop of crypto winter pals guaranteed to all Rekt Dragon hodlers. These wallets were all previously rekt on Terra We believe that the following metrics will be key indicators of success. 1,000 Ethereum wallets bridge to Stargaze within a 2-week pilot period. Five hundred wallets engage in 3,000 STARS sales volume in the first 30 days. Ask: A total of 3,837,000 STARS <3,000 STARS multiplied by 1,279 wallets.> There will be a 50-day claw-back period. All unclaimed STARS will be returned to the community pool within 50 days of the launch date. Funds will be held in a 3 of 4 multisig with 2 signers from Levana, Levana Comms and Michael, Humanalgorithm from Stargaze and Alkadeta the validator. Conclusion: Stargaze believes that it can funnel quality NFT collections and its communities from Ethereum to Stargaze. To quickly and effectively prove or disprove this assumption, Stargaze will run a 50-day pilot in partnership with the Levana team. If this pilot proves successful, the Stargaze team will look to repeat this model with other leading NFT communities on an ongoing basis moving forward.
Votes