Ethereum Onboarding Platform

Objective: Onboard the most active Ethereum NFT communities to Stargaze. Stargaze has witnessed spectacular growth in the past months due to its unique value proposition for NFT collectors. On the flipside, Ethereum NFTs are in stagnation, and their community is looking for something more...

Hypothesis: We believe that onboarding Ethereum users to Stargaze will be mutually beneficial. Stargaze will see an uptick in community growth, volume, and benefit from the knowledge transfer of an established NFT user base. Ethereum collectors will enjoy a welcoming Stargaze community, an innovative blockchain dedicated to NFTs, and profit from the numerous perks of being on Cosmos (including lower gas fees).

Proof of concept: Rekt Gang DAO aims to demonstrate that the concept of airdropping STARS tokens to select NFT communities on Ethereum can drive wallet, user, and fund migration from Ethereum to Stargaze and Cosmos. Driving the ethos of Cosmos, and its collaborative nature.

Pilot: To prove that this model works, Stargaze will partner with Rekt Gang DAO and MintDAO, both experienced teams in their field that have consistently delivered on their roadmap. Noteworthy, both teams have over delivered on their initial value proposition and never asked the community for additional funds, or adopted NFT ponzinomics.

We aim to develop a model that will provide a friendly user experience on top of being scalable and interoperable with multiple NFT projects on Ethereum, as well as the wider Ethereum Virtual Machine (Polygon, Avalanche, etc…)..

How it works, Users will navigate to a website: (URL TBD)

1. User connects metamask and keplr.
2. User signs a plaintext message on metamask saying: "My stargaze address is <addr>"
3. User interacts with an airdrop contract on stargaze sending previously signed message to receive 420.69 stars. This contract validates ETH signature and checks eligibility.
4. User gets a response message along the lines of "You have received 420.69 STARS and welcome to Stargaze!”

The STARS tokens will be a bonus invite prize for participating in the POC of bridging accounts from Ethereum to Stargaze.

About Rekt Gang DAO: Rekt Wolf was a Blue Chip NFT community on Terra before migrating to Ethereum. Rekt Gang DAO has consistently provided educational initiatives to all NFT collectors such as analytics, project reviews, AMAs, mint trackers and many more resources in order to prevent people from getting Rekt. They are an established community on Ethereum, as they are the 1st project to migrate from Terra to Ethereum for free with EVM interoperable smart contracts (powered by LayerZero labs). Indeed, they successfully migrated more than 85% of their user base. Since their migration to ETH, they reached the top volume amongst migrated collections from Terra, as well as the highest floor price. Most recently, they partnered with a popular metaverse in the ETH community that houses many blue chips such as Azuki, Pudgy Penguins and more : https://twitter.com/rekt_gang/status/1569697765524914178?s=20&t=-Z1tPgblONaDoc9Ss7O-Aw

About Mint DAO: MintDAO is an NFT driven protocol that has developed 1st in space innovations such as yield bearing NFTs on Terra, and Ethereum Virtual Machine (EVM) interoperable NFTs. In addition, they have a unique model where the mint proceeds return to their DAO and are shared between holders (a little reminiscent of Stargaze).

Ask: A total of 1,690,069 STARS <420.69 STARS multiplied by 830 Rekt Wolf ETH wallets for Rekt Gang DAO, and 1,340,896.3 STARS to MintDAO team for platform development> There will be a 50-day claw-back period. All unclaimed STARS by Rekt Wolf ETH holders will be returned to the community pool within 50 days of the launch date.

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 Rekt Gang DAO and MintDAO 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. The deliverable (platform) will be interoperable for NFT projects on the Ethereum Virtual Machine (including projects from Polygon and Avalanche).