Demons
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Sale and Distribution
The sales and distribution of Demons will be made according to our latest Sale model. Buyers will be awarded 200 $DMZ for each demon purchase they make during the sale. Any random Demon of that species will be allocated to the buyer, resulting in a fair random distribution. We have decided to limit a maximum of one demon per transaction. To ensure a fair distribution, the user will not know what demon they purchase until the sale is over. For detailed information on the updated sale model, click here.
Note: Users have to create a profile and connect their ZilPay wallet on the DeMons website to participate in any sale.
Why update the Sale Model from Step Curve?
Old Sales Model
The previous sales model worked on FCFS and used step-curve for price determination, leaving much room for exploitation. This model resulted in a significant downside for both the community as customers and us as traders.
We have had reports coming in for gas wars, inability to buy because of different time zones, failed transactions due to overload, one wallet acquiring multiple NFTs, and so on. One of the main drawbacks we faced was that we had neglected the lack of exclusive privileges for trusted community members.
We have designed the new model incorporating the suggestions from the community.
New Sales Model
The new sales model consolidates the idea of specialized privileges for trusted wallets, thereby limiting hoarding of NFTs to a broader extent. By developing a fair and community-friendly model, we make the process more driven and engaging, ensure customer gratification and prompt higher value.
How does this model work?
We start with a pre-determined period of hard staking. For those new to the term staking, "it is the process of locking up crypto holdings to earn rewards and interest." The entire process runs for about 3-4 weeks.
Stage-1
The initial stage or "buffer period" runs for a week, during which we lock 2500 $DMZ. After a week, the assets are hard-locked for two weeks.
Stage-2
In the two weeks of hard-locking, we pick around 100 addresses; 80 from the locking contract and 20 from the pool of addresses that provides liquidity of 4K or higher in more than 6 epochs. If the count is less than 20, we pick the adequate number from the locking contract or hard-lock.
All the addresses will be randomly chosen via a Chain in Oracle. We are considering using Chainlink as blockchain oracles for smart contracts. The randomization will be done using the Ethereum chain as we do not have any Oracle on the Zilliqa network.
Stage-3
At the end of the locking period, the chosen addresses can buy the released NFTs using their wallet from the DeMons website at a flat price. Only the selected addresses can buy the NFTs, and only one NFT/wallet will be issued.
Last modified 3mo ago