Protocols

Startups

Drops, connecting digital collectors with creators, while adding more utility to NFT assets. NFT raffles, staking, and loans with zero gas fees. Created by Node Runners.

Drops users will be able to earn a return on their NFTs, by depositing them into Vaults to earn dPoint tokens. dPoints can be considered as “coupons”, which can be used to cover purchases within the Drops marketplace. For every purchase, users can also get cashback in DROP tokens. Platform governance will be done through NDR token.

Drops are limited-edition artwork releases, with participation via a raffle. This is a common mechanism used in the real-world, which:
a) Enables fair participation for all buyers
b) Improves exposure for the creator and the collectible items being released.

In the case of the Drops platform, drops serve as a launchpad for rising digital creators. When new artists come to the platform, a drop is organized to give them a kick-start.

All users will be able to view the artworks which will be available in a drop, but in order to make a purchase they will have to participate in a raffle.

Raffle tickets for each drop will only be available for a limited period of time. Each successive ticket purchased in the raffle will become more expensive, rewarding early participants. ETH, DROP, and NDR will all be accepted for raffle ticket purchases, with partial payment accepted in dPoints.

All ticket purchases will also receive cashback rewards in DROP tokens.

Once a raffle ticket sale is over, users can use their ticket to redeem a randomly-selected NFT from the Drop’s collection. All tickets have the same chance of redeeming even the rarest artworks, no matter the price paid for the raffle.

Any unsold or unclaimed artworks will be sent to the burn address.

Overall, the Drops raffle process ensures a fair artwork distribution, preventing users from being front-run by bots.

Backers

CypherHunter Plus

Drops

Funding Rounds

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