MOOAR Launchpad Phase 2 is coming. Can we see the next step from here

23-02-15 14:00
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With Blur airdropping into the exchanges, it adds some heat to the widely watched NFT market circuit. Fierce competition has led to a lot of change and innovation in the space. Whether it's Sudoswap offering liquidity to NFT through AMM, or Blur offering zero transaction fees, optional royalties and airdrop incentives to attract user transactions, these are all for more mature NFT projects.

 

There is still a lack of support in the market for early NFT projects, and even for Web3 projects where NFT is part of their initial community building and roadmap. On the other hand, it is difficult for users to find good projects early enough to share in the dividends of growth.

 

MOOAR's Launchpad recently launched its second phase a month after its first successful launch. This is an emerging NFT market launched by STEPN developer Find Satoshi Lab (FSL) to bring the next billion crypto users to Web3. Here's a look at the project and the Launchpad voting process. See how MOOAR links early Web3 projects with community users.

 

 

Simplify the barriers to entry into Web3

 

Over the past few years, NFT has become the hottest track in the Web3 space, gaining rapid growth. In 2022, 80% of the first transactions of wallets were related to NFT, far more than DeFi.

 

Entering the NFT market, this new Web3 paradigm opens up a new path for creators that has the potential to revolutionize traditional forms of ownership and unique content monetization without stealing creators' exclusive rights.

 

As a result, more and more Web3 projects are now using NFT as part of their initial community building and roadmap for building gaming, social, entertainment, or virtual experiences.

 

For example, STEPN, a Web3 lifestyle application that has been widely discussed inside and outside the circle, was cold-started by building its own Trands NFT series at its initial launch, and has gained wide support and spread in the community. Based on their own successful experience, they also realized that for many experiential app projects, finding the first "1,000 loyal users" is an important part of launching the NFT.

 

But as NFT takes the innovation and value of the Web3 project to a new level, the market is becoming more competitive. Take OpenSea, the largest NFT marketplace by far. At its peak, thousands of NFT series were online a day, but few survived to gain traction.

 

This is mainly due to a lack of resources and experience, which often results in projects being rushed to market but not completed due to insufficient funding or lack of a sustainable road map, which also creates a huge barrier to users accessing Web3 and finding good projects.

 

Recently, however, the new membership-based NFT Launchpad MOOAR, officially launched by STEPN, has attracted a lot of attention in the Red Sea circuit of the NFT market. They aim to help more projects achieve early discovery and create their own communities. In contrast to Blur and other platforms that focus more on the transactional experience, MOOAR focuses more on helping projects grow, while allowing users to discover and engage with early quality projects.

 

MOOAR First instalment  The Launchpad has received over 530 launches. Ten thousand GMT voted and published 13 early projects.

 

 

The increasingly fierce competition has led to more changes and innovations in the NFT market circuit, and the position of Opensea as the top players in the NFT market is constantly being challenged. MOOAR will not only help creators in the field of NFT to start their own projects through NFT, but also bring great convenience to users, simplifying the barriers to entry for many people in the Web3 world and improving accessibility.

 

The second phase of voting at MOOAR Launchpad will begin soon

 

Launchpad advantages

 

Launchpad is an indispensable tool for creators in the NFT ecosystem, and with it, the process of getting Web3 projects into the public eye will be much smoother. It solves a number of logistical problems for creators, as well as providing necessary insight into the NFT business.

 

The MOOAR launchpad will also provide dedicated support for winning projects on the platform, including marketing support through social media and related channels, general consultation on project diagrams, and post-mint support. Creators will thus be able to reduce the hassle of marketing, planning and fundraising and focus on developing their own products.

 

The MOOAR launchpad also has a dedicated "Ambassador program" for award-winning projects, which is key to achieving rapid initial distribution for STEPN. The Ambassador Program is divided into four categories: Assistant Ambassadors, content Ambassadors, community Ambassadors, and global Ambassadors. It provides continuous support from all aspects of detailed functional allocation.

 

 

In addition, Yawn Rong, co-founder of FSL and the mastermind behind STEPN, simultaneously launched  MOOAR Incubator Program, the program will be open to the top 3 programs in each launchpad season. The 12-week programme will give the programme exclusive access to the best of the best in Web3, as well as a tailored programme on the four key pillars of building a successful business.

 

Currently, Phase 2 of MOOAR Launchpad is open for submission until 8 a.m. on February 16, 2023Same pageOpen the voting process.

 

 

Specific voting process

 

1) Voting system

 

The voting process will last five days;

The more GMT used to vote on an item, the higher the item's ranking on the leaderboard;

If two items are tied in terms of the number of GMT locked, the item with more unique users will rank higher;

If both projects are tied in the number of GMT locked and the number of unique users, both projects will rank first.

 

2) For the creator

 

Creators may define a minimum ticket price (i.e., NFT mint price) for their project, which may range from 10 GMT to 200 GMT in increments of 10 GMT, with the project with the highest number of votes (based on the total number of locked GMT) winning Launchpad for the season.

 

3) For users

 

All MOOAR members can vote for their favorite projects using GMT. Items will be ranked according to the total GMT locked during the voting period. The higher the item is ranked during the voting period, the higher the percentage of its supply will be automatically raffled and redeemed among users. Chances of winning depend on the number of tickets held, membership level and VIP loyalty.

 

The vote uses GMT, which can be purchased on Solana or Ethereum. The number of all votes per member on each blockchain is limited to 30,000 GMT per season.

 

Post-vote process

 

1) Lucky draw and exchange


After the voting, users will enter a lottery for the items they voted for, in which the higher the membership level and VIP membership loyalty, the greater the chance of lottery. The participating projects will be converted into three kinds of lucky draws according to their rankings as follows:

 

The first prize: 100% of the total supply will be allocated to users for exchange in the lottery;

Two or three: 50% of the total supply will be allocated to users for redemption in a raffle, and the other 50% will be open to all MOOAR members for mint.

Fourth place and above: 20% of the total supply will be allocated to users for redemption in a raffle and the remaining 80% will be open to all MOOAR members of mint.

 

2) mint, a MOOAR member


For NFT not allocated to the lottery pool, it will be open to all MOOAR members to mint at the Mint price specified by the creator (i.e., the admission price).

 

3) Refund


For all ticket holders who do not win the draw, they can request a refund of their GMT at any time after the Launchpad winner is announced, and there is no time limit to apply for a refund.

 

Membership multi-chain NFT market

 

After the vote, MOOAR will provide the necessary support for the subsequent development of the winning project. Meanwhile, the project's NFT trades on the MOOAR marketplace, which will firmly support the creators and respect each project's right to collect royalties. Because creators are the backbone of the NFT market, they thrive and create better content, which in turn encourages the sector to flourish and create a virtuous cycle.

 

While royalty payments are hotly debated in the market, some header platforms have even adopted an optional royalty scheme. But even if they succeed in the short term, it will inevitably disrupt the entire creative ecosystem and cause creators to gradually flee the NFT space. MOOAR thus ensures that a reasonable amount of royalties from any on-chain transaction is returned to the creator.

 

 

Zero service fee and loyalty system for VIP members

 

MOOAR offers two types of membership: regular and VIP. When users connect their wallets to MOOAR, they automatically become regular members, and the more transactions members make on MOOAR, they are eligible for various level-based rewards.

 

VIP memberships cost $29.90 a month and are entitled to 0% service fees and additional perks. This usually saves a lot of money.

 

For example, when a user trades a BAYC NFT at today's floor price of about 74 ETH on the NFT market with a 2% platform fee, while the current market price of ETH is around 1550 USD, the transaction fee alone is nearly 2300 USD. You can pay for a MOOAR VIP membership for over 76 months.

 

This is similar to how Costco, a Web2 retailer, works, but MOOAR thinks transparency is more important. Unlike many NFT markets, which profit from hidden platform costs, MOOAR fairly keeps costs to a minimum across the board at a single price.

 

 

Ordinary member: NFT and mint are free to buy and 2.5% to sell. As long as the wallet is connected to automatically become a member, and the member level through trading volume, the higher the level of play new probability of success is greater;

 

VIP member: There is no cost for any operation on MOOAR, and the speed of increased membership level is twice as fast as that of ordinary members. The longer the continuous subscription, the higher the loyalty of VIP members, and the membership level and VIP loyalty will increase the probability of new success at the same time.

 

In addition, anyone can vote, and senior members have a higher chance of winning, although VIP members still have a 50% higher chance of winning than regular members at the original zero level. In the process of upgrading, VIP members may also get some additional rewards, which is included in the loyalty system, and is also the gamification experience MOOAR brings to users.

 

summarize

 

NFT is undeniably an effective medium for attracting new crypto users, not only driving community narratives, but also bridging the gap between mainstream culture and digital assets, and is becoming a major driver of the next wave of Web3.

 

With the gradual refinement of the Find Satoshi Lab eco-component, the launch of MOOAR works in tandem with STEPN and DOOAR to provide more utility and value to its native Token GMT. Previously, STEPN was the most popular Web3 lifestyle app with over a million monthly lives; DOOAR soon became Solana's largest DEX.

 

Now, on MOOAR, users can also vote for their favorite projects using GMT, helping project builders successfully reach core community supporters and product users, and making it easier for the public to find the best early projects. This will continue to create value for its entire ecosystem, thereby bringing the next billion crypto users to Web3.

 

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