• 1 Post
  • 6 Comments
Joined 10 months ago
cake
Cake day: November 18th, 2023

help-circle


  • I wanted to fuck around one time to test this out so I created a new wallet and waited for one to come in. I typically see these scams more on polygon honestly, but the one time I tried to dig deeper there wasn’t much to find at all which is never a good sign. Some of them have links to websites. Where yes they say you can stake the nft for x amount of whatever coin. All the ones I’ve tried and tested have you go through hoops putting in information, and they always end with the infamous tell tell sign that you should run: they ask for your recovery phrase for the wallet. If you don’t already know NEVER give your backup phrase away. I’ve given out that spam seed phrase once or twice now too and there were a ton of transactions I didn’t make but my balance never changed. I only gave out the phrase like I said maybe twice but it took a while before they were trying to drain the empty account. Sometimes they even try to transfer out the other fake nfts and I personally think that’s the funniest part. Finally I just quit checking that account one day. There’s no saving it. I just consider it to be “sacrificed to the the gods of curiosity.”

    TLDR 99% of the time these are scam and they’ll ask for your recovery phrase. Which is 100% the last thing you should ever do. Please be safe out there friends. 👉👉


  • So far I only have the first few layers prepped but they are as follows.

    L1: this will hold the core of the project. This will essentially be a simple onsite mint. I’m hoping to have an 8-bit game theme and potentially even an ARG in the background. In order to unlock L2, we will have to fill the first cell. This first cell slots 100 nfts. (Or the value of them I’m not sure entirely yet which way it will work) so that basically when you buy an NFT (Priced at 1.5 SOL), that SOL locks in the cell to be staked on chain. There won’t be a limit to how many you can buy, but round one I imagine I’ll probably have to buy a lot of if not all of the first round. However, the cells do two things. Unlock layers when all cells of a layer have been filled, and two, they stake all that for the NFT holders. I’m working out the details on how much I can offer for staking in general, but in the end I hope to see each NFT holders gets the staking rewards for 1 SOL as well as a bonus. (I plan to set a vote between .25 SOL/month or .1 SOL per week. The other .5 will be held in a separate staking pool for later rewards. This is only for stability through levels 1-4. Although currently I’m not sure how much I’ll be able to stake the SOL in each pool for anywhere between 5-7%, the consumer based pool should be able to pay the staking rewards out per NFT. The site based pool should pay the monthly/weekly bonus, as well as, become a validator of its own. (Also still figuring all that stuff out too. I don’t entirely understand every facet of Solana, but all I do at this point is learn to develop in this space). The pools themselves I don’t believe would be dipped into and the staking rewards that comes off that 100 staked SOL goes straight back into the people holding the NFTs, and the other part scales the network and provides a better safety net. And at the point the first cell is filled and the last NFT is minted it will start a timer for (some undetermined (as of yet) time probably 30-90 days or maybe 6 months. Either way I’d like the smaller pool to have enough staking reward built up to make the transition from 1-2 as well as 2-3 smoother due to what I’m hoping those layers can offer.

    That being said layer one is pretty cut and dry. Establish a core of the project. Build a stable enough pool to be able to rewards users of the platform more. Stake 150 SOL. unlock L2.

    Biggest mountains to climb: will this work at all? Who is going to mint these nfts to unlock level 2 if I don’t? Is the reward enough to gather, let alone satisfy, a consumer base? What will the community hope to see VS. what I want to see VS. what I am actually capable of with the limited knowledge I have? How do I promote and gather an audience or get people interested enough to even buy in in the first place? Can’t have a vote without a decent base of consumers.


  • I just made a post the other day in this community about my own up and coming project. I wouldn’t call it “the best” or anything, however I really would like the community opinion for what direction to take with it all. The end goal is to have a Solana NFT platform that opens up in levels based on the community. I’m hoping to have a platform that could potentially cover gas fees for the users by the 4th or fifth layer. Ill leave a link to that below