SPACE-02 and the beginning of Multi-space (UPDATE)
TLDR: SPACE-02 has its own mechanics, and through those mechanics, it increases the utility of the BLS token and ensures a steady burn rate. Yields and gamification included (as is standard)! But most importantly, it introduces a multi-space setup, which is the foundation of scaling 1000Blocks.space!
Time to scale
Since the start of 1000Blocks.space we had a vision that somewhere in the future people will create NFTs in a collaborative way; Either for fun or on-demand (btw, notice it was always ‘NFTs’ (plural) not 1 NFT). With this in mind, we knew that we need to: a) check product/market fit with one NFT and b) expand somehow to multiple NFTs.
We have motivated thousands of Space Apes to claim over 3000 areas to then post their art/advertisements/etc and managed to mint and sell that NFT! We filled the rewards pool with 200+ BNB (which the community now enjoys the yields of) and we burned over 100k BLS tokens! 💪🏼
What is next?
HOW IT WORKS — 1000Blocks in a nutshell
This article describes some simple 1000Blocks concept topics such as rewards system, NFT auction, and future use cases.
SPACE-02 is LIVE!
SPACE-02, codename Infinite Burn, feels familiar but still so different! With the objective to make the 2nd Space more affordable to a broader audience but also give additional utility to our beloved BLS token and still keep everything fun and rewarding: we came up with a whole new game dynamics 🥸
Here is what you will encounter on SPACE-02:
- A Space Ape can claim up to 42 Blocks at a time.
- A Space Ape can cover those Blocks with a picture of his choice.
- A Space Ape can claim blocks unlimited times BUT a minimum of 24 min needs to pass between the claims (restricted per wallet).
- To claim a Block there will be a fixed fee: 0.0042BNB. If it’s an empty block or someone already claimed it. It always stays the same. 0.0042BNB
- If Block/-s already have a previous owner (is covered) a “Take over fee” (TOF) applies.
- The TOF is to be paid in BLS tokens! (Yes, that’s right. No more playing the game without BLS)
- The TOF is dynamic, depending on time! (yes, not the previous owner of the block)
- The TOF will start at 240BLS per Block and decrease every second until it hits 0 BLS after 24h.
- Once the TOF of a Block is 0 BLS, it will stay 0 BLS for 1h
- After 1h the TOF will bounce to 2BLS per Block.
With Chainlink integrated Verifiable Random Function (https://docs.chain.link/docs/chainlink-vrf/) we introduced a system that randomly rewards a user that claims Block/-s on Space02.
Approx. every 24 hours a random block is chosen on the space to become the lottery winner. The winner receives 2400 BLS as a reward.
Payment is automatically in the winner's wallet, no need to claim! 🐱🏍💕
- Space Ape yields 20BLS per Block per Day as long as it is visible.
- Before “the bounce” 76% of the TOF will go to the previous owner of the Block. 24% of the TOF will… well by now you should guess it: BURN BABY BURN 🔥🔥🔥
- After the bounce back to 2 BLS TOF per Block: 100% will get burned 🔥
- The SPACE-02 will be minted only once. There will be a countdown timer of 42h before that. So keep your eyes open to get on that NFT before the mint!
And that’s it!
Multispace changes the game
SPACE-02 sounds fun, right? We can’t wait for what the community creates this time! But for us, equally (if not even more) exciting is the fact that with SPACE-02 we are opening the door to a multi-space future. This means we can now launch additional spaces faster and with very different rules. And all of them will fill our universal Rewards Pool! 🏆
Also, don’t forget, with a multi-space setup the Space Ape now needs to think multi-dimensional — which space will he participate in? When, how? How much? Gamechanger 🤯
Still so much to come
Naturally, we won’t stop with SPACE-02. We are opening the door to multi-space with a reason. We are happy to inform you that we already have a few deals for promo spaces (a time-limited space in collaboration with a special partner, that will reward the community with special goodies).
We also have planned our own NFT collection 🙊🙈🙉
This collection will give the owners special superpowers on our 1000Blocks platform (more about that in a dedicated article later on)…
And many more to come!
We are excited and hope you are too — let’s take off!
Interested? Follow us for more updates
Join us on our journey and change how Digital Assets are being created! For more info check out the following links:
- Website: https://1000blocks.space/
- Twitter: https://twitter.com/1000Blocks
- Telegram: https://t.me/thousandblocks
- Medium: https://1000blocks.medium.com