TLDR: On October 7th at 20:42 UTC 1000Blocks.space will introduce SPACE-02, Codename “Infinite Burn”. SPACE-02 will have its own mechanics, and through those mechanics, it will increase the utility of the BLS token and ensure a steady burn rate. Yields and gamification included (as is standard)! But most importantly, it will introduce 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! 💪🏼
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.
We grew our reach, our community (over 3000 users on Twitter and Telegram), and answered probably 10000 questions you guys posted. But the question that really kept us going was: “wen space 2?” 🤔
Initially, we scheduled the SPACE-02 launch for a later date … but you guys convinced us: it’s time to scale up, so we accelerated our work! To build out Space-02 we used draw screens, simulated potential spaces, and optimized our backends (same with our frontends 🤓)…
During this time we got listed on different platforms, we spread the word with social media and YouTube videos as well as began/continued talks with partners for potential collaboration on future spaces, etc…
And after 3 weeks (yes, all of that happens in 3 weeks) we are now introducing SPACE-02: Infinite Burn!
SPACE-02, codename Infinite Burn, will feel 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 if brave enough to explore 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 4h 20min 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 420BLS per Block and decrease every second until it hits 0 BLS after 40h.
- Once the TOF of a Block is 0 BLS, it will stay 0 BLS for 2h
- After 2h the TOF will bounce back to 24BLS per Block.
- Space Ape yields 24BLS 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 24BLS 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!
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