NFT-KEYS Countdown & Whitelist — Everything you have to know now
FAITHFUL
We are completely overwhelmed by the growth of our community and the support.
We have received many questions after the release of the first whitelist and with this article we would like to explain again comprehensively what the meaning is behind the NFT Keys and what you can expect from them.
Today, most whitelist actions take place via a standard form sheet that is still part of the centralized world. Data is stored in a cloud and higher ticket sizes are manipulable in distribution. We think this is not bad for smaller tickets but as soon as higher sums are involved a whitelist should be stored transparently on-chain and the purchase should be verifiable for the community.
Therefore we decided to distribute the whitelist seats of the higher pre-sale tickets via NFTs.
Another reason for choosing NFTs as part of our pre-sale whitelist process are clearly identifiable lockup timers.
Lockup Timers
Each NFT has a unique token ID. This ID reflects the lockup timer at the time of the IDO/public sale start.
The formula to calculate the lockup timer is simple.
TokenID * 10 hours = Lockup Timer
Example
If you own the NFT in the picture you would have to wait 190 hours after the tokens are unlocked for public trading. Since we are selling 72 keys this means that the last NFT key has a lockup timer of 30 days.
For our second whitelist we have chosen a different method. For this one, by default, you have to register as soon as it is published and will be selected through a lottery process that entitles you to buy the ticket. Lock up periods are also planned.
However, this will be triggered by the purchase itself. This means that if you are, for example, the 10th buyer of the small ticket, you will have to wait 10 hours after the start of the public sale to trade your $GODS tokens.
Formula
Entry Ticket Position * 1 Hour = Lockup Timer
As mentioned we have two ticket sizes available:
Ticketsizes
1. Ticket
720$ Maximum, 250$ Minimum. 720 Tickets available
2. Ticket (NFT-Key available via OpenSea)
7200$ Maximum, 2500$ Minimum. 72 Tickets available
The reason for setting a minimum is that we need to protect ourselves from bots that buy up a lot of tickets for very low amounts and thus manipulate the pre-sale.
Please note that the minimum and maximum ticket price does not refer to the NFT price, but to the purchase of the $GODS tokens. The NFT only serves as a right to participate in the pre-sale.
In addition, it should also be noted that our pre-sale is accurately factored into the tokenonomics which we will post tomorrow. This means that any leftovers that are not sold will be burned.
The auction of the NFT keys ends on JULY 1st.
We hope this clears up any questions regarding the whitelist. Start now and place your bid:
https://opensea.io/collection/polygods-org-official-collection/
Also, don’t forget that one of the 72 Key buyers is lucky enough to get THE ULTIMATIVE FIRST OF THE 72 GODS HORUS. More information will follow tomorrow.
We have a lot of plans and look forward to future updates and who knows maybe the keys have other hidden powers that remain undiscovered so far ;)
Thank you for your support.
FOR YOUR SALVATION
POLYGODS TEAM
