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DROPZONE NFT WINDOWS

Users with a winning ticket will be able to claim a special Raydium NFT, or “Drop Box”, to their wallet which represents their allocation.

Bob does not have a winning NFT allocation and can claim his 1 SOL, better luck next time Bob. When the lottery ends, Alice has 2 winning tickets and can claim the NFT allocation for her 2 winning tickets and 1 SOL for her non-winning ticket. Bob is still saving up for his ticket and only deposits 1 SOL. Alice is hitting the festival scene this summer and deposits 3 SOL, her maximum. 1 pair of RAY-Bans are 1 SOL and the Raydium team has decided to limit deposits to 3 SOL. Once the lottery is complete, users will be able to claim their NFT allocation and remove their SOL for any tickets that did not win.Įxample: Raydium is launching a collection of 5,000 NFT sunglasses, let’s call them RAY-Bans, for our community to show off at upcoming music festivals this #SolanaSummer.

DROPZONE NFT WINDOWS

Short deposit windows also maintain much of the hype and buzz that’s generated from “first come, first served” NFT project drops.Ģ) On-chain Lottery: An on-chain lottery will be carried out immediately after pools close. The amount of SOL eligible for deposit will be limited per wallet address and determined by the size of the NFT collection.īy keeping the deposit window short, dedicated community members that deposit on time will have a higher probability of winning an allocation than if deposits were longer. Initially, Raydium’s DropZone will include the following features:ġ) Time-limited Participation: NFT deposits will open at a set date for a short window of time where the community can deposit SOL in exchange for a chance to win the rights to an allocation. It is a race determined by sophisticated bots and internet latency. Dedicated community members who supported projects from the start have the cards stacked against them.

The “first come, first served” model prevalent in NFT drops today is not perfect. Raydium’s DropZone will deploy flexible smart contracts and one of the largest networks of RPCs on Solana as a foundation for projects to distribute NFTs to one of the most dedicated communities in crypto.

We are excited to announce the upcoming launch of DropZone - an initiative by Raydium to promote the growth of NFTs on Solana while supporting project teams with the infrastructure needed to launch new collections.ĭropZone will serve as a launchpad for the hottest Solana NFT projects to raise capital, seamlessly distribute NFT collections, and build their community.