721Starter benefit to collectors & SOS power
To SOS believers
We thank you for your support: holding $SOS, staking $SOS for $veSOS, providing a liquid market for trading as $SOS-WETH LP, and minting/holding our Genesis NFT.
All of these actions count towards your SOS Power. All of these activities help our community as we continue to build important infrastructure like the 721Starter.
Streamlined whitelist process
The process of earning a spot on a whitelist to mint an NFT is never consistent, rarely transparent and can take a toll on our mental wellbeing.
Mechanism
1. 7 days before the raffle time, we take a snapshot of the SOS Power of the user accounts, every 1000 ethereum blocks. For example blocks 14,030,000, 14,031,000,14,032,000,14,033,000, etc.
2. The lowest SOS Power will be used for evaluation.
3. The SOS Power is derived from the sum of the equivalent in $SOS token of
- $veSOS token, our staked token (contract:0xedd27c961ce6f79afc16fd287d934ee31a90d7d1)
- $SOS-$WETH token, our liquidity provider token in Sushiswap, both staked and unstaked (contract:0xb84c45174bfc6b8f3eaecbae11dee63114f5c1b2)
- $SOS in the wallet (contract:0x3b484b82567a09e2588a13d54d032153f0c0aee0)
4. Ownership of OpenDAO Genesis membership NFT (contract:0xd22f83e8a1502b1d41c0b40cf64b291a6eabc44d) is taken into account, which requires the user to hold the NFT in all the blocks.
5. After getting the SOS Power of a user, we can determine its weight in the raffle by dividing the SOS Power by the lowest entry of the raffle.
6. If a user’s SOS Power is in the top 10 among all the participants of this certain project, the user automatically wins the eligibility of this project without entering the raffle process with no cooldown.
7. If a participant holds a Tier 1 OpenDAO Genesis Membership, no cooldown will be applied and you will get 10% extra SOS Power.
Example
1. if we set the lowest tier to 1B SOS Power and the user has 72.5B SOS Power, he will get about 72.5B / 1B ≈ 72 ticket.
2. Since the user hits the highest tier, the user gains a 1.25 booster so its final weight in the raffle is 72 * 1.25 = 90 with no cooldown.
