A Smart Drop for Smart Cats
Where Smart Cats broke new ground as the first xNFT game on Polygon, Cat Loot is set to be the first xNFT Collection on Polygon with a Smart Drop mechanism.
Smart Drops ensure alignment between projects and holders in a radical new way.
The Cat Loot xNFT Smart Drop on 19th December is a special 1000-item drop at 0.1 wETH for Adopted Smart Cat holders only.
This minting price is exclusive to Adopted Cat holders and comes with a Burn and Return mechanic which means you can burn your xNFT anytime after minting and get a minimum return of 0.1 wETH minus the 10% transaction fee.
As trading volume increases, Dynamic Pricing ensures the floor price always increases.
The mechanisms enforced by the smart contract are as visualized below:
What’s inside the Cat Loot?
The Cat Loot xNFT box opens to reveal one of 1000 unique Cat Toys which holders can play with to earn additional smart layer points.
Smart Cat Toys can play with any adopted cat once in their lifecycle, earning 75 points for the Toy. A Smart Cat can only play with a Toy once, but a Toy can play with many Smart Cats, accumulating points with each interaction. Both the Smart Cat and Toy must be in the same wallet. The Toy needs to “invite” the Smart Cat ID to execute the “play toy function”.
What about the Whitelist?
There are 900 whitelist spots to be claimed before the mint.
The first 400 go to Adopted Cats with the highest point tallies, based on a snapshot at 3.00 PM (AEST) on the 18th of December.
The other 500 will be allocated via raffle to Adopted Cats who register by 4:00 PM (AEST) 17th of December. The raffle will be held at 4.00 PM (AEST) on the 18th of December with successful cats notified straight after.
Users that are whitelisted will be able to mint from 4:00 PM (AEST) on 19th December for 24 hours. After 24 hours (4:01 PM (AEST) 20th December), The final 100 spots + any remaining Cat Loot xNFTs will be available to mint by any Adopted Cat holders.
Another xNFT innovation by Smart Layer in partnership with our Smart Cat community
This is another xNFT from Smart Layer that utilizes ERC5169 and TokenScript.
Cat Loot xNFT holders will be able to interact with Smart Cat Toys directly in the JoyID wallet or any wallet via a programmable interface accessed through the browser. The on-chain logic of the xNFT is handled by the smart contracts on Polygon, and the off-chain logic of the xNFT is handled by Smart Layer.
This drop is our first paid drop and it incorporates an innovative trading mechanism that means Smart Cats and Smart Layer benefit as transaction volume increases.
At the same time, the Burn and Return mechanism puts a floor under the initial purchase price for Adopted Cat holders, reducing any potential downside to just 10% of the purchase price.
