Vesting Capsules: Blue Chip NFTs Utilizing Charged Particles
Buy the dip. Nest the dip. Lock the dip. Vest the dip.
The core team behind Dip DAO and the preeminent Blue Chip NFT have just joined the growing list of projects to utilize the Charged Particles Protocol by using NFTs as “vesting capsules.” Alongside projects like Paragons DAO and Fraktal DAO, Dip DAO has locked the allocated team’s tokens inside their NFTs and locked them for the duration of vesting (1 year) — one in a series of unique innovations being forwarded by the project.
What Is Dip DAO?
Founded by myself and Charged Particles Gaming Guild founder Cybertooth Kat, Dip DAO is an NFT project focused on two of the most important things in crypto — Blue Chips and buying the dip.
Released earlier this year, the Blue Chips sold out their first mint during the worst market downturn we’ve seen since 2017 — no small feat — attracting builders from the around the space including members of such projects as Chainlink, Coindesk, DXdao, LexDAO, Skylab, Opolis, FLUFs, and more.
With such a heavy hitting community and more than 85% of listed chips set at 99ETH or higher, it’s clear that people want to stick around for what we are building.
Today Dip DAO announced the launch of their cross-chain dipping mechanism as well as three tokens — GUAC, SALSA, and QUESO. You can learn more about it here.
You can also read Dip DAO’s BluePaper.
Why Use Vesting Capsules?
Nesting ERC-20s inside a time-locked NFT gives team members the capacity to hold their tokens in their own wallets during the vesting period and opens up a lot of unique DeFi possibilities such as collateralizing or lending these nested NFTs. Doing this enables the value of the nested tokens to be leveraged without the fear of negative price action and opens up teams to getting the most out of their team tokens while also limiting the amount of rug pulls.
Check out this video I made for Dip DAO explaining how it works:
About Charged Particles
Charged Particles is a protocol that allows users to deposit ERC-20, ERC-721, and ERC-1155 tokens into NFTs. A scarce NFT (e.g. Art, Collectible, Virtual Real Estate, In-Game Item, etc.) can now be transformed into a basket holding a number of other tokens. The Principal amount can be time-locked inside the NFT, and through integration with Aave’s aTokens, the programmable yield from these DeFi yield-generating assets is just a few clicks away.
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Applications of Charged Particles: ✅ DAO Capsules | ✅ Vesting Capsules | ✅ Escrow Capsules | ✅ NFT Trust Accounts | ✅ Gift Baskets | ✅ Improved NFT Index Funds | ✅ Financially Appreciating Artworks | ✅ Nested Bundles of Artworks | ✅ Redemption Tickets | ✅ Creative Crowd-funding Campaigns | ✅ Company Token Promos
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