ColdStack to Distribute Allocations through Solv Finance
Dear community members, we are happy to announce that ColdStack will be distributing our vested private sale tokens through Solv Finance’s unique Financial NFT voucher system. As a platform that has become increasingly involved with the NFT sector through our cost-efficient storage for NFTs, NFT minting features, and our NFT grant program, we are excited to explore this exciting use-case. Most importantly, Solv will allow ColdStack’s community to purchase vested $CLS tokens at a discount from private investors, should they list their allocations. This allows those who were unable to participate in the project’s private and public sale, or may have only recently discovered the project, to access similar opportunities those who have been aware of the project for a longer period of time have been afforded.
Why Financial NFTs?
Through the Solv Marketplace, ColdStack’s private investors can sell their allocations through NFTs. The release and withdrawal of tokens will be completely automatic based on voucher smart contracts, simplifying the overall process. The CLS Vesting Voucher is an NFT that supports splitting, merging, and partial transfers, allowing investors to list orders on the Solv Marketplace or other NFT marketplaces when needed. CLS Vesting Vouchers representing allocations can be freely transferred on chain. Vouchers represent the right to claim future tokens rather than spot tokens, giving greater flexibility in the sale of vested token allocations. Liquifying these allocated tokens through Solv’s NFT marketplace creates excellent opportunities for both private and retail investors.
Favorable Conditions
Because users can freely sell their Financial NFTs in a number of customizable ways, it removes the need for private investors to “dump” their allocations upon unlocking. Many private investors actually have legal obligations to sell off a certain number of tokens to meet capital requirements, so the ability to sell these tokens through NFTs helps to prevent unfavorable conditions in the overall price action of $CLS from token unlocks. By allowing the disbursement for these allocations and the diversification of holders, we are able to create a much more stable base for retail investors.
Not only does this mean retail investors are able to obtain many more $CLS tokens than if they were to purchase them through typical spot markets, they can also buy $CLS tokens at a significant discount. For the opportunity to sell their private sale allocations through SOLV, private investors will be discounting their vested $CLS tokens to compensate for the fact that most of these tokens will be locked up for a period of time.
Please note, the percentage of discount you would purchase $CLS tokens for is displayed right next to the Solv Voucher, so if you do not see a percentage discount, do not purchase that voucher, as you will obtain no discount.
Additional Information
Solv has easy to follow guides on both their website and Youtube explaining how to purchase their vouchers! Interested users can follow the guide below to lean how to purchase SOLV vouchers if they have any difficulty
How to Puchase Solv Vouchers
How to Purchase Solv Vouchers: Video Tutorial
We have contacted all of our private investors to make them aware of the SOLV claim process.
If you haven’t been contacted regarding claiming a ColdStack Vesting Voucher through Solv, you will likely need to wait to utilize a more traditional smart contract based claim system. This is only for smaller allocations from our private sale round, and does not apply to most users. Please feel free to contact a team member in Telegram or on Twitter if you have any difficulty claiming your voucher NFT.
About ColdStack
ColdStack is a unified protocol which allows for the aggregation of Decentralized Storage Networks (DSNs) such as Filecoin, Sia, and Arweave. ColdStack enables the easy use of these platforms without significant integration efforts, regardless of an individual’s familiarity with DSNs. ColdStack supplies its users with the easiest and most cost-effective way to access storage space from any decentralized cloud.
About Solv
Solv Protocol is the decentralized platform for creating, managing, and trading Financial NFTs. As our first Financial NFT product, Vesting Vouchers are fractionalized NFTs representing lock-up vesting tokens, thus releasing their liquidity and enabling financial scenarios such as fundraising, community building, and token liquidity management for crypto projects.
Follow ColdStack
Official website: https://coldstack.io
Twitter: https://twitter.com/coldstack_io
Telegram: https://t.me/coldstackio
Medium: https://medium.com/coldstack
Follow Solv
Official Website: https://solv.finance/home
Twitter: https://twitter.com/SolvProtocol
Telegram: https://t.me/SolvProtocol
Medium: https://solvprotocol.medium.com/
