Hello Utility

Tudor Holotescu
HeadStarterOrg
Published in
6 min readJun 29, 2022

Introducing the HeadStarter utility NFTs

The now renowned hashtag #HelloUtility doesn’t solely apply to our Hedera native $HST token nor to the intrinsic functions built-in to HeadStarter IDOs for the $HBAR cryptocurrency but also to all HeadStarter NFTs.

As HeadStarter’s TGE draws closer, the utility NFT collections will spring to life inside the HeadStarter dApp highlighting yet another dimension to our Launchpad’s versatility for supporting web3 startups that now can appeal to an ever-wider spectrum of projects and communities.

The HeadStarter utility NFTs add a new flavor to IDO game theory as holding such an NFT in your wallet in conjunction with the $HST token will improve or even guarantee user’s chances to participate in upcoming IDOs on HeadStarter.

3 types of Utility NFTs with intrinsic value on the HeadStarter platform

Attainable NFTs

The HeadStarter NFT sale functionality is activated on the dApp and is leveraging HSCS & HTS.
Available NFTs may be purchased using the HashPack wallet integration through the HeadStarter dApp and on affiliate marketplaces. They may thereafter also be traded on secondary markets.
Owners of these NFTs can choose to remove them from circulation by sending them to the burn address and they will be compensated with HST tokens.

  1. HeadStarter Exclusive Coin - 0.0.1041134

Purchase price ~$1,600 in $HBAR - Sold OUT on HeadStarter dApp
Mint supply: 10 (1 NFT in HeadStarter reserves)

Utility:
- guaranteed allocations to all upcoming HeadStarter IDOs
- boosted lock-up reward incentives(for single sided staking)
- Burnable for 160,000 HST (50% - 80,000 HST airdropped on July 14th, 50% airdropped January 14th 2023)
- DAO voting multiplier (highest)
- Priority in raising governance proposals
- more utility to be announced

2. HeadStarter Gold Coin - 0.0.1041132

Purchase price ~$800 in $HBAR - Sold OUT on HeadStarter dApp
Mint supply: 50 (2 NFTs in HeadStarter reserves)

Utility:
- 2.5x boosted IDO lottery entries
- boosted lock-up reward incentives(for single sided staking)
- Burnable for 80,000 HST (50% - 40,000 HST airdropped on July 14th, 50% airdropped January 14th 2023)
- DAO voting multiplier (mid)
- more utility to be announced

3. HeadStarter Silver Coin - 0.0.1041130

Purchase price ~$400 in $HBAR - Sold OUT on HeadStarter dApp
Mint supply: 100 (4 NFTs in HeadStarter reserves)

Utility:
- 2x boosted IDO lottery entries
- boosted lock-up reward incentives(for single sided staking)
- Burnable for 40,000 HST (50% - 20,000 HST airdropped on July 14th, 50% airdropped January 14th 2023)
- DAO voting multiplier (mid)
- more utility to be announced

4. HeadStarter Bronze Coin - 0.0.1032592

Purchase price ~$200 in $HBAR - Available for sale on Zuse Launchpad
Mint supply: 200 (8 NFTs in HeadStarter reserves)

Utility:
- 1.5x boosted IDO lottery entries
- boosted lock-up reward incentives(for single sided staking)
- Burnable for 20,000 HST (50% - 10,000 HST airdropped on July 14th, 50% airdropped January 14th 2023)
- DAO voting multiplier (mid)
- more utility to be announced

Rolling out the Burn!

The Burn mechanism functionality will be rolled out in 2 stages:
1. Manual Soft Burn:
- Holders who will be sending their NFT to 0.0.1041055 before July 13th 2022 will be airdropped HST tokens in 2 batches, July 14th & January 14th 2023, as per the respective specifications of each coin. Please make sure $HST Token 0.0.968069 is associated.
2. Automated Hard Burn:(Coming soon)
- Holders will be able to burn NFTs inside the HeadStarter dApp through a new functionality. This enables burning the NFT at any time and receiving the respective due amount of HST tokens simultaneously, with the remaining 50% allocation after 6 months from the event.
- Replacing the designated Soft Burn address with a Smart contract.

Note:
NFTs that have been Attainable during HeadStarter promotional campaigns such as competitions and giveaways (there is one giveaway still active) can also be burned at anytime resulting in the same vesting periods from burn date. For those HeadStarter Gold and Silver Coins with a deprecated addresses 0.0.982413 & 0.0.788792 respectively, their holders are kindly invited to DM us on our twitter @HeadStarterOrg and we’ll swap your NFT(s) with the equivalent one(s). We apologize for the inconvenience!

VVIP NFTs

HeadStarter is rooted in the community and as a token of appreciation to our early supporters we are releasing the HeadStarter VVIP cards. These cards come in two flavors:

  1. The HeadStarter Select OG card - 0.0.1066452 - Minted 69 - List of recipients

The card NFT will be airdropped to:
- All participants in the HeadStarter IDO Round 1 who secured maximum allocation - 41 eligible;
- 20 participants in the HeadStarter IDO Round 2 who secured maximum allocation(subject to draw if amount exceeds 20, no duplicate emissions) - 12 eligible;
- 10 participants in the HeadStarter Main IDO who secured maximum allocation(subject to draw if amount exceeds 10 + 8 reallocated from Round 2, no duplicate emissions) -12 eligible;
- IRL contacts who received the physical card and performed social tasks - 4 eligible.

Utility:
- 2x boosted IDO lottery entries
- boosted lock-up reward incentives(for single sided staking)
- Proportionally share 1.25M $HST tokens(vested as per advisors pool schedule)
- Access to HeadStarter Select OG private channel
- Participation in quarterly HeadStarter Select OG Advisory call
- Not burnable
- DAO voting multiplier (mid)
- and more…

2. The HeadStarter Legacy OG card - 0.0.1066450 - Minted 17

The card NFT will be airdropped to:
- Participants in all 3 Rounds of HeadStarter IDOs who secured a Minimum of 250,000 HST tokens across rounds.

Utility:
- guaranteed allocations to all upcoming HeadStarter IDOs
- boosted lock-up reward incentives(for single sided staking)
- Proportionally share 1.25M $HST tokens(vested as per advisors pool schedule)
- Access to HeadStarter Legacy OG private channel
- Participation in monthly HeadStarter Legacy OG Advisory call
- Not burnable
- DAO voting multiplier (highest)
- Priority in raising governance proposals
- and more…

Promotional NFTs

The NFTs launched through promotional campaigns by HeadStarter in partnership with promotional / collaborative NFTs will be eligible for airdrops in $HST proportional to their purchasing price. These NFTs are:

  1. LSH X HeadStarter
    - Gold Crawford - purchase price ~1,500ℏ
    - Silver Crawford - purchase price ~ 800ℏ
  2. Koala Klub x HeadStarter NFT - auction price 18,000ℏ

The read till the end Easter egg:
These are not the last airdrops of $HST tokens. We are also recognizing Hedera DeFi OGs and appreciate their intrinsic role as early ecosystem enablers. 🪂 incoming!
📸 taken! Friday, July 22nd @ 11:30 GMT
Congrats to the eligible $HBARX & Saucer NFT holders, you are the true Hedera DeFi OGs 👵👴

Note:
Perpetual utility applies only in conjunction with HST token holdings criteria defined ahead of the upcoming IDOs
The HeadStarter team reserves the right to issue more utility NFTs in the future.

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