OpenStars ✨ 1,000 Stars: NFT Sale Announcement
After a few weeks of intense work since our last announcement, today we are glad to announce that our Darkpaper and first NFT Sale are live! 🥳
✨ Why should you buy your stars now?
From today you have the unique opportunity to become an early adopter and join the OpenStars community by purchasing your very own star.
By design, owning a star is analogous to having real estate that appreciates in value and generates revenue (keep reading for more details).
☝ Official Information
Before going deeper into details, we want to share with the community the official contract addresses, URLs, and other resources, so there is no confusion.
Darkpaper:
👉 OpenStars Darkpaper.pdf
OpenSea Collection:
👉 https://opensea.io/collection/openstars
Contract Code:
👉 https://github.com/openstars-org/nft-contract-deployable
Star Explorer:
👉 https://explorer.openstars.org/
Smart Contract:
👉 0xd389927d33ac5a4c437ce27dda0b1f17cb9ec8d9
📜 Darkpaper
This is the official document that explains every detail of OpenStars, including our vision, tokenomics, roadmap, game dynamics, and much more!
Be sure to read it so you fully understand the value of owning a star NFT.
⛵️ OpenSea Collection
We have put together the first 1,000 stars for sale on OpenSea.
The funds from the sale will go to the treasury that will be administered to fulfill the immediate roadmap milestone: finalize the explorer and deploy our $MATTER token, along with the first proposals for staking and game dynamics.
The final implementations will be decided by DAO voting (to be announced).
📈 Pricing and Value
The pricing model for each star of the first batch of 1,000 stars was carefully designed to reward early adopters in the short and long run.
The price of a star is a function of its luminosity (absolute magnitude), its distance to the sun, and a premium if the star is already named (not many stars have names as scientists realized it would be, literally, an astronomical task 🤯).
The most important factor that determines the price of the star is its luminosity. The luminosity of a star is correlated to the amount of nuclear fusion within the star, which is the process in which lighter atoms are merged into heavier ones. Thus, the star yields more $MATTER.
By providing liquidity and holding a star, you will get a minimum of 5% yield bonus. This bonus increases 1% for each unit of absolute magnitude, reaching a bonus of up to 25% for some of the brightest stars in the universe. Compound it and you will see how profitable it is to own a star!
We have carefully crafted and limited the mathematical formula in a way that more expensive stars yield more revenue without making it anti-competitive for owners of cheaper stars.
The most profitable stars cost 0.175 ETH. If this amount is too large, you can get one for as little as 0.08 ETH. The vast majority of them require an investment of around 0.1 ETH on average.
The price is then rounded to 0.005 ETH.
The distribution of the price of the stars based on absolute magnitude can be seen in the following chart:
🤔 How many stars are going to ever be minted by OpenStars?
Our main objective is to make sure that the NFTs and $MATTER earn value in the long run. This is done via multiple in-game mechanisms and tokenomics.
As the DAO decides that more players are needed in this universe, it can vote to issue more stars. The minting of new stars will be a good event for old holders. When a new star is minted and purchased, part of the funds is used to buyback $MATTER and send it to the Supermassive Blackhole (aka burn), which increases the value of the token for old and new star owners, as they will have the chance to start investing with smaller amounts.
There are billions of stars in the universe. The following graphic shows 22,000 stars from the Hipparcos catalogue (credits to @astronexus). The most common stars are distributed along the Main Sequence. The stars on the top of the graphic have lower Absolute Magnitude, meaning they emit more light, hence, they produce more $MATTER.
📝 Smart Contract
Our ERC721 contract has been carefully crafted and thoroughly tested.
We have designed a novel mechanism to premint the first 1,000 NFTs using an address that acts as a proxy but doesn’t have true ownership of such tokens, only serves as marketplace owner. This way all the tokens can be listed on marketplaces such as OpenSea almost immediately after deployment.
We plan to propose this mechanism as an EIP in the near future.
🏦 Treasury
For the treasury address, we have chosen a 2/3 Multisig Gnosis Safe.
We will look to increase this to 3/5 or 5/7, as the project grows and we add more team members, investors, and advisors to the project.
💪 DAO $MATTERs
The project is its in infancy but we are crafting its foundation as a Decentralized Autonomous Organization. The plan is to migrate the ownership to the DAO after we release our $MATTER token that will be used governance, reward, and game currency token.
More details can be found on our Darkpaper.
👨👩👧👦 Community
Website: https://openstars.org/
Discord: https://discord.gg/x2CuzzsgjK
Telegram: https://t.me/openstarsorg
Github: https://github.com/openstars-org
Join us in the great endeavor of exploring and colonizing the OpenStars!
– OpenStars.org Team
