The Lottery And Auction For Gen 0 Node NFTs Are Now Open!
What a fantastic day! It is here! You can now stake your STACK tokens in the Lottery and Auction to have a chance to get one or more of the 100 limited Gen0 Node NFTs. After reading this article, you will know the difference between the Lottery & Auction, how many STACK tokens to stake for each Lottery ticket, and when the Auction will be completed.
Lottery
Through the Lottery, we want to give anyone a shot at winning the rare StackOS Gen0 Node NFT which comes with a Dark matter NFT. How does it work? Simply get 35,000 STACK tokens on the Polygon chain and go to https://mint.stackos.io/ and stake. You can get multiple tickets which increases your chance of winning a spot!
If you win a Node NFT through the lottery, your STACK will be automatically sent to the payment address and you will receive the Gen0 Node NFT in your wallet.
If you don’t win a Node NFT, you can choose to remain staked and mint Node NFTs of higher generations with a rebate of 20%. You can also decide to unstake and do with your STACK tokens as you wish.
We want to stress that you don’t lose your STACK tokens if you don’t win in the Lottery. During the lottery, you can’t unstake your STACK.
Auction
In the Auction, there will be an epic bid battle for the highly coveted Genesis Node NFTs! Simply make sure you place the highest bid to win one of the 20 Node NFTs distributed through the Auction.
The Auction will be closed at a random date and time within two weeks; Monday the 21st of March. This gives everyone the opportunity to stake their STACK for the Lottery if they did not win in the Auction.
The Lottery will end at a random time and date after the Auction is finished.
We want to stress that you don’t lose your STACK tokens if you don’t win in the Auction.
How to — Walkthrough
Lottery
To get started, bridge your STACK tokens over to the Polygon network or buy STACK through DFYN on the Polygon chain.
When you have your STACK tokens on Polygon in your Metamask wallet, go to https://mint.stackos.io/
Here you need to connect your Metamask wallet, make sure you are on Polygon!
Now that your Metamask is connected it is time to buy Tickets. The more tickets you buy by staking your STACK the higher your chance to win a Gen0 Node NFT.
Click the ‘Buy Ticket’ button. Remember, you don’t lose your STACK if you don’t win. You can use the tickets to mint higher generation Node NFTs at a rebate of 20% or simply return the tokens to your wallet.
Now a Metamask window will appear. Click on ‘Approve’. After this is done a Metamask window asking for permission to send your STACK for a ticket will pop up. Click on ‘Confirm’ to buy your Ticket(s).
After the Lottery is completed you need to click on the ‘Tickets’ section. Here you have three options:
- Claim NFTs: If you have won Gen0 Node NFTs in the Lottery, you will be able to claim them through this button by exchanging your winning ticket(s).
- Return Stake: The tickets that did not qualify for a Node NFT represent the STACK tokens you spent on getting the tickets. You can decide to get your STACK back into your wallet or exchange the tickets for higher generation Node NFTs at a 20% rebate.
3. Transfer Tickets: For this example, a ticket is worth 35,000 STACK tokens. You can select how many tickets you want to exchange for Node NFTs with a 20% rebate. This results in $160 worth of STACK per Node NFT. If a ticket of 35,000 STACK is worth $3k in STACK you will be able to mint 18 Node NFTs.
There is a mint limit of 50 per transaction. So it will work if you exchange 2 tickets for 36 Node NFTs, but if you exchange 3 tickets, 50 Node NFTs will be minted but what is left in STACK will be sent to your wallet.
So if you have 10 tickets and want to exchange all of them for Node NFTs, make sure you exchange 2 tickets at a time. Make sure to do these calculations with the STACK price at this time.
Auction
To get started, bridge your STACK tokens over to the Polygon network or buy STACK through DFYN on the Polygon chain.
When you have your STACK tokens on Polygon in your Metamask wallet, go to https://mint.stackos.io/
Here you need to connect your Metamask wallet, make sure you are on Polygon!
In the Auction, the top 20 bidders will win a Gen0 Node NFT.
You can participate in the Auction by clicking on the ‘Auction’ tab.
Fill in the number of STACK you want to place a bid with and click on the ‘Submit’ button. Once clicked, a Metamask window will appear asking you to approve you want to spend the STACK tokens. Click on ‘Approve’ and wait until the transaction is done. When completed, a window will appear asking you to confirm you want to place the bid. Click on the ‘Confirm’ button.
Congratulations! You now placed a bid and are in the races to be the proud owner of a Gen0 node NFT!
When you are outbid and move to the 21st spot, your STACK tokens will automatically be returned to your wallet. Once your bid is placed and you are in the top 20, you can’t cancel the bid and place it lower.
About StackOS
StackOS is a cross-chain open protocol that allows individuals and organizations to share their computing resources and collectively offer a decentralized cloud; where developers around the world can deploy any full-stack application, decentralized app, blockchain private nets, and main net nodes.
We aim to provide the world with “The Unstoppable Infrastructure Protocol”, which will allow any person across the world to deploy their application without incurring heavy cloud management costs and freely run any application they wish to run. StackOS furthermore intends to help brick and mortar businesses around the globe, to go online cost-effectively and securely with minimal technical overhead.
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