Unbox.art Launch

A novel curation solution for NFT creators and collectors that also allows batched NFTs conversion to ERC20 tokens solving price discovery, fractionalization and capital efficiency for creative NFTs.

TL/DR Tweet Storm

Launch

Alphadrop (completed)

You can now buy $UBA on Uniswap

14.5% of $UBA

14.5% of the $UBA total token supply will be #Alphadropped on Monday 5th April, 2021. The official timer can be seen on the Unbox.Art and Degen.VC websites. In order to receive the #alphadrop, a user needs to have $DGVC UNI-V2 LP tokens in their wallet.

The $DGVC LP will receive the tokens in proportion to their share of the $DGVC liquidity pool.

Buy $DGVC | Pool $DGVC

Liquid Vault

15% of $UBA

The $UBA Liquid Vault offers a 10–20% LP discount with the ETH fee used according to a programme of parameter changes as in the following sequence:

1. ETH fee buys $UBA from Uniswap, replenishing the LV. The LP discount is 20% (APR = 1,825%). The lock period is 4 days. After 1 day or the first 2% of tokens are consumed (whichever comes second) this will change to;

2. ETH fee is sent to a Hodler Vault where people can send $UBA to get LP. The LP discount is 50% (APR = 1,217%). The lock period is 15 days. After 3 days or 8% of tokens are are consumed (whichever comes second) this will change to;

3. ETH fee buys $UBA from Uniswap, replenishing the LV and this parameter will remain ongoing. The ETH fee will increase meaning the LP discount is 10% (APR = 1,825%). The lock period is 2 days.

To learn more about how Liquid Vault technology works please review this article.

Level up

What is the level up? Degen VC does not fork without a good reason! Degen Labs R&D has been developing a solution to allow minting ERC-20 tokens against batched NFTs for some time. In fact, we are bringing the know-how of 80,000 Ethereum devs to this challenge through specific prizes in our upcoming Gitcoin hackathon. The applications of this innovation are endless. They include UNI v3 liquidity, NFT diamonds e.g. icediamonds, real estate or land, and, of course, creative NFTs.

The blindbox opensource solution delivers the means to bundle curated creative NFTs in “boxes”. Provided each box has the same average $/NFT value an ERC-20 can make the entire portfolio of all boxed NFT contents fungible and therefore tradeable. To achieve this the NFTs are locked on a smart contract. Our system allows ERC-20 holders to buy any NFT from any batch (or in the case of Unbox.Art, locked “box”) by sending ERC-20’s of the required purchase price; the tokens are burned and the NFT is released to the buyer.

The blindbox idea is that collectors will want to take a chance and buy a box of curated NFTs “blind”. The market has given the idea a billion dollar valuation. Unbox levels this up with an ERC-20 token that allows trading of all the underlying assets on exchanges. Traders can buy the smallest fraction of participating boxes or multiple boxes according to their needs just by buying the ERC-20 tokens. Of course, boxes do not need to participate in the ERC-20 programme; they can simply use a similar marketplace to blindboxes model if preferred.

Fork rationale

Let me ask you a question. What do you do when you run Degen VC which is about to launch a project called ARTREX and you see a project with similar goals, an innovative idea and only about 500 lines of open source code and two team members sell 2% of its tokens to the public in an IDO in 2 seconds having sold 19% privately to VCs at $8mm and $12.5mm valuations only for its valuation to reach nearly $1 billion on Uniswap a few days after listing? In other words, degens are paying nearly $10 a token whereas VCs paid $0.08

Yes, we are forking blindboxes.io under the name unbox.art and will alphadrop 15% of the $UBA token supply to the Degenhorde on Monday 5th April. An accelerator vault will launch two days later. We will integrate the blindboxes code into our NFT-ERC20 batching solution in parallel with ARTREX essentially frontrunning an innovative competing idea for which the underlying opensource technology is additive to what ARTREX wants to build. The projects will have enormous synergies because they both aim to tackle curation and financing in the NFT space as some of its major pain points. But Unbox.art also cracks the fungibility of NFTs not to mention price discovery, fractionalization and capital efficiency through its ERC-20 innovation.

How do the tokenomics of the projects compare?

Blindbox.io

100 million $BLES tokens

• Advisors: 4.5%
• Foundation: 5%
• Strategic partnerships CEXs: 4%
• Marketing: 5%
• Team: 10%
• Liquidity: 1%
• Public: 2%
• Seed *: 5%
• Private *: 14%
• Mining pool: 50%

* Their investors are able to unlock tokens prior to launch. An undisclosed percentage can be unlocked subsequently every month and will vest over an undisclosed period of time. There are no team token lock specifics and the team tokens are presumably shared between the two listed team members. The team tokens are currently valued at $100,000,000.

Unbox.art

100 million $UBA tokens

• Alphadrop: 14.5%
• Accelerator vault: 15%
• Dev fund: 20%
• Mining pool: 50%
• Finders bounty: 0.5%

Learn More

Website: https://unbox.art
Telegram: https://t.me/unboxart
Twitter: https://twitter.com/unbox_art