NFTb Membership Model

NFTb is focused on creating opportunities for users to engage with our ecosystem. As a valued NFTb Member, you receive access to unique benefits and features. Our new Membership Model is designed to reward NFTb supporters by providing them with increased benefits for staking a greater amount $NFTB tokens. The previous Tiers staking system (T1, T2, T3) will be retired for a new Membership Model.

1. New Members Model

• Community Supporter
  - Stake: 1 $NFTB
  - Withdrawal Time: 7 Days
  - APY: 10%
  - Allocation size: Varies
• Bronze Membership
  - Stake: 20,000 $NFTB (previously Tier 1)
  - Withdrawal Time: 7 Days
  - APY: 10%
  - Allocation size: 1x Allocation
  - Governance: 20 Votes
  - Access to Learn & Earn
• Silver Membership
  - Stake: 37,500 $NFTB (previously Tier 2)
  - Withdrawal Time: 7 Days
  - APY: 10%
  - Allocation size: 1.75x Allocation
  - Governance: 50 Votes
  - Access to Learn & Earn
• Gold Membership
  - Stake: 50,000 $NFTB (previously Tier 3)
  - Withdrawal Time: 7 Days
  - APY: 10%
  - Allocation size: 4x Allocation
  - Governance: 150 Votes
  - Access to Learn & Earn
  - Access to NFTb Launch - Private
  - Access to NFTb Launch - Reserve
• Platinum Membership
  - Stake: 100,000 $NFTB
  - Withdrawal Time: 7 Days
  - APY: 10%
  - Allocation size: 5.5x Allocation
  - Governance: 500 Votes
  - Access to Learn & Earn
  - Access to NFTb Launch - Private
  - Access to NFTb Launch - Reserve
  - Guaranteed Allocation in Private Pool

To incentivize users for participating in NFTb Launchpad project launches, $NFTB stakers will also receive extra APY for staking. Users can choose to unstake at any time. However, a withdrawal time of 7 days applies. I.e. when you choose to unstake, you will need to wait 7 days to claim tokens.

NOTE: Once your staked amount reaches the threshold for the next membership tier threshold, your membership will be automatically upgraded to access benefits of the next tier.

Key takeaways from the table:

• The new Membership levels were designed to be inclusive to all token holders, with a lower barrier to access the Bronze and Silver memberships
• Large token holders are incentivized to stake into the higher membership levels, which yield greater opportunities to score rarer NFTs and access a larger amount of project tokens.
• Users can only choose to stake in 1 Membership level at a time. If you have staked in the highest Platinum membership, you will be eligible for drops in all tiers (for INOs).

2. Launchpad

NFTb Launchpad is the first of its kind NFT Launchpad created to help projects and creators accelerate and mitigate the risk of launching their NFTs or tokens in a way that is fair for all.

With the NFTb Launchpad, creators and projects can build on early community support through INOs or IDOs, giving them a unique opportunity to lower the risk of entry for creating resource-intensive NFT projects.

Each INO or IDO offers unique, different kinds and rare in-game NFTs or project tokens. Compared to other marketplaces, all NFTs offered on NFTb Launchpad will have additional benefits such as discounts, perks, and token bundling.

NFTb Launchpad uses a fixed staking system based on staked $NFTB tokens in the Membership Model. By staking in NFTb’s Membership Model, during a project’s launch period, users will be automatically whitelisted into their sale.

Platinum Members will be given a Guaranteed Allocation in the Private Pool. Users will have the entire duration of the Private Pool (1 hour) to participate in the IDO. Any unclaimed allocations will be made available in the Public Pool.

3. Introducing NFTb Private and NFTb Reserve

On rare occasions where project partners have specific needs and objectives, NFTb Private and NFTb Reserve will be implemented to assist projects to engage with NFTb’ s community, other than an IDO or INO.

a) NFTb Private

NFTb Private is essentially a Private Sale, that enables the project‘s teams to leverage NFTb’s most loyal community members leading up to their IDO at a later stage. The project’s Private Sale usually occurs prior to an IDO (Public round) and is offered to supporters who are able to bring value to some early-stage projects.

NFTb Private is available for Gold & Platinum Members only. Unsold tokens from NFTb Private sale will not be released to other membership levels.

Please note: Compared to Public Sales (IDO Round), the terms for participants (token offer price, vesting schedules, etc) participating in Private Sales are often different. Users who participate in the Private Sale will often also need to contribute funds much earlier compared to IDO participants and will need to wait longer in order to trade their tokens.

b) NFTb Reserve

NFTb Reserve grants access to very limited and exclusive NFT sales opportunities to NFTb’s Gold & Platinum Members. NFTb Reserve enables project partners to get rare NFTs into the hands of NFTb’s members who are active in the NFT community.

NFTb Reserve is available for Gold & Platinum Members only. Unsold NFTs from NFTb Reserve sale will not be made available to the public or other membership levels if left unsold.

4. NFTb Learn & Earn — Be Rewarded by Learning about Web3

The NFTb Learn and Earn campaign is an educational initiative that seeks to connect NFT projects with the savvy NFTb Marketplace users and the wider community. The team has partnered with emerging crypto and NFT projects to offer an easy way to learn about the project and its products, whilst being rewarded with a portion of their crypto assets and rare NFTs.

All NFTb Members (Bronze, Silver, Gold, Platinum) will have access to Learn and Earn campaigns.

5. Governance — Have your say in the future of the NFTb Ecosystem

The upcoming Governance feature enables our community to vote on decisions that influence an ecosystem. NFTb Members can participate in the governance of NFTb by directly voting on proposals.

The Governance Portal is currently being tested. More information will be released shortly.

About NFTb

NFTb is the Complete Multi-chain DeFi and NFT platform for Communities. Our mission is to help creators get comfortable and love using DeFi dApps.

NFTb offers a premium NFT marketplace where users can access buyers from anywhere around the world and multi-chains, a DeFi platform giving users access to yield farming opportunities and a launchpad created to help creators and projects to build early support.

NFTb is backed by the Binance Accelerator Fund, Rarestone Capital and Spark Digital Capital.

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NFTb Membership Model was originally published in NFTb on Medium, where people are continuing the conversation by highlighting and responding to this story.