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#DeFi News – The latest breaking news and project developments related to Decentralized Finance (DeFi) in the world of Crypto
y00ts is an upcoming collection in the Solana blockchain created by the creators of DeGods.
DeGods is one of the more successful Solana projects by far, trading top 10 on the OpenSea rankings for weeks and becoming a genuine competitor to other bluechip ETH NFT projects.
Frank & co, the team behind DeGods, are very well known inside the community, and with merit, as the team has come up with creative ways to engage its audience and introduce new incentives to invest in their projects while delivering value.
We tried some shit.
We learned some shit.
Now we’re trying some new shit.
Instead of the usual whitelist raffle process, the team behind y00ts and DeGods has introduced a creative scholarship process where individuals apply to join the Whitelist via their official scholarship website. All new members that pass these qualifications are then publicly announced on Twitter on y00tlist’s official account. This is a genius marketing tactic, as most of these posts have been shared thousands of times over social media. While the applications are now closed, the project has enticed some accounts with significant influence in the crypto world to join the project and post all about it on social media. This has accelerated the hype of the project.
According to Magic Eden, the project should mint on Sunday at 2 pm PST, although it may likely be delayed.
The cost of the mint is 375 $DUST, equivalent to $1061.25 according to the current DUST Price on Raydium. There will be 15,000 y000ts, with around 10,000 allocated to DeadGod holders and others hand selected by the team through these “Scholarships.”
y00ts is an NFT collection aiming to provide a “common-sense approach to NFT intellectual property .”It is based on the idea that every project should have its own IP registry to easily track who is approved to be using the NFT’s IP. DeGods is experimenting with this model using y00ts. According to their whitepaper, the following will happen:
As the native NFT token of DeGods, Dust can be generated by staking a DeGod or DeadGod NFT. If you do not have a DeGod NFT, rest assured as there are other ways to purchase Dust in the secondary market.
To purchase Dust, you need to use a Solana decentralized exchange such as Raydium or Jupiter Aggregator.
Firstly you need to connect your Solana Phantom Wallet with the Raydium or Jupiter website, and then you need to input the DUST token address into the “Receive” section.
Confirm the amount of $Dust you wish to receive and voila, you should have it in your wallet.
