How does it work?
In this section, let's delve into the details of how Stackset works!
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In this section, let's delve into the details of how Stackset works!
Last updated
Was this helpful?
Every month, we launch a new memecoin and kick off a new game where users are encouraged to hunt for free NFTs. After collecting these NFTs, players can trade them to create stacks, which in turn could earn them a share of a substantial reward pool.
Each game evolves through several stages, with different ways for rewards to be earned. If you're familiar with any collection or stack building card game, you'll grasp the concept pretty quickly.
The primary objective in each game is to maximize yield. Players can achieve this by either farming free NFTs and selling them or by building NFT stacks to compete for the game's rewards.
Every game is divided into two Epochs: Generation and Dominance.
Let’s take a look at the first game season, named Stack Gems ($GEM), to understand the process.
Players can purchase $GEM on the market. Each season starts with an instant launch, which means the token is released without any pre-sales. There are no trade cooldowns or vesting periods. A 3% tax applies to both buying and selling the token.
Players are invited to submit a form to create a personalized request for the text that will be placed on their NFT. This option is open to all users. Fill out the NFT design request form.
Twice a week, there will be an NFT giveaway for $GEM holders. The NFTs will be distributed according to the descriptions provided to:
5 randomly chosen people holding $GEM
5 random holders from the top-100 $GEM rich list
10 random new holders who began holding $GEM that week
20 random traders who bought or sold $GEM that week
10 random participants from the Stackset Community Campaign
These NFTs are airdropped, so users don’t need to mint them or pay extra gas fees. They will be released on Zora, with snapshots taken weekly at random times.
Each NFT is unique, featuring attributes requested by community members. Users will receive a random-rarity NFT from the pool. Each NFT will also have an additional rarity attribute: style and color, determining it rarity.
A total of 400 NFTs will be released over the month. Each user can receive a maximum of 3 NFTs per wallet as a result of the airdrop.
When trading begins, the Stackset team will start converting the generated fees into ETH, aiming to maximize the amount. This ETH will later be used to reward users at the end of the Dominance epoch.
The Dominance epoch begins as soon as the first NFTs are airdropped.
This marks the point where NFTs can be traded on the secondary market. Players might opt to sell their NFTs for profit on Opensea or build stacks (NFTs of the same color) to vie for the main reward.
50% of the ETH accumulated by the protocol from trading taxes will be distributed to users who successfully build stacks. The rarity of the NFTs plays a crucial role in determining the payout.
To form a stack, users must collect at least 2 NFTs of the same color. The rarer the color, the larger the reward for forming stacks.
There are 10 NFT colors (and thus rarity tiers) available. There are no limits on the number of NFTs that can be in each stack.
