Implementation of DAO voting proposal #13: pBTC-on-BSC compensation plan

Implementation of DAO voting proposal #13: pBTC-on-BSC compensation plan

As approved in the pNetwork DAO voting proposal #13 (view on Aragon), the DAO plans to recoup the value lost by pBTC-on-BSC holders affected by the recent hack via the 2-steps process (NFT sale + partial redirection of DAO member rewards) described in the Proposal 1 (rev0.6).

Timeline

STEP 1

Monday November 15th, 2021 5pm UTC - NFT Pre-sale applications open (24 hours)

Tuesday November 16th, 2021 5pm UTC - NFT Pre-sale applications close

Wednesday November 17th, 2021 5pm UTC - List of whitelisted NFT Pre-sale participants is published - whitelisted NFT Pre-sale participants must both join the “Compensation plan Enrollment Platform” and send their pBTC-on-BSC payment (48 hours)

Friday November 19th, 2021 5pm UTC - NFT Pre-sale closes

Monday November 22nd, 2021 - List of NFT Pre-sale confirmed participants is published

Tuesday November 30th, 2021 - Pre-sale NFT drop

STEP 2

Monday November 22nd, 2021 - the “Compensation plan Enrollment Platform” opens for everyone

Monday November 22nd, 2021 - Step 2, claim 1 opens

5pm UTC time converter: 5pm GMT (United Kingdom) / 6pm CET (Central Europe) / 12pm ET (US East Coast) / 9am PT (US West Coast) / 1am (next day) HKT (Hong Kong)

Implementation details

pBTC-on-BSC holders can decide their preferred configuration to recoup value.

The NFT Pre-sale is fully optional, but it gives the opportunity for anyone holding less than 4.34 pBTC-on-BSC to potentially fully exit their position immediately.

Examples of possible scenarios for pBTC-on-BSC holders:

  • exit their pBTC-on-BSC position in-full via the NFT Pre-sale (up to 4.34 pBTC-on-BSC)
  • exit their pBTC-on-BSC position in-full via Step 1 proceedings + Step 2
  • exit their pBTC-on-BSC position in part via the NFT Pre-sale (up to 4.34 pBTC-on-BSC) + via Step 1 proceedings + Step 2

NFT Pre-sale

Who is eligible: pBTC-on-BSC holders

How to participate: pBTC-on-BSC holders willing to participate in the NFT Pre-sale need to follow the instructions below:

November 15th, 2021 - Submit your application for the NFT Pre-sale.

Applications will be open for 24 hours and the allocation (up to 3,000 NFTs) is available on a first come, first served basis. A dedicated topic will be opened on the pNetwork forum to submit applications. When applying please specify your BSC address (holding your pBTC-on-BSC that will be needed for claiming the NFTs) and the amount of pBTC-on-BSC you want to join with (needs to be a multiple of 0.01 pBTC-on-BSC).

Note that there is a cap of 4.34 pBTC-on-BSC (approx 200k USD of countervalue at the time of attack) per address. The anti-sniping rules outlined in the compensation plan apply.

It is correct to assume that pBTC-on-BSC holders with a stake lower than $ 200k can participate in the NFT Pre-sale with their entire pBTC-on-BSC amount and exit their pBTC-on-BSC position in-full in the shortest period of time.

November 17th, 18th and 19th, 2021 - Enroll in the compensation plan.
If you are in the “NFT Pre-sale participants list”, it means that your application was successful. You now need to enroll in the compensation plan within 48 hours - a dedicated web-page will be available for this.

November 17th, 18th and 19th, 2021 - NFT Pre-sale payment.
If you are in the “NFT Pre-sale participants list” and you have enrolled in the compensation plan, it means you are now ready to participate in the NFT Pre-sale payment. At this stage, you are required to pay for your NFTs by sending the corresponding amount of pBTC-on-BSC tokens. The “NFT Pre-sale participants list” will specify the amount of pBTC-on-BSC tokens your submitted BSC address (the one you had submitted in the application phase) will need to send to complete your claim.

NFT Pre-sale closes Friday November 19th, 2021 5pm UTC.

November 22nd, 2021 - Check the list of NFT Pre-sale confirmed participants.

If you are in the “NFT Pre-sale confirmed participants list”, it means that you have successfully applied, enrolled and sent the relevant amount of pBTC-on-BSC tokens for the claim. You are now part of the pre-sale NFT drop.

If you were on the “NFT Pre-sale participants list” but are not in the “NFT Pre-sale confirmed participants list” you are not eligible to receive the NFTs as you have either not enrolled or paid within the given time frame.

November 30th, 2021 - Pre-sale NFT drop.

BSC addresses in the “NFT Pre-sale confirmed participants list” will receive their relevant NFTs. These NFTs will be time-locked as NFTs (more details on the NFT Sale and reveal to follow), but can be potentially redeemed for the contained PNTs straight away. You can decide whether to extract the full potential of the NFTs (EidooCard airdrop + “upside” references within the compensation plan) or to redeem the contained PNTs.

NFT Pre-sale discounted price: $ 460.00 (0.01 pBTC-on-BSC for each NFT)

NFT Pre-sale limits: min 0.01 pBTC-on-BSC, max 4.34 pBTC-on-BSC. pBTC-on-BSC holders can participate with multiples of 0.01 pBTC-on-BSC.

Important note for submitting applications: Make sure you have everything ready forum-wise as the NFT Pre-sale allocation is on a first come, first served basis. For example, make sure that you are able to reply to forum topics and you do not require any kinds of approval from Discourse. To make sure, here is a test topic you can try to reply to.

Important note for NFT Pre-sale participants: When claiming your NFTs, you are required to send the corresponding amount of pBTC-on-BSC tokens. Those are burned and removed from the pBTC-on-BSC circulating supply. This implies that:

  • pBTC-on-BSC holders with a stake lower than $ 200k can participate in the NFT Pre-sale with their entire pBTC-on-BSC amount and exit their pBTC-on-BSC position in-full in the shortest period of time

  • the pBTC-on-BSC tokens used for the NFT Pre-sale will not be eligible for further Step 1 proceedings and Step 2 claims. If you didn’t use your entire amount of pBTC-on-BSC tokens for the Pre-sale, you will be able to use the remaining part for further claims.

Step 1 proceedings and Step 2

Who is eligible: pBTC-on-BSC holders

How to participate: pBTC-on-BSC holders willing to participate in the claims for Step 1 proceedings (coming from the NFT Sale) and Step 2 need to follow the instructions below:

From November 22nd, 2021 - Enroll in the compensation plan.

To be able to claim either the Step 1 proceedings or Step 2 or both, you now need to enroll in the compensation plan - a dedicated web-page will be available for this. Please note that if you fail to enroll you will not be eligible to proceed claiming the compensation of the above-mentioned steps. The enrollment platform will be open for 10 months.

November 22nd, 2021 - Claim the first tranche of Step 2.

If you have enrolled in the compensation plan, it means you are now ready to participate to Step 2. At this stage, you are required to claim your first tranche of Step 2 by sending your corresponding amount of pBTC-on-BSC tokens. A dedicated web-page will be available for this and it will specify the amount of pBTC-on-BSC tokens your BSC address will need to send to complete your claim.

More details on the NFT Sale (and Step 1 proceedings) and NFT reveal to follow.


Appendix 1: math to derive the NFT price in pBTC-on-BSC based on the principles outlined in the compensation plan

Step 0 reimbursed $1660.65 for each pBTC-on-BSC, so for the scope of the rest of compensation plan execution the residual price of each pBTC-on-BSC is of 47700-1660.65= $46,039.35

Each NFT during the pre-sale phase is priced at 460/46039.35= 0.01 pBTC-on-BSC

pBTC-on-BSC holders can buy pre-sale NFTs (during the pre-sale phase) with multiples of 0.01 pBTC-on-BSC, up to 434 NFTs each (at the total price of 4.34 pBTC-on-BSC, which is equivalent to the $200,000 USD capping described in the anti-sniping slide of the compensation plan).

Implementation of DAO voting proposal #13: NFT Pre-sale participants list and how to complete the Pre-sale

Applications for the NFT Pre-sale have been reviewed.
List of NFT Pre-sale participants: NFT Pre-sale participants list available here

If you are in the “NFT Pre-sale participants list”, it means that your application was successful. You now need to enroll in the compensation plan and send the pBTC-on-BSC payment within 48 hours.

Who is eligible for the NFT Pre-sale: BSC addresses listed in the “NFT Pre-sale participants list” that complete both the enrollment and the pBTC-on-BSC payment within 48 hours.

If you are listed in the “NFT Pre-sale participants list” but fail to complete either the enrollment or the payment or both within 48 hours, you will lose your spot in the NFT Pre-sale which may be granted to the runner up addresses (following the priority rules previously defined).

How to enroll: A dedicated enrollment web-page is available here

The enrollment web-page requires you to send a transaction to cryptographically sign the declaration. Please note this is not the pBTC-on-BSC payment, but rather just a signing transaction.
Once you have enrolled in the compensation plan, you are ready to participate in the NFT Pre-sale payment.

How to participate in the NFT Pre-sale payment: At this stage, you are required to pay for your NFTs by sending the corresponding amount of pBTC-on-BSC tokens. The “NFT Pre-sale participants list” will specify the amount of pBTC-on-BSC tokens your submitted BSC address (the one you had submitted in the application phase) will need to send to complete the pre-sale. Please send the exact amount.

Where to send the payment: 0x434d7b8f0DB80320bf175b071d2931e43156A817
Please send the pBTC-on-BSC payment within 48 hours.

Important note: pBTC-on-BSC tokens received from addresses that are not in the “NFT Pre-sale participants list” or that have not enrolled will not be considered part of the NFT Pre-sale.
Please only send the pBTC-on-BSC amount specified in the “NFT Pre-sale participants list”. Any extra amounts received will not be considered part of the NFT Pre-sale and may result in funds loss.

Transactions recap: You will need to send two transactions, specifically:

  • one transaction to sign the declaration (this is done via the enrollment platform)
  • one transaction to send the pBTC-on-BSC tokens you are participating in the NFT Pre-sale with

Both transactions need to be sent within the 48 hours window in order for the NFT Pre-sale allocation to be granted.

NFT Pre-sale closes Friday November 19th, 2021 5pm UTC.


Recap of actions to be taken by Friday November 19th, 2021 5pm UTC:

Addresses pBTC to be sent
0xb7a5e607c135c541368414026a95253B75DB430f must sign the declaration and send exactly 0.56 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x2E4e1d1586288eBdbb9FC9FB5d87c51Da573c6d8 must sign the declaration and send exactly 3.34 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x1E297D40a1f3b1F76C5C99F6C4B4F4E6De1f7075 must sign the declaration and send exactly 2.86 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x7cADA4c14d8Bc99B648409D0f9d1d87eA79a4D29 must sign the declaration and send exactly 0.4 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0xE3EC898C04EBf1b95b82de6340fD208771679812 must sign the declaration and send exactly 0.45 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0xf2037dC207AAB54144c66b3Fe53dE2F6E99240F0 must sign the declaration and send exactly 0.1 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x03EB4341ED822a037298710B3001438D9b66570a must sign the declaration and send exactly 0.2 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x8971339ec48877b0372aB9B46E63A424D5c1182C must sign the declaration and send exactly 4.34 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x2880a6bb2cD1DF6E03dC8BbFBEd009DE586c2603 must sign the declaration and send exactly 0.39 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x275Ea8FF7B694C27d95788B0ebEF3D7A06039916 must sign the declaration and send exactly 1 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x3bfa6f50a67e775a5ff206ac7f2d5ebebb340d7f must sign the declaration and send exactly 0.05 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0xCD662df92C282891c92a2a76396c52CC214Ce449 must sign the declaration and send exactly 0.04 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x3dAC176054460E9d78912873f33b96F1a818a465 must sign the declaration and send exactly 0.1 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0xec7C185054F422333884E23521DefC5731Fb4cCD must sign the declaration and send exactly 4.34 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x7116c3FD66b20e35d177a2F56507f2D4cBdfA4ba must sign the declaration and send exactly 4.34 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x9DCf2C97D88Bb1e69fF6aDCAC15F2A2Acc7C9070 must sign the declaration and send exactly 0.34 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0xa9eAEF87c01B4C46a691862c7Ba94401394B8B9c must sign the declaration and send exactly 0.09 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x8ca867eD1778939Faf556812c5e80F36B9693901 must sign the declaration and send exactly 0.66 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x660a673a81Ef0e9905604787FCEF2936BC4AbEaA must sign the declaration and send exactly 0.03 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0xa379A4c645FB06d749FeA6ecF4eB6Ca75670DE6b must sign the declaration and send exactly 1.54 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x9731803bD5Ff958A396f9Ac748410E7ea5794e28 must sign the declaration and send exactly 0.5 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x033712F9489e2531B77c714D6c24873ecc87f775 must sign the declaration and send exactly 1.42 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0xF991Ea214bdd5dad8333bCE9d994926fA86AD11c must sign the declaration and send exactly 0.22 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x7367c4Fefae8633e07E80CE64fe1b19d52184640 must sign the declaration and send exactly 2.1 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x345E3F10387C135B0A4441695fF34952CE7B7054 must sign the declaration and send exactly 0.42 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817
0x4BAd2833c44424423518194F07C4917BE28D7363 must sign the declaration and send exactly 0.17 pBTC-on-BSC to 0x434d7b8f0DB80320bf175b071d2931e43156A817

Please note that:

  • because the pre-sale was oversubscribed, the anti-sniping rules were applied. This means that addresses that were part of Step 0 got priority over other addresses for the amount of pBTC (or pBTC normalized amount of BTCEPS) held at Step 0 (capped at a maximum of 4.34 pBTC-on-BSC)
  • because the capping of the Pre-sale is 3000 NFTs, the last address making it into the list was assigned an amount of NFTs capped at the 3000 maximum

For more details, please refer to the NFT Pre-sale participants list here.

Implementation of DAO voting proposal #13: NFT Pre-sale confirmed participants list and 2nd round participants

Enrollment and payment for the NFT Pre-sale have been reviewed.
List of NFT Pre-sale confirmed participants: NFT Pre-sale confirmed participants list available here

If you are in the “NFT Pre-sale confirmed participants list”, it means that you have successfully applied, enrolled and sent the relevant amount of pBTC-on-BSC tokens for the claim. You are now part of the pre-sale NFT drop.

If you were on the “NFT Pre-sale participants list” but are not in the “NFT Pre-sale confirmed participants list” you are not eligible to receive the NFTs as you have either not enrolled or paid within the given time frame.

Pre-sale NFT drop

Who is eligible: BSC addresses in the “NFT Pre-sale confirmed participants list”.

How to participate: Eligible BSC addresses will receive their relevant NFTs (based on the amount of pBTC-on-BSC they have joined the pre-sale with). These NFTs will be time-locked as NFTs (more details on the NFT Sale and reveal to follow), but can be potentially redeemed for the contained PNTs straight away. You can decide whether to extract the full potential of the NFTs (EidooCard airdrop + “upside” references within the compensation plan) or to redeem the contained PNTs.

2nd round NFT Pre-sale participants

Important: Due to one address not completing the Pre-sale, 39 Pre-sale NFTs are being reallocated to the next in line NFT Pre-sale application addresses (following the same NFT Pre-sale application rules).

Who is eligible: 2nd round NFT Pre-sale participants list

How to participate: If you are in the 2nd round NFT Pre-sale participants list, it means that your application was successful (due to one address in the 1st round not completing the pre-sale, you are now an eligible participant). You now need to enroll in the compensation plan and send the pBTC-on-BSC payment within 48 hours.

How to enroll: A dedicated enrollment web-page is available here

The enrollment web-page requires you to send a transaction to cryptographically sign the declaration. Please note this is not the pBTC-on-BSC payment, but rather just a signing transaction.

Once you have enrolled in the compensation plan, you are ready to participate in the NFT Pre-sale payment.

How to participate in the NFT Pre-sale payment: At this stage, you are required to pay for your NFTs by sending the corresponding amount of pBTC-on-BSC tokens. The “2nd round NFT Pre-sale participants list” specifies the amount of pBTC-on-BSC tokens your submitted BSC address (the one you had submitted in the application phase) will need to send to complete the pre-sale. Please send the exact amount.

Where to send the payment: 0x434d7b8f0DB80320bf175b071d2931e43156A817
Please send the pBTC-on-BSC payment within 48 hours.

The same rules of the 1st round apply.

Implementation of DAO voting proposal #13: Step 2 start

Who is eligible: pBTC-on-BSC holders

How to participate: pBTC-on-BSC holders willing to participate in the claims for Step 2 need to enroll in the compensation plan and claim Step 2 compensation.

Enrollment

The enrollment page is available starting today (November 22nd, 2021).

How to enroll: A dedicated enrollment web-page is available here

The enrollment web-page requires you to send a transaction to cryptographically sign the declaration. Please note this is not the claim of Step 2, but rather just a signing transaction.

Once you have enrolled in the compensation plan, you are ready to participate in the Step 2 claims.

Please note that if you fail to enroll you will not be eligible to proceed claiming the compensation of the above-mentioned step. The enrollment platform will be open for 10 months.

One-off enrollment: You are required to enroll only the first time you claim. If you have already enrolled as part of the NFT Pre-sale, there is no need for you to enroll again. If you haven’t enrolled yet, this enrollment will be valid for Claim 2.1 as well as future claims.

Step 2 compensation

The compensation amount of Step 2 is distributed over 10 non-consecutive months (it may be completed at an earlier date if the pNetwork DAO deems the market conditions appropriate for bigger repayments or it may be completed at a later date if the PNT downtrend protection mechanism kicks in) and it is claimable in multiple tranches.

What is Claim 2.1: The first distribution of Step 2 is referred to as Step 2, Claim 1 (in short, “Claim 2.1”).

What is Snapshot 2.1: A snapshot of the addresses holding pBTC-on-BSC will be taken before each Step 2 distribution. The snapshot for the first distribution is referred to as Step 2, Snapshot 1 (in short, “Snapshot 2.1”).

Who is eligible for Claim 2.1: pBTC-on-BSC holders that are part of Snapshot 2.1 and that have enrolled. Each address is eligible with an amount proportional to the address’s pBTC-on-BSC holdings at the time of Snapshot 2.1

Snapshot 2.1

Snapshot 2.1 will be taken Tuesday November 23rd, 2021 at 5pm UTC.

How to participate in Snapshot 2.1: To be part of Snapshot 2.1 your address must hold pBTC-on-BSC when the snapshot is taken.
Each address is eligible for Claim 2.1 based on their pBTC-on-BSC holdings at Snapshot 2.1. If an address doesn’t hold pBTC-on-BSC at Snapshot 2.1 that is not eligible for Claim 2.1.
For example, if an address holds 3 pBTCEPS at Snapshot 2.1 and 0 pBTC-on-BSC, the address is eligible for 0 pBTC-on-BSC.

Important note for Ellipsis LP: If you hold pBTC-on-BSC tokens within the Ellipsis pool, please remove them from the Ellipsis pool for the time of the Snapshot 2.1. If you hold pBTCEPS (as in, pBTC-on-BSC tokens within the Ellipsis pool), these will not be considered in the snapshot.

Claim 2.1

Who is eligible for Claim 2.1: pBTC-on-BSC holders that are part of Snapshot 2.1 and that have enrolled. Each address is eligible with an amount proportional to the address’s pBTC-on-BSC holdings at the time of Snapshot 2.1

How to claim for Claim 2.1: If you have enrolled in the compensation plan and you were in Snapshot 2.1, it means you are now ready to participate in Step 2 and claim your first tranche. A “Snapshot 2.1 participants list” will be published on Wednesday November 24th, 2021 with the list of addresses and pBTC-on-BSC amount eligible for Claim 2.1.
At this stage, you are required to claim your Claim 2.1 by sending your elibigle amount of pBTC-on-BSC tokens to a dedicated address. When sending the pBTC-on-BSC, you will receive the corresponding amount of PNT on your address.

Should any PNT tokens be left unclaimed, these will be sent to the pNetwork DAO Treasury.

You will be able to claim your tokens for Claim 2.1 starting Wednesday November 24th, 2021 at 5pm UTC.

Actions recap. pBTC-on-BSC holders need to:

  • enroll in the compensation plan (one-off, valid for future claims as well). This involves sending a transaction - this is just for signing and it is not the transaction through which you send pBTC-on-BSC.
  • hold pBTC-on-BSC at 5pm UTC on Tuesday November 23rd, 2021 to be part of the Snapshot 2.1
  • send a transaction to a dedicated address with the amount of pBTC-on-BSC eligible for Claim 2.1 (the relevant address will be shared along with the Snapshot 2.1 participants list).

Implementation of DAO voting proposal #13: Step 2, Claim 1

Snapshot 2.1 participants list: Snapshot 2.1 participants list available here

Who is eligible for Claim 2.1: pBTC-on-BSC holders that both

  • are part of Snapshot 2.1
  • have enrolled

Each address is eligible with an amount proportional to the address’s pBTC-on-BSC holdings at the time of Snapshot 2.1

Enrollment: If you haven’t enrolled yet, please see previous posts for the instructions on how to enroll.

How to claim for Claim 2.1: To claim for Claim 2.1 please send a transaction to the dedicated address with the amount of pBTC-on-BSC eligible for Claim 2.1 - the amount of pBTC-on-BSC each address is eligible for is specified on the “Snapshot 2.1 participants list”.

When sending pBTC-on-BSC to the dedicated address, you will receive the corresponding amount of PNT on your address.

Where to send pBTC-on-BSC: 0x3e78b88355681344DCaB123B4F9291577D7b1cD3

How many pBTC-on-BSC to send: The amount each address is eligible for is specified on the Snapshot 2.1 participants list

Additional note: If your address is not included in the Snapshot 2.1 participants list, it means that you are not eligible for Claim 2.1. Please remember you need to hold pBTC-on-BSC at the time of the snapshot to be part of the snapshot list.

Even if you are not eligible for Claim 2.1, you can still participate in future claims and recoup the value due through those.

Amount recouped via Claim 2.1: $ 540,000 (method of payment: PNT tokens)

How to use PNT tokens in DeFi: PNT is available on multiple blockchains and it can be leveraged within the DeFi ecosystem, for example:

  • Liquidity mining initiatives are active for PNT on various platforms (including Uniswap and Quickswap)
  • PNT is the governance token of pNetwork, it can be staked in the pNetwork DAO or used to run a node and benefit from ecosystem rewards
  • Lending platforms supporting PNT are available across blockchains
  • PNT is the utility token of pNetwork, it can be used to access the DeFi debit card powered by Eidoo and benefit from crypto cashback

Implementation of DAO voting proposal #13: Pre-sale NFT drop

The NFT drop for Pre-sale participants started yesterday is now complete. 3,000 NFTs have been distributed to NFT Pre-sale confirmed participants.

NFT token contract: Yolo Parrots (YPTS) Token Tracker | BscScan

How to be part of the NFT-based project: An invite-only channel has been created on the official Discord server dedicated to Pre-sale participants. If you are interested in knowing more about the NFT-based project & in discussing with fellow pre-sale participants, join here: Yolo DAO . Joining is not mandatory and is entirely optional. All future communications regarding the compensation plan aspects will still continue on the usual channels.

Edit: Once you joined the discord, ask for the invite to the pre-sale channel to one of the mods. Thank you!

How to learn more about the NFT and the project around it: This is a unique NFT Collection underpinned by 4 different economic principles, each with its own source of value creation. While the first element is already revealed (hard floor price), the others are still hidden and will be gradually revealed to the community before the public sale.
Community on Discord: Discord
Website: https://parrots.yolo.game/

Artwork: The NFTs currently display the NFT Collection Cover. The original artworks will be revealed in the coming days.

ERC721 token: Technically speaking, these NFTs are standard ERC721 tokens. Please note ERC721 tokens are not ERC20 tokens. This means, for example, that the NFTs need to be transferred as ERC721 tokens (and not as ERC20 tokens). There are plenty of guides on how to transfer ERC721 tokens with all of the major wallets so if you don’t know how to do it please look for tutorials online.

Important note: As per compensation plan, transfers for Pre-sale NFTs are temporarily disabled until 1 week after the last phase of the sale. An exception to this is the transfer to the Burner smart contract to burn (destroy, making the others scarcer) the NFT and access the PNT tokens inside it. So anyone who wants to give up the presale NFT for the underlying PNTs can do it already, by simply sending the erc721 tokens to the special burner address 0x481456edabd5b34951057a606a070eca73fb311a (within the transfer transaction the NFT will be burned and the PNT tokens will be released automatically).

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