Early access to Quartz crowdloan whitelist!

By October 11, 2021Polkadot
Click here to view original web page at unique.network

Quartz gives you easy access to test extreme innovation in NFTs and build for the next generation. Built on Substrate, Quartz gives you the most versatile options for discovery and democratization of the NFT ecosystem and marketplaces (with very low barriers for entry).

Advanced features like Flexible Economic Models, Scheduled Transactions, Re-fungiblity, and Nested NFTs will all be available via Quartz, allowing users to own UX/UI for your fans and customers.

Crowdloan

Why we need a parachain slot on Kusama

Our mission at Unique is and always has been to give people the essential and advanced NFT tools to unleash innovation on their own terms.

Quartz is designed to enable the most powerful and advanced NFT functionality on the Kusama Network. By securing a parachan slot on Kusama we will be able to deliver on that mission.

Quartz parachain on Kusama will allow you to build with interoperability between different blockchains, and give developers and engineers the access to the shared security of the entire network.

What is a crowdloan

There are only a few slots available on Kusama and Polkadot. For a project to secure one of the slots, it must compete with other projects through an auction.

Crowdloans are one of the unique offerings of Polkadot's framework, which allows teams like Unique to crowdsource the KSM required for connecting our chain to Kusama.

The supporters of Unique Network can vote for Quartz to secure a slot on the Kusama Network by locking KSM tokens for a given period (a "lock period").

Upon securing a parachin slot, the Quartz crowdloan participants will be rewarded with QTZ tokens.

Crowdloan Rewards

You will be rewarded for each KSM you bond during the crowdloan. The earlier you participate, the higher the rewards will be.

Token Reward

The base reward is 237 QTZ for every KSM bonded. However, early participants get more - the first KSM contributed will get 750 $QTZ. For subsequent KSM bonded, refer to the chart or use the calculator to check how many $QTZ will you receive for the KSM you want to bond. Only KSM that were bonded before the successful auction win will be eligible for rewards.

The bonding curve gives you a view of the rewards through the auction duration.

Up to 8% of the total QTZ supply is reserved for the crowdloan participants with a 10 month vesting period. This is 80,000,000 out of the total 1 billion $QTZ.

A Special Reward!

Of course we know how much you love Chelobricks! Their journey from the day they were dropped has been quite a story! If you are amongst the first 100 participants to stake 10 KSM or more - A chelobrick will find their way to your wallet! :D

Have fun checking them out here - https://unqnft.io/#/market

How can you participate

Steps

FAQ

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