98KDAO Early Stage Project Flash:ThetaDrop

Project Introduction

Launched in June 2021, ThetaDrop Marketplace is dedicated to becoming the next generation of NFT trading. Based on the Theta network, ThetaDrop offers users the ability to trade Theta NFTs and generate significant volume and value for creators and collectors. Over 100,000 NFTs were sold within six weeks of launch, generating over $2 million in revenue for content creators.

Project Highlight

1.THETA official launch of the NFT trading market, which is low cost, fast and has excellent user experience.

2.Has a unique NFT liquidity mining mechanism to encourage users to trade while preventing the click farming.

3.Have a strategic cooperation with global pop superstar Katy Perry, ONE Championship, etc.

How to play

To increase marketplace adoption and liquidity, ThetaDrop NFT issues a native token, TDROP, to incentivise usage through "NFT liquidity mining" and as a governance token for the ThetaDrop platform.

Users will receive TDROP tokens every time they make a purchase on the ThetaDrop NFT Marketplace using TFUEL or through a 3rd party NFT Dapp built on the NFT Marketplace smart contract. At the same time,the cost of swipe transactions will exceed the mining reward, regardless of the ratio of TFUEL to TDROP, and discourages frequent trading of the same NFT by implementing a 'reward cooling' mechanism.

As the governance token for ThetaDro, TDROP holders can pledge their tokens to gain voting rights and propose changes to ThetaDrop. Each user's voting rights for a given proposal will be equal to their pledged TDROP share as a percentage of the total TDROP pledged. ThetaDrop users with TDROP balances will receive VIP benefits, including early or exclusive access to NFT, limited edition packs, unique offline benefits and more.

By using the Theta network, ThetaDrop casts NFT at a cost (including gas fees) as low as $0.10 and transaction times are approximately 100 times faster than Ether.

Economic Models

TDROP has a total issue of 20 billion pieces and users can earn TDROP by trading NFT on the ThetaDrop platform.

Token Distribution

NFT liquidity mining: 30%, 6 billion pieces

Pledge Reward: 20%, 4 billion

THETA Verifier Reward: 20%, 4 billion

Theta Labs Development

Team: 20%, 4 billion

Theta Marketing and Consulting: 10%, 2 billion

Coin Price & Marketing Value

TDROP was last quoted at 0.031 USDT, with a current outstanding quantity of approximately 4 billion pieces and a circulating market value of approximately USD 124 million

Team Background

ThetaDrop has been developed by the official development team at Theta Labs

Early engagement approach

1.TDROP can be obtained by trading NFT transactions through ThetaDrop platform 2.Get TDROP rewards for becoming a Thera verified node

Social Media

Offical Website：https://www.thetadrop.com/

Twitter：https://twitter.com/ThetaDrop

Facebook：https://www.facebook.com/thetadropofficial

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Warning: The contents of this presentation are for information only and are not intended as investment advice.