Each month, we introduce a new memecoin. Users who trade the coin or participate in our community quests receive airdropped NFTs that hold intrinsic value. These NFTs can be sold for profit on Opensea or used to build stacks of NFTs with the same rarity tier. By accumulating these stacks, participants win a share of the Grand Prize in ETH.

What makes Stackset special?

1. Alternative yields for memecoin flippers.
   Do you know the sad feeling when you ape into a coin too late and have to put up with losses? Not the case for Stackset.
   Each time you trade (or just hold) Stackset memecoins, you get a chance to receive an NFT airdrop, and this NFT is not just a PFP that has no value. It’s a card you can use to build stacks and compete for the Grand Prize in ETH!

2. NFTs that have value.
   What determines the value of Stackset NFTs? Each Stackset memecoin carries a 3% buy/sell tax, strategically sold to maximize ETH accumulation while minimizing market price impact. Half of the accumulated ETH is then used to reward NFT stack builders. Therefore, the value of each NFT depends on its rarity and the total amount of ETH accumulated through selling taxes!

3. Full transparency.
   Our goal is to be the trusted issuer of memecoins, ensuring proper marketing, fostering a strong community, and adhering to industry security standards. This includes implementing measures such as locking liquidity, renouncing ownership, and adding 100% of the supply to the liquidity pool without any third-party allocation.
   To ensure transparency, we have introduced a tax system that benefits the community through tax selling, while also providing Stackset with the capital needed to fund our development efforts and do proper marketing for new memecoins.

4. Riding the ERC404 narrative.
   ERC404 is a novel and exciting token standard that has rekindled user interest in the fusion of memecoins and NFTs. We take it a step further by introducing a gamified element to the entire experience and offering our users NFTs that have value. For additional info on Stackset and ERC404, pls check this article.

5. User-generated NFTs.
   The connection between a project and its community is crucial. That's why we encourage our users to add their creative touch to the NFTs we create. To participate, simply fill out this NFT design request form (valid for the first season, Stack Gems).
   Please note that only users who complete this form will be eligible to receive the Stackset NFT airdrop. This step is necessary to distinguish between users who are interested in speculation and those who want to actively contribute to farming NFTs.

Season 1: Stack Gems

The inaugural season of Stackset games is titled "Stack Gems." It introduces a memecoin called $GEM and an NFT collection featuring 400 $GEM NFTs across 10 different rarity tiers. The season is set to launch on February 20th, coinciding with the release of the first memecoin.

How to participate?

1. To win an NFT, first fill out this NFT design request form.

2. Trade or hold $GEM after launch to join the random draw OR complete our community quests on Galxe.

3. Twice a week, 50 NFTs are minted and distributed to traders, holders, and Galxe campaign participants:
   - 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.

4. If you’re lucky to get an NFT, you decide if you want to sell your NFT for profit on Opensea or start building NFT stacks (at least 2 NFTs of the same rarity tier) to win a share of the Grand Prize in ETH.

How large is the Grand Prize?

Once trading begins and trading taxes start accumulating in a dedicated wallet, the analyst team strategically sells them in small batches to maximize profits from tax sales while minimizing the impact on market prices. This approach ensures that the interests of traders are minimally affected.

The community will have the ability to track the progress and see the accumulated amount of ETH.

When the NFT airdrop is fully distributed (Week 4), we will take a snapshot a few days later. This snapshot will be used to reward NFT stack builders with 50% of the total revenue in ETH generated from trading taxes collected lifetime!

Anything else?

This article offers a concise summary of the key aspects you need to know about Stackset and our vision. If you're interested in delving deeper, be sure to check out our documentation, which provides detailed and easily understandable information!

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