The Z.A.P: Airdrop Raffle
Want an airdropped NFT?
Last updated
Want an airdropped NFT?
Last updated
The Z.A.P is a 24-hour event that happens before the A.R.T initial airdrop (5,000 of 10,000). By participating in The Z.A.P, users get a chance to be airdropped a FREE A.R.T NFT. Take note that we're limiting to only one NFT per wallet (use more wallets if you want more than one A.R.T). The more you zap, the higher your chances - simple as that!
But what is zapping? Ok, let's take a step back.
Zapping is when users exchange their Solana assets, BONK, USDC or SOL, for V.O.L.T.S at a discounted rate. On top of the airdrop opportunity, The Z.A.P provides users with initial liquidity for V.O.L.T.S before minting begins, allowing them to be one step ahead of others. Users must zap a minimum amount of $10 (worth of BONK, USDC or SOL).
Total supply: 10,000 Initial supply: 5,000 Team allocation: 50 Airdropped allocation: 4,950
🗓 Mark your calendars!
Starts: 24 February 2024, 5PM UTC Ends: 25 February 2024, 5PM UTC
Zapping is analogous to Bonding—a concept pioneered by Olympus DAO. Bonding allows users to transact assets at a discount directly with the protocol (the A.R.T Factory in this case) over a specified time-period. What's special is that prices/discounts are market-driven and not dependent on third-parties such as oracles. Bonding also accumulates token liquidity in the A.R.T ecosystem, generating profit for treasury reserves and purposed for further development and community building.
During The Z.A.P, users can exchange BONK, USDC or SOL for V.O.L.T.S at discounted rates over a period of 24 hours. The discount starts at a whopping 20% and tends to a floor of 5%. Since the bond prices are market-driven, this means that the rate of discount changes is dependent on the demand of the bonds. The more users zap for V.O.L.T.S, the faster the discount will drop.
During The Z.AP, there will be a leaderboard to track how much each user has zapped. The more you zap, the higher the chance you'll receive the airdrop! On 29 February 2024, 4 days after The Z.A.P concludes, A.R.Ts will be dropped to lucky users who participated in The Z.A.P. Users can claim the zapped V.O.L.T.S from their A.R.T battery when A.R.T NFTs are revealed on 1 March 2024.
Bonky is an A.R.T community member who wants to get the free A.R.T NFT airdrop. He also wishes to accumulate as much V.O.L.T.S as he can before A.R.T mint is live. Participating in The Z.A.P gives him an advantage as an early user, where he can leverage on greater V.O.L.T.S liquidity in the near future.
The Z.A.P begins and V.O.L.T.S are sold at a 20% discount
Bonky can choose to zap BONK, USDC, or SOL for V.O.L.T.S
He decides to zap some BONK for V.O.L.T.S
His newly zapped V.O.L.T.S appear in his battery on the A.R.T user interface
Bonky takes a glance at The Z.A.P leaderboard and realizes that he has dropped 20 positions
To increase his chances of getting that A.R.T airdrop, Bonky continues zapping for more V.O.L.T.S to bump up his position on the leaderboard
4 days after The Z.A.P ends, Bonky checks his wallet and finds out he has been airdropped 1 A.R.T!
On 1 March, the NFTs are revealed and he claims the V.O.L.T.S that he acquired earlier from The Z.A.P
Bonky is ready and equipped for the game with NFT and V.O.L.T.S in hand
You want a FREE A.R.T NFT airdrop
You want to get ahead of others before A.R.T mint is live
Your strategy to get ahead is to accumulate more V.O.L.T.S, the SPL token that powers the A.R.T ecosystem
⚡️ 24 February 2024: The Z.A.P starts
⚡️ 25 February 2024: The Z.A.P ends
⚡️ 29 February 2024: A.R.T NFTs are airdropped to wallets
⚡️ 1 March 2024: NFT reveal + claim V.O.L.T.S accumulated from The Z.A.P
Are you prepared to ZAP?!
