Ethereum Worlds Loyalty Snapshot Announcement
April 14th, 2022
Building upon yesterday’s exciting announcement that highlighted the upcoming Ethereum Worlds utility token, today we’re announcing our plans for a series of “snapshots” to reward apartment holders on the lead up to the launch of our token which is tentatively set for the beginning of Q3 this year.
What Is A Snapshot?
A snapshot is essentially a method to capture and record data from the blockchain at a specific point in time. There are various reasons why a project may conduct a snapshot, but generally speaking in this space it is a method that creators use to capture a list of wallet addresses and their owned assets. For example, a snapshot taken today would enable us to log and record which wallet addresses own a particular set of assets at this particular point in time.
Why Are We Taking Snapshots?
We wouldn’t be in the position we are today without our supportive and active community, so acknowledging that loyalty and rewarding those early supporters is something that we have taken seriously since day 1. As creators we want to continue to acknowledge and have the ability to reward those who steadfastly show a strong commitment to our project and understand the true value of what is being built here.
We will use the wallet addresses captured in this series of snapshots to determine apartment ownership and then distribute a one-time loyalty gift in the form of our token; this distribution will be done shortly after our token launch, also called a Token Generation Event (TGE).
This gift is a big thank you from the Ethereum Worlds team for investing in our project and having the conviction and patience for what we believe to be a unique, industry-changing Metaverse experience.
We will conduct a series of 3 different snapshots to be held on random dates, once per month throughout the months of April, May, and June as we lead up to the launch of our utility token. Each snapshot will not be announced until after it has been taken. These snapshots can be taken at any time between today and the end of June.
The snapshots will look at every Apartment NFT and record the owner’s wallet address, meaning the same wallet address can be recorded multiple times in a single snapshot. This is important to note as the more apartments that you own, the greater your loyalty gift allocation.
Each snapshot taken will qualify the addresses captured for a set number of tokens from the overall loyalty gift token pool. The more snapshots that capture your wallet address, the more tokens you will qualify for.
Anyone may be eligible for this snapshot loyalty gift as long as you own at least 1 Apartment NFT and your wallet address is recorded in at least 1 snapshot.
NOTE: The Apartment NFT’s floor and apartment type will be recorded in each snapshot, this is important when calculating token allocation.
Special Prize Draw
Independent of the token allocation detailed above, there will also be a special prize draw for those residents that hold their Apartment NFT(s) throughout all 3 snapshots.
For each Apartment NFT that is held throughout all 3 snapshots, the resident receives one chance to win the special prize draw. If you own 5 Apartment NFTs and hold them throughout all 3 snapshots, then you would receive 5 separate chances at the special prize draw.
NOTE: The same Apartment NFT must be held throughout all 3 snapshots, and must be held within the same wallet address. If you own multiple Apartment NFTs, you may hold them in different wallets as long as it is the same wallet address for each snapshot.
Although we won’t reveal the prize pool for this draw just yet, we believe it will be worth the wait!
- Our utility token is tentatively set to be released at the beginning of Q3 this year
- A series of 3 snapshots will be taken at random times over the next 3 months
- These snapshots will capture all wallet addresses and their owned assets
- Each snapshot will qualify the captured addresses for a set number of tokens
- The more snapshots that capture your address, the more tokens you will qualify for
- Addresses recorded throughout all 3 snapshots will be placed into a special prize draw
- Anyone may be eligible for this snapshot loyalty gift as long as you own at least 1 Apartment NFT and your wallet address is recorded in at least 1 snapshot… apartments may be purchased via our website or on OpenSea.
- Apartment type and floor play a prominent role when calculating token gift allocation
- Snapshots will only be announced after they have been taken
- This gift is a big thank you from the Ethereum Worlds team
Example A: Person A has owned an apartment for several months and continues to hold that apartment up through the launch of our utility token.
Since Person A will have held their apartment throughout all 3 snapshots, they qualify for the full allocation of the proposed loyalty token gift. This person also qualifies for the special prize draw.
Example B: Person B purchases an apartment today via our website (or OpenSea), and then sells their apartment after the 2nd snapshot.
Person B qualifies for only 2 snapshots (having sold before the 3rd snapshot). Since their address will only have been recorded for 2 out of the 3 snapshots, this disqualifies them from the special prize draw.
Example C: Person C buys their apartment after the first 2 snapshots have been taken, but then holds their apartment for the 3rd snapshot.
Person C qualifies for only 1 snapshot (having missed out on the first 2 snapshots). Since their address will only have been recorded for 1 snapshot, this disqualifies them from the special prize draw.
Example D: Person D sold their apartment yesterday and doesn’t purchase another apartment until after the 3 snapshots have taken place.
Person D does not qualify for any loyalty bonus or special prize draw
Example E: Person E sold their apartment last week, but then purchased a new apartment today via our Phase 2 launch, and then continues to hold long-term.
Since Person E will have held their apartment throughout all 3 snapshots, they qualify for the full allocation of the proposed loyalty token gift. This person also qualifies for the special prize draw.
All 3 snapshots will be posted in the new #snapshot-announcement channel found in our Discord, and will also be posted to our Twitter.
As we mentioned in our announcement yesterday, our goal is to bring value to stakeholders within the Ethereum Worlds ecosystem, providing gifts and bonuses for their continued support. We look forward to announcing our first snapshot this month!
The gifting of these loyalty tokens remains at the sole discretion of the Ethereum Worlds team and should not be relied upon as a guarantee or in making financial decisions.
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