Greetings to all Genesis NFT Holders! đź‘‹
We’re excited to announce that the staking snapshot for users eligible to receive the Genesis NFT was finalized on the 20th, following a six-day grace period beyond our initial timeline. The Launchpad Genesis NFT was created as a reward for our most dedicated DevvE Staking community—offering a unique, exclusive asset you can soon claim via the launchpad. Distribution will occur in the near future.
The final count is 378 Launchpad Genesis Founders!
We will mint a total of 400 NFTs. The extra 22 tokens will be reserved for The Forevver Association for upcoming marketing initiatives during our expansion phase. Minting will occur on the DevvX mainnet, and these tokens will be available for trade on Glassblock.io once claimed.
It is important to note that trading Genesis NFTs will NOT immediately transfer token utility. Full details are provided in this post, so please read to the end before deciding to buy or sell a Genesis NFT.
Initial NFT Utility
DevvDrop Distribution
Genesis NFT holders secure a right to 0.25% of all unclaimed DevvDrop tokens from the vesting period associated with un-staking DevvE.
Seed Round Access
Owning a Genesis NFT qualifies you for future Seed Round opportunities with projects that use the DevvE Launchpad. These early-access allocations will be available only to Tier 5 and Genesis holders, in accordance with standard seed round criteria.
Exchange Benefits
Holding a Launchpad Genesis NFT unlocks a Platinum Tier Exchange Account. This account is designed to provide top-tier discounts, referrals, and trader incentives that surpass typical crypto exchange offerings. For example, Binance’s VIP 9 status requires a $4 billion USD 30-day trading volume and 5,500 BNB—benefits that usually come only after substantial trading activity.
Voting Rights
Holders can engage in community-based voting on launchpad decisions and other prospective applications. This governance aspect is a powerful tool in many DeFi protocols and one we plan to leverage.
Access to Private Forums
Exclusive forum access is granted to all Genesis NFT holders, enhancing community collaboration and insider updates.
Additional Utility Over Time
Our roadmap for the DevvE Ecosystem involves strict compliance measures, which means we are cautious about overpromising future functionalities. However, we are actively exploring additional utilities that may roll out over time.
How to Claim
Claiming your Genesis NFT is simple:
- Log in to the DevvE Launchpad with your qualifying account.
- Click the green “Claim NFT” button at the top of the screen.
- Enter your DevvX wallet address and associated email. After these steps, you will receive your NFT post-mint.
If you haven’t created your DevvX wallet yet, visit DevvX Login to get started.
Ethereum and DevvX Integration
Our Launchpad currently runs on the Ethereum network, whereas the DevvExchange will launch on the DevvX mainnet. Integrating a single NFT with compatibility for both networks presents challenges for lasting functionality. As a temporary measure, all utilities are tied to the Ethereum wallets that qualify for the NFTs. Trading the NFT will not reassign these utility functions until later upgrades.
When integration on the DevvX mainnet is complete, we will update the NFTs accordingly, rendering the Ethereum-specific functions obsolete. This means that if you buy or sell a Genesis NFT, you will transfer the ownership of the upcoming Platinum Tier exchange account, but all other utilities remain bound to the initially qualified Ethereum wallet until further changes are implemented.
For instance, once DevvX smart contracts power the launchpad and DevvDrop, the 0.25% token claim will automatically shift to current NFT owners. If you sell your NFT during the Ethereum phase, you will temporarily retain the claim—but this will change in the future.
Key Points to Note
- Utility Lock-in: NFT utility will be whitelisted to the qualifying Ethereum accounts in the short term, irrespective of NFT transfers on DevvX. Purchasing a Genesis NFT on Glassblock.io is akin to securing future benefits, including a Platinum Tier exchange account and additional DevvDrop allocation.
- Challenges: Several features require DevvX-native applications, while initial utilities depend on an ERC20 token. Building these on Ethereum would be inefficient, detracting from our core ecosystem value drivers. Other integrations, such as cost-price merchandise, are also on our radar but require careful resource management.
The Genesis NFT initiative exemplifies our commitment to rewarding our most trusted DevvE Staking community members with exclusive, high-value benefits. With the staking snapshot complete and Genesis NFTs set to be minted on the DevvX mainnet, we are thrilled to launch this phase of our ecosystem’s evolution.
Stay tuned for further updates as we continue this exciting journey together!
The DevvE Team
Source: DevvE Genesis NFT Update
