Composable Parachain NFT Giveaway
Composable Finance is currently participating in the second batch of parachain auctions on Polkadot. To celebrate the amazing contributions from our community to our Parachain crowdloan so far, we are pleased to announce a giveaway of three inaugural limited-edition Inifinity Cubes (from the IC Collection) for contributors to our crowdloan campaign.
At Composable Finance, we continue to show an increasing amount of support and involvement in NFTs. This can be noticed by our recently launched protocol Mural, a revolutionary bridge that facilitates seamless transferral of NFTs across different chains and layers.
All contributors to our crowdloan are eligible, even if you have contributed through Stablecoins or on platforms such as BiFrost and Parallel Finance. To ensure entry into the giveaway, follow the three simple steps below.
How To Enter The Giveaway:
- Follow @ComposableFin and @ComposableL on Twitter
- RT & Like the official Composable give-away tweet
- Comment $LAYR on the give-away tweet to let us know you are participating
Note: you will be asked for your evidence of contribution upon winning.
The winners will be announced once the crowdloan campaign comes to an end.
The NFTs will be minted on the RMRK standard and sent to the winners’ Polkadot.JS address. These addresses will need to have made contributions to be eligible; however, Stablecoin contributors will also be valid, with the NFT received via a chosen .JS address. The winning tweet will be announced after we have contacted you for a screenshot of your contribution to authenticate your claim.
Latest updates on our crowdloan
Initially, we allocated 12% of the 100,000,000 total LAYR token supply as rewards for crowdloan contributions. However, we have increased rewards by more than 30% if we pass 5 million DOT contributions (currently raised 3.99 million DOT). Once we surpass the 4 million DOT staked mark, we will unlock an additional 2% of the total LAYR supply and another 2% of total LAYR supply on top of that once we pass the 5 million DOT staked mark.
This means that our total LAYR supply allocated to crowdloan contributors will increase to 16%.
These additional rewards come on top of the current incentives that we have shared including:
- 2.5% bonus for contributing through Parallel Finance’s referral link.
- 5% bonus to those who previously contributed to our Picasso Crowdloan
- 20% bonus for those who refer a total of 1000 DOT using the generated referral codes
For more information on LAYR and how the Composable Parachain will set the ball rolling for an interoperable and scalable future, read our article here.
KYTE and the Infinity Cubes Collection
Our commitment to supporting and nurturing emerging talent is embodied in our collaboration with KYTE. Their style fuses together an array of mixed media, animation and hand-drawn graphics. KYTE is a 2D animator by training and has designed a vast array of collections to be deployed in the incoming months. Their work is inspired by their training and inspiration from Studio Gibli and anime, as well as drawing on their creative background and heritage. Their collections draw deep inspiration and bother around simplifying complex and somewhat philosophical understandings of emerging technologies.
Commenting on this collection KYTE said:
The infinity cubes are an idea to draw parallels on the simplification of the future of DeFi and the power that blockchain can encapsulate. I started with iterating on a starcube animation which I developed during my studies, to rethink how we perceive the space of infinity from traditional norms of the eternal loop. By the pastel flows and the colourful splash, I have nodded towards the community’s vibrancy which is integral to the success of the projects being deployed across the ecosystems. In the coming weeks, I will be releasing more infinity cubes that can draw from the diverse natural elements that are being reimagined in the meta.
Contribute to the Crowdloan to be eligible for rewards
As is traditional for parachain crowdloans, Composable Finance accepts DOT contributions from anyone willing to support our project. DOT contributions can be made by heading to our website here.
Composable Parachain is the first project on the whole of Dostsama ecosystem to accept stablecoins as crowdloan contributions, thus opening up the Dotsama ecosystem and ensuring a broader community of token holders. In a recent post, we provided a full how-to guide on how anyone can contribute stablecoins to support our parachain bid.
Securing a Polkadot parachain at the upcoming auction is crucial to our vision of creating a blockchain-agnostic future for DeFi. As you all support us in our efforts to make our vision a reality, this is our own way of reciprocating and showing appreciation by giving back to our community.
For more information about Composable and how it is architecting the unified DeFi landscape of the future, check out our socials:
Twitter | Telegram | Discord | Website | GitHub | LinkedIn
NFT Giveaway Announcement was originally published in Composable Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.
