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Decentraplace

$64.71 crowdfunded from 59 people

$283.86 received from matching pools

42%
average score over 1 application evaluations
Create pixelart NFTs by burning PLACE tokens on a blockchain-based platform, earn rewards and APY boosts through active participation, with deflationary tokenomics to increase value.

Welcome to Decentraplace- The fusion of r/Place and web3.

Our platform makes it possible to collaborate on pixelart NFTs. Utilizing smart contracts we tokenized the concept of r/Place and create a investment product around this seemingly simple concept. Decentraplace is a mix between an ERC20 Token and a ERC1155 collection.

Write your artworks and ownership of every change that you initialized permanently onto the blockchain by burning PLACE tokens on a 1:1 ratio and a paying protocol fee of 0.0001ETH. This gets triggered by a smart contract function that records the changes. To interact with the fucntion you just need to click a pixel, select the color and approve the transaction in your wallet. It's very seemless and easy!

Our platform incentivizes users to burn $PLACE on a 1:1 ratio to color onchain pixels on decentraplace.io and recieve APY boosting NFT on a monthly basis . The most active user of the month takes home 90% of burned tokens.

The more people use the platform, the more $PLACE tokens are burned and removed from the supply, which increases the value of the remaining tokens and rewards active users & holders.

It also creates a unique correlation between platform usage and deflation rate, incentivizing users to be active and contributing members of the community.

To further incentivize activity, we have created a function that allows us to mint 90% of burned tokens and send them to the most active user of the month. This happens in one transaction and also resets the count of burned tokens back to 0 to removes the remaining 10% from the supply.

This function will only be used if there is sufficient activity on the platform. If there are no available burned Tokens, no new tokens can be minted.

​We will be taking monthly snapshots of the top 1000 users and distributing them NFTs.

These NFTs can be used to boost $PLACE staking APY by 1% per NFT.

This means that the more NFTs a user has, the higher their APY will be.

Monthly NFT drops,

IPFS-free image storage, Permanent pixel art.

We have over 200 beta testers onboarded, have successfully completed a total of 6 testNFT snapshots on the Sepolia Testnet, improved UX and

made sure everything works like it should before we start the mainnet launch.

Join and earn PLACE and OnChain NFT's through exiting reward mechanisms that you never seen before!

Decentraplace History

  • accepted into Web3 Community and Education 10 months ago. 59 people contributed $65 to the project, and $284 of match funding was provided.

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