Barcelona, Spain, March 9, 2022, Chainwire
The Potion Unlock game is a social experiment to bootstrap a decentralized community around the DeFi protocol.
Potion Labs, the developer of the new risk management layer Potion Protocol, has announced the launch of the Potion Unlock NFT auction. Those who purchase NFTs at auction can participate in potion unlocking games and collaborate with other community members to release the potion protocol to the public domain. With this unique strategy based on “active decentralization,” Potion Labs aims to avoid the dangers of traditional project launches and maximize community involvement.
The game mechanics is simple. The entire project code base is stored in IPFS and is protected by a strong password. This password is divided into segments of various lengths and distributed to 10,000 unique NFTs.
Participants must work together to put together a sufficient number of pieces for the code to finally be decrypted and published. The game itself is completely open-ended. Players need to self-adjust to find their own solution to the problem without inputting Potion Labs.
When the protocol file is decrypted and released to the public domain, it forms a community with “in-game skins” and web3 manipulation capabilities. This community will have power and control over the future of the Potion Protocol as a public good.
How can players participate in the potion unlock game?
Most of the Potion NFTs will be on sale to the public at Dutch auctions starting March 14th (the whitelist has already been published) and will be attended by well-known DeFi and NFT participants.
To strengthen the participating community, two potion NFT rarities (Kelly Night and Wise Wizard) were already distributed through a $ 12 million private sale last January. These are prominent DeFi players such as Polychain, Placeholder, Maven 11, Pantera, LAO, MetaCartel, Parafi, Spartan, Robert Leshner, Fernando Martinelli, Synthetix Founder, Crypto Plaza, Roble VC, CULTUR3, Lemniscap, Zee, beToken Capital. Purchased by. , Above all.
Finally, Potion’s early community members (OG or Original Gangsters) were also recognized for their early community support and inspiration and were generously assigned Potion OGNFT for free. A significant number of OG NFTs have been provided to 1,000 key members of the prominent DAO in the form of airdrops with the aim of building a high quality community around the project.
What is the symbolism of potion NFT design?
The Potion Unlock NFT commemorates the release of the lab’s Kelly machine and its significant technological advance in integration into the Kelly criterion coupling curve. To celebrate this, each NFT represents a symbolically and artistically different insurance policy. Various distinctive artifacts are used in each NFT to represent specific parameters of the insurance policy.
The NFT collection, consisting of 10,000 unique works, embodies one of the first artistic renderings of financial instruments and provides a dictionary of Kelly’s criteria join curves. Importantly, Potion NFTs are digital collectibles, not financial products. Only the original NFT Minter can participate in the potion unlock game.
What is Potion NFT Rarity?
There are 6 NFT types or “rareities” in the game, each with a different “decoding ability”, giving different players different abilities and abilities. Each NFT rarity also has a different level of “redundancy”, so a single owner cannot block game resolution.
What is the motive behind the project?
PotionLabs is trying to reach some goals with this launch model. The developers have a deep belief in decentralization and designed Potion Unlock to transfer control of the Potion Protocol to the community. In this way, this approach achieves “active decentralization”, avoiding the concentration of power in the hands of a small number of people, and ensuring that it is instead distributed throughout the community.
This form of protocol release also aims to create a commercially viable way for Potion Labs to continue to fund research work while operating within clear regulatory guidelines. PotionLabs hopes this new release model will be useful for other Web3 projects as well.
What does the team have to say?
“We are excited to introduce a new class of services that the community has built for the community from scratch,” said Guillem Mosquera, co-founder and CTO of Potion Labs.
“We are deeply grateful to the community around the project that has decided to support our vision and team. We are experimenting with a new approach to open source development for web3 and we We are fortunate to have a visionary community that facilitates and supports our quest. Jordi Muñoz, co-founder and CEO of Potion Labs, said:
“It’s very sophisticated on the back end and surprisingly simple on the front end. Potion is leading a new era of DeFi liquidity providers (LPs) and consumer risk management. By using Kelly standards. , Potions allow LPs to optimize the price of options according to the desired risk and yield parameters. Then, by aggregating all individual LP curves, Potion provides consumers with the best priced options. When people say DeFi 2.0, the potion is at the top of the list, “said placeholder partner Chris Berniske.
About Potion Lab
PotionLabs is a Web3 native research and software development company that developed the Potion Protocol, a robust risk management layer for crypto assets. It is a pioneer in a new risk pricing model based on Kelly criteria, providing mathematical expectations for long-term survival of LPs and a deeper and more reliable liquidity market for users. The release of the protocol code will begin shortly through the Potion NFT Unlock game. Click here for details on Potion Labs: https: //potion.fi & https: //potion.auction
contact address
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Potion Lab
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press@potion.fi
