November 13, 2021, Dubai, UAE — Navigate the world of decentralized finance (DeFi) and nonfungible tokens (NFTs) with DeSpace, a multi-chain DeFi and NFT protocol powered by the DeChain blockchain. Recently, DeSpace launched two NFT products — Lottery Pad and Auction NFT Pad on November 10, in a bid to change the cryptocurrency game forever with their wide range of NFT products.
These two items are the cornerstones of DeSpace NFT solutions, and they represent a huge leap forward in ecosystem utility. On DeSpace, users will be able to purchase and win unique NFT drops. Invariably, holding DES will be your ticket to the show.
Remarkably, DeSpace is a breath of fresh air in the DeFi market, with multilayer tokens and NFT cards, consolidated governance, revamped yield farming and NFT mining. The project's purpose is to make the DeFi industry a more stable, intuitive and safe environment for all users.
To celebrate the launch of their NFT products, DeSpace is having an exclusive drop titled “Sweet Illusion,” opening on November 15, from BMD ONE, a fantastic designer, producer and artist with a strong crypto background. You'll recognize his work if you're familiar with DeSpace; his aesthetic vision is what has made the DeSpace brand so recognized. In addition to his personal artistic activity, his work can be found in over 50 crypto initiatives.
“Sweet Illusion” is the artist's investigation into space, cryptocurrency and everything NFT. The designs are stunning, and each NFT adds to the DeSpace ecosystem's utility. “Sweet Illusion” will be available via DeSpace's Lottery Pad, which is a fun and gamified method of participating in NFT drops.
Of note, there are a few important dates to keep in mind:
- Snapshotting will begin at 15.00 UTC on Nov. 15. Before this, you must have your DES staked in the lottery pools.
- Ticket redemption begins at 15.00 UTC on Nov. 17. There are a limited number of tickets available, so make sure you're ready to claim them now so you don't miss out.
- The lottery will be drawn on Nov. 18 at 15.00 UTC. The drawing takes a few minutes, after which winners can check their “My Tickets” tab to discover if they've won. Winners have 12 hours to claim their NFT after that.
Auction Pad: Providing value to fans and investors
Artists and celebrities are lined up to get their hands on limited-edition NFTs, and DeSpace is swiftly establishing itself as the place to go. Auction Pad will be hosting one-of-a-kind NFT drops from some big names that will provide the maximum amount of value to users.
Auction Pad isn't your typical NFT mint farm; it focuses on one-of-a-kind releases for the discerning collector. Remember, these NFTs aren't just for show: you'll be able to stake them for DES incentives as well.
Auction Pad is currently live on Ethereum and Binance Smart Chain. Plans are underway to expand it.
Lottery Pad: A launchpad for extremely rare drops
With the first lottery set for Nov. 15, the Lottery Pad on DeSpace is the ideal spot to try your luck at some extremely rare drops, all of which may be staked for DES. DeSpace is diligently working with its partners to ensure each NFT will provide value to both of their communities.
Lottery Pad is DeSpace’s method of ensuring that everyone in the community has the opportunity to participate in NFT markets. Therefore, DeSpace the NFT will be accessible at affordable rates, and simply playing is free. You can enter the lottery if you have enough DES (or a partner's token) in your wallet when the lottery snapshot is taken.
The best part about Lottery Pad is that it's completely free to play — all you have to do is stake DES to claim tickets, and you'll only have to pay for the NFTs you win.
Lottery Pad debuted on Binance Smart Chain and Polygon first. However, more chains are already in the works. DeSpace is working together with their partners to build a lineup of NFT releases that are said to be catchy.
DeSpace — Making a difference with NFTs
Buying NFTs with no real value is a familiar experience for many of us. Even the most beautiful images will not be worth anything once the initial hype has worn off. DeSpace's NFT staking mechanism takes advantage of the fact that NFTs are more than just photos.
On that note, soon, users will be able to stake their DeSpace NFTs to earn DES tokens and gain access to the ecosystem's additional features and benefits. The DeSpace NFT marketplace aggregator, in particular, will forever alter the way you trade.
Furthermore, DeSpace will be listed on a tier 1 exchange very soon. Hope you are excited and have saved Nov. 15 as the date for DeSpace’s exclusive NFT collection, “Sweet Illusion.”