VIP Part 2: Recurring NFD Drops

12 min read

This is a premium service offered to supporters that hold a VIP NFT at no additional charge.
You MUST Hold a VIP NFT to use this service.

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Check listings on RandGallery – VIP NFT’s
See all listed NFT Key listings on Asalytic – VIP NFT’S

There are 2 options for NFD drops, One-time or Recurring.

With these 2 options, and the configuration options, which include:

Token: is an ASA with a supply (this could include coins or NFT’s with a supply of more than 1).

Pure NFT’s: are All unique ASA’s each with a supply of 1.

Fractionalized Token: is a token with a supply of 1 but is fractionalized into smaller parts.

There are so many things you can do with this, We will try to cover as many ways as we can think of in the following doc.

The previous doc covered One-Time drops, now let’s go though how to set up Recurring drops.

Recurring Drops #

A Recurring payout is when you will select the terms of your drop and send it on a schedule from our platform.

To set up a recurring payout, select Recurring.

An email address is required to set up an NFD drop, we will email you when the drop is complete, or let you know you will need to “top up” your pool.

Recurring: Token #

The wallet you use to set up the NFD drop will be shown as the Drop Sponsor on the NFD Drops page.

Drop Name: #

Enter the Name of your Drop, you can be Creative, but please keep it clean!

This will show like this on the NFD drops page.

Select “Token” to reward NFD holders with a token.

Select Reward Token: #

For “Token” enter the ASA ID of the token you want to send. The (name of the token) should show once you have entered the ASA ID so you can confirm you are rewarding the correct token.

Your Token image will show on the NDF Drops page like this.

Drop Amount: #

For “Drop Amount” enter the number of tokens each entered NFD will get each drop.

This will be displayed on the NFD Drop Page like this.

Use this example to make sure you have all above settings how you would like them displayed.

Receiving NFD’s: #

Enter the ROOT NFD that you would like to the segment owners to receive your drop.

This will be Displayed on the NFD Drop page.

Once entered we will search to see how many segment holders you have and it will be shown in the calculator to the right.

To reward every segment holder of a Root NFD.

You can send rewards to EACH Segment holder, as well as the ROOT by Selecting Yes / Yes.

If you are the holder of the root NFD and don’t want to reward yourself, you should change this to No.

If an NFD has a lot of segments and you would like to just send to some of them randomly selected, you can pick NO on all segments and add a number of random segments that will get your drop.

Initial rewards pool will be the amount of tokens you would like to deposit into your sending account to be used to fulfill your rewards drops, if you are planning to do recurring drops, you will want to fund this with enough tokens to sustain multiple drops.

Distribution Interval: #

Select your Distribution Interval.

Send to Vaults: #

If the deposit address of an eligible NFD for this drop isn’t opted-in to the reward token, would you like the reward to be sent to the vault account of that NFD? (Having this enabled significantly increases fees, but ensures your rewards are actually distributed.)

How this works: #

If you select No, we will attempt to send your rewards to the wallet address that holds that NFD, if they are opted-in to the asset you are sending, they will receive it, if they aren’t opted-in the drop to them will fail, any failed drops will be returned to you.

If you Select Yes, we will attempt to send your rewards to the wallet address that holds that NFD, if they are opted-in to the asset you are sending, they will receive it, if they aren’t opted-in, the drop will then be sent to their NFD Vault. The sender will need to pay the Vault Opt-in fee for the receiver vault if it’s not already opted-in. We would collect the amount required in case each drop you are sending will need to have their Vault opted into, any of these fees that aren’t used for this will be returned to the sender.

Add a Note: #

You can use this space to add a note to your drop.

If you either aren’t a VIP NFT holder, or you don’t have any VIP Actions left on your VIP NFT for this period, you will see the following button letting you know you have no actions left currently, this would be a great time to get your very own, or an extra VIP NFT.

Get VIP Keys Now

Check listings on RandGallery – VIP NFT’s
See all listed NFT Key listings on Asalytic – VIP NFT’S

As long as you do have an Available VIP Action available, you will see the standard Submit button.

Submit: #

Sign and send: #

Sign each transaction in your wallet to deposit your reward tokens, and take care of any fees, once completed you will see that you ha

Success! #

Congratulations! You have set up your new NDF Drop!

Recurring: Pure NFT’s #

An email address is required to set up an NFD drop, we will email you when the drop is complete, or let you know you will need to “top up” your pool. Your e-mail is not shown or shared, only used for our system to send you notifications.