What is Blindboxes (BLES) | What is Blind boxes (BLES) | What is BLES token
NFTs are all the rage in the crypto world. However, they’re currently being sold on a patchwork of marketplaces that operate within their own silos. Additionally, it’s becoming increasingly difficult for emerging talent to have their works noticed among a plethora of established NFT stars.
Blind Boxes curates collections of digital assets from emerging creators, well known brands, and famous NFT creators, and offers them in compelling Blind Boxes. This mystery box framework is similar to collecting packs of trading cards. Buyers know the overall components of a collection. However, the exact NFT that they receive is only revealed once they unbox the purchase.
For digital creators, it’s an opportunity to showcase their work to a broader audience, boosting their reputation and unlocking the potential for higher sales in the future. For collectors, it’s a chance to discover and own rare digital assets — tokenized art and real estate, digital sports memorabilia, music files, and exotic gaming characters, sourced from artists across the globe.
The thrill of unwrapping a gift, eagerly longing to unearth the contents inside is a familiar emotion to all of us. Blind Boxes aims to bring the nostalgia of collecting to the NFT market, while rewarding its users with potentially valuable assets.
What’s in the Box?
Blind Boxes’ gamified platform will host limited edition NFTs. Each virtual unboxing recreates a cherished childhood experience: the thrill of gift unwrapping. In doing so, Blind Boxes infuses the digital world with a sensation more synonymous with the physical.
Whether it’s a Xmas present, football sticker pack, or Pop Mart box, discovering what lies inside a mystery package — be it toy, treat, or ultra-rare trinket — is unforgettable. This is the stuff that memories are made of and the spark for life-long obsessions.
With Blind Boxes, artists can directly engage with their audience and earn from every NFT they create — including resales. Fans, meanwhile, can acquire digital collectibles which they can display, swap, or sell.
NFTs Made Better
NFTs have taken the crypto world by storm and are now sucking the universe into their orbit: sports, art, music, real estate, gaming — it’s all being tokenized and traded, with digital scarcity the arbiter of value. Celebrity stardust + genesis NFTs + ultra-rare content = the stuff that digital dreams are made of.
NFTs are the most exciting vertical in crypto right now — but they’re also one of the most daunting. For beginners craving to acquire the latest must-have crypto collectibles, obtaining NFTs is a fraught process. It calls for an innate ability to appraise digital art, operating in an illiquid market, queueing patiently in line for limited edition packs, and all too often leaving empty-handed. And then there’s the eye-watering prices that the rarest and most exclusive NFTs can fetch, rendering them as little more than status symbols for ETH-rich whales.
Blind Boxes makes digital collectibles accessible to a mainstream audience by lowering the barriers to entry and the price of participation. While the rarest NFTs will still command a premium, much of the work released by creators will be within the reach of regular users, who can acquire the works of emerging and established artists and support their favorite creators.
How It Works
Great art doesn’t come cheap. For creators, every piece, be it a physical canvas, digital render, or audio track, has sunk costs in terms of time, energy, materials, and publication. Blind Boxes provides a way for artists to offset these upfront costs by raising funds before they begin the creative process. This gives them a foundation of support, and guarantees a minimum sales threshold for their work, while rewarding early supporters who can claim a slice of the action.
Using the Blind Boxes marketplace, collectors can purchase and open boxes containing limited edition and rare content, including unique works that are sure to be highly coveted. In addition, the Blind Boxes platform will allow creators to conduct tokenized crowdfunding campaigns in return for assigning their new material to paying supporters.
Using smart contracts, the Blind Boxes protocol will automatically award revenue to artists every time their work is resold while allowing its current owner to claim the bulk of the proceeds. This gives collectors early access to exclusive content and rewards them for their loyalty. What’s more, collectors can earn a passive income from future sales of work they’ve funded.
Additional Benefits for Creators and Collectors
Unlike traditional markets that often operate in an opaque manner, creators of these rare NFTs also have the ability to earn a stream of future passive income through smart contract enabled royalties, every time their work is resold in the secondary market.
Moreover, the Blind Boxes Fund offers additional support to promising creators in the form of grants to facilitate innovation in the dynamic and rapidly evolving NFT space. By ameliorating the financial hurdles often associated with ‘starving artists’, the fund will allow emerging talent to focus on their craft.
Blind Boxes will offer lower price thresholds and will also incorporate a payment gateway to accelerate mainstream adoption of NFTs while providing a boost to crypto rookies embarking on their digital collectible journey.
TOKEN
The governance token of the Blind Boxes platform is $BLES. Token holders have a direct stake in the management of the Blind Boxes DAO (Decentralized Autonomous Organization). Here they have the power to vote on decisions about the development the Blind Boxes platform.
Only 100M $BLES tokens will ever be minted. Users mine $BLES is by participating in the ecosystem. Collectors mine tokens by:
• opening Blind Boxes
• acquiring $BLES at centralized and decentralized exchanges
Creators mine tokens by:
• selling NFTs for $BLES
• receiving grants from the Blind Box foundation
$BLES, the native token of Blind Boxes is designed to play multiple roles — seeking active participation by creators and collectors alike, as well as encouraging stakeholders to partake in its effective governance, thus creating a robust ecosystem of rare, digital collectibles.
In order to derive maximum benefit for the holders of $BLES, the Blind Boxes team has meticulously studied various token offering use cases in the decentralized finance (DeFi) world. Best practices from various DeFi projects will be incorporated in $BLES, ensuring the vibrancy and enhanced development of this distributed community.
Acquiring a $BLES token
Blind Boxes plans to conduct an initial token sale during which 2% of the total supply of 100 million will be made available to the public through exchanges. This allows the project to unlock the initial liquidity required for the successful launch of the NFT marketplace. Further details on our token sale are available on our social channels and can also be availed by signing up for our newsletter on the Blind Boxes’ website.
Earning a $BLES token
A thriving ecosystem is paramount to the success of Blind Boxes and hence 50% of the entire supply is reserved for the community and will be issued over a period of time. Indeed, the more one engages with the platform, the more opportunities one gets to mint $BLES.
At the onset, there are several ways to mint $BLES:
· Opening Blind Boxes: Every time a collector opens a mystery box, he/she is eligible to receive $BLES tokens.
· Selling NFTs: $BLES can also be minted by creators who choose to sell their NFTs via the Blind Boxes marketplace. The more they sell, the more tokens they’re eligible to earn.
· Receiving a Foundation Grant: Budding creators in the Blind Boxes ecosystem can apply for a foundation grant in the form of $BLES tokens to financially support their creative endeavors.
· Participation in Community Events: Blind Boxes will regularly host competitions, as well as offer promotions and launch various campaigns to elevate the community experience. Participation in these events by creators and collectors alike is encouraged, to receive $BLES in accordance with their level of engagement.
· Collaboration on Special Projects: The Blind Boxes team will often announce special projects in order to encourage the community to showcase their unique talents. Participants collaborating on these projects will be rewarded with $BLES.
$BLES as a Utility Token
Stakeholders who regularly interact with the Blind Boxes ecosystem get to decide how the platform evolves over time. This function will be established through a Blind Boxes DAO (decentralized autonomous organization) where $BLES will be used as a governance token. The DAO will enable token holders to shape numerous developments, vote on various proposals and facilitate improvements to the platform as well as its underlying protocol.
About Ignition
Ignition is a featured product of PAID Network, operating as a decentralized swapping protocol that allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.
Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform, it FUELs projects and takes fundraising to the next level.
Ignition brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.
Source : https://www.youtube.com/watch?v=NoZLY65iW7A
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How and Where to Buy Blindboxes (BLES)?
BLES has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BLES
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since BLES is an altcoin we need to transfer our coins to an exchange that BLES can be traded. Below is a list of exchanges that offers to trade BLES in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase BLES from the exchange: Pancakeswap - March 26th, 2021 at 3:00 P.M. UTC
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BLES gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information BLES
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🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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