Important links: LinkTree
IBCÂ Frens is a collection of Alien (and frens) characters, so-called doodle art merged with Tim Burton's Nightmare before Christmas. These are space travelling aliens and frens, exploring and building all over the IBC (mainly through IBCNFTs.com).
The concept of a world's first DPO is in the works, where community and the IBCÂ Frens NFT collection is at the core.
Learn more by reading 'Benefits', 'Community', and reviewing our 'Space Chart' and downloading our 'Spacelogs'.
Join us on a pastel colored space adventure in Stargaze (part of the IBC ecosystem).
Keyword: Fun & Longevity.
#FrensWithBenefits #OnlyFrens #Culture
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IBCÂ Frens are part-owners of IBCNFTs.com, where we build resources and provide value through the platform (products & services) and our growing community. As a result, IBCÂ Frens DAO can generate revenue and benefits from those operations.
It's still early days in our lifetime journey. So far, the passive income from holding IBCÂ Frens NFTs are limited to validator commission refunds and airdrops from revenue extracted from the IBCNFTs.com incubator program, and revenue from advertisements on IBCNFTs.com.
As our project grows, we'll create additional revenue streams which will continue to reward IBC Frens NFT holders through so called "revdrops".
Besides what's listed below, IBCÂ Frens regularly have community events with prizes, regular raffles and other fun stuff that reward holders. More on that in the next section of this page.
IBCÂ Frens are part-owners of IBCNFTs.com, where we build resources and provide value through the platform (products & services) and our growing community. As a result, IBCÂ Frens DAO can generate revenue and benefits from those operations.
It's still early days in our lifetime journey. So far, the passive income from holding IBCÂ Frens NFTs are limited to validator commission refunds and airdrops from revenue extracted from the IBCNFTs.com incubator program, and revenue from advertisements on IBCNFTs.com.
As our project grows, we'll create additional revenue streams which will continue to reward IBC Frens NFT holders through so called "revdrops".
Besides what's listed below, IBCÂ Frens regularly have community events with prizes, regular raffles and other fun stuff that reward holders. More on that in the next section of this page.
Currently, IBCÂ Frens are securing several networks in the IBCÂ ecosystem through IBCNFTs.com. We are actively looking at new opportunities to expand our active set, where each new validator slightly increases the utility of holding IBCÂ Frens NFTs while staking and earning rewards.
The validator commission refund structure looks as follows:
⢠1x IBC Frens NFT = 10% validator commission refund.
⢠2x IBC Frens NFT = 20% validator commission refund.
⢠3x IBC Frens NFT = 30% validator commission refund.
⢠4x IBC Frens NFT = 40% validator commission refund.
⢠5x IBC Frens NFT = 50% validator commission refund.
Refunds are based on commission you paid while actively staking in IBCNFTs.com validators (on a monthly basis).
Currently, we have active validator nodes in Stargaze, Sifchain, and BitCanna. You can delegate through the links below.
Currently, IBCÂ Frens are securing several networks in the IBCÂ ecosystem through IBCNFTs.com. We are actively looking at new opportunities to expand our active set, where each new validator slightly increases the utility of holding IBCÂ Frens NFTs while staking and earning rewards.
The validator commission refund structure looks as follows:
⢠1x IBC Frens NFT = 10% validator commission refund.
⢠2x IBC Frens NFT = 20% validator commission refund.
⢠3x IBC Frens NFT = 30% validator commission refund.
⢠4x IBC Frens NFT = 40% validator commission refund.
⢠5x IBC Frens NFT = 50% validator commission refund.
Refunds are based on commission you paid while actively staking in IBCNFTs.com validators (on a monthly basis).
Currently, we have active validator nodes in Stargaze, Sifchain, and BitCanna. You can delegate through the links below.
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Revdrop is a term we coined, essentially it's an airdrop based on revenue generated in IBC Frens and IBCNFTs.com. Since airdrop is a general term we want to specify the specific dynamics of this utility of the IBCÂ Frens NFT.
When asked "what is the utility of IBCÂ Frens?" - revdrop is what we consider to be the main benefit alongside the community and being part of building in the IBCÂ ecosystem with passionate frens.
As mentioned, revdrop is based on revenue generated in our project. This includes %APR generated from staked funds, secondary market proceeds from IBC Frens NFT, IBCNFTs.com validator operations, fees and proceeds from projects incubated by IBCNFTs.com, ad revenue generated through IBCNFTs.com and our channels, 'freemium' tools and services offered through IBCNFTs.com, etc. Literally any type of activity we pick up which generates funds for the DAO.
As outlined in Spacelog #17, our plan is to add utility NFTs (free and exclusive to IBCÂ Frens NFTÂ holders) to the Frens Universe, along with building on-chain dApps. Holding IBCÂ Frens NFTs and using these utility NFTs will enable access to the utility we offer. The main concept we are developing is a utility NFT used for staking IBCÂ Frens NFTs (without lock-up period) which will be required to receive the airdrop. This will add storylines, user-journeys and semi-passive participation to the IBCÂ Frens utility.
The work outlined above will delay the first revdrop, pending development work. However, the revenue for the first revdrop is already accruing. And as you all know, we are actively developing and maintaining other parts of the project - effectively creating more revenue streams.
Revdrop is a term we coined, essentially it's an airdrop based on revenue generated in IBC Frens and IBCNFTs.com. Since airdrop is a general term we want to specify the specific dynamics of this utility of the IBCÂ Frens NFT.
When asked "what is the utility of IBCÂ Frens?" - revdrop is what we consider to be the main benefit alongside the community and being part of building in the IBCÂ ecosystem with passionate frens.
As mentioned, revdrop is based on revenue generated in our project. This includes %APR generated from staked funds, secondary market proceeds from IBC Frens NFT, IBCNFTs.com validator operations, fees and proceeds from projects incubated by IBCNFTs.com, ad revenue generated through IBCNFTs.com and our channels, 'freemium' tools and services offered through IBCNFTs.com, etc. Literally any type of activity we pick up which generates funds for the DAO.
As outlined in Spacelog #17, our plan is to add utility NFTs (free and exclusive to IBCÂ Frens NFTÂ holders) to the Frens Universe, along with building on-chain dApps. Holding IBCÂ Frens NFTs and using these utility NFTs will enable access to the utility we offer. The main concept we are developing is a utility NFT used for staking IBCÂ Frens NFTs (without lock-up period) which will be required to receive the airdrop. This will add storylines, user-journeys and semi-passive participation to the IBCÂ Frens utility.
The work outlined above will delay the first revdrop, pending development work. However, the revenue for the first revdrop is already accruing. And as you all know, we are actively developing and maintaining other parts of the project - effectively creating more revenue streams.
The commercial structure of the IBCNFTs.com incubator service will be flexible. The projects we incubate will have different shapes and sizes, as such, the fee structure need to be adapted from project to project. What all projects we incubate are going to have in common is NFT airdrops* to IBC Frens NFT hodlers. We will always secure a portion of the supply for our community and proceed to raffle these.
As an example, the first incubator project we'll secure 10% of the supply for IBCÂ Frens. 10% is rather high figure and the allocation for airdrops will vary from project to project.
*Airdrop is used for a lack of better wording. The process of receiving incubator NFTs through the raffles will always require a form of opt-in to create eligibility for raffle. Long-term we will create utility NFTs for these raffles, along with on-chain dApps for participation and redemption (please reference Spacelog #17).
The commercial structure of the IBCNFTs.com incubator service will be flexible. The projects we incubate will have different shapes and sizes, as such, the fee structure need to be adapted from project to project. What all projects we incubate are going to have in common is NFT airdrops* to IBC Frens NFT hodlers. We will always secure a portion of the supply for our community and proceed to raffle these.
As an example, the first incubator project we'll secure 10% of the supply for IBCÂ Frens. 10% is rather high figure and the allocation for airdrops will vary from project to project.
*Airdrop is used for a lack of better wording. The process of receiving incubator NFTs through the raffles will always require a form of opt-in to create eligibility for raffle. Long-term we will create utility NFTs for these raffles, along with on-chain dApps for participation and redemption (please reference Spacelog #17).
As part of the 'Draw-A-Fren Coloring Book' outlined in 'Community', we will launch a 'IBCÂ Frens NFT - Community Edition' collection later this year. The NFTs will be based on winning submissions from the recurring, monthly instalment of Draw-A-Fren. Where winners will have their colorbook art minted as NFTs - owning the creative rights along with mint proceeds and lifetime royalties.
Everyone can draw a fren and join the event, but only IBCÂ Frens NFT holders are eligible for the 'IBCÂ Frens NFT - Community Edition' and the perks of having their own NFT.
As part of the 'Draw-A-Fren Coloring Book' outlined in 'Community', we will launch a 'IBCÂ Frens NFT - Community Edition' collection later this year. The NFTs will be based on winning submissions from the recurring, monthly instalment of Draw-A-Fren. Where winners will have their colorbook art minted as NFTs - owning the creative rights along with mint proceeds and lifetime royalties.
Everyone can draw a fren and join the event, but only IBCÂ Frens NFT holders are eligible for the 'IBCÂ Frens NFT - Community Edition' and the perks of having their own NFT.
A large part of IBCÂ Frens is the community, all IBCÂ Frens holders are integral to what's being done and worked on. Sometimes the value and recognition of our NFTs takes a backseat as we focus on community aspects of our project.
Building a strong, durable community takes time, and should happen organically. Hype and short-cuts for growth doesn't provide a strong foundation for a solid community. Which is why we focus on building what we've set out to build in the scope of IBCNFTs.com, at our own pace, and with conviction. Then we let other aspects of our project grow organically, such as community, # of holders, and overall value. We believe our efforts in building and providing value for others will bring us the type of growth we would like. We also prefer to activate our community in reaching new frens rather than relying on conventional marketing that tends to focus on quantity, rather than quality.
We can afford this slow-growth approach as it allows us to grow at a manageable pace, and we have plenty of run-way in terms of resources to pay for expenses and development along the way - allowing us to execute on our plan and vision.
We regularly organize community events to drive engagement, where we always incorporate a level of outreach on the behalf of frens that participate.
Below you can read about recurring community events that are accessible to verified holders and have exclusive benefits for frens.
A large part of IBCÂ Frens is the community, all IBCÂ Frens holders are integral to what's being done and worked on. Sometimes the value and recognition of our NFTs takes a backseat as we focus on community aspects of our project.
Building a strong, durable community takes time, and should happen organically. Hype and short-cuts for growth doesn't provide a strong foundation for a solid community. Which is why we focus on building what we've set out to build in the scope of IBCNFTs.com, at our own pace, and with conviction. Then we let other aspects of our project grow organically, such as community, # of holders, and overall value. We believe our efforts in building and providing value for others will bring us the type of growth we would like. We also prefer to activate our community in reaching new frens rather than relying on conventional marketing that tends to focus on quantity, rather than quality.
We can afford this slow-growth approach as it allows us to grow at a manageable pace, and we have plenty of run-way in terms of resources to pay for expenses and development along the way - allowing us to execute on our plan and vision.
We regularly organize community events to drive engagement, where we always incorporate a level of outreach on the behalf of frens that participate.
Below you can read about recurring community events that are accessible to verified holders and have exclusive benefits for frens.
Every Thursday we have a GameNight (or day depending on where you are), in the IBCÂ Frens Discord.
We either play Discord-based games or games that are free-to-play and easily accessible. GameNights is all about frens, fun and prizes.
Every Thursday we have a GameNight (or day depending on where you are), in the IBCÂ Frens Discord. We either play Discord-based games or games that are free-to-play and easily accessible. GameNights is all about frens, fun and prizes.
Every now and then we'll call all frens to their desks for the FrensPress community event. Here we will ask frens to create content with the purpose to engage and/or educate everyone around us, about IBCÂ Frens and IBCNFTs.com.
FrensPress entries can be Twitter Threads, Medium articles, YouTube videos, Charts/Graphs, Timelines, and so on. Anything goes and what's needed is a Tweet including the content and the hashtag #FrensPress.
The first edition of FrensPress ran in August 2022 and features 10 prizes, including a Rank #1 Secret Network Bot from IBCÂ Frens Wave II.
Every now and then we'll call all frens to their desks for the FrensPress community event. Here we will ask frens to create content with the purpose to engage and/or educate everyone around us, about IBCÂ Frens and IBCNFTs.com.
FrensPress entries can be Twitter Threads, Medium articles, YouTube videos, Charts/Graphs, Timelines, and so on. Anything goes and what's needed is a Tweet including the content and the hashtag #FrensPress.
The first edition of FrensPress ran in August 2022 and features 10 prizes, including a Rank #1 Secret Network Bot from IBCÂ Frens Wave II.
Draw-A-Fren includes a monthly coloring book and social media engagement (through the hashtag #DrawAFren).
Before the 1st of every month (except August 2022), we prepare a coloring book based on NFT submissions from holders. Ten of these submissions are selected and stripped of their colors and included in a coloring book with simple black and white outlines.
Frens can then print the coloring book onto physical paper or render digital drawings. Photoshop, Paint, crayons, crayolas, felt-tips, you name it - everything goes!
Coloring submissions are then tweeted on Twitter and shared in the Discord through the 1st of every month until the 21st of every month. After that, we compile the top submissions and put them up to a community vote in the Discord. The top winning submissions based on community vote are then awarded prizes in the form of NFTs and/or tokens.
The winning submissions are also entered into the 'IBCÂ Frens NFT - Community Edition' that is set to be minted later this year. More details on this in the previous section #FrensWithBenefits.
Draw-A-Fren includes a monthly coloring book and social media engagement (through the hashtag #DrawAFren).
Before the 1st of every month (except August 2022), we prepare a coloring book based on NFT submissions from holders. Ten of these submissions are selected and stripped of their colors and included in a coloring book with simple black and white outlines.
Frens can then print the coloring book onto physical paper or render digital drawings. Photoshop, Paint, crayons, crayolas, felt-tips, you name it - everything goes!
Coloring submissions are then tweeted on Twitter and shared in the Discord through the 1st of every month until the 21st of every month. After that, we compile the top submissions and put them up to a community vote in the Discord. The top winning submissions based on community vote are then awarded prizes in the form of NFTs and/or tokens.
The winning submissions are also entered into the 'IBCÂ Frens NFT - Community Edition' that is set to be minted later this year. More details on this in the previous section #FrensWithBenefits.
You'll find no vague promises of future value here.
Instead of all that mumbo jumbo, we will show you what is actually happening, and what's being considered.
Transparency. And fun.
You'll find no vague promises of future value here.
Instead of all that mumbo jumbo, we will show you what is actually happening, and what's being considered.
Transparency. And fun.
Download specific Spacelog updates to learn more about IBCÂ Frens, or catch up with the project if you've been away for awhile.
Our Spacelogs are released on a weekly basis, every Monday (covering the previous week). This is followed by Community Space in our Twitter every Monday at 09:00 PMÂ UTC.
The validators named IBCNFTs.com are all part-owned by IBCÂ Frens.
