Opulous has determined to associate with TrustSwap for the following OPUL IDO token on June 30, 2021, beginning at 11pm Vietnam time.
Opulous (OPUL) is the primary of its form, bringing decentralized finance to the music trade. The mission will present the springboard for the primary copyrighted music NFTs and DeFi loans that can change the way in which artists entry the funding they want.
The mission is issuing a multi-chain token on Ethereum and Algorand and presents customers the flexibility to decide on the chain they want to use on the platform. Opulous is presently working with Algorand to construct a bridge that facilitates transfers between each blockchains.
Meanwhile, partnerships and agreements are established with main exchanges to assist their multi-chain OPUL ETH / ASA tokens. This signifies that customers will be capable to deposit ETH tokens, then withdraw ASA and vice versa.
The Opulous platform has three fundamental capabilities:
- NFT Launchpad
- NFT alternate
- DeFi Loans
Opulous Music NFTs are a brand new type of non-fungible token that enables homeowners to share earnings from future track royalties and different unique rewards, in alternate for social media assist. .
The extraordinary peer-to-peer DeFi loans have eradicated conventional banks, middlemen and massive labels, permitting artists to entry predictable royalty-based cash with out it being created in 12 months.
The Opulous Ecosystem
NFT Launchpad
Opulous is the primary platform to launch copyright-supported music NFTs. Unlike different NFTs, the Opulous Token supplies holders with a share of their music’s future royalty earnings together with unique rewards and fan experiences.
Anyone who owns these modern NFTs will receives a commission each time a track is performed on Spotify and different main music companies. It additionally signifies that their worth can enhance as an artist’s profession progresses.
Fans and traders won’t solely obtain royalties, however can even unlock different unique rewards corresponding to backstage tickets, present tickets and merchandise just by sharing the music on social media.
NFT holders also can observe and withdraw their earnings instantly from their Opulous account and trade their NFTs on the following NFT Opulous Exchange.
NFT alternate
The NFT Opulous alternate creates a brand new music-based sharing financial system the place anybody should purchase and trade NFT copyrighted music for a share of the generated royalties.
For instance, a music fan may discover an underrated track that they know will grow to be extra fashionable over time. They can buy it as NFT Opulous, assist an artist from the beginning of their profession, and earn rising rewards because the observe turns into beneficial and fashionable.
DeFi Loans
Opulous presents low-risk DeFi loans backed by actual music property and future royalties.
Despite incomes a gradual royalty earnings, too many artists are turned away from conventional banks or compelled to deal unfairly with the majors.
By evaluating the artists’ royalty experiences from earlier years, Opulous can precisely predict how a lot cash the artist will generate over the following 12 months and provide this cash as a mortgage.
On the opposite hand, traders can stake their crypto property on the platform to generate excessive returns. Unlike most DeFi platforms, Opulous Loans are all the time backed by predictable music property from a workforce of consultants, which significantly reduces the funding threat. To keep away from non-compliance, Opulous will preserve the copyright used as a assure till the total quantity is refunded.
Tokenomics
Transactions in Opulous will use the platform’s native OPUL token, which has a set provide and could be bought via a wide range of decentralized and centralized exchanges. Users also can buy NFTs instantly with a credit score or debit card.
Users can stake OPUL tokens in excessive curiosity mortgage swimming pools. Token holders can even obtain particular reductions on sure transactions and unique entry to NFT gross sales from main artists.
Team and advisor
Opulous has attracted a senior workforce and advisory board of consultants from world wide of music and cryptocurrencies.
Details IDO Opulous
Safe boot course of
To guarantee a clean and safe OID, Opulous has agreed to:
- Get a full SSL certificates for his or her area one week earlier than the presale date.
- Domain protected by Cloudflare and submitted a proof to TrustSwap one week earlier than the sale date.
- Reveal the maturation schedule of all tokens, together with groups, strategic traders, private sale, KOL, and so on.
- Add at least $ 200,000 of liquidity to the DEX instantly after itemizing.
- Distribute tokens to attendees inside one hour of the DEX checklist utilizing multisend.io.
- Block liquidity inside 3 hours of itemizing inside at least 60 days at http://team.finance.
- Provide the progress of token distribution and token distribution inside one hour of the agreed time.
- There is at the least one neighborhood moderator on each social platform (Discord, Telegram, and so on.) lively 24/7 for the primary 7 days after DEX launch.
Join and distribute
Anyone can apply for OPUL IDOs so long as they’re eligible, together with these outdoors the TrustSwap ecosystem. However, the appliance doesn’t assure the project.
If the OPUL token provide is in extra, the TrustSwap neighborhood shall be given choice as follows:
Anyone with a SWAP staking higher than 4,000 or a SwapScore higher than 2500 at the beginning of the IDO (immediate at 11pm on June 30, 2021) will obtain the assured award primarily based on the degrees within the desk under.
Step by step directions
- From 11pm VN on June 30, 2021 to 11pm Vietnam on July 1, entry https://dashboard.trustswap.org/app/launchpads
- Complete the mandatory steps and confirm your id.
- The gate will shut after 24 hours. There shall be a ready interval of as much as 48 hours whereas the Opulous workforce finalizes the inner processes.
- If your request is profitable, you’ll obtain an e-mail telling you ways a lot you should buy. You could have 24 hours to deposit, in any other case your slot shall be bought to others.
What ought to I do to organize for IDO?
Based on the necessities established for assured allocation, level your SWAP tokens earlier than the above-mentioned expiration.
Take a photograph of your government-issued ID card (passport, driver’s license, or every other type of government-issued ID along with your picture).
Take an image of your self holding your ID card with a word that claims “Opulous June 30, 2021”.
Submit your knowledge and paperwork at any time through the 24 hour interval a https://launchpad.trustswap.org/
In order to not miss any vital information from Opulous, be part of and focus on Opulous Vietnam right here: Notification channel | Community for discussion
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