metadata: {"type": "project", "title": "Decentraplace", "logoImg": "bafkreics6yiz5f7nhg62mdkmrrebgpd73wszummjdzphyzy7db7pqe7d6i", "website": "https://decentraplace.io", "bannerImg": "bafkreifkquaij2wcy4iwjw2dmkmzox6n63x566vgkxiy32a4m3cd6p2ny4", "createdAt": 1698599474326, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..zNbwl0mphTD_JuUPzT87Fs_ijoPT2bEzgfOK6vPl8ay0tina8gc9Fw9YbHXZvaZYmqQ30pJq7RtIfI2-1Z2lCA", "type": "Ed25519Signature2018", "created": "2023-10-29T17:10:55.766Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-10-29T17:10:55.766Z", "expirationDate": "2024-01-27T17:10:55.766Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xebDd474f45eEADcAaa1fbF98Fd221446e2854DB4", "hash": "v0.0.0:AJmpvMndGWG8URC06pu31y4eTF1ywM9ODaUqWCFWNuU=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#decentr_place"}}}, "description": "Welcome to Decentraplace- The fusion of r/Place and web3.\nOur platform makes it possible to collaborate on pixelart NFTs. Utilizing smart contracts we tokenized the concept of r/Place and create a investment product around this seemingly simple concept. Decentraplace is a mix between an ERC20 Token and a ERC1155 collection.\u00a0 \n\nWrite your artworks and ownership of every change that you initialized permanently onto the blockchain by burning PLACE tokens on a 1:1 ratio and a paying protocol fee of 0.0001ETH. This gets triggered by a smart contract function that records the changes. To interact with the fucntion you just need to click a pixel, select the color and approve the transaction in your wallet. It's very seemless and easy!\n\nOur platform incentivizes users to burn $PLACE on a 1:1 ratio to color onchain pixels on decentraplace.io\u00a0and recieve APY boosting NFT on a monthly basis . The most active user of the month takes home 90% of burned tokens.\n\nThe more people use the platform, the more $PLACE tokens are burned and removed from the supply, which increases the value of the remaining tokens and rewards active users & holders.\n\nIt also creates a unique correlation between platform usage and deflation rate, incentivizing users to be active and contributing members of the community.\n\nTo further incentivize activity, we have created a function that allows us to mint 90% of burned tokens and send them to the most active user of the month. This happens in one transaction and also resets the count of burned tokens back to 0 to removes the remaining 10% from the supply.\n\nThis function will only be used if there is sufficient activity on the platform. If there are no available burned Tokens, no new tokens can be minted.\n\n\u200bWe will be taking monthly snapshots of the top 1000 users and distributing them NFTs.\n\nThese NFTs can be used to boost $PLACE staking APY by 1% per NFT.\n\nThis means that the more NFTs a user has, the higher their APY will be.\u00a0\nMonthly NFT drops,\n\nIPFS-free image storage,\u00a0 Permanent pixel art.\n\nWe have over 200 beta testers onboarded, have successfully completed a total of 6 testNFT snapshots on the Sepolia Testnet, improved UX and\nmade sure everything works like it should before we start the mainnet launch.\n\nJoin and earn PLACE and OnChain NFT's through exiting reward mechanisms that you never seen before!\n\n\u200b", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "decentr_place"}
name: Decentraplace