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Truly unique:
Co-creating NFTs, having fun and earning yields

The 1000Blocks platform leverages Blockchain technology, running on the Binance Smart Chain (BSC). It utilizes BNB coins and our native BLS token as its primary crypto assets.

On the 1000Blocks Dapp users can enter a Space and claim blocks. What happens when a block is claimed depends on the rules of the Space. Each Space is unique! The only thing in common to all Spaces: 1. At some point a snapshot is done and a NFT is minted. 2. Every time a block is claimed, Universal Rewards Pool’s value goes up!

All the key pieces of the platform are explained bellow:

1. The User

We consider anyone who access the 1000Blocks Dapp and connects a Wallet to be a User. Connect your wallet via MetaMask to use the Dapp on both desktop and mobile. For both, desktop and mobile. Other providers such as TrustWallet are still being tested.

Once connected to the Dapp, Users can:

  • participate in the co-creation of an NFT
  • stake BLS tokens
  • yield rewards from Rewards Pool
As we continue to innovate, Users will have more opportunities to express their creativity, engage with the community and yield rewards.

2. The Dapp

The 1000Blocks Dapp (currently optimized for desktop) is the primary way to interact with the platform. The Dapp gives the end-user a graphical user interface to be able to co-create an NFT in a simple and fun way. Through the 1000Blocks Dapp the user will have access to various Spaces, see the status of the Rewards Pool, stake BLS tokens in the Vault and harvest yields.

Launch App

Global Header

The Global Header provides quick access to key features and is the starting point to connect to the Dapp.

3. SPACES

The centerpiece of the 1000Blocks Dapp. A Space is a virtual place for users to co-create a NFT and earn yield in the process. Very important to know: every Space has its own rules. These rules dictate:

  • How many Blocks a user can claim?
  • On what interval?
  • What happens when a Block is claimed?
  • How big is the yield?
  • When the NFT will be minted?
  • Etc...
The rules of each Space can be found in the Space itself.

Space Selector

The Space Selector is the first thing the User sees when opening the Dapp. It provides an overview of all Spaces the User can join.

Space Canvas

The Space Canvas is the center piece of the Dapp. A grid, that consists of 1008 blocks (42*24). 8 blocks are by default covered with the platform logo. 1000 are left for the user to interact with.

Space Navigator

Your best friend when exploring a Space, the Space Navigator shows all information and available actions, such as claiming blocks or harvesting rewards.

BLOCKS

The main elements of every Space. Each space has 1008 of them (42x24). 8 have an Owner from the start. 1000 are up for grabs when the Space opens.

Claiming Blocks

Blocks can be Claimed. How many Blocks one can claim and how often depends on the rules of the Space. Same goes for the Claim Fee (CF).

Block Take Over

The rules of each space will dictate if, when and for how much (the Take Over Fee) a block can be taken over.

Earning Yields

As long as one is the Owner of a block (content is visible) one earns yields. The yields are earned in BLS.

4. Rewards Pool

Different spaces have different rules. But one is common to all: the majority of the proceeds collected through the creation process and the final auction of the NFT go to the Rewards Pool.

There is one global Rewards Pool. The sum in the Pool gets linearly distributed over the course of 21 days (from the time of the last transaction to the Pool) to all users who have tokens staked in the Vault. Of course, relative to the percentage of their stake in the Vault.

It can be, that in the future some Spaces will also have a local Rewards Pool only accessible to participants in that particular space. But for now, we have one "to rule them all"

5. The Vault

Where the magic happens. A user can stake BLS tokens into our Block Space Vault. Here’s a quick working example of the linear distribution of rewards, outlined in section 4, for staking BLS in The Vault:

  • You have staked 10.000 BLS
  • In the Vault, there is a total of 1.000.000BLS
  • Your relative stake is 1%
  • The Rewards Pool is 100BNB
  • If nothing changes you will over the course of 21 days receive 1BNB (0.0476 per day)

Important to note: when a user withdraws from the Vault, 1% of his tokens get burned. Currently one can only Withdraw the full staked amount.

6. BLS Token

Our 1000Blocks.Space platform has its native token called the BLS Token. The token can be used for multiple purposes such as participating in a Space, earning rewards and staking. More utility will be added over time. To find more about the BLS token please visit the token page.

All about the BLS Token