A sanctuary for serious investors, a conclave where ambition and vision coalesce. A realm of order, precision, and unparalleled sophistication. ๐๐ฆ
Welcome to The Formals, a sanctuary sculpted for the discerning investor. Our mission transcends mere collection; we aim to redefine investment paradigms within the Solana ecosystem, fostering a culture of precision, order, and sophistication
BREAKING: U.S.PRESIDENTIAL CANDIDATE @realDonaldTrump DECLARES THAT HE IS "VERY POSITIVE AND OPEN MINDED TO CRYPTOCURRENCY COMPANIES, AND ALL THINGS RELATED TO THIS NEW AND BURGEONING INDUSTRY"
What is an SPL404 and why should you care about Hybrid DeFi?
๐ง๐;๐๐ฅ ๐ถ๐โ๐ ๐ฎ๐ป ๐ก๐๐ง ๐๐ต๐ฎ๐โ๐ ๐ฎ๐น๐๐ผ ๐ฎ ๐ง๐ผ๐ธ๐ฒ๐ป
An SPL404 is a non-fungible token thatโs minted via Solanaโs Token22 standard and has properties that allow a creator to set an intrinsic token value to each NFT. This means each NFT in an SPL404 collection = x number of tokens. This assigned number of tokens per NFT can vary based on each collection and their unique tokenomics. Things like NFT rarity can also have different token allotments per NFT
๐ช๐ต๐ ๐ฑ๐ผ๐ฒ๐ ๐๐ต๐ถ๐ ๐บ๐ฎ๐๐๐ฒ๐ฟ?
Having properties of both a fungible token and a non-fungible token is a best of both worlds scenario.
๐๐๐ป๐ด๐ถ๐ฏ๐น๐ฒ๐:
- Instant liquidity
- Lower barrier to entry
- Larger community
- Garner interest from DeFi/Crypto natives
๐ก๐ผ๐ป-๐ณ๐๐ป๐ด๐ถ๐ฏ๐น๐ฒ๐:
- Art and traits
- Brandable PFP
- โRe-rollโ to get rare traits
- Massive potential for in game items and lootboxes
๐๐ผ๐ ๐ฑ๐ผ ๐ ๐๐๐ฎ๐ฝ?
Swaps are still in an early stage, and teams are working to make the process even easier and more efficient.
Thankfully @MutantLabs_ and others offer custom built services on projectsโ websites for swaps, making it a bit easier.
๐ก๐๐ง -> ๐ฆ๐๐ฎ๐ฝ -> ๐ง๐ผ๐ธ๐ฒ๐ป -> ๐ฆ๐๐ฎ๐ฝ
You can also sell your NFT like normal on an NFT marketlace, and the same is true on the token side with an exchange.
The best & easiest thing to farm rn is @sanctumso
When you deposit SOL for jupSOL, your SOL is staked.
holding jupSOL, you earn staking rewards!
+ itโs a mfing cloudโฆ
@timsamoylov@sanctumso Extremely inspiring to see builders build.
Creating sustainable products that benefit the ecosystem, generate real utility and bring formality and sustainability to this ecosystem.
Inspiring. ๐๐ฆ
As a Civil Engineer with a keen interest in Solana's potential, I'm eager to contribute my knowledge to building robust infrastructures within the blockchain space. Let's construct a future of solidity and progress ๐๏ธ๐๐ @TheFormalsOnSol
@gr3gor14n@369slim Been in that position. First of all congratulations. Itโs amazing to see something like that pure discipline and conviction and it went good.
Iโve been and have helped in ways to offload crypto from chain to IRL with all the tax and peace of mind efficiencies.
Lets connect!
Cashed out all my crypto holdings in late 2021 to buy a crappy house in a rough area as my wife was pregnant, and we were sick of the renting cycle (inspections, moving constantly, prices raising)
Spent the last 3 years grinding my ass off from literally 0 to 7 figures
Been here growing organically.
Our team keeps working in top tier partnerships while working to have a state of the art system in place for our holders.
Join FORMALS.
Glad to present our first 1/1 piece.
@SOLBigBrain has always been a leader with serious proposals and a long term vision for the ecosystem.
He is one of the inspirations for our project.
Bringing sustainable financial results to holders.
We expect you like it Big Brain ๐ง ๐
Make sure your are farming @getgrass_io
Next big airdrop. Great team and sustainable thesis behind it. Less than 2 minutes to be all set up.
Don't be crying when others get rewarded and you don't for your laziness.
https://t.co/aGCVw30a75
Actively engaging in conversations with different De-Fi platforms on the space to explore opportunities to maximise our DAO returns.
Remember our economic model included a bi-monthly airdrop back to holders.
FORMALS rewards with constant utility and also increasing their value on the market.
A two way street of utility, based on the principles described in previous threats by our CFO @formalmunger
Ready to join FORMALS?
๐๐ฆ
In our strictly developed finance plan which includes a controlled risk of DAO assets we have looked into the different staking opportunities and how to leverage them in a sustainable portfolio for investors.
In a space of chaos, Formals emerge as a safe house for your investments.
๐๐ฆ
What can you do with Marinade?
- Stake SOL across 100+ validators with Marinade Native or get liquid mSOL
- Redelegate stake account instantly to mSOL
- Direct stake to a validator with mSOL or MNDE
- Lock MNDE to vote & direct stake (w/Governors Bonus)
- Supply SOL liquidity
Embark on a journey of evolution with Formals, where traditional investors converge with the innovation of Web 3.0.
Experience the seamless fusion of artistry, utility, and sustainability in NFT investment.
๐๐ป
Introducing our innovative FORMALS DAO model:
Bi-monthly airdrops of investment utility to holders.
Not only does this scheme reward with interest and yield performance, but it also amplifies the value of each share (FORMALS NFT).
Reshaping the landscape of NFT investment.