What are SFT drops?
An SFT drop occurs when a new Semi-Fungible Token (SFT) is released on the EYECO platform. These drops can take various forms, including public releases or exclusive drops for specific individuals or groups.
Allowlists:
Definition: An allowlist is a list of crypto wallet addresses that is pre-determined by the merchant conducting the SFT drop. Being on the allowlist provides early access to the SFT minting process.
Benefits: Being on the allowlist is akin to having VIP access to a nightclub. Individuals on the allowlist can skip the line and participate in the SFT drop before it opens to the wider public.
Allowlist Criteria: Merchants may determine allowlist eligibility based on factors such as holding other SFTs from the same merchant, influencer status, or active participation in the community.
Drop Schedules:
Definition: The drop schedule, also known as the mint schedule, outlines the stages and timing of an SFT drop. It specifies when different groups of participants can mint SFTs.
Multiple Phases: SFT drops typically consist of multiple phases. The most common include an "allowlist phase" or "pre-mint" phase, which grants early access to those on the allowlist.
Eligibility and Timing: The drop schedule clearly defines who is eligible to mint SFTs and when they can do so. It helps participants understand the timeline and structure of the drop.
Participating in SFT Drops on EYECO:
Drops: SFT drops occur almost daily at: https://www.eyeco.com/drops/ , providing regular opportunities for users to engage with new SFTs.
Drop Page: Users can access a project's drop page before the drop goes live here: https://www.eyeco.com/drops/ . This page provides essential information about the upcoming SFT, including its mint schedule and details about the merchant behind the SFT.
Simplified Participation: Participating in a project's drop on EYECO is designed to be user-friendly and accessible, allowing investors to engage with SFTs seamlessly.
Transparency: The platform ensures transparency by offering clear information about each SFT drop, enabling potential investors to make informed decisions.
SFT drops, with their allowlists and structured schedules, contribute to the excitement and accessibility of the EYECO platform, allowing a wide range of participants to engage with promising SFTs in a transparent and organized manner.