A collection of 5555 unique NFT characters that inhabit the shattered world of Estaria. Oldeus NFT Collection is your entry point to the decentralization of fiction.
Introduction
The Oldeus NFT collection will have a Total Supply of 5555 NFTs, broken down as:
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Public auction allocation: 2000 NFTs
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Guild list mint allocation: 3270 NFTs
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Team treasury allocation: 285 NFTs
The minting event is going to be a celebration of our community! We welcome everyone to join the universe of art, immersive experiences, and mind-bending stories.
We have made sure that every participant will get a special token of appreciation, regardless of whether they end up minting an NFT or not. Moreover, the team is bringing innovation to elevate the user experience and create a more transparent minting process.
Introducing the Soulbound Token (SBT) with DYNAMIC metadata. Developed by Felix Nordén and his team.
Stage 1: Public Auction w/ an SBT - 15 DEC // 9 AM EST // THU
The first minting stage will be a public auction. We listened to community feedback and are aware of the current market sentiment, so we decided to set a very affordable minimum bid of 0.05 ETH to ensure everyone can join the auction.
Soulbound Token (SBT) - Oldeus: Mythics
As soon as you bid, you automatically receive an SBT from our collection called Oldeus: Mythics. Each SBT will play an important role in the future of our brand and potentially reward long-term holders.
The SBT is essentially a token tied to one specific crypto wallet. SBTs cannot be transferred or sold. What’s more, we are bringing dynamic metadata to these SBTs. This is our way of innovating within Web3, bringing it one step further along.
5-tier system for public auction
There are 5 tiers of Mythic SBTs. Each type of SBT has its own traits and will be evolving in its own way.
The SBT will be directly connected to the auction’s public leaderboard. Think of the SBT as your proof of participation. Each token will change LIVE based on your position in the auction leaderboard. The dynamic metadata will be updating automatically, changing the artwork and other traits of the SBT. These changes will affect the future utility, one of which is exclusive access to “Child of the Promised Land'' – a collection that will explore a new creative direction and help us further expand the Oldeus ecosystem.
The SBT also contains special badges: Estarian, Adventurer, Knight, and MVP. If you have any of these roles on Discord, you will be able to collect a badge when joining the auction. Just make sure to use the same wallet you submitted for the Guild list.
Tier system
Tier I — Top 25 bidders
Tier II — Top 100 bidders
Tier III — Top 500 bidders
Tier IV — the rest of the auction winners
Tier V — all auction participants who didn’t win (couldn’t reserve the spot due to their bid being lower than the final price of the NFT)
As you can see, every auction participant will get their own SBT, even those who don’t win the auction will essentially get a free SBT. Of course, bidders who bid the most will receive a higher tier of SBT.
How the Public Auction works
Auction timeframe: 48 hours
Minimum entry bid: 0.05ETH.
All the bids are put into 1 auction pool. Oldeus public auction is backed by a system that leverages the SBT and auction data on-chain to update the final NFT mint price in real-time. This means that you will be able to see your position in the leaderboard and the amount of NFTs you will get at any given time.
The NFT mint price is calculated through an optimization algorithm taking supply and demand into account. We allocate 2000 NFTs in the leaderboard to the top bidders such that the price can be as high as possible without exceeding the bid of up to 2000 bidders.
Given that multiple NFTs can be allocated to one bidder, the algorithm optimizes in a breadth-first approach on the leaderboard to find the optimal price. The algorithm has been tested to work on 10,000+ bidders at a sub-second (~4 milliseconds) computation time to avoid any delays in price and leaderboard updates.
Everyone will be able to claim the number of NFT(s) relative to the amount of their bid at the same time after we close the final sale stage. Any superfluous ETH from winning bids will be refunded when claiming a refund. Bids below the final price will be able to claim a full refund.
Example scenarios:
If you bid 1 ETH, and the final auction price per NFT is 0.3 ETH, you will receive 3 NFTs and 0.1 ETH in refunds.
If you bid 0.9 ETH, and the final auction price per NFT is 0.3 ETH, you will receive exactly 3 NFTs.
If you bid 0.2 ETH, and the final auction price per NFT is 0.3 ETH, you will receive a full refund on your bid (0.2 ETH), since it’s below the minimum price.
Bidders can increase the amount of their bid (ETH) at any time during the auction. However, when the minimum price increases, the minimum bid will be the NFT price. Bids cannot be canceled.
Participants who did not win the public auction will be able to claim their ETH refund at the end of the auction.
Stage 2: Guild List sale - 17 DEC // 9 AM EST // SAT
Right after the auction is over, we open the guild list sale for all members with Adventurer (Guild Pass) and Whitelist roles who submitted their wallets.
During the guild list sale, participants can RESERVE their Oldeus NFTs with a 30% discount on the final auction price. For example, if by the end of the public auction, the final price per NFT is 0.1ETH, then guild-listed members will be able to reserve Oldeus NFT for 0.07ETH.
Our take on overallocation
Overallocation has been a big issue in web3. It’s a double-edged sword; on one end you risk having a failed mint, but on the other end, you risk upsetting your community. To address this issue Oldeus Guild List Sale will be split into 2 phases.
Phase 1
The first phase will be open for Guild-listed members for 8 hours. That means that members with Adventurer (Guild Pass) and Whitelist roles who submitted their wallets will have a guaranteed spot.
Phase 2
The second phase will be open for additional applicants who were selected for the WAITLIST (Settlers and Waitlist roles). The second phase is a second-priority sale, meaning every eligible participant can still reserve NFT with a 30% discount in case there are any NFTs left but must be fast to be able to reserve the NFT. First come, first served. The duration of the second phase is 8 hours.
Phase 3
After the Guild list sale concludes, the remaining supply (in the case where it exists) will be sold at public sale with a price of the final auction price for NFT.
The public sale will last for 8 hours.
After the sale is over, the remaining supply (in the case where it exists) will be burned. Bye-bye, waifus and husbandos.
Altogether Guild List and Public Sales will last for 24 hours.
Stage 3: Claiming event
To ensure fair distribution of NFTs, all auction winners, guild list, waitlist, and public sale participants will be able to claim their NFTs and refunds 12 hours after we close the final mint stage (guild list or public sale).
Auction participants must use their Soulbound token to claim NFTs and refunds. The Metadata stored on SBT will contain information on how many NFTs can be claimed and the refund amount.
People who made a reservation during guild list and public sales can claim NFT by connecting the same wallet that they used during the sale.
If you participate in both the auction and guild list, waitlist, or public sales using the same wallet, you will be able to claim all NFTs at once.
For example, if you won the auction by bidding 1 ETH with the final price per NFT being 0.3 ETH, and you also reserved 2 NFTs during the guild list sale, at the claiming event you will be able to get 5 NFTs (3 from the auction, 2 from guild list sale) and a refund of 0.1 ETH.
The type of NFT claimed will be randomly drawn before anyone has claimed to ensure that the claim is unbiased and fair for everyone.
Oldeus: Origins - Mana Orbs, Blood Vials, Elemental Stones
At the claiming event, all auction and sale participants can claim their refunds and NFTs, which will come in a form of ERC-1155 tokens from Oldeus: Origins collection.
Oldeus: Origins is a collection of unrevealed characters from the Oldeus universe. These tokens can be used to redeem your new web3 identity via the burn-to-mint mechanism.
Mana Orbs can reveal any of the 5 races from our collection: human, elf, beastkin, vampire, and elemental characters. Blood vials reveal vampire characters. Elemental stones reveal elemental characters.
Vampires and Elementals are the rarest races from our collection and here is how we distribute them:
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A small portion of roughly around 5% of Blood vials and Elemental stones will be airdropped to some of our OGs aka Knights for their long-term service and commitment to the project.
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Around 45% of Blood vials and Elemental stones can be RANDOMLY claimed during the claiming event.
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And finally, 50% of vampire and elemental characters can be RANDOMLY revealed from the Mana Orb.
Oldeus: NFT Characters
A collection of 5555 unique NFT characters that inhabit the shattered world of Estaria.
Altogether there are 10 different bases (2 per race) and each base has a unique pose and character physique. Collect all 5 races and you might unlock something special.
The maximum available supply of Oldeus Characters is 5555, but this number will be relative to Origins tokens that are burned.
For example, altogether there are 5555 Origins tokens (Mana Orb, Blood Vial, Elemental Stone) minted, but if 1000 are left unrevealed, then the final Oldeus collection of characters will contain 4555 NFTs. The amount will keep changing based on how many Origins tokens are being burned.
Child of The Promised Land
[FORBIDDEN KNOWLEDGE]