For the first time, NFT, POAP, & token communities can give supporters exclusive access to discounted token offerings, and create a new way to whitelist.
NFT token gating, a strategy that gives token holders access to exclusive products, token offerings, experiences, content, and more. For example, NFT holders may receive perks like special discounts on new products, early access to store openings, or invitations to members-only events.
From discounted token offerings for communities to creating a new path to DAO fundraising — this approach is an innovative way to reward and provide unique opportunities to early & core contributors.
NFT-gated deals are one part of a bigger future for DAO treasuries, made possible by Hedgey.
A project can specify a specific NFT they require a user to hold in order to access the OTC token offering. When a user connects their wallet, it will be checked against the unique contract address for the NFT. If the wallet contains the specified NFT, they will be able to purchase the NFT-gated deal. This is a unique way to create whitelisting for specific offerings. This logic can be applied to many use-cases outside of OTC offerings as users continue to discover new ways to interact with the Hedgey protocol.
The first to use this was our friends at 1Hive DAO, who created a discounted $HNY OTC offering, exclusively for holders of the @1HiveNFBeez collection.
1hive just released their second NFT-gated OTC deal. The 1hive DAO is selling 217 $HNY at a discount. How is this different from their first NFT-gated token offering? This time, the deal can only be accessed by holders of either the @1HiveNFBeez collection or the @PanvalaHQ Stamps collection.
The Hedgey NFT-gated OTC contract allows anyone to create a NFT-gated deal with flexibility on who can access the specific deal.
The Rave community on the Harmony network recently used the Hedgey protocol to sell $RAVE tokens locked in hNFTs, using their own custom art. The community then used these NFTs to create a Verify Bot to allow owners of the $RAVE hNFTs access to an exclusive Discord channel.
This is one of many potential uses for NFT-gated content, and the Hedgey protocol provides DAOs/token teams the ability to use this feature and create their own use cases.
Want to create your own NFT-Gated OTC deal, or just learn more about Hedgey? Hop into our Discord! https://discord.gg/hedgey