Square Owner
💡 As Squares are also NFTs, to become a Square Owner, you need to own a Square NFT. Square NFT Owners are the Square Owners who manage the Square and Square members.
How to become a Owner
There are two options:
Minting the Square NFT by getting whitelisted
Buying the Square NFT from the Marketplace
Benefits of Square Owner
Owner Bonus: Additional Bonus of x**%** of the sum of the Square Members Spacebar Points
Build Community: Hangout real time with your Guild members
Square NFT: Limited supply NFT
PFP NFT: Your PFP NFT represents the entire Square
Rewards: Spacebar Points & Blast Gold
How to run a square
As Square Owners, you are expected to maximize the earning experiences for your Square members.
Spacebar provides different tools to enable this:
Set name and descriptions of your Square
Set minimum amount of ETH to stake for members to join (can be 0)
Choose Private or Token-gated or Public mode of the Square
Private: Members need invite code to join
Token-gate: Only those who hold the ERC-721 or ERC-1155 Token of your choice can join
Public: Open to everyone
Within the Square, Square Owners and Members perform:
Staking ETH to earn Blast Points, Blast Yields, Blast Gold, Spacebar Points
Play Games and get on Leaderboard, Mint SBTs (Spacebar Keys)
Complete quests with Blast Dapps
Enter and win Blast Gas Fee Raffle
Each Square will have a cap on the total number of members. Therefore, Square Owners will strategize how to recruit their Square members effectively. Some of the strategies we expect to see:
Recruit ETH Stakers
Leveraging capital to increase the TVL of each Square to boost the Square Multiplier
Recruit Active Users
Leveraging users who spend time with Spacebar to do more activities
Recruiting Users from the Same PFP NFT Collection
Each new same PFP NFT Collection holder joining your Square provides an additional 0.2% boost for Square members with same PFP NFT Collection as their PFP in Spacebar. The maximum boost that can be applied is up to 10%
Example: Consider an Azuki Square where the Owner is Zagabond. With each Azuki joining the Square, there's a 0.2% boost for members with Azuki as their PFP NFT in Spacebar. If 10 Azukis join, it results in a 2% boost, and if 50 Azukis join, it results in 10% boost
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