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:

1. Minting the Square NFT by getting whitelisted

2. 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