One Protocol to Energize Them All
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Happy Birthday Charged Particles! On our first birthday, we look back on our diverse applications, and celebrate at Hydra!
Charged Particles launched 1 year ago with a Big Bang!
This week we are immersed in networking and learning at ETHDenver, as well as hosting Hydra.
Looking back on 12 months of intense growth, we can recognize a striking fact:
The singular protocol that is Charged Particles is flowering into use cases across multiple markets. Like a Hydra with many heads, Charged Particles Protocol is growing into myriad applications.
Already, we’ve seen the formation of 8 Guilds within our Discord server across: Charities, Art Collectors, Development, Ecology, Fashion, Gaming, Visual Arts, and Music.
Let’s take a bird’s eye view of 6 use cases of Charged Particles Protocol in action…
1. Vesting Capsules
Nest and time-lock tokens in an NFT for a vesting period. This NFT can be immediately traded or collateralized without the tokens hitting the market. Read all about Vesting Capsules here
Paragons DAO have placed vesting vouchers from the launch of $PDT are inside Vesting Capsules. In lieu of a time-lock, the team has elected that the Capsules function as a “Governance Vessels”, as long as the vesting vouchers remain within the Vesting Capsule. Each Vesting Capsule is individually customized for each of the 17 founders of Paragons DAO.
16.8 million $PDT vested inside, for a Total Value Locked of $25.2 million (at time of issue).
2. Unchained Music
A revolutionary business model for music distribution royalties: 0 % fees for the musicians. This business model is sound, as royalties are converted to stablecoins, which earn interest for the distribution service until claimed by the musician.
3. Cryptmas Stocking Gift Baskets
Christmas pressies packed with both DeFi tokens and NFTs. 3 variations: Tough Turtles, Groovy Afterlife and Matrix tokens
4. Art Earning Interest: NFT-shirts & The Banana Stand
Steve’s $20,000 T-shirt was a wearable earning compounding interest.
The Banana Stand was a comedic NFT with prestigious “ape artworks” and $100k USDC compounding inside.
5. Crowd-Funding Campaign: Esto Perpetua
Esto Perpetua is a three-part story, with chapters that unlock once the Chapter NFT itself receives a threshold level of community donations. This utilizes mintgate.io. See the NFT here.
6. Redemption Tickets
Charged Mountains is a series of twenty NFTs with embedded one-time redeemable tickets (tokens) by Soundwave Photon. See an example NFT here.
One Protocol to Energize them all, One Protocol to Lock them,
One Protocol to Charge them all and on the Blockchain Nest them.
Do you have fresh ideas for use cases of the Charged Particle Protocol?
Put them forward in our Forum.
About Charged Particles
Charged Particles is a protocol that allows users to deposit ERC-20, ERC-721, and ERC-1155 tokens into NFTs. A scarce NFT (e.g. Art, Collectible, Virtual Real Estate, In-Game Item, etc.) can now be transformed into a basket holding a number of other tokens. The Principal amount can be time-locked inside the NFT, and through integration with Aave’s aTokens, the programmable yield from these DeFi yield-generating assets is just a few clicks away.
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