Spooky greetings as we're back to one of our favorite events of the year. Stackers, get your NFTs ready for our very first Stacks Halloween NFT Contest where creators of all kinds will be minting their spookiest NFT’s on Boom.
Stackers must mint their original spooky NFT and transfer to StacksFoundation.btc no later than October 31st, 2021 11:59 PM PST
This is a community competition where you can fully express your creativity, whether it be a drawing, a gif, or an original selfie with your crazy Halloween horror costume, after all NFTs can be anything!
How to Enter
- Use Boom.Money to mint an original Halloween Themed NFT
- Using the Boom Wallet send your NFT to StacksFoundation.btc
- Tweet your submission u/Stacks with the Hashtag #SpookyNFTonStacks
- Submissions will close on the 31st of October, 2021 at 11:59 PM PST
- We will announce the winners on the 1st of November
View submissions at: https://stxnft.com/StacksFoundation.btc
Prizes
- Three (3)1st Place Winners will receive one of each: A 200K STX Cycle 20 Boombox, 1 Sigle's The Explorer NFT, and 1 Open Art Source Arties NFT
- Two runner-up entrees will receive one Explorer and one Arties NFT each
- Five recognition entrees will receive one Arties NFT each
There will be a total of 10 winners. NFTs must be transferred by October 31st, 2021 11:59 PM PST.
How to Mint & Send NFTs using Boom:
1. Install the Hiro Web Wallet: https://www.hiro.so/wallet/install-web
2. Setup your wallet and have enough STX to cover two transaction fees.
3. Visit https://boom.money and click "Get Started"
4. Select your STX address from the Hiro Wallet Pop-up
5. Click the "Create a new NFT" tile
6. Click the "Select a File" and upload your original Halloween themed Artwork. Then Give your Masterpiece a Name and your Name or Twitter handle only if you want to be recognized for your Artwork. Then click "Create My NFT"
7. Scroll down and Click "Confirm" in the Hiro Wallet Pop-up
8. Click the purple arrow view transaction in the Stacks Explorer.
9. Once the transaction has been confirmed in an Anchor Block go back to the Boom website. Refresh the Boom website for your newly minted NFT to show up.
10. Select your minted NFT.
11. Click the Arrow in the "Inventory" Section on the right.
12. Enter "StacksFoundation.btc" in the Recipient field
13. Click "Confirm" in the Hiro Wallet Pop-up
14. Visit STXNFT.com/StacksFoundation.btc once the transfer has been confirmed to view your NFT and all the other submissions from the community.
FAQ:
What Are Boomboxes?
- Boomboxes are NFTs Minted on Stacks and Secured By Bitcoin.
How do they yield STX?
- Using Stacks consensus mechanism, Proof-of-Transfer. When users mint a boombox they are also stacking their STX for one cycle. The Foundation has minted 3 boomboxes using 200,000 STX for each mint.
How Much STX will I Win?
- Because the reward is coming from the Stacking Cycle via Friedger's Pool and not being awarded directly from the Stacks Foundation, the amount of STX awarded is unknown. Based on historical averages, with a delegation of 200,000 STX at 10% APY / 24 Cycles = .4%, roughly ~830 STX per Boombox.
What about the 200,000 STX?
- The Stacks Foundation has stacked their STX and used Boomboxes to pass through the associated yield from stacking the 200,000. The Foundation retains it's STX used to mint the NFT, while the winners receive the proportional yield from stacking for one cycle.
When will I receive my Payout if I Win?
- Follow @fmdroid on twitter for announcement of when rewards for Cycle 20 from Friedger Pool are paid out.
I thought Stacking STX yielded Bitcoin?
- Stacking solo or with a Bitcoin pool it does yield Bitcoin. Boomboxes currently harness Friedger's Pool, which is a STX yielding pool.
When will the NFT submission end?
- 11:59PM PST, 31st of October 2021
Will I be contacted if I Win?
- No. We will choose a winner and send the boombox to the address that sent NFT Artwork
Will the Boombox payout more than once?
- No. The NFT only yields for one stacking cycle, cycle 20. You can view the current cycle at https://stacking.club/
Does the Boombox stay in my wallet after payout?
- Yes. The Cycle 20 Boombox NFT is yours forever.
Can I transfer the NFT to someone else?
- Yes. You can transfer the Boombox to another address after receiving it. That Address will now receive the yield at the end of Stacking Cycle 20, assuming it has not already been paid out by Friedger's Pool.
Will the Public be able to mint their own Boomboxes during Stacking Cycle 20?
- Yes. They are already available to be minted at: https://boom.money.
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by Louise Ivan and Jasper Bower on October 26, 2021
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