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    What is Spacebar? Instructions for earning gold and points on Blast through Spacebar

    ByLengkeng02/04/2024
    Blast has garnered notable interest recently, ranking closely behind Arbitrum among Layer 2 projects in terms of Total Value Locked (TVL). Within the Blast ecosystem, Spacebar, an NFT gaming venture, is offering substantial rewards in points and gold to users. How can individuals earn these rewards from the project? This article aims to explore this question further.

    1. What is Spacebar?

    Spacebar is an NFT gaming initiative under development within the Blast ecosystem.

    What is Spacebar?
    What is Spacebar?

    2. Guide to Earning Points and Gold on Spacebar

    Mechanism for distributing Blast Gold to users on the Spacebar
    Mechanism for distributing Blast Gold to users on the Spacebar

    Currently, Blast has completed the distribution of Blast Gold round 1 for Spacebar users. However, individuals can still participate in farming on this platform to receive Blast Gold for subsequent rounds.

    Spacebar phases
    Spacebar phases

    Users can engage with Spacebar through 3 phases as depicted above. Currently, individuals can participate in phase I and phase II. Phase III is expected to be launched within this April.

    To join Spacebar on Blast, users need to access the website https://blast.spacebar.xyz/ and connect their wallet.

    Connect wallet to join Spacebar
    Connect wallet to join Spacebar

    After connecting the wallet, click on "Check my points" to view the current point balance. The initial points are calculated based on 4 criteria as depicted:

    • Being an early user of Spacebar on Galxe.
    • Participating in asset bridging through the Blast ecosystem.
    • Holding NFTs on Blur.
    • Being an OG user.
    Mint Protoship NFT to Explore Spacebar
    Mint Protoship NFT to Explore Spacebar

    If a new user hasn't met any of the 4 criteria mentioned above, they will receive 100 points. To proceed further, individuals need to mint a Blast Protoship NFT - a means of navigation within Spacebar. Note: Users should prepare a small amount of ETH on the Blast ecosystem to mint NFTs and create a username.

    Benefits: Based on Spacebar Points, users will receive WL to purchase limited edition NFTs: Blastship NFTs with exclusive benefits and points based on multiplier. Detailed information about Blastship NFTs will be announced soon.

    After creating a username, individuals need to select any PFP NFT currently held in their wallet to set as their avatar and identity on Spacebar. Upon completion, click on "enter Spacebar" to proceed.

    There are 4 ways for users to earn points on Spacebar:

    Referral program: Users can earn Spacebar points and Blast Gold through referral codes. If others join Spacebar using your referral code, you will receive 5% of the Spacebar points they earn. In the event they join Spacebar through your code and use the same NFT collection as you, you will receive 10% of the Spacebar points they earn.

    Earn more points on Spacebar through referral code
    Earn more points on Spacebar through referral code

    To receive Blast Gold through referral codes, users using your code need to select a PFP NFT when registering for Spacebar and stake a minimum of 0.05 ETH on the platform.

    You will need to stake an amount of ETH to unlock your referral code. When entering someone else's referral code, you will also receive 1000 Spacebar points. Don't forget to use the code oKHjJ0 and join Spacebar via the link https://blast.spacebar.xyz?referral_code=oKHjJ0 to support me and earn 1000 points.

    Note: You can change the PFP NFT you initially selected, however, once you change it, the benefits related to your previous PFP NFT collection will no longer be valid.

    For example, you won't receive 10% of the points from others when they use your code and have the same NFT collection as you because the mechanism at that time will be based on the newly selected PFP NFT collection. After changing the PFP NFT, you cannot change it again for the next 30 days.

    Daily check-in: Every day, users can access Spacebar, click on the gift box icon to check-in, and earn points. Each check-in only costs about 0.00000003ETH, equivalent to about $0.0001.

    Checking in on Spacebar helps users receive Blast Gold and Spacebar points.

    Check-in on Spacebar every day to accumulate points
    Check-in on Spacebar every day to accumulate points

    ETH staking: In addition to check-ins, users can also participate in ETH staking to earn more points on Spacebar and share Blast Points. The minimum required stake amount is 0.001 ETH (equivalent to ~$3.2 at the time of writing, based on the price of ETH). The more ETH users stake and the longer they stake, the more points they will receive and they can unstake at any time.

    Stake ETH
    Stake ETH

    After staking, 4% yield will be automatically added to your staked ETH amount daily. 24 hours after staking ETH, the Blast points will be displayed on the dashboard.

    Joining Square: Another way to earn additional points on this platform is to join Square - an online community feature. To simplify, squares can be likened to groups on social media - where players can simultaneously participate in games, communicate, interact with Blast Dapps, and maximize their point accumulation. This Square feature can also be considered as Game Guilds - where members can collaborate to achieve the common goal of accumulating Spacebar points, Spacebar Keys, Blast Points, and Gold.

    Maximize rewards with Square on the Spacebar
    Maximize rewards with Square on the Spacebar

    Square is a combination of 2 NFT standards (ERC-721 and ERC-6551) that allows members to co-own assets. There are a total of 256 squares for players to choose from. All squares are on-chain guilds, and the higher the total points of all members in the square, the more points each individual can earn. Each square can accommodate up to 100 members, and this number will increase over time.

    Benefits of Square Owners and Members in Spacebar
    Benefits of Square Owners and Members in Spacebar

    Each individual can choose to become Square Owners and Square Members to participate in the square.

    Square Owner: Users must own Square NFTs by minting or purchasing from the marketplace. Square Owners will receive the following benefits:

    • Exclusive rewards for owners: Owners will receive a 2% bonus reward on the total points of participating square members.
    • Earn Spacebar points and Blast Gold.
    • Showcase individuality through squares.

    Squares are limited in the number of members they can accommodate. Owners must employ various strategies to recruit members:

    • Recruiting users who have staked ETH: This involves utilizing capital to increase the Total Value Locked (TVL) of each square, thereby increasing the points within the square.
    • Recruiting active users: Owners should target users who spend significant time on Spacebar to engage in more activities.
    • Recruiting users from similar PFP NFT collections: Users who own similar PFP NFTs as the owners will receive additional Spacebar points.

    Square Members: players in the Square enjoy several benefits:

    • They receive additional Spacebar points within the Square.
    • They can participate in Square activities, such as games, group tasks, Blast Gas Fee Raffle, and earn Keys for activity points.
    • They unlock additional features and maximize their Spacebar points.

    Each user is only allowed to participate in one Square. Therefore, it is crucial to carefully choose which Square to join from the outset.

    Mint Square NFT information on Spacebar
    Mint Square NFT information on Spacebar

    Out of the 256 squares available, 30 squares are reserved for current Spacebar partners, and 26 squares are allocated for future partners. Users can mint Square NFTs on April 11th, with details provided (the snapshot process for the whitelist was conducted on April 4th at 2:00 AM UTC).

    3. Tokenomics

    Updating

    4. Team

    Spacebar is developed by a team comprising members who have pioneered the ERC-6551 standard, which facilitates the flexible use of NFTs for interaction and identification within applications. Additionally, the project enjoys backing from Yield Guild Games, a decentralized autonomous organization (DAO) specializing in NFT investments for blockchain-based gaming.

    5. Investors

    Spacebar has formed strategic partnerships with several prominent projects on the Blast platform, including Thruster (a decentralized exchange), Hyperlock (a yield protocol), Juice (a leading lending platform), Metastreet (an NFT lending platform), and Zap (a top launchpad). Additionally, the project has attracted investment from notable figures in the cryptocurrency industry, such as Sandeep Nailwal (Founder of Polygon), Zach Segal (Crypto Intel & Listings at Coinbase), and Gabby Dizon (Co-Founder of YGG). These collaborations and investments underscore the project's credibility and potential within the Blast ecosystem.

    Spacebar investor
    Spacebar investor

    6. Roadmap

    Updating

    7. Project infomation

    8. Conclusion

    The preceding text provides insights into Spacebar and offers instructions on earning points and gold on Blast through this project. We trust that you find this information beneficial. Should you have any inquiries, feel free to post them in the BigcoinVietnam group for prompt assistance.

    Readmore:

    Disclaimer: This article is for informational purposes only, not financial advice. Join the Bigcoinchat chat group to update the latest information about the market.

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    Lengkeng

    Lengkeng

    "Money is made by sitting, not trading"

    5 / 5 (3binh_chon)

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