What is THEOS’ motivation?
At THEOS, we have not only a pragmatic stance on NFTs, but a philosophical one, and the impact they can have on communities and social challenges throughout the world. For years we have patiently observed the NFT landscape, the ramifications of its path, and their intrinsic potential. We believe we have identified the changes that must be shaped in order to transform a simple cyclical trend fixed on monetization, into a worldwide force of nature that will be able to achieve socially-focused results invigorating both the creators community, and the NFT holders.
Why did you choose Cardano?
A plethora of Cardano’s diverse characteristics have captured our attention and helped in swinging the decision that would eventually result in our underlying blockchain of choice. Engineered by some of the most brilliant scientific minds in cryptography and rigorous peer-reviewed research, while matched with an ultra-low energy consumption, it naturally demonstrates that Cardano is more aligned with THEOS’ philosophy than any other smart contract enabled blockchain. We have identified Cardano’s overall ecosystem as one of the most socially responsible, environmentally friendly, and most promising solutions.
How is THEOS different from every other NFT platform?
Our approach is a novel one. While current platforms typically focus on improving upon one or few areas, such as variety, sale mechanisms, secondary trading, etc, THEOS has come to force the comprehensive evolution that the space has been demanding for some time. We bring a perfectly-balanced union between traditional finance and blockchain, that results in the most exhaustive NFT platform to date. Offering a safe haven solution to users that goes from beginner minters to experts on DeFi with an easy to use and intuitive interface.
THEOS is the new hyper-chain ultimate liquidity solution, equipped with a rich economic incentive structure and a crypto-to-financial markets impact, all encompassed within a bar-setting user experience.
How is THEOS different from every other NFT platform?
THEOS platform has been outlined with the intention to adapt to any NFT that may require liquidity solutions, efficient price discovery, transferability of illiquid assets, and many others. For NFT minting, the platform will support the tokenization of several media, including photos, videos, music, podcasts, memes, collectibles, and multiple more.
We distinguish, however, between those seeking participation through simple, user-friendly minting, and those more inclined for more sophisticated financial products. Our decentralized financial layer will include auction mechanisms, staking, yield farming, exchange, interoperability, and more in the future.
Where can I buy THEOS tokens?
THEOS token cannot be currently obtained in either centralized or decentralized exchanges. At the time, we are exclusively carrying out private rounds through Venture Capital (VC) partners. Please beware of anyone offering THEOS tokens.
How will THEOS go public and at what price?
After the conclusion of our private round, the next step will involve hosting our IDO on OccamRazer, a project that aims to become the main decentralized launchpad for Cardano. We are still deciding on the estimated IDO token price, and will be releasing the information when ready. Please be aware that even if the token will be denominated in USD, the pool will have ETH as the base token (and not a USD stablecoin). The definitive ETH price will be determined hours prior to the IDO as to minimize price volatility. Follow us on our socials for developments on these and more details.
What was the token price by VCs?
We will disclose the price that private strategic partners paid per THEOS after the private round is concluded. Please, bear in mind that our early investors contributed greatly to the first phases of our project through advice, consultation and contributions.
What are the min/max allocation limits for IDO?
We will update the conditions on minimum and maximum allocations for our IDO soon. Please follow our social channels as we will be updating important information there!
Can anyone participate in the IDO?
We will update the pool status (Public/Private) in conjunction with other IDO information.
Will OCC holders receive THEOS CED rewards?
Please stay tuned for further information on this subject.
For how long will the IDO be live?
Please stay tuned for IDO updates.
What is exactly the process for participating in IDO?
For a clear walkthrough on how to participate in our IDO through OccamRazer, please visit their Launchpad Participation Guide.
THEOS brings a new way to think of NFTs.
When will the first components be live?
We estimate to initially go live with our first components early August 2021. It is also worth mentioning that the original launch will count with early implementation of Odyssey Nftize Pool and minting technology, but no verified users. Additional features detailed in the whitepaper will be progressively released after that. For more information, please see our Roadmap.
|Phase I (early August)||User registration with a crypto wallet||
|Phase II (October/November)||Pool contract access role management||
|Phase III (end of 2021)||Auctions||
|Voting + governance||
|User-facing system features||
This section aims to clarify staking on the THEOS ecosystem.
Exact staking requirements (X(n)) will be developed in the following months. For the time being we estimate X(1) to be greater than X(3), X(4), X(5):
- Staking >X(1) for Odyssey Nftize Pool creation
- Staking >X(3) + compliance + vouching for Verifying accounts.
- Staking >X(4) for access to high profile auctions
- Staking >X(5) for governance
How do I evaluate the art I intend to bid on?
We are not supporters of the get-rich-quick mindset, which propels people to buy items while speculating on a higher selling price. We encourage research on the author/artist/creator, its online presence, previous work, and verified status.
Why should I, as a user, verify my account?
At THEOS we believe in the concept of making our platform permissionless and available to all. Notwithstanding, strong incentive structures are paramount for a healthy ecosystem, and those incentives must be placed somewhere. Creating the idea of verified accounts provides us with the basis to generate some of these incentives. Basically, verified user accounts can qualify for utilizing specific features.
Requirements that must be fulfilled to obtain verified status:
- Stake a minimum amount of THEOS. This amount will be determined and shared with our community in the coming months.
- Generated account must go through KYC process through one of TheOS decentralized compliance partners
- Receive votes from other verified users. We will develop more on this shortly.
Benefits enabled by verified account include:
- Entitlement to receive liquidity mining rewards for minting NFTs
- Ability to bid on verified auctions.
- Ability to add liquidity to Odyssey Nftize Pool.
- Ability to create referral links
What if I get offers on other platforms?
The multiple offering on a unique NFT is a common case in the current landscape. However, some of our innovative features don't allow for this. In order to address this question, we would like to distinguish between some scenarios that may be subject to misunderstanding. While we support these types of occurances, in some (specific to THEOS) cases, NFTs will be “locked” into their native/corresponding pool, therefore rendering the multiple presentation of a unique NFT in several platforms impossible. In these instances, a determined set of steps must be followed to “retrieve” the NFT before being able to offer it elsewhere. We will thoroughly develop on this in the coming months.
Are there guidelines for submitted pieces?
Some technical requirements must be met in order to mint NFTs on THEOS. The platform accepts a number of formats with a max size of 50mb.
A number of formats:
- Image (.png, .jpg, .gif, .tiff)
- Video (.mp4, .mov)
- Audio (.mp3, .wav)
Transaction processing on smart contract platforms
Innate to transacting in a smart contract blockchain environment (e.g. Ethereum), transaction processing will depend on a series of factors; gas price, gas limit, network congestion are but some of the most relevant characteristics to take into account before (and during) any activity. Low sending fees or high network congestion could leave your transaction in pending status for a while, unless any input is modified. Additionally, If a transaction is stuck, Ethereum will not confirm any new transactions you make from the same wallet address until a miner confirms the first transaction. You can learn more about this here, and solutions (like speeding up and cancelling transactions) here.
What does governance include?
The governance layer will be thoughtful and meticulously built around the community input we receive for the next year, and we expect it to be fully designed by 2022.
What parameters are subject to community voting?
Similar to our governance layer, we will be hosting continuous polls in order to arrive at a final list and magnitudes for the parameters that will be subject to community voting.
Why did you include an unstaking (cast-out) fee, and how does it work exactly?
The unstaking (cast-out) fee is yet another property designed to both incentivize long-term staking, and redistribute THEOS tokens among remaining participants.
What’s the team background?
Our team is filled with art enthusiasts that aim to bridge NFTs current state with its potential state. They form a perfectly balanced, blended mixture between traditional finance and the decentralized cryptocurrency space. We will soon be developing among each member, distinguishing their positions (association member, advisor, core team member) and roles within the THEOS ecosystem. Stay tuned as we will share this information on an upcoming Medium article.
How can I contact team members?
Our team can be contacted through our website. Please visit THEOS.fi, navigate to the menu on the x hand side, click the ‘y‘ button, and fill out the form! We will aim to respond to all queries as soon as possible.
How can I contribute? > Are we accepting any type of applications? CMs, Devs, etc?
After our IDO, we will open the [email protected] domain for anyone interested to apply for a position within the project.
Will the code be open source? Are there going to be audits for independent third-parties?
As previously explained, we will initially go live with a number of components and features, and will work our way from there. This process will involve the development of several versions as well as security checks. Because of this we will initially be closed-source, but with a long-term goal of eventually being open-source.