Introducing Optopi
Introducing Optopi a collection of 8,888 unique, collectible PFP-friendly NFTs on Arbitrum. Optopi can be used as a profile picture representing Buffer fam and offers key utility to traders trading over the Buffer Platform. The first batch of 2,222 Optopi we are distributed via 3 phases of minting explained later in the article. The complete Optopi collection is divided into 4 tiers namely Silver, Gold, Platinum, and Diamond. Diamond is the rarest to mint and Silver is the most common.
The lower the mint probability, the higher the utility of that tier for the trader.
NFT Utility
- Payout Boost for Up/Down options
On Buffer, each trading pair has its own base payout (less volatile pairs => higher base payout & more volatile pairs => lower base payout). The boost % depends on the tier of the NFT being held (highest tier = max payout boost, lowest tier = least payout boost).
Here’s how the NFT boost/NFT tier affects the base payout for traders:
Update: NFT payouts has be increased please refer the below tweet for new Payout percentages
As an example, if GBP/USD pair has a base payout of 80% with the Diamond tier it can be boosted to 92% (Base Payout + Payout Boost)
2. Access to Trading leagues:
Trading leagues are weekly contests where top traders can win USDC rewards based on their performance, depending on the past week's trading activity. A trader can be part of any of the five leagues Bronze, Silver, Gold, Platinum, and Diamond. With Diamond having the highest reward and Bronze having the lowest.
Optopi NFT holders get direct access according to their NFT tier. So platinum Optopi holders get free access to the platinum league and so on. On the other hand, non-Optopi holders will have to fulfill the eligibility criteria (Based on the past week’s performance) to enter the higher leagues.
Note: the bronze league is dedicated to non-NFT holders who are starting out with trading on the Buffer platform and do not have a trading history. Exact details for the criteria to enter each league will be released later.
3. Access to Buffer Prime — a private traders club:
Optopi NFT holders also get exclusive access to a private discord group dedicated to Giga brain trading geniuses, and pro traders, where they can share trading setups, strategies, and everything else in between.
4. Trader Rebates:
For traders holding Optopi, USDC rebates will be distributed based on their share of weekly trading volumes.
Note: Trader Rebate program will run for limited period of time and details will be announced separately
Minting Process
There will be 3 phases of minting for the first batch of 2,222 Optopi. NFTs will be revealed after each mint phase is over.
1. Buffer community: The first phase of minting will be available to BFR stakers, traders, and liquidity providers (USDC vault). Details of whitelisted wallets and eligibility criteria will be announced after the snapshot is taken.
2. Partner whitelists: The second phase of minting will be for our partner project community where each partner will be offered 50–100 WL spots and they can decide their whitelisting criteria. Each partner will be making their independent announcement so stay tuned.
3. Open minting: This phase is the clearing out phase, in case the first batch of 2,222 Optopi is not completely minted in the first two phases we will be opening up minting for all the wallets.
What about the remaining NFTs?
After the first batch of 2,222 NFTs are minted we will be reserving 2,222 NFTs to be won by top traders in daily and weekly trading competitions along with other rewards and the remaining 4,444 NFTs can be minted in 11 batches of 404 NFTs.
What’s next
In the coming days, we will be revealing all our partners and WL criteria and snapshot details for phase 1 of minting. Post that our partners will be announcing their individual whitelisting events followed by the minting day (tentatively after the 17th of January). To stay updated Join us on Discord or Telegram or follow us on Twitter .
Note: Refund will be airdropped to all the community members who minted Buffer Prime Club NFTs on BSC.
