Thread by @PlanetCapitan

The Captain Incubator a @moonlorian core project

⚡️Over time throughout our communication with
entrepreneurs, startups, and developers, we managed
to identify"the missing puzzle" in the @ElrondNetwork 👇
#esdt #ElrondNFT #ElrondCommunity #EGLD #CTP

⚡️Many good ideas emerge, but in order to secure
funding (VCs, launchpads, etc.) teams must produce a MVP (Minimal Viable Product) a prototype that provesthat their idea is viable👇

⚡️Building this MVP requires funding and at this stage of the project funding is hard to acquire. Most of the time, investors who are able to fund projects at this stage are highly powerful investors (whales) who
acquire the project's token at very low prices"in the
early stages.

"The Captain"acts as a point of connection

-Facilitates obtaining seed funding for projects;

-Assists small and medium-sized investors in banding
together and acting like a giant investor (whale);

-Keeping in mind Metcalfe's law, also helps the Elrond
ecosystem;

⚡️How can you participate as a seed investor in our incubated projects?

-Purchase the NFT that allows you to invest in the
incubated projects(Total supply - 350NFT)

-Stake your NFT

-Stake $CTP inorder to accumulate CIP points (Captain Incubator Points)

What makes The Captain NFT necessary?
To be able to accumulate CIP points that allow you to
invest in the projects incubated by The Captain, you
must hold a NFT (an investor seat in the incubator).
A wallet can hold only one NFT of this kind.👇

This NFT must be staked and after it is staked its owner starts accumulating CIP points.If the NFT is removed from the stake, then all points accumulated up to that moment by its holder are removed and CIP balance is becoming 0.

Why do you need the $CTP token?

Staked $CTP tokens also determine the number of accumulated CIP points.More $CTP you stake, the more CIP points you accumulate .👇

The $CTP can be added to the stake inbatches. Each batch will have a locked period of 6 months from the moment it was staked. A user can stake $CTP in several batches, each batch having its own release

What makes the additional NFTs from The
Captain collections necessary?

-Our first collection of NFTs - "Water Rings" -
has been launched and the 2nd one - "Fire
Rings" - will follow.👇

-The NFTs from these collections will also have their role in The Captain’s Incubator.Any staked NFTs from these collections together with $CTP token will be a booster for the CIP score

How the entire process operates?
-One project will be incubated for each stage
-When the project is announced,everyone's CIP score
will be reset to zero👇

-To accumulate points you must have the NFT staked
-Stake your $CTP (which will be locked for 6 months).
The CIP points will determine who will make up the top 350 investor

The seed allocation will be in phases
-There will be a guaranteed,equal allotment for the 1st
100 NFT holders accordingto CIP score. They will have 7 days to complete the transaction.👇

-TOP 100 CIPs holders have the chance to raise their allocation if there are any unsold tokens left in stage 1.
FCFS requires a $1,000 minimum and a $5,000
maximum investment.👇

Next 250 CIPs holders (position 101-350) have the possibility to:
• invest on FCFS basis if there are any unsold tokens after stages 1&2
or
• be added automatically to theproject WL for its private sale if they haven't entered in stages 1&2

🔥Big Burn Plan

-Buy Back stage
-Burn stage👇
In the Buy Back stage,5% of all funds collected for the
current project will be used to buy $CTP from the free market.
In the Burn stage, in addition to the $CTP bought in the previous stage, another amount 15% of CTP (bonus Burn)

The $CTP for Bonus Burn will be found in the new tokenomics and will be 80% of the current supply.