Seed Captain Profile picture
Nov 19 25 tweets 6 min read
If you are an investor in SeedCaptain or want to become one, we invite you to read the following thread about what we will achieve:

💡 Incubator
🌱SeedInvestor NFT
🌊Water NFT
🔥Fire NFT
🏆CIP Points
💰$CTP token
❤️‍🔥 The BIG BURN PLAN

#CTP #EGLD #MultiversX #ESDT
👇🧵
1/ What is an incubator?

An incubator is the place where teams with a very good project idea can get funding and advice and having this, they can create a functional prototype of their respective project.
2/ What does seed investor mean?

Seed investors are a type of angel investors who contribute with funds and provide other types of support during the first stages of the launch of a new business or business project.
3/🌱SeedInvestor NFT

In order to participate in the Seed phase of the future incubated projects you will need to mint & stake your SeedInvestor NFT along with $CTP (same pool)

To be eligible to mint a SeedInvestor NFT you will need a 🌊Water and 🔥Fire NFT in your wallet.
4/
Max supply: 350 NFTs
First batch: 100 NFTs
Mint date: Q1 2023
Mint price ~ 500 USDC

The mint will take place on a FCFS rule

You will be able to mint only 1 NFT / Wallet
5/🌊Water NFT is the first collection launched by us and we recently reopened the mint:

Mint link: dapp.captainplanet.space/buy
Price: 40,000 $CTP
Remaining NFTs: 1497

All the $CTP used to mint will be burned each Monday, until the collection is sold out or mint closed.
6/🔥Fire NFT

- Mint will take place in December
- You can mint using EGLD only
- Price: TBA
- Total supply: 1600
7/ Water & Fire utility:

- Stake it to earn $CTP tokens
dapp.captainplanet.space/staking

- Mandatory to have minimum 1 Water and 1 Fire in your wallet if you want to mint a SeedInvestor NFT

Beside that - The role of these NFTs is to boost the accumulations of CIP points. (cumulative)
7/ Water & Fire utility:

- Stake it to earn $CTP tokens
dapp.captainplanet.space/staking

- Mandatory to have minimum 1 Water and 1 Fire in your wallet if you want to mint a SeedInvestor NFT

Beside that - The role of these NFTs is to boost the accumulations of CIP points. (cumulative)
8/Each Water NFT will bring an extra 1% per day & each Fire NFT will bring an extra 2% per day to the accumulated CIP points.

Water - 1 up to a max of 25 /wallet
Fire - 1 up to a max of 10 /wallet

With both at max you can get a 45% boost to your CIP score

Let's dive into CIP👇
9/What do CIP points represent?

The CIP points are a ranking system calculated by Seed Captain’s Smart Contract, based on which the hierarchy of Seed investors is established.
10/ What are the steps to follow to accumulate CIP points?

In order to accumulate CIP points and participate as a seed investor in a project incubated by Seed Captain, you need to follow the next steps.

2 Mandatory and 2 optional in order to boost your CIP score
11/
• Step 1 (mandatory): Stake Seed Captain NFT
• Step 2 (mandatory): Stake $CTP tokens (can be staked in several batches)
• Step 3 (optional): Stake 1 up to 25 Water NFTs
• Step 4 (optional: Stake 1 up to 10 NFT Fire NFT
* Accumulation of CIP points is a daily process.
12/ How does the entire process operate?
• Only one project will be incubated at a time
• When a new project is announced, everyone's CIP score will be reset to zero and the accumulation of CIP points starts
* The CIP points will determine who will make up the top 350 investor
13/ BONUS

Since there will only be 100 SeedInvestor NFTs available to mint in the first batch they will have a guaranteed spot in the 1st project that will be incubated. That means that you have time to think your strategy & accumulate $CTP + NFTs to get ready for next projects
14/ What is the role of the $CTP token in the accumulation process of CIP points?

To accumulate CIP points, a participant must first stake the Seed Captain NFT and then stake the $CTP tokens. The staked number of $CTP tokens, determines the number of accumulated CIP points.
15/How many times the $CTP tokens can be added to stake in order to accumulate CIP points?

A participant can add $CTP tokens to stake as many times as he wants. Each staked batch has a 6 months locked period. The unlock period of each tranche will be displayed by in the SC.
16/ What happens if you remove the Seed Captain NFT from stake?

When the Seed Captain NFT is removed from stake, the CIP points become 0 and the owner will lose the chance to invest in the current project and will not be able to accumulate CIP points for future projects.
17/ Are CIP points accumulated from one project to another?

CIP points are reset to 0 for all participants when a new project is announced and they don’t accumulate from one project to another.
18/ There will be 3 allocation phases for an incubated project:

• FIRST phase - Guaranteed period
There will be a guaranteed, equal allotment for the 1st 100 NFT holders according to CIP score. They will have 7 days to complete the transaction.
19/
• SECOND phase - Ranking period
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.
20/THIRD phase - The waiting list phase
Next 250 CIP holders (position 101-350) have the possibility to:
- invest on FCFS basis if there are any unsold tokens after stages 1&2
- be added automatically to the project WL for its private sale if they haven't entered in stages 1&2
21/ 🔥🔥What is "The Big Burn Plan" and how it will work?

"The Big Burn Plan" is the plan according to which over 80% of the $CTP token supply will be burned.

For each project incubated by Seed Captain, there will be a burn of $CTP tokens in 2 phases:
22/
• 1st Phase: 5% of the total funds raised for each incubated project will be used to buy back $CTP tokens (on CEXs or DEXs). The $CTP tokens thus purchased will be burned.

• 2nd Phase: from a special wallet named "To be Burn Wallet”
23/
will be burned 3 times more $CTP tokens than those burned in phase 1. The "To be Burn Wallet” will contain approximately 80% of the current supply of $CTP tokens.

*The 2nd Phase of the burn will continue as long as there are $CTP tokens in the "To be Burn Wallet".

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More from @PlanetCapitan

Oct 14
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.
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