Ovols Ecosystem
Elixir is an upcoming Solana NFT trading marketplace created by the NFT project, “Ovols.” Starting today people are minting their Nectar NFTs (shown above). It’s a free mint, however, it’s nearly impossible to get on that list. In a week people with 2.5k $OVO (their native token) will be able to mint. Which is about USD 800. Buy here: Famous Token Market | Famous Fox Federation | The most famous NFTs on the blockchain (famousfoxes.com). The token address is: ovo2N3VqRfkZgbb56Gse7oLDXJLJEeqq5z9ePHRxhzL
The marketplace offers several tools to users:
- Instant Selling
- NFT Exchanging
- Borrowing
- Earning Passive Income
- Long/Shorting
There are 3 different rarities: Common (blue), Rare (red), and Mythic (gold). There is 777 Nectars. You can burn the potions to obtain a PFP for their 2nd collection. The higher the rank, the more PFPs you will get airdropped.
There is a maximum supply of $OVO of 100,000,000. It is estimated that over 1 million $OVO will be burned through the first mint. The team has stated that you most likely will not need $OVO for the 10k PFP collection!
Core Token Utility
- Liquidity Direction: Directs the treasury to the liquidity pool, earnings income for the DAO while they service other communities
- Reserves: A portion of the DAO funds may be used to buy $OVO and regulate its price
- Platform Participation Accounting: Aims to create sustainable creator income, incentivize trading and market making
- Distribution of Governance: Builds an NFT trading experience by the community
*Using their website and buying Ovostone will also give you free airdrops!
The 777 collections (gen 1) will stop minting on October 9, 2022, 8:59 PM PST. Public mint will start next week (day/time TBA).
The Mines
Locking your NFT (staking) with their smart contracts grants you their token. New staking collections are being added to their website daily. Immediately staking your NFT will give you more $OVO, the duration and floor price (USD worth) of the picture will determine how much $OVO you receive.
A popular collection Taiyo Robotics (TYR) is going to be added soon and based on past expeditions, staking one will grant you at least 1k $USD worth of $OVO immediately.
When staking an NFT you will be adding yours to their liquidity pool. This marketplace is built on people staking their NFTs. When you stake, you will deposit your NFT and receive a different one from the same collection when your contract is over. If you unstake sooner, you will have to pay back the $OVO or the same amount worth in Solana.
Official Links
Website
https://www.elixirnft.io/
Mines
https://www.elixirnft.io/mines/
Brewery
https://www.elixirnft.io/brewery/
Gitbook
https://docs.elixirnft.io/
Twitter
https://twitter.com/ElixirNFT
Feature/Collection Requests
https://elixir.canny.io/
Final Thoughts
Ovols have proven to be a prominent NFT collection. They changed the market and was the first Solana AMM Marketplace for NFTs. Users filled the NFT/liquidity pools and gained profits from many different collections on the blockchain.
They rewarded their users with thousands of dollars worth of NFTs and all crypto users had to do was be active in their discord, write informational pieces and be active within the community. They brought a sea of users wanting to gain whitelist to mint their project.
