The DuckSquad is a DuckDAO generative NFT project in close collaboration with Only1. Designed to provide deal flow and access to Solana-based projects exclusively, it is best suited for ducks that want to increase their exposure to Solana projects. Only 500 out of 3000 DuckSquad NFTs will be able to join the DuckDAO private groups and tap into exclusive Solana private deal flow.
About The Project
Decentralisation is the center ethos of blockchain startups, from a community moderation platform, to play to earn games, to trustless peer to peer lending. Why should institutions get the best token deals when you– the users are the most valuable part of any project?
Traditionally, venture capital would offer big cheques to a startup to fund their initial development by purchasing equities in the company. In the blockchain world, startups often sell SAFTs (Simple Agreement for Future Tokens) to venture capitals at a favorable price, often at least 50% cheaper than when the token is first offered to the public via IDO (Initial DEX Offering) or IEO (Initial Exchange Offering). Now even you can participate in these deals, read on.
Read more First DealFlow NFT
How it works
DuckSquad is a randomly generated collection of 3000 unique NFTs. 500 out of the 3000 DuckSquad NFTs has a special attribute — The Quack Quack Balloon! Holders of the NFTs with the Quack Quack balloon get exclusive Access to DuckDAO private telegram group and have opportunities to obtain allocation to Solana-based projects seed/private deal flow of 5 shares. For the other 2500 NFTs without Quack Quack balloon, holding them increases Deal flow to Solana-based projects by 1 share (Given that you already have access to DuckDAO Private Groups).
Oliver has 2 DuckSquad NFT with Quack Quack Balloon attribute and 1 Ducksquad NFT without. He can enter the DuckSquad private telegram group and get allocated 0.36% of total allocation per deal flow. (5 + 5 + 1 = 11, 11/5000 = 0.22%) Therefore, a deal comes through to invest in ABC project (Disclaimer: not a real project) with $100,000 total allocation. Oliver gets to invest $220.