Drop Mechanics

This section elucidates different mechanisms of the drops feature including:

  1. Creation of Drops
  2. Display and Edit Labels
  3. Early Access
  4. Mystery Box
  5. Packs
  6. Drop Tags
  7. Waiting Room
  8. Drop Level Royalties

Prerequisite:

Users must complete the following prerequisites to ensure uninterrupted Drops creation and minting.

  1. Minting of NFTs

  2. KYC Verification

Creation of Drops

In order to create drops, the drop admin must mint the NFT editions. A Drops Admin can create drops using the following steps:

  1. Go to My Drops –> click Create Drop
    createdrop1

  2. Enter the Drop name, write a description for the drop
    namedescription2
    namedescription3

  3. For the Drop Image, select the collectible’s cover image for the drop. This will be visible on the drops page. However, when the token is bought, the buyer gets the asset that was minted

  4. Set the Sale Price of the collectible

  5. In the Select Collectible field, select the collectible from the dropdown

  6. Set Drop Start Time and the Drop End Time as required

  7. Enter Tags and Labels for the drop. Click on each to know more

  8. Select the Drop Type as Drops from the dropdown (Drops/Packs/MysteryBox)

  9. Select NFTs from the dropdown

  10. You can select Save as Draft option if you wish to save the drop for future release

  11. You can uncheck the Disable waiting room option if you wish to disable the waiting room before the drop goes live

  12. Go to the Royalties tab

  13. If you select Subject to Royalties, then you must enter the wallet address and set the initial sale percent. You will also have the option to enable crypto payments.
    royalties4

  14. Go to Early Access tab -> check to enable early access to the drop

  15. Set the Early access start time

  16. Click to select AND/OR function and paste the wallet addresses of the NFTs for which you want to provide early access

  17. Enter a number to set the Early access purchase limit
    earlyaccess5

  18. Click Create

  19. Go to the Drops tab to find the drop ready for sale

Display and Edit Labels

A Drop Admin can edit or introduce labels on a live or scheduled drop to enhance sales. The lables can display quick information about the drop, such as: “Ending soon”, “Limited Edition Sale” etc.

  1. Go to My Drops page

  2. Click Create Drop. The create drop popup page will open

  3. Fill in the details in each field

  4. In the Labels field, enter the information that you want to display on the drop card
    Editlabels1

  5. Click Create

  6. Go to the Drops page. The label will be displayed on the drop card
    Editlabels2

To edit the labels:

  1. Click More on the drop card to open the form
    Editlabels3

  2. Enter the changes in the Labels field and click Submit
    Editlabels4

The information you entered in the labels field will be displayed to all the users on the drop page.
Editlabels5

 

Note

A drop admin can only set three such labels for display.

Early Access

An early access feature enables users the privilege of accessing and buying certain NFTs before the start of the public drop. The users must qualify certain conditions i.e; they must own certain NFTs that are specified by the Drop admin while creating a drop. Those conditions will be the qualifying criteria for early access.

  1. In the app, Go to My NFTs and Mint Collectibles

  2. Go to My Drops -> click Create Drop

  3. Fill in the details in each field

  4. Set the drop start and end time in the respective fields

  5. Select Early Access checkbox. Early access time slot field will be enabled

  6. Select the time earlier than the public drop start time

  7. Enter numeric value in Early access purchase limit. This is to limit the number of purchases, per user, during the early access period

  8. In the Early Access Eligibility NFTs field, paste the token IDs that will be eligible for early access

  9. Click Create

 

Note

The early access period starts before the public drop period and ends when the public drop time begins. The purchase limit and the number of chances given to the user per early access period are set by the drop admin. Drop admins will notify, off platform, if a user qualifies for early access. When the users login to the app, they will see the Buy button enabled before the live drop begins indicating their eligibility to early access.

Mystery Box

A mystery box drop contains multiple minted NFTs. The drop admin creates a mystery box which is a single drop with multiple minted NFTs, to which the users/drop participants are randomly allocated one NFT from the mystery box upon participation in the mystery box drop.

Steps to create a Mystery Box Drop

  1. Go to My NFTs -> Mint Collectibles

  2. Fill in the details and click Mint Collectibles. Ensure to mint more than one collectible

  3. Go to My Drops -> click Create Drop

  4. Fill in the drop name, description, attach image and set sale price

  5. In the Select Collectible field, select more than one NFT to create a mystery box

  6. Click the + icon to view the probability % allocated to each NFT for the mystery box

  7. Set the drop start and end time

  8. Add tags and labels in the fields

  9. As per requirement for the drop, select the checkbox for Early access, Save as draft and Disable waiting room

  10. Click Create

  11. Go to the Drops page to view the Mystery box as one of the drops

Steps to buy from a Mystery Box Drop

Users can buy the NFT editions from the mystery box option on the Drops page.

  1. Go to the Drops page and find the mystery box drop

  2. Click Join Drop on the mystery box

  3. Complete the buying procedure to view the mystery/surprise token that will show on your My NFTs page

Packs

A pack is a type of drop where the collector gets more than one NFT. Drop admins can create Packs in a drop and set the no. of NFTs in a pack. The probability percentage of NFTs allotted to each pack is automatically calculated. These NFTs are randomly allocated, and the Packs will contain multiple editions of each selected NFTs. The packs feature increases the user’s chance at getting either a variety of NFTs or more editions of the same NFT.

Prerequisite:

The Drop Admin must have already minted multiple tokens in My NFTs page before trying to create a drop with packs.

Steps on how to create Packs in a drop:

  1. Go to My Drops -> click Create Drop

  2. In the Drop Details tab, enter the details in each field

  3. Select Packs as the Drop Type (Single/Mystery Box/Packs)
    SelectPacks

  4. Select the NFTs -> select multiple NFTs
    MultipleNFTs

  5. Enter a numeric value in the Number of NFTs in a pack field. The total editions must be divisible by the number of packs
    For example: If you have selected two collectibles with five editions each, then there are 10 editions in total. You must now enter a number that is divisible by two. If the number is not divisible by the number of editions, then an error message is thrown. Number of packs created is auto calculated.
    NumberofPacks

  6. Click to expand and view the probabilities of packs
    Expand

Example of Packs
NFT A 100
NFT B 50
NFT C 10
160 Total Editions available for the pack

Select Collectibles NFT A NFT B NFT C

Number of NFTs in a Pack = 8 - Total editions in Select Collectible should be divisible by this value

Number of packs created to be purchased by end users (Calculated value = Total Editions / Number of NFTs in a Pack) - 20

  1. Go to the Royalties tab
    a. If you select Royalty Free, then there’s no further action required
    b. If you select Subject to Royalty, then
    • Enter the primary royalties at the drop level and the royalties calculation will happen on the drop sale price.
    • In the packs, if one of the NFT is royalty free and the others are subject to royalty, then the primary royalties set at the drop level is applicable.
      Royalties
  2. Go to the Early Access tab. Enabling early access gives the users the privilege to enter the public drop early and buy the NFTs.
    a. If you do not wish to enable Early Access, then there is no further action required
    b. If you enable Early Access, then:
    • Set the access time and date
    • Set the AND/OR functions based on which the early access NFTs will be displayed -> click Add Token Id and enter the token Ids(there is no limit to adding the token Ids)
    • Set the purchase limit to ensure there is fair trade during the public drop
      earlyaccess
  3. Click Create

Steps on how to buy packs from a drop:

  1. Sign in as an NFT User
    NFTuser

  2. Go to the Drops page

  3. Select an NFT and click View Drop
    ViewDrop

  4. If the drop has started, then the Buy button will be enabled -> click Buy
    Buy

  5. On the purchase order popup, you have two options:

    • Enter the cardholder’s name, email, phone number and card details and click Authorize Charge OR
    • If Crypto payments option is enabled, then you have the option to Purchase using Ether to complete the buyer journey
      purchase

The content of the purchased NFT Packs will be visible in the buyer’s My NFTs page.

Drop Tags

Tags are nicknames to identify the tokens. Drop Admins can provide tags to the Drops to manage the visibility of the drops. A drop can show or hide based on the tags provided by the drop admin while creating the drop.

  1. Go to My Drops -> click More on the NFT card

  2. Select Edit Tags
    droptags1

  3. Enter Tags
    droptags2

  4. Click Submit. Based on the tags given, the tokens will show or hide in the drops.

Waiting Room

A Drop Admin creates a waiting room to sell the editions of a token. These drops can be scheduled for sale by setting the time, date, and price. Buyers must buy the tokens within the set time, or they will be dropped out of the queue.

  1. Go to the Drops page. The waiting room opens 30 minutes before the start of the drop.

  2. Click Join Drop
    waitingroom1
    waitingroom2

 

Note

When minting the token, if the waiting room was disabled, then there will be no waiting room and the sale will begin as soon as the drop goes live.

  1. You will be redirected to the Queueit waiting room. You will have to wait until the drop begins and you will be assigned a random waiting number to participate in the drop and buy the token.
    waitingroom3
    waitingroom4

  2. Once the drop goes live and is your turn to enter the drop, click Yes, please
    waitingroom5

  3. Enter the details in the Purchase page and click Authorize Charge to complete the buyer journey.
    waitingroom6

Drop Level Royalties

Drop admins can set primary royalties at the drop level instead of at the NFT (token) level. While minting a token, when the Drop Admin selects future drop, then the primary royalties are set at the drop level. However, in case of direct listing, token royalties behavior remains as is i.e. primary and secondary royalties are set at the token level.

Steps to set up drop level royalties

  1. Sign in as a Drop Admin

  2. Go to My NFTs -> click Mint Collectible

  3. Enter the mandatory details for each field
    MintCollectible

  4. Go to the Royalties & Selling tab -> in the Available for purchase through field, select Future Drop -> select Subject to Royalties.
    The Initial sale percent field will not be displayed.
    Noinitialsale

  5. Enter the Wallet address and set the secondary sale percent. The following are some scenarios and their respective behavior:
    • If you enter the contract address and select Future Drop, then you will not get an option for subject to royalties during minting, however primary and secondary level royalities will depend on what you have configured at the drop and contract levels respectively.
      scenario1
    • If you enter the contract address and select Direct, then you will get an option for subject to royalties during minting for setting primary royalties only, but secondary would depend on contract selected.
      scenario2
    • If you do not enter the contract address and select future drop, then at the time of minting you can only add the secondary sale percent. The primary sale percent can be added while creating the drop.
      scenario3
    • If you do not enter the contract address and select Direct, then you can set the wallet address, primary and secondary royalty percent while minting the token.
      scenario4
  6. Click Mint

  7. Go to My Drops -> click Create Drop

  8. Enter the mandatory details for each field
    Createdrop1

  9. Go to the Royalties tab -> select Subject to Royalties -> the Wallet Address and the Initial sale percent fields will be displayed
    CreateRoyalties

  10. Enter the Wallet address and set the Initial sale percent -> click Create

  11. If you wish to set early access to the drop, then go to Early Access tab -> select Early Access

  12. Set early access start time

  13. Set Early Access Eligibile NFTs and choose the AND/OR function to operate

  14. Set a number in the Early Access Purchase Limit field. To ensure fair trade during live drop.
    EarlyAccess

 

Note

  • If the drop admin selects Royalty free in the mint collectible form, then the Royalties field such as wallet address, Initial sale percent and secondary sale percent will not be displayed.

  • If the drop admin selects Subject to Royalty and set it for Future Drop in the mint collectible form, then the fields such as wallet address and secondary sale percent will be displayed while creating a drop.

  • If the drop admin creates a drop and selects the drop type as single/packs/mystery box, upon entering the primary royalties at the drop level, then the royalties calculation will happen on the drop sale price.

  • If the drop admin creates a drop and has selected the drop type as packs where multiple NFTs are selected, if one of the NFT is royalty free and the others are subject to royalty, then the primary royalties set at the drop level is applicable.

  • If the drop admin creates a drop with contract address and selected for Direct listing, then the royalty management flow will be the same as described in the above steps.

  • If the drop admin creates a drop with no contract address but selects Direct listing, then the royalty management flow will only be at the mint NFT level.