White Paper

Welcome to the world of Bit Blobs, mysterious digital creatures that have spontaneously started spawning from technological devices in the year 2022... it's like the Roswell event all over again but on another level! 

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Bit Blobs are not just push overs... they have the will to survive and fight if need be and are never to be trusted or underestimated! 

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PROJECT OBJECTIVES

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The initial project utility plan is to create a community that will compete against one another in a tournament for a prize pool of WAX and a uniquely created 1/1 Bit Blob NFT at the end of each season! Each Bit Blobs NFT provides a certain amount of points towards the leader-board and at the end of each season the players with the most amount of points share 1st, 2nd and 3rd prize from the accumulated WAX prize pool.

Bit Blob NFTs can be purchased on Atomic Hub and later on Nefty Blocks They will be very limited and strategically released giving everyone a fair chance to acquire them.

Every NFT will be tracked on wax.bloks.io and players will be rewarded accordingly to what they buy and hold in their WAX wallet. Points will only count for wallet addresses that purchase the NFTs directly from the Bit Blobs WAX wallet 3v5r.wam

If you sell your Bit Blob NFTs to other people they will not receive the points on the leader-board as the points only get added once per account that has purchased the NFT/s directly. 

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Early members have the opportunity to get the Bit Blobs OG Role on our Discord server, allowing them to participate in some private channels like giveaways, events and receive special perks throughout each season. 

To receive this role you simply need to own the first 5 OG Bit Blobs (Daniel, Stan, Henry, Andrea and Bakemon).  

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At the end of each season 50% of all Bit Blobs NFT purchases will go into the prize pool for 1st, 2nd and 3rd place winners.

WAX PRIZE POOL SPLIT:

First place takes 70%.

Second place takes 20%.

Third place takes 10%.

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There is already an example of a successful first season that we just completed on the 30th of April 2022 and posted the results publicly here along with transaction ID's for the WAX payments that were sent to the 3 winners. 

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Season 2 is currently live and will end on the 30th of June 2022.

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HOW IS THE PRIZE POOL DETERMINED?

If the community spends 100 WAX on Bit Blobs NFTs then 50 WAX will be going into the prize pool + something extra like the unique one of a kind NFT. There will also be giveaways in the Discord server at random given times so members have a chance to get some free NFTs that can help them earn some points.

HOW CAN I WIN?

Simple, each Blob has Health and Power points. The more NFTs you hold the more points they are worth BUT if you have a full set of 5 you will get an additional 501 points per set! So you get 1500 points in total if you have a full set and 3000 points if you have 2 complete sets and so on. The only limit there will be is the size of the community of how the NFTs are minted and released and when the end of each season is reached.

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BLEND YOUR BLOBS?

We plan to introduce blending in Season 4 or 5, giving members the opportunity to enter their older season Bit Blobs into the new season by blending them. 

The decision will be yours as the older season Bit Blobs might still have other uses down the road and hold value or you may want to hold onto at least one of each NFT for collector purposes.

Blending burns the NFTs used in the process so chose wisely!  

DISCLAIMER:

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The information in this white paper is subject to change nor should any of the information be considered as financial or investment advice.

Currently this is a BETA NFT utility project and there is intent on much development.

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Looking forward to growing this project for the NFT community and thank you all for your support so far, it is much appreciated! - Kambas

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Bit Blobs ©2022