UPDATE: Holders of the CO Origin tokens will be able to burn their NFTs to claim their CO tokens starting from 8 October 16.00 UTC here until 00.00 UTC 27 March 2023 (180 days after listing). As the distribution is handled by the contract, it's not possible to know the allocation until you burn your NFT, but the CO distribution will follow the percentages as set out below. If you don't already have song shares as a backer on Corite, this is the time, as that will 10x your allocation or the person buying it from you.
Please note that ALL your CO Origins kept in your connected wallet will be burnt at the same time, but each CO Origin NFT will be getting a random amount of CO tokens allocated to it. If you don't want to burn all CO Origin NFTs you need to move the ones you want to keep to another wallet before burning.
*** UPDATE 25 May 2022: All 9,999 NFTs minted ***
Contract address: 0x7d2294ada7e0ea550aff40f4d5c2b8b6e8921b30
You can trade your Corite CO Origin NFT on corite.com/marketplace, at NFTrade or Galler
The Corite CO Origin collection is a collection of up to 9,999 NFTs minted by the early supporters of Corite. Not only do they represent a unique token of support, but they also come with a chance to burn them for a random amount of the Corite CO tokens.
It's free for Corite users
Each Corite CO Origin is free of charge, but you need to pay the so called gas fees using BNB on the BNB Chain and you need to be registered Corite user.
A maximum of 3,333 Corite CO Origin NFTs can be minted per day. Each Corite user and wallet can get one per day, with each day ending at 10AM UTC. If all available tokens are not minted in one day, it's kept in the pool. The minting will stop when all tokens are minted or after seven days, which ever comes first. That being said, we reserve the right to stop the minting process for any reason and before the end of the seven day period.
Each NFT is a mystery box
10 days after the Token Generation Event of Corite’s native utility token $CO, a hidden value will be revealed for each Corite CO Origin NFT. These values range from 0 and 500, with 500 being extremely rare and each value having been randomly assigned to each NFT. Current holders of the Corite CO Origin NFT and who have connected the same wallet on the Corite platform can burn the token to redeem it for the same amount of $CO tokens.
The distribution is as follows:
- 50% - 1 $CO
- 13.50% - 5 $CO
- 5.00% - 10 $CO
- 1.00% - 50 $CO
- 0.40% - 100 $CO
- 0.10% - 500 $CO
10X your $CO tokens
But it gets better still. Backers with song shares will 10x their allocation when burning their Corite CO Origin NFT, resulting in a possible amount of 5,000 $CO tokens. This way, both backers and artists will benefit from our early supporters.
As always, we are all guided by our Terms of Use.
Thanks for supporting great music!