The wait is almost over. Luart is soon launching their first MVP product: the Launchpad. We are bringing the full functionality of an NFT minting application to a beautiful and seamless interface for both creators and users.
What is Luart?
Luart is the first gamified NFT Marketplace on the Terra Network. Our platform will deliver a seamless experience across minting, trading, and earning rewards just for being a user. On top of offering an intuitive marketplace experience, users are able to play2earn for NFTs, participate in NFT farming, and rewards, and smoothly launch their own projects.
The Launchpad
What makes our Launchpad unique is the integration of the in platform scoring/reward system: LUA Power. Through Luart’s Launchpad, users will be able to mint NFTs from their favorite collections and earn LUA Power.
First, what is LUA Power and how does it benefit the user?
LUA Power gives users a chance to compete for positions on our leaderboard to earn platform exclusive rewards like handpicked NFTs and access to special events. To produce users’ LUA Power score, we will track their participation on the Luart platform. Activities that can count towards Lua Power include, but are not limited to: staking $LUART, minting NFTs from platform exclusive launches, trading NFTs, and holding NFTs on our platform..
There are two sides of LUA Power benefits during the minting process of NFT collections. When minting, different NFT collections will have LUA Power multipliers for minters. For example, XYZ NFT collection will have a 3x LUA Power multiplier for each NFT minted on the Luart Launchpad. Users will increase their LUA Power scores for minting!
On the other hand, users will be able to redeem whitelisted spots by burning LUA Power. Let’s say ABC NFTs decided to open a whitelist for 1,000 out of their 10,000 total NFTs and they allocate 200 of those to Luart (or even open another 200 spots just for Luart). LUA Power holders can effectively spend or “burn” their LUA Power for one of those whitelist positions.
To reiterate, the core feature of LUA Power is rewarding users for activity. Luart brings a new way for users to be rewarded in the NFT ecosystem. The Launchpad process is just one of the many ways Luart plans to incentivize users to interact with NFTs on the platform. Explorers get ready, as we get closer to launch we will continue to release details on your missions.
Technical Specs
Luart’s developer team has been hard at work ensuring the Launchpad experience for creators and users is functional and fluid. At capacity, the minting process would be able to handle more than 20,000 assets.
- Users can navigate and select projects that have live minting
- Minting allows for 20 NFTs per launch from a single address
- After NFTs are minted, users will see randomization process and can check their wallet for all owned NFT tokens in the given collection
- Each minted NFT is selected randomly based on the smart contract environment values and is not/can not be controlled by the Luart team
- Projects can display their Roadmap and key facts on the mint page to further enhance UX and educate users
Explorers can expect the Launchpad to be ready for launch in the next coming weeks. Stay tuned as we release more details on your mission!
#PutYourHelmetOn
Join Luart
We are always looking for developers and creative minds who are interested in joining us on this journey in building the first gamified NFT marketplace in the Terra Ecosystem. See the links below to reach out.
- Email: hello@luart.io
- Twitter: https://twitter.com/luart_io
- Telegram: https://t.me/luart_io
- Discord: discord.gg/luart
- Website: https://www.luart.io
