text: Project Galaxy - Helping to build Compound's first NFT-based Loyalty Campaign! - Ideas - Compound Community Forum
  Project Galaxy - Helping to build Compound's first NFT-based Loyalty Campaign!
  pokka June 9, 2021, 1:05am #1
  Hey guys! This is Pokka from Project Galaxy. Project Galaxy is a NaaS (NFT-as-a-service) infrastructure that empowers communities with gamified loyalty systems. We believe that community management is key to decentralized organizations and NFTs can be a perfect medium to power on-chain achievements and credentials. After talking with Calvin Liu, we want to share our plan here with all of you.
  Sorry for being wordy because this proposal might take a minute for you guys to go through. Therefore, we have prepared some surprise gifts for you at the end of this proposal!**
  All communities need a suite of tools like CRM to identify its long-term contributors and manage member relationships. This is especially true for DAO and NFT and therefore are perfect mediums for this.
  How Can Project Galaxy Help Compound Finance:
  Galaxy Protocol contains plug-and-play modules that allow communities to create customized NFT-powered campaigns based on their needs. With our V1 launch, we recommend three campaign templates for Compound Finance to kick off their NFT journey:
  Background Story Ideas for the NFT Collection
  We believe Compound Finance can build a new world of DeFi, so we recommend a brand story similar to creating your own SimCity. Community members can participate in different campaigns to collect architecture NFTs, Land NFTs of different dimensions and landscape NFTs. Eventually, users will be able to forge the buildings they have collected to build a city (City NFTs). Different NFTs would have different scarcity or power levels.
  1. Governance Campaign - Mission
  Reward those who actively participate in the Compound governance with different kinds of architecture NFTs.
  NFT Collection Theme in this mission: For example, a skyscraper, a cathedral, Japanese garden…
  Each vote you have cast will allow you to claim 2 Mystery Boxes
  Each Mystery Box will give you 1 random NFT out of the 6 different architectures.
  2. Supply (cToken) Campaign - Mission
  Reward those who hold cTokens with landscape NFTs.
  NFT Collection Theme in this mission: Beach, mountain, rainforest, desert
  Holding at least $500 worth of cTokens for 5/20/35/50/65/80 days gives you the chance to claim 1/2/3/4/5/6 additional Mystery Boxes. (e.g. holding for 5 days = 1 Mystery Box, holding for 20 days = 2 additional Mystery Boxes, etc.)
  Each Mystery Box will give you 1 random NFT out of the 4 different landscapes.
  3. Borrow Campaign - Mission
  Rewards those who borrow $100 worth of assets for 1/5/10/15/20 days
  NFT Collection Theme in this mission: 2x2 land, 3x3 land, 4x4 land in the form of card
  Users who have borrowed $100 worth of assets for 1/5/10/15/20 days, will receive a chance to claim 1/2/3/4/5/6 Mystery Boxes.
  Each Mystery Box will give you 1 random NFT out of the 3 different sizes of land.
  Forging Campaign
  Allow community members to forge collected NFTs from previous missions into Mega City NFTs.
  There will be 3 levels of the City NFTs (2x2 City, 3x3 City and 4x4 City), and each level has 3 different City designs.
  The NFTs that the users claim from the borrow campaign will determine the level/size of the final product. The NFTs from Governance campaign and Supply campaign have different scarcity scores. To mint the final City NFTs, you will be required to provide at least 3 NFTs from those 2 campaigns. The total scarcity scores of the NFTs users supply will determine the final City in that certain level.
  These are just some of the draft ideas. They are open for suggestions and discussions within the community so together we can make this NFT campaign for Compound the best in the blockchain space!
  Such Achievement-based NFT Campaigns Can Help Compound with
  Promote governance and protocol usage through NFT gamification
  Identify long-term and core contributors in the community
  1. Minting cost
  The minting fee charged is used to cover the transaction fee that Galaxy team pays to the network. This is not for Galaxy to gain any profits.
  Note that this is in addition to the transaction fee that users need to pay. When users initiate a claim transaction on-chain, our service listens to that event, checks user eligibility and initiates a minting transaction.
  How is the minting cost determined?
  It varies depending on gas price of the network.
  The minting cost is calculated using the past 7 day avg gas price on Ethereum.
  The reason that we don't let the players claim and mint directly is that it's expensive to have all the whitelist data on-chain (since this is dynamic and the list of addresses is huge). So we incorporated an oracle service involving subgraph queries to check user eligibility.
  Access to control minting cost can be given to the Compound team if needed.
  2. Platform fee
  The platform fee is charged when users claim the NFT. It is a $2 flat fee paid in equivalent $ETH or $BNB on top of the minting cost. And it will be charged along with the minting cost to users in one transaction.
  Fees will be collected by the Galaxy community treasury and further support the development of the Galaxy infrastructure.
  The fee can be waived if the developer chooses to compensate on behalf of users.
  We will be launching Galaxy V1 and the first set of Compound NFT campaigns soon. While we gather initial feedback from community members through these campaigns, we will be preparing for the next set of Compound campaigns that aim to reward community members that contribute to different parts of the Compound ecosystem.
  In the long run, we expect more community members can be more directly involved in the process of campaign/design creation. We are really excited to work alongside the Compound community on this.
  Please don't hesitate to comment under this post or on the Compound channel of Project Galaxy Discord. Looking forward to hearing your feedback!
  We really appreciate all of your patience to stick with us to the end. If you are excited about this event as we do, please comment down below!
  The first 100 Community members who commented will be eligible to own the ultra-cool exclusive limited edition Compound version Galaxy Genesis NFTs! (The comment has to be meaningful, don't spam!)
  Though we cannot disclose the names yet, here are some upcoming partnership examples with other notable projects.
  Case #1 - Building a Mining Machine and Promote Staking
  Build Your Mining Rig (Part 1 - Staking Campaign):
  How to Participate: Staking
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  Build Your Mining Rig (Part 2 - Forging Campaign):
  Requirements to forge: Stake 100 tokens
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  Case #2 - Creating you own dishes and Promote the activities of DEXes
  Create your own dishes (Part 1 - Collecting ingredients):
  How to Participate: Trade, Vote and Stake LP tokens on the DEX
  Participants will receive one or more of the Ingredient NFTs
  Create your own dishes (Part 2 - Cooking!):
  Participants will forge 3 of the ingredient NFTs they collect into a dish.
  KalpaBTC June 9, 2021, 3:44am #2
  Sounds very coool! Collecting NFT to build a city. But is the access of getting NFT too hard? And I'm wondering about the NFTs' looking.
  Peer June 9, 2021, 6:53am #3
  While this seems like a thorough concept, for me personally that's too much gamification in an environment that doesn't need it: finances.
  I'd rather support a loyalty campaign that links to real world environmental protection, preservation, restoration, etc. That would feel quite timely IMO.
  getty June 9, 2021, 4:41pm #4
  It seems like a fun idea and should help build the Compound community. I'm unclear what you need from Compound/community to make this success. Can you please clarify?
  Anomura June 10, 2021, 11:10am #5
  Any idea the art style on the city pieces? Really curious what they'll look like.
  Reyals June 10, 2021, 12:22pm #6
  How are NFTs different from airdropped tokens? They can also be traded away.
  nbutton23 June 10, 2021, 12:40pm #7
  I am normally skeptical of gamification (more as a worry for what behavior is being promoted), but I don't see any harm coming from this.
  Can you give estimates for minting cost? (I.e if gas is X then minting would be between $y-z)
  tgmed June 10, 2021, 9:26pm #8
  Would be cool to provide NFTs to early users of the compound protocol. There is a retrospective airdrop being planned, that can accompany this NFT
  ken-galaxy June 11, 2021, 10:52pm #9
  We are just gathering some ideas from the community:
  Rules/eligibility to claim the achievement-based NFTs
  Some ideas about the design of the NFTs.
  By the end of the next week if we can gather enough feedback, we will re-draft a proposal and apply for a small grant to start working on the design and development.
  The program can be shipped in 1-2 weeks after that. When the campaign is live, we want to see if it's possible to be integrated on Compound website.
  ken-galaxy June 11, 2021, 10:53pm #10
  We welcome the community to join the discussion of the design/art style of the NFTs.
  pokka June 11, 2021, 10:54pm #11
  The claiming process is simple. Just click the button and NFTs will be yours (if you are eligible ofc)!
  The rules for the campaign can be up for discussion.
  We'll first and foremost make sure the NFT look amazing.
  ken-galaxy June 11, 2021, 10:55pm #12
  Exactly, it can be a separate mission on top of what we have on the post. Retrospectively reward early adopters of Compound, etc.
  pokka June 11, 2021, 10:57pm #13
  We can make NFT badges non-transferrable, depending on how community want. This is like a membership status, in the future it can actually be used for various growth hacking marketing for Compound.
  Pollon June 12, 2021, 2:44pm #14
  This is definitely an interesting idea, i just joined the discord group,and i hope to see some progress soon. I would suggest you check out a chargeparticle project as they are developing some features that allow people to "charge� their NFT with tokens inside! And I think these features would perfectly suit Project Galaxy !
  CryptoCraig June 14, 2021, 9:17am #15
  This would be really cool if the NFTs had something to do with Compound or finance. Instead of building cities, maybe users could build banks/banking systems. I understand that some of the NFTs will be created due to Galaxy's partnerships and must be designed around such, but if this comes to fruition, I'd personally like to see some NFTs based on financial aspects first to see where it goes.