Quartz gives you easy access to test extreme innovation in NFTs and build for the next generation. Built on Substrate, Quartz gives you the most versatile options for discovery and democratization of the NFT ecosystem and marketplaces (with very low barriers for entry).
Advanced features like Flexible Economic Models, Scheduled Transactions, Re-fungiblity, and Nested NFTs will all be available via Quartz, allowing users to own UX/UI for your fans and customers.
Distribution of QTZ Rewards Explained
Head to the blog link above to learn more about the Quartz rewards process, how to check and understand your balance, and how to unlock vested QTZ. You will also find information on how to convert your Kusama address into a Quartz address to access rewards.
If you participated in our Quartz crowdloan, you are entitled to (and have likely already received) rewards. On 16th December, 2021, we started delivering QTZ rewards to nearly 9,000 wallets.
A crowdloan is a way for new projects on Polkadot and Kusama to get the support they need to connect to the Kusama or Polkadot network as a parachain.
Crowdloan contributions (KSM tokens for Kusama project crowdloans and DOT tokens for Polkadot project crowdloans) are bonded or locked into either a Kusama or Polkadot sponsored account for a designated period of time (a “lock period”).
While bonded, the contributed KSM tokens can be used to cover the cost of parachain lease (the amount needed to secure a parachain slot on the Kusama networks), but are never directly accessible by the project parachain. If the project is unable to win an auction, the funds are returned to their owner and unlocked.
While both Unique and Quartz were built on Substrate, a modular platform for building blockchain, they differ in that Quartz is specifically built for the Kusama community. While Kusama utilizes nearly all of the same code as Polkadot, it’s built more specifically for experimental projects that are looking to test and perfect scalability and interoperability. Quartz is the ideal place to jumpstart your plans for building your own NFT ecosystem/marketplace.
Through the UNique Network Website - Click here
This is the easiest way to participate - Just link your Polkadot.js wallet, type in the amount of KSM you want to contribute and click “Participate”
Through Polkadot.js APS UI: just click on “Contribute” button in Quartz row
Bifrost SALP: Please follow this link: https://t.co/Zm8R4i9tra?amp=1. To know how to participate via Bifrost you can watch this video: https://www.youtube.com/watch?v=DBqALotXy0s
Fearless Wallet: You can download the Fearless Wallet via Apple or Google Store, add KSM to your wallet, chose Kusama Network and contribute to Quartz Crowdloan via the Crowdloan page
You will need to buy KSM from an exchange and transfer it to your polkadot.js wallet before you can participate in the crowdloan. In case you already have KSM bonded or staked, you will first need to unbond and allow a cooling period of 7 days before you can participate in Quartz crowdloan.
Unbonding or unlocking refers to the event when you'd like to stake your KSM to a crowdloan project, but it is currently staked in another protocol or project. In order to unbond your KSM, you may follow these steps: https://guide.kusama.network/docs/maintain-guides-how-to-unbond/
The base reward is 237 QTZ per 1 KSM. However, early participants will get significantly higher rewards. The first KSM contributed gets a total of 750 QTZ. Subsequent rewards are shown on reward graph above.
You will get your QTZ right after the TGE (Token Generating Event). A rough estimate for TGE is early December, but it also depends on Parity's and Kusama's plan changes.
Untill the TGE your total contribution and reward will be visible at the crowdloan page. At the moment of TGE all the QTZ will be locked. Since then you will see your tokens at Polkadot apps UI - Quartz network, including:
Your QTZ will be linearly vested in every block within 10 month.
Crowdloan is live now and will go on till we win the slot.
If hell freezes over and we won't win an auction - your KSM will be returned to you on November 27th.
Minimum amount is 0.1 KSM;
Maximum amount is limited to 220 000 KSM
You need to have extra 0.001 KSM in your wallet to pay for the transaction fee and keep the account alive. This is a requirement by the Kusama network. To illustrate with an example: if you plan to contribute 100 KSM, then you need to have an available balance of 100.001 KSM.
If you are amongst the first 100 participants to stake 10 KSM or more - a chelobrick will find their way to your wallet!
Have fun checking them out here - https://unqnft.io/#/market.
We will announce in our Telegram and Discord as soon as we get information about the first 100 participants.
We will distribute 100 Chelobricks within a week after the announcement of the winners.
If you found your wallet in the announced list - nothing else needs to be done, just stay tuned!
Get the news first!
