ToC Swap
ToC-Swap.com(0x3183Fd0470dB9e9923B66942963138374B3025d0)
Purpose
The ToC Swap smart contract provides a dynamic solution for establishing value for failed NFTs while promoting engagement with the Ebisu ecosystem. It sets a floor price in Community Token for unwanted or failed NFTs, incentivizing their trade-in while enabling a variety of promotional and flexible options for the client.
Key Features and Benefits
Floor Price for Failed NFTs
Establishes a minimum value (e.g., 1000 Community Token) for any whitelist (WL) NFT submitted to the contract.
Allows users with unwanted NFTs to convert them into Community Token, giving those assets a purpose.
Randomized NFT Swapping
Users can trade 1000 Community Token for one random NFT from the contract pool.
The pool can contain more than just failed NFTs—admins can mix in premium NFTs (e.g., leftover special collections or VIPs) as incentives or rewards.
Dynamic Adjustments
Pricing and configurations can be adjusted based on market conditions.
If the value of Community Token increases significantly, the exchange rate can be updated to maintain balance.
Promotional Flexibility
Temporary swaps with other tokens that can be introduced for specific campaigns.
Admins can preload the contract with promotional rewards for special events.
Fee Integration
A trade fee (e.g., 1%) can be collected and directed to the designated Community Token multisig wallet.
Fees can be waived for certain holders (e.g., special community perks), creating an exclusive benefit.
Enhanced Prize Incentives
Users may exchange multiple failed NFTs to accumulate Community Token, then try their luck for a VIP or premium NFT, fostering continuous engagement.
Acts as a gamified mechanism for the community to trade NFTs and explore rewards.
Liquidity Pool Pairing (Future Development)
Additional functionality could allow users to pair their Community Token payout with WCRO to form LP tokens directly.
Integration with the EB DEX API could enable users to swap their LP tokens for exclusive NFTs in a seamless process.
Low Cost of Entry
Minimal Community Token is needed to fill the contract since failed NFTs typically hold low market value (standard failed NFT price: ~3 CRO).
Cost-efficient while creating significant utility and engagement for the ecosystem.
Rationale and Value for ToC Swap
Ecosystem Growth: Converts failed NFTs into Community Token, bringing more users and liquidity to the ecosystem.
Community Engagement: Offers a unique, gamified platform for the community to interact with Community Token and NFTs.
Flexibility: Admin-configurable features make the contract adaptable for market conditions and promotional needs.
Sustainability: Generates additional revenue via trade fees while supporting Community Token liquidity.
By implementing ToC Swap, your project can introduce an innovative, engaging utility that adds value to the Community Token ecosystem while maintaining flexibility for future growth.
Frontend Updates Scheduled for v2 Q2 2025
NFT Selector
Bulk Swap
Dynamic Frontend
Artwork
New script implementation
Last updated
