Announcing Our Exciting Partnership with Waldos: A Groundbreaking NFT Mint Collaboration

Introduction

Nemeos is thrilled to announce our partnership with Waldos, a prominent Web3 project focused on the legal cannabis and CBD culture.

Together, we are revolutionizing the NFT minting process! By integrating Nemeos’ decentralized split payment solution, Waldos is making their NFT minting more accessible and convenient for their community. This article provides an in-depth look at the Waldos project, the upcoming NFT mint, and how Nemeos is enhancing the experience for all participants.

About Waldos

Waldos is a pioneering web3 project that promotes the legal cannabis and CBD culture. Backed by notable entities in the web3 space, including PyratzLabs, Waldos launched its first NFT collection in 2022, selling approximately 304 NFTs at 0.1 ETH each. The proceeds from this initial sale enabled Waldos to open a physical CBD shop in Montpellier (France), further cementing their presence in the industry.

The Waldos NFTs offer multiple utilities, such as:

• Discounts: Enjoy 30%-50% discounts on all Waldos CBD purchases, applicable both in their physical and e-commerce shops, based on NFT rarity.
• Token Airdrop: Post-mint, every Waldos holder receives a Waldos token airdrop. The amount of tokens airdropped will be proportional to their holdings.
• Referral Rewards: New Waldos NFT holders can earn 0.01 ETH cashback per successful referral mint during the public sale.

The Upcoming NFT Mint

Waldos is set to sell the remaining 116 Waldos NFTs, with the first 304 already held by loyal holders. Since the 2022 mint, Waldos NFTs have maintained a stable price despite challenging market conditions. Currently, only a few assets are listed on OpenSea.

The mint is structured in multiple phases:

1. Waldos List Private Mint
   • Duration: 24 Hours
   • Date: August 8th, 15:00 UTC to August 9th, 15:00 UTC
   • Price: 0.1 ETH (0.08 ETH exclusive price for existing Waldos holders)
   • Eligibility: Existing Waldos holders and Waldos List owners
2. Public Mint
   • Opens: August 9th, 15:00 UTC
   • Price: 0.1 ETH
   • Incentive: 0.01 ETH cashback per successful referral mint for new Waldos holders
3. Trading: Waldos NFTs become tradable starting August 9th, 17:00 UTC.

This is summarised in our dapp at app.nemeos.finance.

Nemeos’ Role in the Operation

For the first time, users will be able to mint NFTs using a decentralized split payment solution, thanks to Nemeos. This innovative approach allows the Waldos community to purchase NFTs without a significant upfront cost, enabling broader participation and lowering the entry barrier.

How Nemeos’ Split Payment Solution Works

Using Nemeos’ split payment solution, users can mint their Waldos NFT now and pay as they go. The process involves three simple steps:

1. Initial Payment: At checkout, choose the 4x payment option and make an initial payment of 0.025 ETH. You will receive a temporary version of your Waldos NFT, which has the same benefits as the real one, while the actual NFT is held in the Nemeos pool.
2. Continued Use: Continue to use the temporary Waldos NFT while spreading out your payments. You will be notified of upcoming deadlines via email. Failure to pay results in losing your Waldos.
3. Final Ownership: At the end of six weeks, your temporary Waldos NFT is destroyed, and you become the proud owner of the real Waldos NFT, enjoying all its benefits within the community.

The process is summarized below:

Nemeos operates as a DeFi protocol, with loans issued by Nemeos’ audited smart contracts and made possible through liquidity provided by external LPs.

Benefits of Using Nemeos

Nemeos’ split payment solution has two main advantages for end users:

• Accessibility: Reduce the upfront cost and start enjoying your Waldos without significant initial expenses. You can even use Nemeos and participate in the private sale, and leverage the referral process to get cashback during the public sale! Three referrals can cover your next payment!
• Convenience: If your liquidity is locked in DeFi or split between multiple wallets/DApp, Nemeos offers a simple solution to participate in the mint. Secure your asset with only a 25% upfront payment, giving you time to rebalance your portfolio and pay the remaining amount later.

Why Become a Liquidity Provider (LP)?

Liquidity is essential for the Nemeos protocol. By providing liquidity, LPs can enjoy several benefits:

• Yield on Deposit: Each loan has a 10% APR, providing a higher yield on ETH deposit than ETH staking (2-3% yearly), and there is no risk of impermanent loss. Liquidity is locked for a maximum of six weeks.
• Priority Purchase: LPs have the opportunity to buy Waldos NFTs from defaulted loans (liquidations) at prices lower than the floor price, enabling immediate arbitrage strategies.
• Support the Waldos Project: Help expand the Waldos project and its community.
• Additional Rewards: The largest LPs will receive products from the Waldos shop, and all LPs will be rewarded with a Nemeos NFT, which will have valuable utilities disclosed later, especially beneficial for long-term believers in our project.

Interested in providing liquidity and earning yield? You can deposit ETH in the Nemeos x Waldos pool.

Conclusion

Nemeos is excited to partner with Waldos to bring this innovative split payment solution to the Web3 space. This collaboration not only makes NFT minting more accessible but also enhances the overall experience for the Waldos community. Join us in this groundbreaking world premiere operation and take advantage of the unique benefits offered by both Waldos and Nemeos.