DuckSquad — First decentralized venture capital NFT launches on Only1 – Cointelegraph


Would you prefer to invest in a private deal pre-initial DEX offering (-IDO)? Why should venture capitalists (VCs) get the best token deals when you — the users — ultimately are the most valuable part of any project? 

Blockchain startups provide DuckDAO users with a seed or private round allocation of tokens, which is distributed to those who have joined DuckDAO’s token-permissioned Telegram communities. This is achieved through the DuckSquad nonfungible tokens, or NFTs. The launchpad is linked here.

Only1 is the first SocialFi platform on Solana. It helps creators monetize and launch NFTs. 

Novel DeFi NFT: Decentralizing venture capital

One venture capitalist or 500 ducks?

Decentralization is the center ethos of blockchain startups, from a community moderation platform and play-to-earn games to trustless peer-to-peer (P2P) lending. Why should institutions get the best token deals when you — the users — are the most valuable part of any project?

Traditionally, venture capital would offer big checks to a startup to fund their initial development by purchasing equities in the company. In the blockchain world, startups often sell Simple Agreement for Future Tokens (SAFTs) to venture capitals at a favorable price — often at least 50% cheaper than when the token is first offered to the public via an IDO or initial exchange offering (IEO). Now, you can even participate in these deals. Let’s continue.

How it works

DuckSquad is a randomly generated collection of 3000 unique NFTs. 500 out of the 3000 DuckSquad NFTs has a special attribute — The Quack Quack Balloon. Holders of the NFTs with the Quack Quack Balloon get exclusive access to the DuckDAO private Telegram group and have opportunities to obtain allocation to Solana-based projects’ seed or private deal flows by five shares. For the other 2500 NFTs without the Quack Quack Balloon, holding them increases deal flow to Solana-based projects by one share, given that you already have access to DuckDAO private groups.


Oliver has two DuckSquad NFT with Quack Quack Balloon attribute and one DuckSquad NFT without. He can enter the DuckSquad private Telegram group and get allocated 0.36% of total allocation per deal flow: 5 + 5 + 1 = 11, 11/5000 = 0.22%. Therefore, a deal comes through to invest in ABC project (Disclaimer: not a real project) with a $100,000 total allocation. Oliver gets to invest $220.

Initial NFT offering (INO) details

  • Quantity: 3,000 NFTs
  • Price: 1 Solana’s SOL
  • Model: Lottery for allocation
  • NFT per winning ticket: One DuckSquad NFT
  • Launchpad link here

About DuckDAO

DuckDAO is a decentralized incubator that helps promising projects achieve their full potential by democratizing access to early-stage investment opportunities that were previously available only to well-heeled investors and venture funds, opening up the closed ecosystem of early-stage crypto project investments to everybody. And DuckSquad is the NFT under DuckDAO that grants users access to deal flows in Solana.

About Only1

Only1 is an NFT-powered social platform built on Solana. We help creators monetize and allow fans to connect with the creators they love in a unique way, similar to a decentralized Patreon — read more on create-to-earn (C2E) here. Mixing social media, NFTs, decentralized finance (DeFi) and the native token LIKE, Only1 offers a Web 3.0 solution to creator economy and fan engagement.

The new world of decentralized social media is here, and it’s being built on Solana. Follow us to learn more.

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