Here’s our 51th AMA recap!

Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with LiL Moon Rockets on March 4, 2021. This guest star,

  • Valentina Spatia — Partner Associates Tenens Fortis DAO

Introduction

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

Hi Im Valentina, Im working with Tenens Fortis DAO.

Im mainly doing PR & community.

Tenens Fortis is a decentralized powerhouse with creatives in various fields. In December of 2020, we, a group of developers and artists encounter eachother in Virtual Reality.

One of the artists, Rick from Singapore, showed some concepts he was working on at the time. It was Morion who suggested that it would be great to morph his artworks more towards the crypto direction in february, with the release of the Hashmasks artworks on the Ethereum Chain. Wuzeh was already known with the Ethereum VM and solidity development so he started creating the smart contracts for what was to become the LiL Moon Rockets project presented to you on our website.

Q1. Could you please give us a simple introduction of LiL Moon Rockets? What’s the motivation for starting build LiL Moon Rockets?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

Ok sure. good question

LiL Moon Rockets is a digital vector pop art NFT collection consisting of 13337 unique art pieces, stored on the Binance SmartChain as NFTs.

The LiL Moon Rockets collection was curated out of 272,160,000 possible combinations using a unique proprietary random number generation algorithm.

During the initial 3 weeks of distribution of the artworks, you don’t know which of the 13337 artworks you will be buying. Three weeks after the acquisition phase starts, or earlier if all 13337 NFTs have been distributed before that, the final sequencing of artworks will be revealed through blockchain initiated entropy.

LiL Moon Rockets NFT owners can claim so-called NYR-tokens (Name Your Rocket) daily. NYR-tokens can be used to give the NFT artwork a unique name.

Our website is lilmoonrockets.com by the way.

By the way the motivitation was because we like to make original art.

we like to express ourselves. I think its human behaviour :)

Q2. What makes LiL Moon Rockets special? How is LiL Moon Rockets better than other platform?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

I don’t know if this is better than another platform. We have a blind sale during the 3 weeks ending on March 16. During this time anyone who buys gets extra $NYR tokens (3x bonus) but you don’t know which artwork and it’s rarity you will be buying.

Only 13337 LiL Moon Rockets will ever come into existence. A digital vector pop art NFT collection on the BinanceSmartChain is being minted at rocketspeed. The actual LiL Moon Rockets collection was curated out of 272,160,000 possible combinations using a unique proprietary random number generation algorithm.

Every artwork has unique traits. Variants in color, colorscheme, pattern, size of pattern, rocket base, rocket window, hitchhiker and other attributes. Can you spot them all? Each of the 13337 NFTs is unique. And owners make the artwork even more unique as they are able to give it your artwork(s) a unique name.

So we are an NFT and not a DEFI project. Just so you know!

Q3. Can you explain what is the function and value of the NFT LiL Moon Rockets? How is it used in your ecosystem?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

NFT = Non Fungible Token. When you buy an NFT you generally buy art. The perceived value is in those who hold or want to own the artwork. Some of the LiL Moon Rocket artworks are more unique, have more rare traits then others.

So we have a selection of 13337 unique NFTs which are bound to unique artworks, called LiL Moon Rockets and which you can explore on our site.

Those artworks have varying uniqueness / rarity. All are unique, some are more rare then others.

Not financial advice: some people want to have a very unique rare Rocket to own. Some would offer a lot for that. But that is out of our hands. We currently distribute them on a blind sale so you don’t know if you get a very rare version or a little less rare one. But you should only buy LiL Moon Rockets because you want to own one or more of them.

Q4. Regardless of the NFT you have developed, is the team behind Lil Moon Rockets planning to soon create another product on your platform?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

No we don’t have another project scheduled beyond some fun twitter game and the complete gallery.

Also one of our developers is making a secondary market for reselling LiL Moon Rockets, but that will be his own project.

So to elaborate. On our website lilmoonrockets.com you can currently explore the gallery of artworks.

But that gallery is not yet revealing the rarity / uniqueness of each artwork.

The explicit gallery with all details of artworks uniqueness will be available once the initial distribution is done, which is on March 16 or earlier if sold out.

Q5. Can you please tell us the current LiL Moon Rockets road map? How far has LiL Moon Rockets been developed at this time? and what will you realize in the future?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

Our timeline

1. Until 16 March: Blind distribution of LiL Moon Rockets NFT with 3x bonus $NYR tokens

2. After 16 March: Open distribution of LiL Moon Rockets for only 1x $NYR tokens

3. Until 2026: Emission schedule of $NYR tokens.

About $NYR:

$NYR is the second token which comes with ownership of the LiL Moon Rocket NFT. $NYR is a standard BEP20 token which can be used to rename your LiL Moon Rocket NFT.

Each day, 7.37 Name Your Rocket-tokens (NYR) are accumulated by each LiL Moon Rocket NFT and can be claimed by the current holder whenever seemed fit.

Once you collect 1337 NYR (about half a year worth of NYR), you can burn these tokens and change the name of your LiL Moon Rocket on-chain. If you buy a LiL Moon Rocket during the first 21 days of the initial acquisition phase will receive 1.5 year worth of NYR (3 * 1337 NYR, the equivalent of 3 name changes).

After the 21 days, each sold (if still available) LiL Moon Rocket will start with enough supply for a single name change (1337 NYR).

TWITTER QUESTIONS

Q1. What does every artwork in Lil Moon Rockets mean by holding an NFT. Including commercial use? What is a “scalable vector”? Can you explain this in more detail about that?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

When you buy a LiL Moon Rocket, you get complete ownership over the artwork. So you can use it however you like. Maybe for commercial reasons (putting it on a t-shirt and selling the t-shirt).

Scalable vector means: The artwork can be sized up to unlimited proportions. If you want to print it on a major building, it will still be printed very sharp.

Q2. What is the main reason for LiL Moon Rockets using BSC, how did LiL Moon Rockets improve the current state of NFTs in the crypto space instead of using the ETH blockchain? What advantages does BSC provide for this purpose? How does the BSC network fit in with Lil Moon Rockets?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

LiL Moon Rockets NFT launched indeed on the Binance Smart Chain. The Binance Smart Chain offers a viable alternative to the relatively high fee state of Ethereum as of now

LiL Moon Rockets aims to be an “art for everyone” model, in which the earliest artworks are minted for a fraction of the costs of the last (20,000x).

The Binance Smart Chain supports the Ethereum Virtual Machine and therefore the LiL Moon Rockets smart contracts are interchangeable.

By the way: Should the LiL Moon Rockets community in a later phase like to swap to Ethereum, after a governance based vote, the Tenens Fortens DAO is willing to snapshot the state of the project onto Ethereum, but the aim is to have one of the first full fledged dynamic NFTs on Binance Smart Chain.

Q3. According to the website during the first 3 weeks of artwork distribution, it is not known which of the 13337 works will be buying. Why is this a secret? Will it be revealed after the presale is over? What is the initial value of the NFT? who is the creator?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

Ok sure. Thx Wilder8Wilow.

In order to prevent founders or any other art-hunter obtain the super rare LiL Moon Rockets a hidden sale is being used. This way, initially, no one can know which artwork will be bound to their NFT.

Once the three week period is over (16 March) or the sale of 13337 NFTs concludes (whichever is earlier), the rocket graphic is assigned to the actual NFT.

This is done by an on-chain random entropy mechanism. There is an initial sequence in which each NFT is hashed for the proof of the full collection which is displayed in the Provenance Record for LiL Moon Rockets. https://lilmoonrockets.com/provenance.html (warning very long loading time)

Q4. If the sales target has been completed, which market will you choose to listed NFTs LiL Moon Rockets and NYR tokens? How will investors trade it? Will all decisions rest with the holder?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

We have a standard BRC721 (ERC 721) contract so anyone who can interact with that can list the NFT.

Some BSC markets approached us already.

Also: Our dev is looking into a side project and making his own secondary resell market. Just so you know this is not our intention and although it would be cool to see any other market offer reselling of our NFTs, it is not our business.

But with BSC’s rapid evolvement and compatibiltiy with Ethereum Chain, I doubt it will take long before many secondary markets exist.

Q5. How can we trust our funds with LILMOONROCKETS ecosystem? What security measures being implemented in your network? Is your smart contract audited already?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

To be clear: 1. No our smart contract itself is not audited. Why?

We have a default NFT / ERC/BRC 721 contract . This is an opensource contract.

Our smartcontract is opensource on BSCScan and linked on our website https://lilmoonrockets.com. As you can analyse this, this is how a regular ERC 721 Standard NFT contract looks. It comes from OpenZeppelin audited contracts.

No, you are not trusting any funds with us. When you decide to buy one or more NFTs you actually pay for the ownership of the NFT.

The contracts make sure you are the owner of that NFT and will be able to rename it, or transfer it to anyone else, including third party secondary markets. Always be cautious to who you give your private keys or approval to maintain your funds on your behalf!

TELEGRAM QUESTIONS

Q1. From @Gabrielle124

Your project LiL Moon Rocket is quite interesting and especially the project name..What was the story behind of choosing that name for your project?What was so special about it?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

LiL Moon Rockets comes from the crypto meme: Let’s go to the moon. And the Moon Rockets by Elon Musk etc. We tried to put as much references to memes in our project.

Q2. From @LSilv1ani

With all the advances blockchain has made so far, the full potential of NFTs in the ETH network has yet to be unleashed. By using BSC, how does LilMoonRockets improve the current state of NFTs in the DeFi space? What strategic advantages does BSC provide for these purposes?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

We are an Art project and no DeFi Project. We are artists and not financial wizards. We made a collectibles collection of 13337 unique artworks with various levels of rarity. We like BSC and picked it over Ethereum because: LiL Moon Rockets aims to be an “art for everyone” model, in which the earliest artworks are minted for a fraction of the costs of the last (20,000x). The Binance Smart Chain supports the Ethereum Virtual Machine and therefore the LiL Moon Rockets smart contracts are interchangeable. Cheaper gas, faster transactions, life is good.

Q3. From @FanDefi

Security is always the top task of projects. But lately, a lot of cryptocurrencies and blockchain have been appropriated by hackers. What security measures does your project have in place to avoid the possibility of being appropriated by hackers?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

Our smartcontract is opensource on BSCScan and linked on our website https://lilmoonrockets.com. As you can analyse this, this is how a regular ERC 721 Standard NFT contract looks. It comes from OpenZeppelin audited contracts.

Q4. From @Lovross10

Has your project been completely decentralized, and will there be any risk of centralization in the future?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

Yes: although our website runs on a centralized platform, all artworks are hosted on the decentralized Interplanetary Filesystem (IPFS). You can find the links to the decentralized hosted versions of the artworks at https://lilmoonrockets.com/provenance.html . The smartcontracts are hosted on the Binance Smart Chain’s statefile and as long as the BSC stays alive and decentralized, our project is alive as well. You can interact with the smart contract without our website, for example using BSCScan.com and other explorers.

Q5. From @Gabrielle124

what is on chain random entrophy mechanism?what does it do?

Valentina — partner associates LIL Moon Rockets / Tenens Fortis DAO,

During the initial 3 weeks of fair distribution of the LiL Moon Rockets NFTs, you don’t know which artwork and its rarity will be assigned to your NFT. Only once the 3 weeks end (or earlier when sold out), the smart contract triggers a function called “finalizeStartingIndex”, which will set the final sequence for the artworks and assign them to the NFTs issued. The entropy is based of:
1. We don’t know when the sale finalises.
2. We don’t know who will be producting the block.
3. We don’t know what blocknumber it will be in.

These variables are all of factor for getting to the final starting index and that’s what we mean by OnChain Entropy. In our smartcontracts, listed on our site https://lilmoonrockets.com you can find the details.

Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about LiL Moon Rockets.

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