FAQ
GENERAL
What is NostraCity?
NostraCity is a Defi competition where different families come together and vote for the best projects for treasury allocation.
Why is it called NostraCity?
The idea is to create a gamefied experience so that people will feel like they are in a city controlled by the mafia.
What Makes NostraCity Unique?
We’re building a city in which you can come together with the community and choose the next investment for our treasury. Beyond that, we will be implementing various tools that are working in DeFi to attract more participants and more capital to the project, giving the token a value that can increase exponentially with time.
What can I benefit from joining NostraCity?
You will be able to join NostraCity first by buying NFTs that give you a right to receive our $BOSS token. Then by buying or bonding the $BOSS token. In a future season, you will be able to use those tokens to create yield-bearing “nodes.”
What will be the name of the token?
$BOSS, it was suggested and voted by the community. But it won’t be released until the end of Season 1.
Is NostraCity a DAO? Who runs it?
NostraCity is being built to be soon run by the community with the help of the consiglieri. Until we reach a satisfactory level of maturity within the community, the project will be lead by the core team.
Where Do I Go If I Need Help?
Please, join our Discord server where the team or the community will be able to assist you closely. Also, you can open a support ticket in the 🆘┃help-line channel.
LAUNCH - SEASON 1
How many people are planned to get whitelisted?
Max 180, probably a lot fewer. So far we have almost 100. It ended on March 18th.
How can I get Whitelisted?
By winning Quizzes, Meme contests, etc. you can get Tier 1.
Tier 2 was given to early members of our Discord channel (through a form). And through some contests and giveaways
Follow us on Twitter and Discord for more info on how to get the spots.
What’s the benefit of being whitelisted?
Whitelisted participants will get a discount when purchasing the NFTs. When a participant buys the discounted NFTs, the face value amount of the NFT (full price) will count towards the $BOSS token airdrop, not the discounted price paid.
*Whitelisted will be able to buy at any point, as long as there are NFTs left.
What will be the discounts for whitelisted?
Tier 1 = Will be able to buy up to $2000 worth of NFTs with 80% discount.
Tier 2 = Will be able to buy up to $2000 worth of NFTs with 60% discount.
What’s the benefit for non-whitelisted?
We’re planning to offer our Season One participants, once we launch our tokens, first-come benefits. Also, as you will get the tokens before launch, you will not have to fight with any whales in order to get the launch price. Most launches in DeFi end up with a boom and a crash and you will not need to fight robots and whales as the opening.
FAMILIES - PROJECTS
How can I vote for a project?
By buying NFTs that belong to the business associated with that project.
Can I be part of more than one family?
Yes, by buying NFTs in one family, you are part of it. By buying it from more than one, you can be part of more than one.
How can one be the Boss of a family?
The Boss rank will be a very special one. Bosses will only be earned, and not bought. The boss roles will be given to most useful participant of each family (on Discord). Usefulness will be measured in this order from strongest to least strong factor:
ideas / suggestions;
information;
participation;
friendliness.
How are the rewards going to be distributed?
You will be given instructions on how to claim your tokens, whether your NFTs are yielding 100% tokens or 120% tokens.
How will I know which is my family?
When you buy the NFT for voting in a specific project, the name of the family is listed inside the business where you're minting the NFT.
NFTs
How can I Buy an NFT?
When NostraCity is launched, you will be able to choose one project to support. Entering in the specific page for that project, you will have an option to support it and get the NFT.
Will the NFTs have artistic value from the start?
Only later in the competition.
The NFTs purchased at launch will have no artistic value, but it will serve as a vote for a specific project.
After the season ends, you will be able to claim your PFP (Profile Picture) with artistic value.
Can I Choose Which PFP character I Get?
Not from our dApp, for the PFPs NFTs will be generated randomly.
Will being part of the family running the business earn an income from the sales of the NFTs?
Only the winning family will take a part of the income from ALL families hence the competition.
For those who buy the NFTs from the business what can they do with those NFTs?
The NFTs will earn you the right to receive the amount you spent in $BOSS tokens. Example: if you buy 1k worth of NFTs, you will get 1k worth of $BOSS tokens once they’ve been launched. So you keep the NFT for free. We don’t recommend you sell it immediately though.
Token
How Do I Buy $BOSS token?
For now, you can’t. The tokens won’t be released until Season One finishes.
Will there be a finite supply of $BOSS tokens?
Maybe in the future. We'll release our $BOSS token only at the end of Season 1. After that, we'll have Season 2 with the Nodes, which will involve the tokens, so we can't estimate yet how much supply we will have initially.
Nodes
How Do I Buy nodes?
In a soon-to-be-launched season, you will be able to use those tokens to create yield-bearing “nodes.”
How much $BOSS will it take to create a yield-bearing “nodes” in the future?
We’re taking an evidence-based approach to setting our numbers. At the end of Season One, we will take a look at the invested amount by each wallet a draw a line somewhere between 60% and 80% and set the price at that. Meaning, if 80% of people bought $400 worth, we’ll likely make the nodes a 400-500 cost, so that there is buying pressure. Reason being: we are obsessed about long-term buying pressure and how to increase it.
Is the APR going to be less than 1% per day?
We’re trying to figure out an algorithm for this. Bottom line is, if the treasury is growing, we will be able to pay out more over time. We’re aiming for at least an average of 1% per day.
Development And Security
Is NostraCity a safe investment?
NostraCity is a game and not a security. You should never expect to profit from the efforts of others.
What security measures are being put in place?
The team will be doxxed (the founder Fabi Lara, Community manager Priscila Klopper and one of the Devs, Theophilo de Oliveira are already doxxed).
Our treasury will be guarded by a multi-sig
The code will be open for the community to inspect.
We will hire a third-party auditing firm to approve the protocol.
Because auditing is a slow and costly process, before launch, we will hire third-party developers to inspect the code. Their report will be published to the community without edits.
Who’s behind the project?
The Boss/Founder Fabiana Lara is a speculator and investor and is fully doxxed. Also, the other 3 members of the team will be doxxed in time.
What is the plan for the project’s sustainability?
Ah, great question. The sustainability comes from the fact we will have "DAAS nodes", which are not actual network nodes, but have a daily payout. That will be a lot more sustainable than other protocols because virtually all of them derive their value almost exclusively from a limited token pool. The value of our token will come from the fact that we are filling the treasury with stables + investments. It's like combining the best of the bonding mechanism from $OHM and the predictability from node protocols, and the success of the investments should play a big part in that.
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