IRONBALL Keys & xHONO: Our Thesis

IRONBALL Keys as a Mechanism for OTC xHONO Trading

One of the key reasons for introducing IRONBALL Keys is to facilitate over-the-counter (OTC) trading of xHONO on OpenSea. Our thesis is to leverage OpenSea as a marketplace where xHONO can be traded indirectly through IRONBALL Keys, providing a decentralized and transparent means of exchange.

Benefits of Using IRONBALL Keys for xHONO Trading:

• Improved Liquidity: By using NFTs as a medium for trading xHONO, users can buy and sell their tokens without the need for traditional liquidity pools.
• Decentralized OTC Market: OpenSea acts as a decentralized marketplace, reducing reliance on centralized exchanges while offering a safe and efficient OTC trading experience.
• Price Discovery Mechanism: The trading of IRONBALL Keys establishes a market-driven valuation for xHONO, benefiting both buyers and sellers.
• Reduced Slippage: Compared to AMM-based exchanges, OTC trades on OpenSea help avoid price slippage, enabling more stable trading conditions.
• Expanded Utility for xHONO: Instead of being confined to staking or governance, xHONO can be actively traded in NFT form, enhancing its real-world utility.

What is IRONBALL.xyz?

Support Creators and Causes, Risk-Free

IRONBALL.xyz is a refundable NFT minting platform designed to empower creators and causes by providing sustainable funding through refundable NFTs. Supporters can back their favorite creators while maintaining the flexibility to reclaim their contributions, ensuring a risk-free way to support meaningful projects.

The platform leverages Lido Finance's yield on stETH to generate income for NFT collections, ensuring creators receive consistent funding without putting supporters at financial risk.

How to Mint IRONBALL Keys

IRONBALL Keys can only be minted using xHONO. Each key costs 50 xHONO to mint, with the color and type assigned randomly. The probability of receiving each key type is as follows:

• Diamond Key: 2.5% chance
• Gold Key: 7.5% chance
• Silver Key: 15% chance
• Bronze Key: 25% chance
• Iron Key: 50% chance

Exclusive Benefits for IRONBALL Key Holders

1. Priority Access to Launches

IRONBALL Key holders get early access to public launches, with minting available 60 minutes before the general public. During this exclusive window, holders can mint up to 5% of the collection's supply (limited to one mint per key), ensuring first access to every launch.

2. Flexible Refunds

IRONBALL Key holders can bypass standard lock periods and request refunds on any minted NFT at any time, providing unmatched flexibility. (Note: Bypassing lock periods is not available for IRONBALL Key NFTs or IRONBALL Lottery tickets.)

3. Reduced Fees for Creators

Creators who hold an IRONBALL Key benefit from a fivefold reduction in protocol fees. By upgrading their IRONBALL Key, creators can eliminate these fees entirely, optimizing their project investments on the platform.

4. Leaderboard Score Multiplier

IRONBALL Key holders gain a competitive advantage with a leaderboard score multiplier, boosting their ranking and visibility. Each key type offers a specific multiplier:

• Diamond Key: +4 multiplier
• Gold Key: +2 multiplier
• Silver Key: +1 multiplier
• Bronze Key: +0.5 multiplier
• Iron Key: +0.2 multiplier

Upgraded keys provide even higher multipliers, further enhancing the leaderboard position for committed participants:

• Diamond Key (upgraded): +8 multiplier
• Gold Key (upgraded): +4 multiplier
• Silver Key (upgraded): +2 multiplier
• Bronze Key (upgraded): +1 multiplier
• Iron Key (upgraded): +0.4 multiplier

IRONBALL Keys and the Leaderboard System

IRONBALL Keys are primarily used for participating in the leaderboard for future airdrops. The more engaged a holder is, the greater their chances of receiving rewards in future distributions.

IRONBALL Keys Trading on OpenSea

Now you can mint IRONBALL Keys NFTs using 50 xHONO per key and trade them on OpenSea!

To create a baseline market, we used funds from the Inuko project to trade some keys at preset multipliers based on the minting cost. For example,

• Diamond Key: 10X
• Gold Key: 5X
• Silver Key: 2.5X
• Bronze Key: 1.25X
• Iron Key: 1X

(Calculations based on 1 xHONO = 1 HONO)

By holding an IRONBALL Key, users unlock a range of exclusive benefits that elevate their experience and enhance their influence across the platform.