Charged Particles

About Charged Particles

{"time":1704989245000,"blocks":[{"data":{"level":6,"text":"Highlights"},"type":"header"},{"data":{"items":["Charged Particles transform your NFTs into a basket which enables you to hold tokens that can be DeFi interest-bearing tokens or other NFTs.","Each of these assets Is fully programmable, configurable, and flexible.","The Charged Particles Protocol allows users to deposit any ERC token into any NFT."],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Product"},"type":"header"},{"data":{"level":1,"text":"Charged Particles is a protocol that allows any user to deposit ERC-20, ERC-721, and ERC-1155 tokens into an NFT."},"type":"header"},{"type":"paragraph","data":{"text":"A scarce NFT can now be transformed into a basket that holds a number of other tokens. Any ERC-20 token can be deposited for yield. Additionally, Aave’s aTokens are the primary interest-bearing asset that is available in the Charged Particles Protocol."}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/5onkrml65a8emb64a6oceud884p6","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/5onkrml65a8emb64a6oceud884p6"}}},{"data":{"level":6,"text":"Problem"},"type":"header"},{"data":{"level":1,"text":"The functionalities behind NFTs are fairly limited, and Charged Particles are developed to unlock any new abilities that can be implemented within these NFTs."},"type":"header"},{"type":"paragraph","data":{"text":"##Solution"}},{"data":{"level":1,"text":"Charged Particles introduces NFT and Token Agnostic programmable assets. Users can easily customize the configurations of their NFTs."},"type":"header"},{"type":"paragraph","data":{"text":"This includes time-locks, charge, discharge, and mass.\r\nAssets deposited into an NFT are unable to be withdrawn until a certain time with time-locks. If you deposit an asset that’s supported as an Aave aToken, it can be instantly swapped. Discharge removes accrued interest configurations, and mass is the principal removal of configurations."}},{"data":{"level":6,"text":"Business Model"},"type":"header"},{"data":{"level":1,"text":"The business model of Charged Particles is that they can charge a fee on all deposits through the protocol."},"type":"header"},{"type":"paragraph","data":{"text":"If you Energize a Particle and add $1000, that can generate $5 in returns for the Charged Particles Protocol. All NFTs in existence can use the protocol to deposit assets repeatedly and generate interest."}},{"data":{"level":6,"text":"Market"},"type":"header"},{"data":{"level":1,"text":"There are currently not that many competitors that add this kind of functionality to NFTs."},"type":"header"},{"type":"paragraph","data":{"text":"The main advantage of Charged Particles is that they allow for scarce NFTs to be transformed into a basket holding a number of other tokens."}},{"data":{"level":6,"text":"Investors"},"type":"header"},{"data":{"level":1,"text":"We raised $750K from Angel investors and $1M in the Seed round."},"type":"header"},{"type":"paragraph","data":{"text":"The main angel investors are Leighton Cusak (PoolTogether), Stani Kulechov (Aave), Liz Rabban (Ex-Celsius Network founding team), Matt (Nifty Gateway), and Tyler Ward (BarnBridge), while the seed investors are DAOMaker, HashKey, Au21, Jordan \u0026 Kain from Synthetix, GMoney as well as additional investments from many of the investors from our pre-seed round: The LAO, ParaFi, CoinGecko, LongHash, MoonWhale, D64, Fourth Revolution Capital and Nalu Fund."}},{"type":"image","data":{"caption":null,"stretched":false,"url":"https://assets.polkastarter.com/nnc5xfxo928bxinnrkls9pzn22ax","withBackground":false,"withBorder":false,"file":{"url":"https://assets.polkastarter.com/nnc5xfxo928bxinnrkls9pzn22ax"}}},{"data":{"level":6,"text":"Team"},"type":"header"},{"data":{"items":["Rob Secord (Founder and Technical Lead)","Ben Lakoff (CFA and Co-Founder and Business Lead)"],"style":"unordered"},"type":"list"},{"data":{"level":6,"text":"Token Utility"},"type":"header"},{"data":{"level":1,"text":"Charged Particles uses a native governance token known as $IONX."},"type":"header"},{"type":"paragraph","data":{"text":"Any changes to the protocols are proposed and voted on by the $IONX token holders. The proposals can include adjustments to the contract configuration values, adjustments to the protocol fee, the implementation of scaling solutions, and more."}}],"version":"2.27.2"}