VeeFriends

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VeeFriends

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15 hours ago

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VeeFriends is thrilled to deep-dive into Phase 2 in the Snoop Dogg x VeeFriends Collaboration “Burn to Compete & Ape In.” Phase 2 is set to celebrate the collaboration between GaryVee and Snoop Dogg as well as Snoop’s passion for Web3, specifically his iconic Bored Ape known as Dr. Bombay.

As part of Phase 2 of the “Please Take a Step Back” collaboration, we’re inviting you to participate in a trivia game between May 31st to June 5th that gives you a chance to win a range of exciting prizes, including a Bored Ape, Mutant Ape, Koda for Otherside, Bored Kennel, and $APE. The trivia topics will cover everything from VeeFriends to Bored Ape Yacht Club, GaryVee, and Snoop Dogg.

To play, you’ll need to permanently burn one “Please Take a Step Back” NFT per attempt. There’s no limit on the number of tokens you can burn to play additional rounds, but please know you’ll need to burn 1 token per attempt. Each game consists of multiple-choice questions that are randomly generated, and each attempt’s final score will be calculated based on two key factors: Accuracy and Speed.

Below is a high-level preview of the details of Please Take a Step Back Phase 2 Activation. Explicit rules, terms, and details to follow before the launch of each phase which will officially govern the Contest.

Phase 2 | Burn to Compete & Ape In Details

TYPE: Contest — Trivia

REQUIREMENT: 1 x “Please Take a Step Back” NFT

BURN: 1 x “Please Take a Step Back” NFT

Duration: 5 Days

Contest Starts: Wednesday, 5/31 @ 4:20 PM ET

Contest Ends: Monday, 6/5 @ 4:20 PM ET

PRIZE:

1st Place: Bored Ape Yacht Club #1452 (Estimated Value: $125,000+)

2nd Place: Mutant Ape Yacht Club #12904 (Estimated Value: $20k+)

3rd Place: Koda Otherdeed for Otherside #28379 (Estimated Value: $20k)

4th Place: Bored Kennel Club #1452 (Estimated Value: $10k)

5th — 11th Place: 1,000 ApeCoin Each ($APE) (Estimated Value: $4k)

*estimated values based on floor price as of 4/28/23. All winners will be solely responsible for any applicable taxes.

Due to regulations, the below states and countries are ineligible to participate:

• U.S.: Vermont, Maryland, Arizona, Colorado, Nebraska, and North Dakota.
• Non-U.S.: Brazil, Greece, India, Hong Kong, China, Italy, Malaysia, Russia, Switzerland, and Quebec, Canada.

The trivia game comprises multiple-choice questions that are randomly selected and offer a maximum of 55 points. The speed and accuracy of your answers determine the points you will earn. The faster the correct response, the higher your score. At the end of the game, the top 11 verified highest scores will be announced as the winners. Each question is presented one at a time, with only one correct answer available for each. There is a large repository of questions that will be comprised of the 4 Trivia categories: VeeFriends, Bored Ape Yacht Club, Snoop Dogg, GaryVee.

To allow participants to evaluate their internet connection speed, VeeFriends is working on providing a “Trivia Sample’’ so users can know if their network latency will play a factor. We are also exploring solutions to minimize latency on the backend to enhance the experience. We will post a recommended minimum upload and download speed before Phase 2 to ensure a smooth experience.

What is Bored Ape Yacht Club (BAYC)?

Bored Ape Yacht Club (BAYC) is a collection of 10,000 unique NFT apes that exist exclusively on the Ethereum blockchain. The project was launched in April 2021, and since then, it has become one of the most popular NFT projects. Each Bored Ape NFT is unique and comes with its own attributes, such as clothes, accessories, and backgrounds, making it a one-of-a-kind collectible. The project’s popularity can be attributed to its strong community, high-quality art, and the scarcity of the NFTs.

The BAYC has attracted a significant following from celebrities, including Snoop Dogg! The project has also been featured in various mainstream media outlets, including The New York Times and Forbes. The BAYC collection and other items in the Yuga ecosystem have seen high-profile sales, with certain items fetching above 6 figures.

What is Burn Island?

Burn Island is a platform that lets VeeFriends holders turn their NFTs into possible physical or virtual prizes using deflationary technology. Each “Eruption” offers unique rewards and NFT burn requirements, unlocking endless possibilities for holders. Learn more about Burn Island in our featured blog post HERE!

REMINDERS on Burning Process

As part of mainnet transactions, you can expect two transactions with gas (check gas in real-time) associated with burning for this burn.

Step 1 — Set Approval For All: A one-time transaction for approval and the burning transaction. Set Approval For All is required to grant approval for a smart contract to transfer multiple tokens on behalf of the user without requiring separate approvals for each token transfer.

Step 2 — BURN Your NFT: After you complete the Set Approval For All transaction, you can burn your NFT(s). Transactions on mainnet can take longer to complete than Layer 2 IMX. Typically the transaction can take 30 seconds to 2 minutes if your gas is set to the recommended amount (The preset amount has over a 90% chance of being in the next block). If you slow down your gas, it may take over 15 minutes.

FAQ

When will Phase 2 Begin?

A: Phase 2 will begin after VeeCon on May 31st through June 5th, 2023.

When will the winner be announced?

A: After verification of results, the winners will be contacted by our third-party administrator, DJA.

Will all scores be publicly shown?

A: Yes, all scores will be publicly shown on the leaderboard.

Can I enter this contest more than once?

A: Participants can submit multiple entries by burning additional “Please Take a Step Back” tokens. Each burn will trigger a new round of trivia.

Will my tokens still be burned if I don’t win the contest?

A: Yes, the entry tokens will be burned. They will not be returned.

Who is eligible for this burn?

• To participate, the user must be legally 18 or older
• To enter the contest, users must own min (1) “Please Take a Step Back” NFT

Due to regulations, the below states and countries are ineligible to participate:

• U.S.: Vermont, Maryland, Arizona, Colorado, Nebraska, and North Dakota.
• Non-U.S.: Brazil, Greece, India, Hong Kong, China, Italy, Malaysia, Russia, Switzerland, and Quebec, Canada.

How will I know my entry is confirmed?

A: You will receive a confirmation email once your entry has been received.

Q: Can newly created VeeFriends accounts participate?

A: Yes, if you are new to the VeeFriends ecosystem. You must create a VeeFriends.com account to participate in the eruption. (only use official links)

Q: If I Win, do I need to submit any paperwork to receive the prize?

A: You must submit any paperwork VeeFriends’ third-party administrator, DJA requests to comply with the legal requirements of entering and winning the contest. US Residents must submit a W9 Form and complete, sign, notarize, and mail in an Affidavit & Release form to our New York Office. Non-US Residents must submit a W8-BEN Form (and any other paperwork necessary in the relevant jurisdiction) and complete, sign, notarize, and mail an Affidavit & Release form to our New York Office.

Q: Will there be a mail-in component for this Eruption?

A: No, this eruption is a Contest. As such, mail-ins are not eligible entries.

Q: Will there be one correct answer? Or will there be a “best answer”?

A: There will be only one correct answer for each question.

Q: Can I close the browser window of the trivia and come back?

A: Please ensure you are equipped to complete the Trivia round without interruption, as closing the browser is considered losing your active trivia contest session.

Q: Can an individual win more than one prize?

A: Yes, the top 11 verified highest scores will be announced as the winners. Each score corresponds to a verified burn, so that individual must burn multiple tokens.

Q: What measures is VeeFriends taking to address latency?

A: Latency can be a common issue in online competitions where speed is a key factor for scoring. We understand that latency can occur due to various reasons, such as network connectivity, the processing power of your device, and the distance between your device and the game server. To minimize latency and ensure a smooth experience for all participants, we recommend having a stable and fast internet connection and avoiding network congestion. To allow participants to evaluate their internet connection speed, VeeFriends is working on providing a “Trivia Sample’’ so users can know if their network latency may play a factor. We are also exploring solutions to minimize latency on the backend to enhance the experience. We will post a recommended minimum upload and download speed before Phase 2 to ensure a smooth experience.