A: Understanding how to claim and receive your $STR rewards is crucial. This section will guide you through the process based on your role in the Setter ecosystem—whether you’re a Crate Holder, an App User, or a Testnet User. Please take note of the redemption windows specific to each group.
A: The $STR claim process begins on the following dates, depending on your role in the Setter ecosystem:
• Crate Holders: Starting on WED SEP 18th, 12 PM EST.
• Testnet Users: Starting on WED SEP 25th, 12 PM EST.
• App Users: Starting on WED OCT 2nd, 12 PM EST.
The claim window for all groups closes on SAT NOV 30th, 12 PM EST. Make sure to claim your $STR within this period!
A: The amount of $STR you’re eligible to claim depends on your role and participation in the Setter ecosystem:
• Uncommon: 20,000 $STR
• Rare: 40,000 $STR
• Epic: 80,000 $STR
• Legendary: 100,000 $STR
• Mythical: 150,000 $STR
Note: If you have a HODL bonus, you can also claim additional accrued points.
• Top 10 Point Totals: 150,000 $STR
• Top 25 Point Totals: 100,000 $STR
• Top 50 Point Totals: 80,000 $STR
• Top 100 Point Totals: 40,000 $STR
• All Other Testnet Users: 20,000 $STR
• Top 10 Point Totals: 150,000 $STR
• Top 25 Point Totals: 100,000 $STR
• Top 50 Point Totals: 80,000 $STR
• Top 100 Point Totals: 40,000 $STR
• All Other App Users: 20,000 $STR
A: You can only claim $STR on SEP 18th if you own a Setter Gen 1 or Gen 2 Crate. Did you miss out on the first round of mints, the app, or helping with Testnet but would like to get some $STR? Setter Gen 2 blind box crates will be available for purchase via mint at app.setter.co/mint for 0.03 ETH on Base until November 29th or while available. Don’t miss out on this opportunity to join the Setter ecosystem!
A: To redeem your Gen 1 or Gen 2 crate for $STR, follow these steps:
1. Visit the $STR Claim Page
Navigate to the $STR Claim page where you’ll see the NFTs (Gen 1 or Gen 2 crates) that are available for burning.
2. Select Crates to Burn
Identify the crates you want to burn. Each crate will show the amount of $STR you can claim. Click “Burn” to begin the process.
3. Burn the Crates
Once you’ve selected your crates, confirm the burn action. This will convert your crates into a claim for $STR.
4. Claim $STR
After burning, a claim for $STR will be added to your Claims list. Click “Claim” to start the redemption process.
5. Queued Status
After claiming, your request will enter the “Queued” status while it is being processed.
6. Transaction Complete
Once your transaction completes, you’ll receive a transaction hash along with a Basescan link to track your transaction on-chain. That’s it! You’ve successfully redeemed your Gen 1 or Gen 2 crate for $STR.
A: To transfer assets to your Setter Pass, follow these steps:
1. Ensure the asset you are sending is on the Base Network.
2. Send the asset to your Tokenbound Account (TBA) address linked to your Setter Pass.
3. You can view and manage your assets by selecting your pass from the Setter Pass page and navigating to the “Manage Your Tokenbound Account (TBA)” section under NFTs or Tokens.
A: To transfer assets from your Setter Pass, follow these steps:
1. Go to the Setter Pass page and select your pass.
2. In the “Manage Your Tokenbound Account (TBA)” section, find the asset you want to transfer.
3. Click the airplane icon (send icon) next to the asset.
4. If it’s your first time transferring, you’ll need to activate your account by signing a message and paying a small amount of Base ETH to cover deployment costs.
5. Enter the recipient’s address and the amount to transfer.
6. Sign the transaction and pay the required gas fee.
7. Once the transaction is complete, you can verify it on-chain.
A: Before you can use all the features your Setter Pass offers, you must first “Activate” it by deploying a smart contract. This can be done when you attempt to send an asset from your Setter Pass’s Tokenbound Account (TBA). Simply follow the on-screen prompts to sign the transaction and pay the required gas fee to complete activation.
A: To protect your Setter Pass, follow these steps:
1. Go to the Setter Pass page and select your pass from the “My Pass” list.
2. In the settings menu, click the “Activate” button to enable protection.
3. Sign the transaction and pay a minimal gas fee to confirm the protection
A: Protecting your Setter Pass ensures you don’t accidentally lose your pass and its contents. Since your Setter Pass only exists if your wallet holds 100,000 $STR, protection prevents you from making any transfers of $STR or the pass itself that would bring your balance below this threshold. This safeguard helps avoid unintended transactions that would dissolve your pass, allowing you to maintain ownership and continue using your Setter Pass without risk.
A: To lock your Setter Pass and prevent any asset transfers out of your Tokenbound Account (TBA), follow these steps:
1. Go to the Setter Pass page and select your pass from the “My Pass” list.
2. In the “Manage Your Tokenbound Account (TBA)” section, find the option to lock your pass.
3. Confirm the action, which will initiate a transaction on-chain.
4. Sign the transaction and pay the minimal gas fee to complete the process.
Note: Locking your Setter Pass places a time lock on it and cannot be reversed during the set period. Make sure you don’t lock it for longer than desired. If you’re trading or purchasing a Setter Pass, always check whether it’s locked and confirm the lock duration is acceptable before completing a sale or transfer.
A: Locking your Setter Pass ensures that no assets can be transferred out of your Tokenbound Account (TBA). This is useful if you want to secure your pass and its contents, preventing any accidental or unauthorized transfers of assets stored within the pass. It provides an extra layer of security, particularly if you’re holding valuable tokens or NFTs that you want to safeguard.
The $STR Token Claim is not available to residents, citizens, or companies incorporated in the United States of America, United Kingdom, Australia, and other restricted regions. Please ensure you are in compliance with local regulations before participating.
Before you can use all of the features your Setter Pass offers, you must first “Activate” it by deploying a smart contract. This can be done when you first try to send something from your Setter Pass’s TBA.
The DN-404 token can dynamically adjust its composition based on user actions. For example:
• If the DN-404 amount is less than $STR 100,000: It behaves like a fractional ERC-721, allowing users to trade partial ownership.
• If the DN-404 amount equals or exceeds $STR 100,000: The holder can receive full NFT benefits along with ERC-20 functionalities.
DN-404 extends the versatility of traditional tokens by enabling direct token transactions, fractional and full ownership, and cross-platform utility.
At the heart of the Setter ecosystem is the dual nature token pair of $STR (an ERC-20 token) and the Setter Pass NFT (an ERC-721 token). These co-joined fungible and non-fungible tokens serve as both rewards and access passes to the broader Setter network.
Locking your TBA blocks transfers of assets OUT of your Setter Pass.
The Mainnet is where the Setter protocol has been developed and deployed, where transactions are broadcasted, verified, and recorded after the Testnet phase.
If you hold more than one Setter Pass in the same wallet, you need to choose which pass you want to engage with frames in the Farcaster ecosystem. You can do this by setting your selected Setter Pass as “Primary.” It will interact with frames if “Primary” is set to “Yes,” and it will not interact with frames if “Primary” is set to “No.”
Protecting your Pass ensures that it can’t be burned if a transfer will bring your balance below 100,000 $STR.
The Setter Pass is part of a Dual Token that uses the DN-404 standard and is created when 100K $STR is present in one wallet address. It acts like a web3 passport, customizable with different skins and badges to show proof of humanity and can be used in various ways, such as a smart wallet, logging into web3 websites, creating collections, etc.
Testnets are alternative blockchain networks that mirror the consensus protocol on the main network (Mainnet). Testnets are useful for developers or people who want to experiment with transactions, smart contracts, or various operations in a test environment without risking loss of cryptocurrency.
As you engage across web3, you can earn digital assets like skins and badges that let you customize and upgrade your Setter Pass, enabling a new dimension in web3 social. These digital assets can be attached to your Setter Pass via a Tokenbound Account (TBA) or transferred independently. Your TBA functions like a wallet, enabling you to send and receive various types of digital assets, including ERC721s, ERC1155s, ERC20 tokens, and even ETH.
Moving an asset in or out of your TBA/Setter Pass.
