Showcase
About Showcase Event
Last updated
About Showcase Event
Last updated
Frequency: Monthly
Showcase is a monthly event within the Gethar: Meet & Earn ecosystem that allows users to display their virtual rooms, competing for the title of best designer. The event aims to increase community engagement, encourage creative approaches to room decoration using NFT decor, and strengthen the platform’s economy through voting and reward distribution. Users vote for the best rooms, and winners receive GTH tokens, unique NFTs, and additional privileges.
Event Stages:
Registration (1st–7th of the month): Any user with a decorated room can apply to participate via the Gethar app. Requirement: The room must feature at least one NFT decor item (of any rarity). Registration is free, but participants can submit a 50 GTH stake to increase their room’s visibility in the candidate list (the stake is refunded after the event if the room receives at least 10 votes).
Voting (8th–25th of the month): All platform users can vote for their favorite rooms. One user = one vote per month. To vote, users must hold at least 100 GTH in their wallet (not locked) — this confirms the participant’s activity in the ecosystem and prevents spam. Voting takes place through the app interface: users view rooms (via virtual tours or screenshots) and cast a vote for one of them.
Result Announcement (26th–28th of the month): Vote counting is automated by a smart contract on Stellar Soroban to ensure transparency. Winners are announced: Top 3 rooms (1st, 2nd, 3rd places) and the People’s Choice Award (an additional reward for a highly rated room that didn’t make the top three).
Awarding (1st of the following month): Rewards are automatically distributed to winners’ wallets via the smart contract.
Features:
Rooms are evaluated based on creativity, use of NFT decor, and thematic coherence.
Participants can promote their rooms in Gethar chats and social media to attract more votes.
Rewards include GTH tokens, exclusive NFTs, and bonuses to incentivize participation and reward efforts. The monthly prize pool is funded from the allocated "Tournaments and Rewards" pool (10% of the total emission, or 300 million GTH), considering long-term distribution.Prize Pool for One Showcase:
Total Volume: 500,000 GTH + unique NFTs + bonuses.
Source: 400,000 GTH from the "Tournaments and Rewards" pool + 100,000 GTH from collected stakes and burning.
Reward Distribution:
Waiting infographics
GTH Tokens: The main reward, directly increasing the winners' income.
NFT Decor:
"Trophy of the Month" — A unique legendary item (e.g., "Golden Showcase Cup March 2025"), issued as a single copy, increases the room mining limit by 100 GTH/week.
Epic and Rare Decor — Collectible items with APR bonuses (+30% and +20%, respectively).
Uncommon Decor — Cosmetic item with +5% APR.
APR Bonuses: Temporary boost to room profitability, motivating winners to attract more guests.
Chest for Participants: Everyone with 10+ votes receives a common chest (opening cost: 50 GTH, token burning included).
Funding Source:
400,000 GTH — A fixed amount from the "Tournaments and Rewards" pool (300 million GTH divided over 10 years, approximately 30 million GTH per year, or roughly 2.5 million GTH per month; Showcase takes a portion of this budget).
100,000 GTH — Additional tokens from burning and staking mechanics:
Stakes from participants (50 GTH each from those who didn’t reach 10 votes, burned and partially redirected to the pool).
20% of monthly room owner taxes are redistributed to the prize pool (the remaining 80% are burned or go to owners).
Distribution:
The Stellar Soroban smart contract automatically distributes tokens to winners’ wallets on the 1st of the following month.
NFTs are created and issued as native Stellar assets with unique metadata (e.g., "Showcase Winner #1 — March 2025").
Inflation Control:
10% of the prize pool (50,000 GTH) is burned monthly to offset reward emission.
Stakes and a portion of taxes also reduce the circulating supply.
Participation Requirement:
Holding 100 GTH in the wallet (not locked, checked at the time of voting).
Process:
Users access the "Showcase" section in the app, browse the list of rooms (with filters: style, decor rarity, popularity).
Votes are cast by clicking the "Vote" button — the transaction is recorded on Stellar with a minimal fee in XLM (~0.00001 XLM).
Transparency: All votes are recorded on the Stellar blockchain, and results can be verified via a public explorer.
Anti-Fraud: One vote per account/wallet; duplicate votes are rejected by the smart contract.
Scenario:
200 participants registered rooms, 100 submitted a stake (50 GTH × 100 = 5,000 GTH).
50 rooms received 10+ votes, 50 received less than 10 (2,500 GTH burned, 2,500 GTH added to the pool).
Monthly taxes generated 50,000 GTH, of which 20% (10,000 GTH) went to the Showcase pool.
Final Pool:
400,000 GTH (base) + 2,500 GTH (stakes) + 10,000 GTH (taxes) = 412,500 GTH.
After burning 10% (41,250 GTH), the remaining pool is 371,250 GTH + NFTs and bonuses.
Distribution:
1st Place: 250,000 GTH + Legendary NFT + 50% APR.
2nd Place: 100,000 GTH + Epic NFT + 25% APR.
3rd Place: 50,000 GTH + Rare NFT + 10% APR.
People’s Choice Award: 50,000 GTH + Uncommon NFT + event access.
Participants: 50 chests (opening cost offsets burning).
Creativity: Users are motivated to create unique rooms with rare NFT decor.
Economy: Demand for GTH increases (stakes, chest openings), and a portion of tokens is burned.
Community: Voting and room promotion enhance community interaction.
NFT Value: Exclusive rewards increase the market value of unique items.