🧬Hybrid Drops Overview

Unlock a revolutionary way to launch your project by combining NFTs and tokens into a single, seamless drop.

Last updated: Jan 7, 2024

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Why Choose a Hybrid Drop?

🌍 Broader Audience Reach By offering both NFTs and tokens for your project, you attract collectors with different preferences, expanding your community and increasing your potential reach.

📈 Bonding Curve Pricing Our bonding curve lowers initial barrier to entry, rewarding early supporters, while scaling as the project grows.

🔄 Engagement Post-Mint User actions like swapping and re-rolling are available immediately, giving users more ways to continue to interact with your project after minting.

🚀 Sustainable Creator Compensation Customize your NFT secondary sale royalties, bonding curve pre-buy, and creator reward for graduation to find the compensation package that works for your project.

How It Works

Creator Requirements

• NFT images & metadata (2,500+ recommended)

• Token Ticker

• SOL for Candy Machine Rent (as low as ~0.1 SOL but depends on collection size)

Hybrid Drop Setup Details

Create drop-down with Hybrid Drop Option

Using our no code, self-service flow you will create your new collection, upload your NFT assets, and add a handful of hybrid specific parameters to set up your drop in minutes. More details available in our walkthrough below.

🧬Creating a Hybrid Drop

Once you set up the mint, Truffle's platform will do everything else required behind the scenes including:

• Creating your Core NFT collection
• Deploying your drop's Candy Machine

• Minting your SPL token with 1B total supply (200M reserved for liquidity pool seeding)

• Creating the bonding curve with 800M of your token's supply

• Setting up the swap escrow account for swaps and re-rolls

• Publishing your hybrid drop mint page

Hybrid Drops cannot be changed or deleted after creation, ensure your token details and creator reward are set correctly before you publish the drop!

Collector Experience

Users are given ultimate flexibility over how they choose to engage with your project. From launch, they can buy/sell tokens, mint NFTs, swap NFTs to tokens (and vice versa), and re-roll their NFTs for different NFTs in the swap escrow.

Once the bonding curve completes, the project page will automatically link to Jupiter and Tensor for secondary trading of the token and NFT collection with swap and re-roll actions continuing to be available on your mint page.

When a drop is close to graduation (e.g. xxxx-1/xxxx mints) there may be a scenario where the last purchase to graduate the project must be in tokens. This is because there may not be enough tokens left on the curve to allow an NFT to be minted (i.e. less than token per NFT swap rate)

Technical Details

• Assets created in the hybrid drop are Metaplex Core NFTs and SPL tokens that function identically to non-404 Core NFTs and SPL tokens (including native NFT royalty enforcement)

• Token supply is 1B with 800M available in the bonding curve and 200M reserved for seeding the liquidity pool

• Creators can purchase tokens or NFTs directly from the curve, similar to dev buys on other token launchpads

• Creators can set a bonding curve graduation reward in SOL which is paid out when the bonding curve migrates

• Once a project graduates, we seed the liquidity pool with 200M tokens and 100 SOL as an Orca Splash Pool.
• The fixed token to NFT swap rate is equal to 800M divided by the total NFT supply

  • For example, if you have a collection of 2,500 NFTs in your hybrid drop, the swap rate will always be 320k tokens per NFT

• The swap escrow account, which provides ongoing liquidity for swaps and re-rolls, is dynamically funded as follows:

  • When NFTs are minted, an equivalent amount of tokens are immediately added to the swap escrow for liquidity

  • When the bonding curve migrates, remaining NFTs are minted into the swap escrow

• Post migration, the swap escrow will always have a sufficient supply of tokens for users to swap from NFTs to tokens and should always have enough NFTs for users to swap to tokens