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Building Up Web3 Vocab
Find a concept confusing? See if we’ve defined it below.
All-in-one command center for smart contract building and management, powered by the Decent Protocol
Think of a base contract as a canvas. On its own, it can exist and serve a certain purpose, but with a little paint and creativity it is transformed into something much more interesting and valuable. Our contracts tagged “base” are just the foundation for your goals.
A wrapper is a contract that can be added to any new OR already existing NFT collection. It “wraps” the collection with functionality without changing the internal smart contract code, similar to an addendum to a piece of writing.
Hybrid modules are multi-contract modules. They include stacked feature elements of both base and wrapper contracts.
Set of rules that allows data to be shared between individuals
Programs stored on the blockchain that start functioning when predetermined conditions are met
When something is “trustless” it means that the user does not have to rely on a third party to access their network
Building block or unit that can be combined with others to create a greater structure
When a product has “network effects” it means that the product gains additional value with more use
Composable means the way that a system deals with inter-relationships of components. A highly composable system provides components (or modules) that can be selected and assembled in various combinations to satisfy specific user requirements.
Fungible token standard.
Best in class NFT standard. Choose the number of assets you want in your collection and the price. Attach an image, song, or video. Set the supply to 1 for “1 of 1” releases.
Enable collectors to earn on their support by leasing NFTs for a fixed period of time. When one rents an NFT, an additional User role is added to the NFTs and granted to the renter for the specified period of time.
Crescendo is a dynamic pricing mechanism - meaning the price of the asset changes depending on the amount in circulation. There is an AMM built into the Crescendo mechanism as well that allows holders to sell their NFTs at any time (automated liquidity).
Add a shared treasury to any existing collection. Customize the time period that the vault is locked. Upon time period expiry, NFTs in the collection can trustlessly claim their share of the tokens in the treasury.
Launch a new NFT collection automatically backed by a time-bounded shared treasury. This is a multi-contract module, so set up is of an NFT release as well as a treasury at the same time.
To improve and incentivize post-mint engagement, enable your collectors to lock their NFTs to earn rewards. As the creator of the collection, choose the ERC-20 token that you want to emit to your holders over time, as well as the rate at which tokens are distributed.
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