🏗️The process

Rules and facts about our platform.

There are some rules that have to be followed...

When creating a derug request, investors have the opportunity to choose from all of the flagged collections. Once the first derug request is submitted and a vote is cast, a timer starts and lasts for three full days.

During this period, other investors can submit their own derug requests and suggest utilities to mitigate the damage done by the rug pull. All submitted derug requests appear on the collection page along with other useful information.

Deruggers patiently wait and attempt to gain as many votes as possible to ensure the success of their derug request. However, a minimum threshold must be met, which currently stands at 10 percent of the entire collection supply. This threshold ensures that users cannot make derug requests and vote with a small number of NFTs, thus taking control of the collection for themselves.

Our threshold ensures that the derugging process is fair and equitable, and that holders have confidence in the process. Our platform values the opinions of each investor and their contribution to the derugging process. To ensure that every voice is heard, we have set up a system where each NFT counts as one vote on our platform.

Once a derug request surpasses the 10% threshold of the total collection supply as votes, and it has the most votes out of all the requests, it can claim victory and initiate the reminting process.

Following the successful derug, the responsibility of reminting is passed onto the NFT holders. By visiting our website's collection page, NFT holders can burn their old NFT in exchange for a new one, with the new collection authority and creator.