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  1. Sail Protocol
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Lifecycle of a Ship

How do ships Build, Sail, and Dock?

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Last updated 1 year ago

Each Ship has four different states in its lifecycle:

  • Building - the state of a Ship right after deploy. During this Building state, Sailors can contribute ETH, and Captains can purchase NFTs.

    • Captains can only begin purchase NFTs once the ETH Minimum Threshold has been reached.

    • NFTs cannot be purchased after the Building state has ended.

  • Sailing - the state of a Ship after the Ship has "Set Sail". During this state, Captains can List NFTs for sale and Sailors can claim ETH after successful NFT sales.

    • The Captain can Set Sail to set the Ship into Sailing state anytime after the first NFT has been purchased

    • Sailors can Set Sail to set the Ship into Sailing state anytime after the Building period has ended && the Ship has purchased at least one NFT

  • Docked - once all of the NFTs purchased by the Ship are sold, the journey is considered complete and the Ship has DOCKED! Congrats to the Crew!

  • Ship Abandoned - if a Ship ends its fundraising and redistributes ETH prior to purchasing an NFT, it is considered Abandoned.

    • The Captain can Abandon Ship anytime before the first NFT is purchased

    • Sailors can Abandon Ship anytime after the Ship Building Period has ended && the Ship has no NFTs purchased

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