Application part should be renamed to like "list my NFT project" or something to that effect.

Or "submit a project"

Also the application flow is wrong. It should explain to the user what this page does, what you need to apply and what happens after you click on that button.

Right now if you click on the button it just tells you not eligible, then it tells you to lock up 1 billion tokens, there is no explanation.

can explain to me? maybe we can write an article/tutorial/video on this.