https://etherscan.io/tx/0x8ba0c6f628964595ede1c4700868b4427aebf66998999d491787936444dd8fac
gm or gn.
A few items to cover this evening:
- Pioneer NFT details
- Other NFTs mint price
- Xchange details
Pioneer NFT
The pioneer NFT art is nearing completion. We have way more extremely awesome art options than we have pioneer NFTs. So we have decided to implement the following:
- NFTs will be airdropped to eligible addresses. Once the airdrops have been completed and the community has validated that all eligible recipients have received an NFT, no more airdrops will be completed, and the airdrop capability will be permanently disabled.
- Each NFT will have a random set of seven art options. The owner of the NFT will be able to "lock in" one of the variants.
- After a period of one month, any art not locked in will be randomly selected for the owner and all NFT metadata will be finalized and uploaded to IPFS.
Pioneer NFTs are intended as a heartfelt thank you and another opportunity for upside exposure to the ecosystem. No royalties will be implemented on any NFT exchange. However, owners wishing to profit from their Pioneer NFT through resale will have to pay a one-time-fee per NFT (payable only once by the initial owner) to unlock transferability. This fee will be sent to the X7 Ecosystem Splitter for distribution throughout the ecosystem. The final fee has not been determined but it will reflect a small percentage of near term reward pool claims.
Because they are being airdropped, they are free to hold and will only incur gas costs for locking in an art varient (optional) and gas costs for claiming rewards.
Utility NFTs
The existing NFTs are clearly demonstrating their value to holders, and as the DEX and Lending Pool launch the value of all of them will be fully realized. Given the low price to high value that these NFTs are providing, once the DEX and Lending Pool launch we will make our first mint price increase.
Tentative new mint prices are:
* Ecosystem Maxi - 0.30 ETH
* Liquidity Maxi - 0.75 ETH
* DEX maxi - 1.50 ETH
* Borrowing maxi - 2.00 ETH
We will not have full decentralized governance in place by the time a mint price increase makes sense, but we will solicit input from the community prior to doing it to ensure it aligns with the communities understanding and vision for these NFT products. This will be another vital excercise in non-codified governance - a critical muscle to build.
