Cryptopunk and Bored Ape Yacht Club (BAYC) are words we often hear associated with six or more figure digits or we read them online about how another celebrity has recently joined the club and purchased these NFTs. Most of us can only dream of owning these NFT’s, joining either of the yacht clubs, and experiencing the exclusive utilities they have to offer. But within the steppes of Mongolia where no tropical forests exist, where we thought no ape was able to inhabit. We discover an OG (Bored) Ape surrounded by a pack of wolves. To one lone wolf, this is an impossible feat, but to a pack, this is more than achievable. In fact, this ape was captured in 3 hours to be exact. The pack was not done with capturing just one ape, they had their minds set on bigger and better things for their community…
On March 16th, 2022, Mongol NFT announced Spring Feast 2.0. Further emphasizing the stronger as a pack mentality the pack has aimed for bigger feasts. During Spring Feast 1.0 the wolves of crypto street (TWCS) were able to successfully purchase an OG (Bored) Ape. This Ape was purchased for 89 ETH or at the time $233,000 USD. Since purchasing the ape the floor price has increased by 4.34%.
This time round the Mongol NFT team presents three brand new opportunities for TWCS to feast on. The menu includes the world’s most expensive collectible CryptoPunks, Mutant Ape Yacht Club (MAYC), and a community based opportunity to buy MNFT (utility token) using DAO governance.
The CryptoPunks NFT Collectibles created in 2017, is one of the very first NFT projects in the world. Created on the Ethereum blockchain by Larva Labs the collectibles consist of 10,000 unique digital pixelated arts. The CryptoPunks is known to have sold the most expensive NFTs in the world and recently broke their own record when a CryptoPunk was sold for $23 million this February. Celebrities such as Jay-Z, Snoop Dogg, Jason Derulo and Steve Aoki have purchased cryptopunks which has played a huge role in the value of these NFT’s increasing and gaining more hype. The latest hype surrounding this company is the acquisition of the intellectual property of Cryptopunks and Meebits collections by Yuga Labs, the creators of BAYC.
The Mutant Ape Yacht Club (MAYC) NFT collectibles were created to not only give their current BAYC members another new NFT but to give those who did not have an initial chance to buy an OG (Bored) Ape another opportunity to join the club. The mutant apes were created by exposing 20,000 apes to a serum and mutating them. There are 11,900 people currently owning a MAYC, with the current floor price (at today’s rate) being 18.75 ETH or $47,500.
The third opportunity is a community DAO-based MNFT (token) purchase. This opportunity was proposed by our community to pool money (MNT) and buy MNFT. This will not only help the current rate of the token but also reduce the supply of the token on the market by twofold. To increase the profits of this opportunity, once TWCS have pooled a total of 1 billion MNT, Mongol NFT themselves will match the 1 billion MNT, and with the joint 2 billion MNT buy tokens (MNFT) off the market. Once the Spring Feast is over Mongol NFT will take back the 1 billion MNT they initially invested, and the profits from this feast will be distributed according to the percentage of individual initial entry.
The return on investment will be provided in the same way for Cryptopunks and Mutant Ape Yacht Club collectibles as they did for BAYC during the spring feast 1.0. As the value and average price of collectibles increases, ETH prices increase, the dollar grows stronger against the MNT will all reap profits. Using DAO governance the wolves who have participated in the feast will vote to sell their Collectibles and share the profits if they exceed 51% of the herd’s votes.
In terms of MNFT:
- Benefit from the increase in the market price of MNFT coin;
- Mongol NFT to “match” 1 billion MNT;
- TWCS not the company will reap the benefits
Unlike spring feast 1.0 the voting process will be held every day. Once the spring feast is over and the selling process of the coin begins, you will sell it in part, not all at once, by making a “limit order”. In order to prevent the risk of a fall in the exchange rate, a professional crypto team will place three types of orders above and below the market price, as well as at market prices.
In the recent months, all efforts to increase the utility and exchange rate of the MNFT have been made to expand the community, as well as to increase the demand of tokens by reducing the number of tokens supplied to the market.