By The BBNFT Boogers
On December 29th, THE BEAR AND BULL NFT (BBNFT) will be releasing a long-awaited PHASE 2 collection. The hand-drawn art is a hybrid rendition of a mixture of both bear and bull, with 30 different fur traits in total. There will be a total of 3333 three-dimensional NFTs in the collection.
There will be multiple avenues for people to participate in the mint, but with the high demand for the collection, you will most likely need a White List (WL) to be able to mint. Each WL wallet will be able to mint one NFT. Roughly 333 WL (subject to change) will be given out to partner communities with a 25% discount at a rate of $45 per NFT. If it makes it to the public, the mint price will be around $60.
Bear and Bull community members will have some unique opportunities to participate in the mint this round, with the biggest discounts available for BBNFT diamond hands in true Cryptoequip fashion. First and foremost, the original minters of the Alpha Pass who never sold their Bear will be rewarded with a free airdrop for their unwavering loyalty to the project. Cryptoequip has also given the entire BBNFT family an incredible opportunity to mint using the utility of both their Bear and Bull NFTs. The Bears yield Alpha Points (USDC) and the Bulls yield Bullets (wBTC) this month of December. (Please read the Booger article, “Evolution of Building a Diamond Hands Community,”)
Holders can apply their Alpha points and Bullets to receive Phase 2 NFTs airdropped to them. December’s Alpha points give you two Phase 2 mints, and Bullets give you one mint airdropped. If you apply your Alpha Points or Bullets, you get the allocated NFTs airdropped to you in place of receiving the yields, pay no gas, and can kick back and relax on the mint day without stress! Lastly, if you don’t have a Bear or Bull but do have another NFT from one of the other BBNFT collections (e.g., a Gateway Pass or one of the avatars), you can grab a WL and mint for $45 also. Wallet addresses are currently being collected in the Bear and Bull discord for a limited window of time.
REAKDOWN:
Public Non White List – $60
White List – $45
Alpha Pass – $30 mint or 2 airdropped using Alpha Points
Phase Blue – $30 mint or 1 airdropped using Bullets
HERE’S A QUICK EXPLANATION TO HELP YOU UNDERSTAND HOW THE MINT WORKS.
By opting to use your Alpha Points and/or Bullets for the minting process instead of converting them to cash, you not only secure a 50% discount on the public mint price but also eliminate the need to cover gas fees during the minting. This not only proves to be a more cost-effective approach but also results in time savings on the backend, while also serving as a tax offset.
Here’s a breakdown of the benefits: Each owned Bear entitles you to receive airdropped mints without incurring gas fees if you choose to apply your Alpha Points and/or Bullets to the minting process. For instance, if you own one Bear, you could either claim $60 USDC or use the same value to mint 2 Phase Two NFTs. Opting for the latter option would typically involve gas fees – for example, a recent estimation on Uniswap indicated a gas cost of $60, along with additional expenses for NFT-related transactions, amounting to over $20.
To put it simply: Claiming the Alpha Points rewards you with $60 USDC, while minting 2 Phase Two NFTs at a 50% discount results in a $60 cost. However, considering the gas fees, which could be $15 or more per NFT, the total expense for minting 2 Phase Two NFTs could easily reach around $80 to $90, assuming gas prices remain consistent.
When it comes to BULLET POINTS, if you apply your bullets to the mint, you’ll receive one Phase 2 airdropped to you upon minting. If you choose not to apply the points, you can still mint one Phase 2 for every Bull you hold at a 50% discount, but you’ll be subject to the prevailing gas prices at that time.
For instance, if you have 2 bears and 2 bulls, you can receive a total of 6 mints at a 50% discount. You have the flexibility to claim points on some, apply points on some, or apply points on all – the choice is yours. However, you must allocate all points to a single bear, meaning you can’t split USDT and opt for one NFT drop instead of two. To be more specific, for the chosen bear(s), you claim all points, not just half, and you’ll receive 2 Phase 2 NFTs during the minting process.