DeFi Frens — Public mint and what’s next.
First off, we would like to thank you all so much for believing in us. The support from everyone has been truly overwhelming with our OpenSea listed amount sitting around 3–5% (54 as of right now) which is crazy!
This article is to give you all an update on our next steps. We understand time is of the essence and are doing everything we can to find the most optimal solution for the future of this project and for all of our holders.
What’s the next step?
The public sale will remain paused until we are ready to reveal. We are expecting to be ready in the next 4–7 days, due mainly to render time and quality checks (as we are rendering a greater amount than needed for the collection to ensure the highest quality of art).
We understand this time period can seem a little long to the public so for transparency sake here is the breakdown:
-Part of our tech and art team aren’t available on weekends unfortunately, thus slowing us down.
-Rendering with over 15 machines has a lot of room for technical problems, which we are accounting for in our timeline.
-We want to ensure quality, which means multiple checks.
-Our 1/1s are COMPLETELY unique-model, texture and animation wise, which requires more time (some take over 5 hours to render alone).
Details for current holders
A snapshot of all current holders will be taken on Sunday, June 19, 2022 11:00 PM EST (this includes if you minted or if you bought from secondary). A second snapshot of these token holders will be taken 48 hours after the public sale ends.
Before the public sale resumes, 1,000 DeFi Frens will be minted to a project wallet. After the second snapshot is taken, we will begin distributing them to qualifying holders of the first 1,000 DeFi Frens minted. To clarify, the distribution of these 1,000 DeFi Frens will occur after our public sale concludes.
For every DeFi Fren you hold during the first and second snapshot, you will receive another one. For example: if you hold 3 of the first 1,000 and it remained in your wallet for both snapshots, you will receive 3 more. If you hold 3 and sell 1 between the first and second snapshot, you will receive 2 instead of 3. If you buy 1 (or more) from secondary between snapshots, you will not receive anything extra.
Details for public mint
As mentioned above, the public mint will resume once our reveal of the initial 1,000 DeFi Frens minted goes live. The exact date will be announced in advance.
There will be a total supply of 3,551 DeFi Frens up for sale at 0.077 ETH with a maximum of 5 mints per transaction during our public sale. DeFi Frens minted during the public sale will NOT be instantly revealed — a second reveal will happen once the collection is sold out or when we decide to close mint. This is to prevent any sort of metadata sniping.
This decision was made alongside our beloved community and holders-as always, we are looking to keep a tight feedback loop and encourage discussion.
