First rug in Crypto was buying $2,500 of Doge coin at $0.0048 and tried to cashed out at $0.06 but cryptocom didn’t let me and closed my account with no reason other than they didn’t want to pay me. Look for yourselves and stay out of cryptocom
still see some misunderstandings about the digital <> physical nature of mudwater.
every digital pack is backed by a physical pack.
every digital case is backed by a physical case.
every rip is paired to a sequential physical rip, handled by professionals in a secure room within a warehouse. Filmed, hashed, published onchain, and metadata is applied to your card at rip time.
the fee for ripping is largely in place to cover the cost of the above labor. There's also Solana rent and metaplex fees x10 (once for each card) that's all paid by our relayer.
Today Yuga Labs launches Mudwater, Physical BAYC trading cards with onchain twins. Every digital item is a Solana NFT backed by a real sealed pack in a vault.
1/🧵
all bayc & mayc have been airdropped a token that allows holders to claim an allocation of Mudwater
there's been a lot of talk about alignment between projects and collectors
we want to experiment with a new model:
trading on this collection implements a 2.5% $APE Reflection, which is a trading fee used to buy apecoin and distribute to pack holders
hold more packs get more apecoin
the reflection and the creator royalty % are the same
so we're 50/50 with holders
let's build this together