On Christmas morning The Plague NFT gave to me....
Equity (shares) in their company!
Yes, you read that right. Real shares, in our company.
Every Frog NFT holder as of 10 minutes ago will be allocated a percentage of shares based on the number of unlisted frogs they are holding.
There will be multipliers to that percentage based on the following (and more):
✅Snapshots that have been taken since 2022
✅My special allocation to Frogs that have gone above and beyond for The Plague
✅Team Member allocation
✅PFP usage
You do not have to do anything to receive these shares. Just hold your frog until they are vested. We will have a staking mechanism to lock in the vesting period and assign shares. That will come later.
For now we are in the process of changing from an LLC to a C-Corp and organizing everything to execute this process.
I am still retaining the majority of the company myself as to not risk execution of our mission. Additionally there is no guarantee that future distributions like this will happen again.
This was a gift.
Why? How? What percentage? What is the company valuation? How long is the vesting period?
I will answer those questions later. For now I am going to go enjoy Christmas.... and you should too!
P.S. Yes it is legal. I did not sell them. You had no expectation of receiving them when you bought your frog.
They are a gift.
P.S.S. I consulted with multiple lawyers on the subject.
PG was researched and designed to solve the fundamental misalignment between users, builders, and governance.
PG can be implemented on any L2 blockchain that has a native governance token and a sequencing system.
Read the full research paper here: https://t.co/0hUB7i3yGr
As promised, giving away this NFT from @SteadyStackNFT (floor currently .22).
Rules:
✅ Follow @Making_Coffee_ and @WenSwap_io
✅ Like, Comment, and share this post
I will give it away on Wed!
Hey you 🫵🏼
I'm pretty sure you were on Twitter all day but in case you weren't and want to catch up with today’s CT highlights in a minute, I gotchu 🥹♥️
A thread🧵👇(01/08/23)
🎄NFT Giveaway!
On the 5th day of Christmas The Plague NFT gave to me....
A free Frog NFT!
Picking 5 winners tomorrow AM
✅ Tag your friends and tell them to be ready for tomorrow's announcement
✅ Like and RT this post
✅ Follow @Making_Coffee_ & @ThePlagueNFT
✅ Turn on the audio and listen to our guy @FeliqMusic
Monday through Christmas morning will be a lot of fun!
On the 2nd Day of Christmas The Plague NFT gave to me....
Free Beer from @SwampWaterBrand , another @TheFrogTank project.
Rules in thread below.
But RT and Like this one before moving on.
FIRST, listen to our man @FeliqMusic in the video below.
Blockchain won’t die.
Web3.0 won’t die.
Crypto won’t die.
But, will NFTs with no utilities fade away?
And perhaps including ones with utilities as well, if they relied on creator fees and just adding collections?
Tough to see what we had in 2021 and early 2022 come back again.
@ohDotss Proud of being a kaiju, proud of your accomplishments. It’s inspiring - every time I disappear and come back to web3.0, you’re there with the same passion and same work ethics.
#KingsOnTop always