Spencer and Orange Cap Games acquired Moonbirds in June, just seven months ago.
Tomorrow they are dropping their token.
That's fast.
A LOT of NFT projects and protocols promised ecosystem tokens 5+ years ago at this point, and still to this day many of those projects don't have a TGE imminent (though many have points programs). Some protocols have rugged their airdrop promises entirely and have proceeded to ICO.
Many tier 1 NFT projects like Azuki and Doodles launched tokens last year, and from what I can tell on the tl, those holders don't seem to identify with the ecosytem token. Most only care about the NFT, despite the team making $0 from the NFTs.
If you want success, you gotta have alignment.
Birb is airdropping some of the token day 1 to NFT holders, and then is making them vest for the rest monthly over 24 months.
It's a bold, risky strategy to make NFT holders vest because many NFT holders would rather see an airdrop as a cash-in moment, sell, and move on. There will certainly be some of that.
But I don't blame Spencer for trying to create a situation that aligns NFT holders with the token for longer than it takes to sell.
Spencer is in the top 5 smartest people I've ever met in crypto, and he's an absolute dog. He was always going to take a wild swing. Looking forward to seeing how the TGE plays out, not just tomorrow but over the months to come.
Introducing Bored Ape Studios, a joint venture between @YugaLabs and @machibigbrother’s Six Studios.
Our first project: Bored Ape Yacht Club, the animated series.
From the swamp to the screen. 🦍 🎬
@martypartymusic Hi @martypartymusic, lately on the dca show you said about 25% yield on btc-usdc pair. Can you tell us a bit more about it? Where do you do it and how it works. Thank you!