@PixelDaddy_@RareFriendsNFT Im pretty sure its related to converting the genesis into tokens.. added millions more tokens to circulation? Dont really have proper proof except the "vault qty increased"
Hmm, i realised this.. asked the question and went to sleep... it appears ~100 genesis got burnt for tokens and dumped.. i guess it gives cheaper entry for new people, prob bad move but might ride it out for a bit.. token down alot and i put 4 eth into auction -_-".. double down?
@poopie Love the project, excited.. but i do wonder.. if lp is ~1.8mil (900k in eth and ~64mil tokens) and people who bought genesis want to burn for tokens... 64mil tokens circulating is enough for 640 genesis burns.. which could crash price if even 10% get burnt... any way to mitigate?
@poopie Love the project, excited.. but i do wonder.. if lp is ~1.8mil (900k in eth and ~64mil tokens) and people who bought genesis want to burn for tokens... 64mil tokens circulating is enough for 640 genesis burns.. which could crash price if even 10% get burnt... any way to mitigate?
That was fast!
$RAREFRIEND AUCTION OFFICIALLY CONCLUDES AT $14.35M FDV
The 24-hour Continuous Clearing Auction (CCA) has officially concluded
After absorbing heavy bidding waves and blowing past initial sub-$2M opening targets, the final clearing valuation settled at $14.35M Fully Diluted Valuation (FDV).
With 100% of the token supply hard-capped and strictly tethered to the 1,024 Genesis NFTs, this final clearing price permanently sets the economic baseline for the entire ecosystem.
Here is the final math breakdown and what it means for tokens, NFTs, and liquidity.
π 1 βͺοΈ The Final Settlement Math
Because total token supply is hard-capped at 1,024,000,000 $RAREFRIEND (1,024 Genesis Γ 1,000,000 tokens), the closing numbers are locked:
β’ Final Clearing Token Price: $0.01401 (approx. 1.4 cents per token)
β’ Gross Genesis Token Value: $14,013.67 (1,000,000 tokens)
β’ Net Liquid Burn Floor: $12,612.30 (900,000 net tokens after the 100k conversion fee)
β’ Yield Activation Cost: $1,401.37 (100,000 tokens to turn on 2.00x fee share)
π 2 βͺοΈ Genesis NFTs Now Have a $12,600+ Arbitrage Safety Net
At a clearing price of 1.4 cents, an unactivated Genesis NFT is backed by $12,612 in liquid token value.
The NFT floor price is no longer running on speculation, it is now anchored directly to seven figures of committed auction capital.
π 3 βͺοΈ The $900K Day-1 Liquidity Moat
Every drop of Ethereum committed during the auction was earmarked for market making:
β’ Cleared Supply: 6.25% of total supply (64,000,000 tokens)
β’ Pool Capital: ~$896,875 total value deployed directly into the WETH/RF liquidity pair
β’ Zero Team Cut: 100% of auction proceeds are locked into liquidity
This creates immediate depth from block one, drastically reducing slippage and ensuring early sellers don't immediately tank the chart.
π 4 βͺοΈ The Activation Filter: Paper Hands vs. Yield Whales
At the starting $1M floor, turning on 2.00x protocol yield cost under $100. At a $14.35M settlement, that activation fee now sits at ~$1,401.
β’ Every time a holder chooses liquidation, a Genesis NFT is burned forever.
β’ The remaining holders who pay to activate now split 100% of protocol fees across a drastically reduced supply of surviving NFTs.
The Standoff Begins
The auction phase is over. The claim window and AMM liquidity deployment are next in line!
$RAREFRIENDS genesis floor at ~$5.3k...
Genesis can be traded for 900k RF tokens.. worth ~$12.5k
Worth doing some research, thats crazy arbitage to miss.
I'm back to 3, and will be looking to buy 1 more soon!
If you havent done any research, start here
https://t.co/YtHiAPzcNG
In case anyone missed this.
Temporary / inactive Friends = still portrait.
Activated Friends = animated isometric world.
Characters, scenery & SVG animations are all generated fully onchain.
Active vs. Inactive.
Simple. Pretty damn cool. And easy to distinguish.
This is the price you should be selling your RARE FRIENDS for
5.655e
That's 13.5k$.
The people who have it listed for 10k$ are gonna regret it really soon
@RareFriendsNFT@poopie
So obviously a lot of the @RareFriendsNFT discussion is around the value of the Genesis NFT's if you turn them into the reserve and claim the 1M $RAREFRIENDS tokens . But what if you activate to receive yield?
Here's a table of payout per 24h volume based on number of genesis activated. Note that this only accounts for genesis in the yield pool, not other gen's, so these numbers will be inflated.