Little Dudes Genesis Minting Process
Introduction
Last updated
Introduction
Last updated
The XRP Dudes project aims to create a unique collection of NFTs, offering a blend of art and utility within the XRP ecosystem. This document outlines the minting process, the auction mechanism, and collaboration strategies for the initial batch deployment of the Little Dudes.
First Batch Deployment
The initial deployment will consist of 25 Little Dudes. The process is designed to create excitement and engage the community through a combination of auctions and direct minting.
Auction Process for the First 10 Little Dudes
Initial Auction for Alex:
The first NFT, named Alex, will be auctioned.
The highest bidder will win the NFT and receive a full refund of the total amount paid for Alex.
Example: If Alex is auctioned for 150 XRP, the buyer will receive Alex and get back the 150 XRP.
Auctions for Little Dudes 2-10:
NFTs 2 to 10 will be auctioned.
The proceeds from these auctions will be distributed as follows:
10% will go to a charity wallet.
The remaining 90% will be split equally between the XRP Dudes wallet and the collaborating project.
Example: If the second Little Dude is auctioned for 200 XRP, 20 XRP will go to the charity wallet, the collaborating project receives 90 XRP, and XRP Dudes receives 90 XRP. The buyer receives the NFT.
Charity Contribution: ( Little Dudes 2-10 )
10% of every auction's proceeds will be directed to a charity wallet.
These funds will remain in escrow until either XRP reaches $10 or December 25th of this year, whichever comes first.
The accumulated funds will then be donated to Mental Health America (MHA) to support mental health initiatives.
MHA is a leading community-based nonprofit dedicated to promoting mental health, and they accept a wide range of cryptocurrencies for donations (Mental Health America).
Auction Window:
Each auction will have a 24-hour window, ensuring a transparent and time-bound bidding process.
The entire auction process for the first 10 Little Dudes will span 10 days.
Minting the Remaining 15 Little Dudes
After the auction of the first 10 Little Dudes, the remaining 15 will be minted at 80% of the average price of the first 10 auctioned Little Dudes. These will be released without any set dates or specific order.
Ongoing Minting Process
Every week, a max of 10 new Little Dudes will be made available for minting until a total of 111 Little Dudes is reached.
Collaboration Announcements
Each collaboration announcement will consist of three key components:
Collaboration Meme Art:
A unique meme art piece will be created and minted. This will be transferred to the collaborating project's wallet.
Giveaway:
An NFT from the collaborating project will be given away to promote community engagement.
Auction:
The auction itself, where a specific Little Dude NFT is auctioned to the highest bidder.
The NFT Ids platform will offer an unprecedented level of interaction for NFT holders. This platform will allow holders to:
Engage: Meet and converse with their NFTs.
This feature marks a significant innovation in the NFT space, providing a highly personalized and interactive experience.
Staking
Staking will be available from day 0 on the Opulence X platform, providing additional utility and engagement opportunities for NFT holders.
Conclusion
The XRP Dudes project aims to innovate within the NFT space by combining strategic auction mechanisms, collaboration, and staking from the outset. This approach ensures a fair and engaging process for all participants, fostering a strong community around the project.
