Final pot plan
About
To go with the theme of Hobos and $FOOD, we will use the term Cans(from food cans) for our final pot game
The final game will be based on tickets that will be called going forward "Cans" (from food cans), tickets that will be distributed at mint, at token presale and via other activities detailed in different sections below.
There will be a starting Cans supply of 30.000 and these are distributed as follows:
10.000 for NFTs, each NFT will get 1 Can allocated at mint
10.000 for Token presale. There will be a hard cap and 1 Can will be allocated per (TBD) AVAX spent on presale. Remaining Cans, if any will be added to treasury.
10.000 for Treasury. These will be used to reward different activities or games. At the moment of splitting the pot, Cans that are in the treasury will not be considered in the pot calculations.
Funding the pot
50% of minting funds
40% of token presale funds
Sell Cans to holders
2% of the total of 5% Royalties
AVAX raffles where 20% of the funds go to final pot
Raffle platform where other collections can do their raffles and we take 10% commission that goes to Final Pot
1% of Sell volume from Buy me Food Token
Whatever more ideas we get on the way
Game Mechanics
Managing the Cans
This will be done by the team based on blockchain data and any other planned activity results. A leaderboard will be update on our site weekly.
Cans movement
The initial Cans will be distributed to the wallets that minted the NFT and are not transferable. So make sure you are holding 1 NFT per 5 Cans in that wallet when the Pot distribution will happen.
Each mint will come with a Can attached.
Each (TBD) AVAX spent in Buy me Food Token presale comes with a Can attached.
If an NFT is sold, the seller loose 1 Can and the buyer receives 1 Can. Transferring the NFT from the wallet that bought will not transfer the Can as well, so make sure you keep your NFTs in the same wallet with the Cans or your Cans will not be eligible for the final pot.
If anyone is listing the NFTs at lower price than public mint price, it will loose 2 Cans (per NFT listed) regardless if they sell it or not or for how long they keep it listed. Once we identify such a listing, the Cans are removed. We will track any wallet transfers of that NFT and we will know which wallet we need to remove the Cans from.
Each month, the entire supply of Cans in circulation will be reduced by 5% forever. Holders will loose 5% of their Cans, as this is part of the burning process. We will round it up the remaining amount, if a holder remained with 23.7 Cans for example, we will round it to 28. This Can burning process is put in place to make sure that the pot will be distributed eventually without waiting for years. We want to distribute the pot in the bull run :)
Users can buy Cans from the Treasury if they run out and want to be in the pot. The price will be 20% of the Floor price or minimum 0.05 AVAX per Can. They need to hold at least 1 Hobos NFT to be able to buy Cans. Holders can buy up to 5 Cans per Hobo held, per wallet. Limited to a total of 10000 Cans + whatever Cans remain from Token Presale and we will not sell any more once less than 1500 Cans in circulation. ALL funds will go to the final pot.
If a holder with Cans sells all their NFTs, their Cans will not be considered in the final distribution. YOU NEED TO HOLD AT LEAST 1 NFT per 5 CANs TO BE ELIGIBLE FOR THE FINAL POT
We are rewarding top trading wallets for buy/sell both NFTs and Tokens. Top 5 will be rewarded weekly with 2 Cans for top wallet and 1 Can for the rest. More details on which NFT marketplaces to trade to be considered will be posted here soon.
How we reduce Cans supply?
Monthly scheduled burn of 5% of the circulating supply between all holders except treasury
When an NFT is listed for lower price than public mint price. (1 Can per NFT if sold, 2 if not)
Weekly games where players are betting their Cans (1 Can per entry). Winner get 50% of the played Cans, the rest are burnt.
Weekly raffles for other collections NFTs or for AVAX or for Rare Hobos NFT. Cans can be used to enter the raffle and 50% to 100% of Cans used will be burnt, depending on the raffle.
Weekly silent auctions for NFts or AVAX. The one that auction the most Cans win it and the Cans auctioned will be removed from the wallet record and added to treasury, hence out of the pot.
Buy a Hobos Forever NFT from our vault with Cans - 4 Cans per NFT. This means you really like that NFT and you are ready to pay the price.
Tracking Cans
We have this leaderboard in place that is updated weekly - https://docs.google.com/spreadsheets/d/1l8gO47AsKOrtRIJRw7qDWrtJ2xbMF9s9TUvI7xvXZNk/edit#gid=0
Final Pot distribution
The final pot will be distributed once only 1000 or less Can remains. At this point, only the Can holders will have a say in voting if we should distribute the pot or not. They need to as well hold at least 1 Hobos NFT and x amount of tokens to be eligible.
Get out early
Once we minted out and get the presale of the Buy me Food Tokendone, you will be able to claim your share of the pot at any moment. Each Can will have a certain value. The less Cans in the game, the bigger the value.
If you want to get out of the Final pot game, you can do so by selling ALL your cans to us and get your share of the pot at the value on that moment. You cannot sell parts of it, you will need to sell ALL at once. Like this you can get out of the game at any moment if you think this is not for you!
The value of a Can is calculated as follows => Final pot / number of cans still in the game
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