Written by KRIS
Owner of RichPigz
25.09.2023
“Rich Pigz” started as a 2k collection in March, created by another person. After noticing the project’s decline following my investment around May, I approached the original owner. By May 20th, I paid for and took ownership of the project, which had 6 to 7 percent minted by that time. Currently, we have reached 38.93% minted and climbing.
“Rich Pigz” now consists of 1,975 unique NFTs, as I burned 25 of them. Each NFT is assigned a unique ID number upon minting. We are currently running an ongoing raffle in which the winners are chosen based on these ID numbers. For example, mints from 302 to 452 are eligible. Any “Rich Pigz” that are awarded as prizes are minted and sent out after the raffle, and they can be entered directly into the next one. This serves as a smaller utility for the project. Additionally, through collaborations with other projects, we occasionally hold live mint competitions to earn free NFTs and tokens. For instance, “Rich Pigz” has paid out $249.93 in Geo Leaf Tokens through various Raffles and Mint Competitions.
Currently, we are running “Play to Win.” Minting 1x “Rich Pigz” enters you for the chance to win a starting pot of 0.1 BNB plus an additional 0.015 BNB for all Mints that are during the timer period set. “Play to Win” is facilitated through the Gamee bot in Telegram. I select a game and run it for 3 days. The 3 individuals who paid to secure a seat at the table (by minting 1 “Rich Pigz”) have a chance to win either 0.145 BNB for 1st place, winner takes all when and only holds the top score in both games.
Additionally, through collaborations with other projects, we occasionally hold live mint competitions to earn free NFTs and tokens. For instance, “Rich Pigz” has paid out $249.93 in Geo Leaf Tokens through varies Raffles and Mint Competitions.
From time to time, I attempt to raise the floor price for “Rich Pigz” through a Bounty Trait hunt. I list some sub-traits, and once found in one or more NFTs, participants can win prizes, which could include free tokens or NFTs.
The collection includes 4% of “RichPigz” with Crowns, which are eligible for all the aforementioned events as well. Additionally, owning a Crown “Rich Pigz” grants you entry into a royal raffle, with one winner announced for every 20 Crowns minted. Only 20 Crowns are left to mint. Upon the collection’s sell-out, I will conduct a huge raffle featuring all the Crown IDs, sharing the “Pigz Vault” before starting a new collection. Crown holders will also receive a certain number of whitelist (WL) spots for the next collection.
These are all the currently active features of the project. The project is self-funded, and I work independently without taking payments for myself. My current focus is on building funds, which has been slower than expected due to the drop in BNB value and a slight decrease in “Pigz” minting over the past 5 weeks. The primary focus now is on “Pigz Stake.”
“Rich Pigz” NFT holders can stake their tokens and receive 40 million “Geo Leaf Token” per week for each staked NFT. This token is intended to benefit their project and the reflection token “Grove.” Crown “Rich Pigz” holders have the added benefit of receiving one free “Rich Pigz” for each Crown they hold, allowing them to earn double rewards for that specific Crown. I plan to fill the staking pool every 6 months, with an initial duration of 2 years, extending to a total of 4 years.
A breakdown of the allocation of funds shows that 40% is earmarked for staking up to 50% minted, after which it will reduce to 30%, and later to 25%. This adjustment is based on the idea that by the time 75% have been minted, more tokens than needed will have been collected. This surplus can be used for additional events, injections into the pool, or distributed via a contract to those who have staked.
During this period, more funds will be allocated for other events, collaborations, games, and innovation. I have already mapped out the next collection and am in the process of putting things into place, while “Rich Pigz” continues to grow.
If you have any questions, please feel free to visit our Telegram group, explore the community, or message me directly.
KRIS aka @CosmicNomics is very hard working chef and owner of Rich Pigz. He is one of the gems of BSC NFTs as he is always opened to collaborations, helping other projects with Promos and making new connections every day.
JustMiro
Written by KRIS
