With half of the collection minted, it is time for a little update on the BabyTuru Community World Tour.
What are the highlights so far:
- 50% of supply has been minted
- Carpathian Nodes donated 1000 $gCOTI
- CWT vault in treasury has been started
- First airdrop to NFT holders
- Lightpaper and roadmap has been published
What is coming next:
- Vault V2 will be going live
- Treasury on Carpathian Nodes to go live
- Preparation for series 2
- Contributor NFT’s to be minted and distributed
Highlights
50% Minted
Just shy of one month after going live with the BabyTuru CWT collection the 50th mint has happened.
The 50 NFTs are held by 25 holders, resulting in an average amount of 2 NFTs per holder with a maximum of 5 NFTs for the biggest holder.
This can be considered a healthy distribution for an NFT project.
gCOTI donation
Carpathian Nodes, which will be the home for the vault of the BabyTuru CWT on the Treasury has donated 1000 $gCOTI to celebrate the cooperation between these projects on the COTI chain.
CWT Vault has been started
The BabyTuru CWT project has been depositing $COTI in the dedicated vault as per the light paper. 90% of earnings have been deposited, where half of the rewards will be re-invested and half will be paid out to NFT holders and contributors.
With this the DEFI angle of the CWT collection has started. And thanks to the donation of Carpathian Nodes, the APY is being boosted.
First airdrop to NFT holders
The first of many airdrops has been done to holders of the CWT NFT’s. The first airdrop was a $BIGM token which was send to the first 28 NFT holders. This is a teaser for the time when more than just $COTI will be staked on the treasury managed by the Carpathian Node which will result in some more non COTI airdrops.
Light paper and roadmap published
The lightpaper V0.1 has been published and recorded on Bitmap, making it immutable and allowing to track the history of how the lightpaper evolves. By click the roadmap below, you will get access to the lightpaper.
Coming next
Vault V2
Vault V2 is planned for the last week of May. With this the Treasury will be directly accessible from the Metamask wallet, making it more convenient to manage. The CWT wallet address will be dedicated to managing the Vault and distribution of tokens.
From the moment the Vault V2 is live, the transactions done will be easy to track by checking the wallet.
CWT walllet: 0xae2a7D9f0A890cB71D753DE05986E6A0D20c9b52
Treasury on Carpathian nodes
After the V2 Vault, COTI will sell licenses for entities to manage part of the Treasuries. Carpathian Nodes will hold a couple of licenses and will open its node for license holders to park their licenses. This will lead to a significant amount of staking room ensuring good staking rewards for stakers on Carpathian Nodes. CWT will move it’s vault to the Carpathian Nodes treasury once possible.
Series 2
Now that 50% of Series 1 has been sold out, we will be slowly preparing for a second serie. For this second serie, we will again be needing contributions from our community. Contributions chosen for the collection will be rewarded with the contributors bonus.
The second series will have a slightly different feel and will be sold at a price point of 275 $COTI per NFT. This ensures a small appreciation of value for Series I holders while not overpricing the Series II.
While in Series I we had 13 contributors, we are aiming for at least 20 contributors with a maximum of 10 featured graphics for Series II. To apply for the listing of a graphic, please submit your entry in the BabyTuru Telegram channel.
Contributors NFTs
After the first Series has been sold out and the second serie is up for minting, we will create NFT’s for the contributors. As mentioned in the light paper, 20% of all rewards paid out, are paid to contributors proportional to their contribution.
These NFT’s will be transferable and sellable (once the marketplace on Crafter is ready). Holding one of these NFT’s gives you the right to receive the proportion of the contributors rewards. But there are no voting rights connected to these NFT’s.
