Pills as a way to distribute value
Pill holders will have the opportunity to choose what to do with their pill: receive a token bag or hand-drawn PFP NFT. The rarity of the pill determines the possible NFT traits or size of the token bag — depending on the user’s choice.
The first 500 pills can be opened exclusively by Prescription NFT holders, then the choice will open for everyone else. Users who choose PFP will have the opportunity to receive unrevealed NFT from the new PFP collection in the next couple of days (with reveal coming later in May), while the opportunity to receive tokens from the pill will appear only after token launch (date is TBA).
Features of distribution
NFT — The first 500 pills turned into PFPs receive a boost to the traits rarity. This boost applies on top of the rarity of the opened pill.
Tokens — A certain percentage of token supply is allocated specifically for the rewards for opening pills. Every time someone chooses NFT instead of a token, there are fewer potential applicants for the pool of tokens, which means the rewards for token bags increase. Long story short — more people choose PFP = more tokens per pill for the rest.
Pills traits
Presale Opportunity
On the day of onchain coin presale, users will have the opportunity to get a presale spot. There will be 3 phases of 200 spots in total available for holders and public. All phases will have the same token size and price. A separate presale round for backers takes place 1 day before the official presale date. Presale for backers doesn't differ in terms of max buy and token-per-eth ratio. The Presale date is to be announced.
Phase 1: Lottery, 200 spots
The winners of the presale lottery take part in this phase. Each lottery winner gets a guaranteed spot. The results of the lottery is announced 1 hour before the start of Phase 1. Several spots per winner is possible, since some participants hold a lot of lottery tickets.
Phase 2. FCFS for NFT holders, 200 spots
Users who have Pill or Prescription NFTs will have opportunity to buy presale in FCFS basis. Users who participated in Phase 1 (Lottery winners), will not be eligible for Phase 2.
Phase 3. Public FCFS, 200 spots
Everyone who did not buy in previous phases will have the opportunity to buy one spot in this phase
Presale Lottery is prolonged
Onchain Pill and Prescription holders are eligible for the Presale lottery, which you can enter via our frame on Farcaster. The lottery allocates 200 guaranteed spots for the winners.
You can safely add NFTs to your Farcaster wallet until snapshot to participate. Snapshot takes place 1h before presale. If you sell NFTs before snapshot, you'll be disqualified.
The frame reads multiple LINKED wallets (not custody wallet that was automatically created when you first created Facraster account).
You can't change connected wallets after click, so make sure you have the NFTs on the exact same wallet(s) that was(were) linked to your Farcaster account at the moment of your first click on the lottery frame.
Points can accumulate, so the more NFTs you hold in a wallet connected to Farcaster — the more chances you have. Since the lottery is entirely random and chooses 200 random tickets from a pool of total tickets, some users with large holdings of pills may secure more than one spot in theory.
Tickets per NFT
Purple Pill — 1 ticket
Rainbow Pill — 1.5 tikets
Genetic Pill — 2 tickets
Radio Pill — 4 tickets
Red Pill — 10 tickets
Prescription — 5 tickets
Example: if you hold 2 purple pills and 1 Prescription, you total amount of lottery tickets is 1+1+5=7
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