Is it worth buying
@DENGSonApe for
@themutualfun mint?
There are only 2,000 TMF Passes. Allowing you to mint 2 Seats per pass.
Half go to Deng holders.
A quarter go to AMM.
The rest are for a few collabs and a tightly curated UGC contest, you鈥檒l be lucky to even get one. All passes will be soul bound.
Dengs will give you access to greater distribution. Trade them in for credits based on how long you鈥檝e held them, then use those credits to claim TMF Passes.
A Deng bought today is worth 1.25 credits. You need 5 credits for one TMF Pass, so that鈥檚 4 Dengs.
That's about $600 (0.22 ETH) in NFTs. Gotta claim the TMF Pass first, then it鈥檚 0.01 ETH to mint each seat.
That鈥檚 about .12 ETH a seat. If you think they鈥檒l sit around .12 on secondary you break even, anything higher and you鈥檙e in profit. If you don鈥檛 sell or transfer at least one of your seats, you get the Dengs back in 3 months, just expect the floor to dip after mint.
Yeah it sounds expensive, but the guaranteed allocation is the part that actually matters imo. You can still take your chances on the secondary market, but I think demand will greatly outweigh supply, don't get sidelined.
Got Dengs already? Drop your wallet in the comments if you want an estimate of how many credits they鈥檙e expected to be worth and I鈥檒l let you know
As usual, this is nfa.
Due to the recent exploit,
@DENGSonApe have temporarily frozen all Deng assets to ensure their safety.