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Lama Boo 🔵⛓️
@lamaboo.eth
🧵 Questions Answered: Pills Airdrop Token bags were an option, but not the only purpose of Onchain Pill NFT. A decision was made to give Pill holders token bags in accordance with the listing price and pill traits. To calculate the supply for the pill airdrop, the following math was used:
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Lama Boo 🔵⛓️
@lamaboo.eth
133*3354=$446,082 was spent on Onchain Pill mint (total ETH spent X ETH price in USD). One-third of the pills were burned for NFT: 446,082 - 33% = $298,874. The token starting market cap was 12.5m, so the number of tokens that needed to be allocated was 2.4%.
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