How it Works
An Artificial Boom Bust Cycle coded directly into an NFT
- Everyday the value of your NFT will either increase or crash to zero
- The proceeds of the mint are held in a smart contract
- Eachday after the game begins a small number of randomly selected NFTs will “Self Destruct”
- Current Value of an NFT is equal to the pot value divided by the number of remaining NFTs
- NFTs which haven't self destructed can be sold back to the contract for their Current Value
- "Dead" NFT cannot be sold back to the contract, but all Bombheads can be traded normally on OpenSea
🤑 = Alive Bombhead
💀 = Dead Bombhead
Alive NFT Intrisic Value
*Values are for demonstration purposes only NOT actual game values. This Demo does not reflect the effect of users cashing in their Bombhead.
How do I mint a new Bombhead?
Come back to this sight on 05/01 and you will see a button that says "MINT". Click that which should open your connected wallet. You can then send the contract 0.05 ETH and it will send you a newly minted Bombhead in exchange.
Can I still trade these NFTs on Open Sea?
Yes! Bombheads work just like normal ERC-721 NFTs with the additional functionality of allowing owners to sell the NFTs back to the contract.
How is the Intrisic Value of my NFT calculated?
Intrisic Value is equal to the Pot Value divided by the number of remaining NFTs. Dead NFTs have an intrisic value of 0. You can sell your living NFT back to the contract for its intrisict value at anytime before it self destructs
Can I still sell my NFT if it Self Destructs?
Yes! You still own the NFT and can trade it like any other NFT, but you cannot sell a "dead" Bombhead back to the smart contract
How will other players "Cashing In" affect the value of my Bombhead?
When one player cashes in their bombhead it will NOT change the CURRENT value of your bombhead. It will however reduce the amount of money available in the Pot which will decrease the potential value of the final Bombhead at the end of the game.
How do you decide which Bombhead Self Destructs?
We trigger a request to the Chainlink VFR Oracle each day to ensure the bombhead which explodes is truely random and no one can game the system. If the randomly returned bombhead is alread dead we increment the bombhead ID number by one until we find a living target.
What happens if the Bombheads do NOT sell out and the game never starts?
We are confident we will sell out, but we understand it can feel risky to mint an NFT you are not sure will moon. If the project does not sell out, we will start the game one month after minting opens at which point you can cash out or come along for the ride.
You buy the NFT at a starting price of 0.05 ETH. All proceeds of the initial sale are held in a smart contract (minus 20% for the price it takes to run this) here on refered to as “The Pot”. Eachday after the game begins 25% of the NFTs will “self destruct”. Bombheads which have not yet self destructed can be sold back to the pot, but once your bombhead self destructs its intrinsic value drops immediately to 0 and can no longer be sold back to the contract. As more Bombheads self destruct, the remaing Bombheads become more valuable. So everyday you NFT will either increase in value or crash to 0. The game starts 1 week after the last available NFT is minted.