THE SMUGGLEVERSE
CRYPTONYTE NFT OVERVIEW:
| QUANTITY | NFTs @ DROP | MINT PRICE | WEIGHTED AVG @ MINT | DISCOUNT |
|---|---|---|---|---|
| KILO | 1 | $50,000 | $98,700 | 49.34% |
| POUND | 2 | $27,500 | $44,800 | 38.62% |
| HALF-POUND | 4 | $15,000 | $22,400 | 33.00% |
| QUARTER-POUND | 8 | $8,000 | $11,200 | 28.57% |
| OUNCE | 50 | $2,100 | $2,800 | 25.00% |
| HALF-OUNCE | 100 | $1,100 | $1,400 | 21.43% |
| QUARTER-OUNCE | 150 | $575 | $700 | 17.86% |
| EIGHTH-OUNCE | 200 | $325 | $350 | 7.00% |
| JOINT | 420 | $175 | $175 | - |
| SEED | 34 | - | - | - |
HOW DO I PURCHASE AN NFT
- Log in to your MetaMask wallet and switch your Network to Polygon Mainnet.
- If you haven’t added the Polygon Mainnet Network to your MetaMask wallet, you can visit https://chainlist.org/ for a 1-click set-up.
- Connect your MetaMask to SMUGGLEVERSE by clicking ‘CONNECT WALLET’ in the top right menu bar of the SMUGGLEVERSE website.
- Browse the SMUGGLEVERSE MARKETPLACE to VIEW all available NFTs for sale.
- Once you’ve selected an NFT to purchase, follow the prompts to complete the transaction process. SMUGGLEVERSE NFTs must be purchased using Polygon’s ‘MATIC’ cryptocurrency. Instructions on how to add MATIC funds to your MetaMask wallet can be found here.
HOW DO I SELL MY NFT
SMUGGLEVERSE NFTs can only be bought and sold on the SMUGGLEVERSE Marketplace. To sell a SMUGGLEVERSE NFT you own:
- Connect your MetaMask wallet to SMUGGLEVERSE by clicking ‘CONNECT WALLET’ in the top right SMUGGLEVERSE menu bar, and switch your Network to Polygon Mainnet.
- If you transferred your NFT out of your MetaMask wallet, you’ll need to transfer it back to MetaMask before you can sell it on the SMUGGLEVERSE Marketplace.
- Navigate to your user ‘PROFILE’ and view your NFT collection by clicking ‘OWNED’.
- Select the NFT you want to sell by clicking on it.
- Select ‘SELL YOUR STASH’
- Select ‘FIXED PRICE’ or ‘AUCTION’, set the sales details, and confirm by clicking ‘SELL YOUR STASH’.
TERMINOLOGY
STRAIN: A digital cannabis NFT collection - CRYPTONYTE is our first strain.
QUANTITY: There’s 9 different weight classes within a strain ranging from a JOINT up to a KILO.
WEIGHT: Each quantity within a strain has a different weight. There’s a total of 20-POUNDS in the CRYPTONYTE strain across 9 different quantities.
CUT: Exchange one NFT for an equal ‘weight’ of NFTs in smaller quantities.
STACK: Exchange multiple NFTs for a single NFT of a larger quantity.
BURN: Delete your NFT from the collection/blockchain to reduce the total supply.
SMUGGLER: An owner of a SMUGGLEVERSE NFT.
KINGPIN: The Smuggler who holds the most weight in a single wallet. Each strain has a Kingpin
ATH: All Time High. This is the highest price ever paid for an NFT. We track the ATH for each quantity within a strain.
WEIGHTED AVERAGE: The average $ of the last 10 sales of a joint multiplied by the total # of joints per quantity.
SCARCITY: We measure the scarcity for each quantity based on the total number of NFTs in a quantity divided by the total number of NFTs in the strain.
HOW DO I BECOME A KINGPIN
The Smuggler who holds the most weight of a single strain in a single wallet is the Kingpin of that strain. Kingpins may be rewarded from time to time for topping the leaderboard.
WHAT IS THE WEIGHT CONVERSION
Here’s a breakdown of the weight for each quantity:
| QUANTITY | WEIGHT IN POUNDS | WEIGHT IN JOINTS |
|---|---|---|
| KILO | 2.203125 | 564 |
| POUND | 1 | 256 |
| HALF-POUND | 0.5 | 128 |
| QUARTER-POUND | 0.25 | 64 |
| OUNCE | 0.0625 | 16 |
| HALF-OUNCE | 0.03125 | 8 |
| QUARTER-OUNCE | 0.015625 | 4 |
| EIGHTH-OUNCE | 0.0078125 | 2 |
| JOINT | 0.00390625 | 1 |
HOW MANY NFTs ARE IN A STRAIN
There’s a maximum of 20-Pounds / 5,120 NFTs + 34 Seed NFTs in a strain.
HOW DO YOU DETERMINE THE WEIGHTED AVERAGE
The "WEIGHTED AVERAGE" is based on the average of the last 10 sales of a joint, multiplied by the total number of joints in a quantity. For example, if the last 10 sales of a joint NFT averages $500, and we wanted to determine the weighted average for an ounce, we would use the following equation: $500 (the average of the last 10 sales of a joint) x 16 (16 joints are in an ounce) = $8,000 (the weighted average of an ounce).
CAN I SMOKE CRYPTONYTE IRL
Only if your avatar is willing to share with you.
WHAT ARE SOME SMUGGLING STRATEGIES
Each smuggler has the ability to customize their smuggling strategy based on their preferences and style. SMUGGLEVERSE has been created to replicate the key elements that you’d find in a real-world smuggling operation. The larger the quantity you purchase during the initial sale of a strain, the higher the discount you’ll receive. The cutting and stacking technologies can be used to affect the scarcity and available supply of each quantity, which could drastically affect the demand. The strain and each individual quantity ‘live-data windows’ on the website can be used to track the current smuggling market conditions
HOW MANY STRAINS WILL BE RELEASED
The total number of digital cannabis strains that can be released per year will be capped at 6. Each strain will be unique, and no more than 20-POUNDS of a single strain will ever exist.
CAN I BUY AND SELL SMUGGLEVERSE NFTs ON OTHER MARKETPLACES
Since our cutting, stacking and burning technologies are only possible within our marketplace, we have decided on a closed loop launch. We will be reevaluating this decision with input from our community on a consistent basis, and we will have the ability to integrate SMUGGLEVERSE NFTs into other marketplaces if/when we choose to do so.
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