Cybergoats - wave 7

FAQ

How it works

• What is an rNFT?

  An rNFT (Remunerative NFT) is an enhanced form of traditional non-fungible token ownership. In addition to the NFT component, we enable our owners to get a full mint rebate. Cybergoats is the world's first rNFT collection that plans to reimburse its original minters from the sales and resales of other Cybergoats.

• How will I receive my mint rebate? Do I need to do anything?

  Whenever you mint a new Cybergoat, your address and amount you paid us to mint it will be recorded. That address will be on the payouts list until it receives 100% of that amount. We will be working in the background and redistributing Ethereum from all Cybergoats sales and resales. The funds will be split up and sent to all original goat owners after each wave is over and periodically in between waves until everyone is paid back. You don't need to do anything. Secondary market goat purchasers do not qualify to receive the rebate. The gas you spent on minting is not a part of the rebate amount. IF YOU SELL OR TRANSFER YOUR GOAT BEFORE YOU RECEIVE ALL OF YOUR REBATE, YOUR REMAINING REBATE WILL BE FORFEITED AND GO TO OTHER GOATS. HODL!

• How do I milk my goat for the ERC-20 utility token?

  You cannot milk your goat for the token right now - that part is future functionality under development. Once it launches, milking your Cybergoat will be very easy. We are working on developing a dApp you will be able to use to monitor and milk your goats for our utility token. Subject to voting and owner approval, all existing goats are likely to receive an airdrop when the token and dApp launch.

• What about security/rug pull? Can rebate payouts be verified?

  As our project lives on the Ethereum blockchain, everything is 100% transparent and auditable. Past rebate payouts to owners and goat sales and resales can be looked up and verified on the blockchain by any interested party. Come hang out in Discord and talk to some owners.

• Can I resell my goat at any time?

  Of course. You may buy, sell and resell your Cybergoat at any time just like any ordinary NFT. However, please keep in mind that your rebate will be forfeited if you sell or transfer your goat before you receive all of your rebate. This was due to a government initiative to raise our floor price (in the beginning, people sold goats for lower than the mint price and still profited because they churned rebate).

• How much does a Cybergoat cost? What's the mint price?

  The last couple of waves have been minting at 0.08 Ether per goat. Goat owners will vote and determine the size and pricing for future waves. Also, we have lower Ethereum Mainnet gas when compared to many other ERC-721 collections.

• How many Cybergoats will there be?

  We have been getting lots of inquiries about purchasing a Cybergoat. While there may unfortunately be a shortage of Cybergoats in the beginning, we will be doing our best to draw more and eventually release as many waves as the market demands. Ultimately, it is the goat owners who will decide the size and price of each wave. We will make announcements on social media, in our Discord server and on our website in advance of each wave. As each original goat owner will receive an Ethereum rebate from all other goat sales and resales, we suggest to get your Cybergoat as soon as you can. Right now, we have enough art to release 25,000 unique goats.

• How much Ethereum will I receive after each wave?

  All of the Ethereum generated from original goat sales and resale royalties will be evenly split among everyone who currently holds a Cybergoat and is still owed some rebate amount. This is done in order to encourage collectors and reduce the financial burden of NFT ownership. If goat owners collectively vote to approve DAO expenses, those expenses will be taken out of the common pot for that wave before the rebate payouts are made. The exact amount of Ethereum you receive will depend on wave size, current goat price, number of secondary market sales and DAO expenses. The more active the collection becomes, the faster you will receive the full amount of your rebate.

• You are giving away all the money back to owners. What is in it for you?

  We are excited about this project and the opportunity to make and distribute great art. In order to pay gas, platform fees, compensate our artists, team members and developers, foster a safe and friendly community and support various goat-related charities, we plan on keeping and milking every fifth goat alongside other owners. There is no traditional "prefarm/premine". We may also occasionally award Cybergoats to active community members and others who help us move the project forward based upon merit. Everything is 100% transparent and can be verified on the blockchain.

• Which charities will you support?

  The first two charities we plan on supporting are Heifer International and Rocky Mountain Goat Alliance. If you would like to suggest another goat-friendly charity, please drop a note in our Discord server.

• How can I mint a goat? Can I get on the whitelist?

  To get on the whitelist, please visit https://wl.artsyassets.com/. Whitelist spot holders may mint up to 24 hours before the wave opens up to the public.

• How did you get your gas to be so low?

  Sorcery.