Okay Bears, a popular Solana NFT project that hit the Web3 spotlight in April, is preparing to host its first community airdrop. Every airdrop is inevitably exciting in its own way, but the first offering from Okay Bears reaches new heights as it involves distributing NFTs. Redeemable for physical gold or crypto.
This collection, called “Founders Coins”, contains 10,000 assets ( ok bears collections) are randomly assigned gold weights of 0.25, 0.5, 1, 5, or 10 grams each. Each also features a mix of hand-painted attributes inspired by the original collection.
In the fourth quarter of this year, holders will be able to redeem their NFTs to receive their allotted gold. Primitive luxury is currently priced at $56.50 per gram. That being said, the minimum amount of gold that can be received is 10 grams, so anyone holding an NFT with less than 10 grams of gold attached can redeem it for the equivalent paid in $SOL. can receive the cash value of or $USDC. Assets will be burned in the wake of NFT redemption.
To reduce the risk of fraud, Founders Coins are delivered directly to the owner’s wallet. It also incorporates a 5% loyalty share dynamic, and when a sale occurs within his first eight weeks, a portion of the proceeds goes to his Okay Bears foundation called Okay Cares. Going forward, the Okay Bears community will be able to vote on how the funds will be distributed to the charity.
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