Season 1 Free Mints

Summary

Release all remaining Episodes in Season 1 as Free Mints.

Abstract

Free mints should increase the likelihood of sell outs and create secondary demand for the 4 remaining Episodes in Season 1.

Thus far, Episode 1 and 2 have been structured as follows:

Episode 1 - 500 NFTs - 0.1 ETH Episode 2 - 250 NFTs - Free, 0.05 Presale, 0.1 ETH Public

More on Episode 2 Strucutre can be found here.

Moving forward, we propose the remaining Episodes are free mints, excluding gas costs.

Each Episode will feature different Minting Phases to prioritize certain NFT holders.

Motivation

Rather than changing supply and relying on large primary sales to fund the Treasury, this proposal looks to create an updated framework for remaining Episodes which largely mitigates any risk of unsold assets.

As illustrated in the Season 1 Funding proposal, the RŌHKI team is prepared to work under this model, optimizing for one Episode per month while putting additional effort into lore and world building.

We believe this compliment of consistent song releases with ongoing character content will create a stronger relationship with the RŌHKI brand.

Additionally, Free Mints lowers the bar for "sell outs" while leaving the market to decide the value of each individual track.

This model was largely inspired by Angelbaby and the Hume Collective, along with a growing number of free mints on platforms like Zora.

Specification

Mint each of the remaining 4 Episodes in Season 1 as Free Mints.

An example of this structure would look as follows:

Price: Free Supply: 100 NFTs Rarity: Static (90), Immersive (10)

Along with this structure, offer the following Mint Phases:

Phase One: Genesis Key Holders Phase Two: Set Holders (Snapshot) Phase Three: Episode Holders Phase Four: Public Mint

The Supply & Phases may be adjusted, but the general flow should be consistent throughout.

For each Episode, 10 NFTs should be reserved for members of the RŌHKI team.

Benefits

• Increase likelihood of selling out every Episode
• Increase secondary market demand
• Create strong incentives to hold Genesis Keys

Drawbacks

• Limited supply
• No primary revenue to fund the Treasury
• Less access points for new collectors