Good evening Shredders
Wow, what a whirlwind few weeks since launch!
As most of you know, the reason we switched from a premium paid mint to a free ML mint was so we could prove our salt and show everyone that we could deliver on our promises. Providing tangible utility, partnerships with top brands & athletes and starting rolling out some of the ideas we have to grow a worldwide brand - interfusing web3 and extreme sports.
In order to take this to the next level we, as a team have come to the conclusion we need to get the remaining 1k Sassy’s onto the Mountain.
There are a number of reasons for this but before anything else is said I’d like to reiterate the point that we as a team have not taken any compensation from the initial mint/royalties and moving forward in the short term will not be doing so either. Every cent is being used to build Shredding Sassy and the same will happen with the mint proceeds of the remaining Sassy’s.
Ok, let’s go over a few points as to why we feel it’s time to release the Sassy’s onto the Mountain.
Rarity - we have received a number of DMs and public messages from people asking about the official rarity. A lot of people have expressed concern in buying rare Sassy’s when they don’t know for sure what the full rarity profile looks like yet.
Moving on with the next steps - this is a big one. Especially with more of the web3 utility, this will require having all 6,200 Sassy’s minted before these steps are rolled out. You can see our announcement today regarding the trait based merch items, these will be limited to the number of traits in the collection. But more than this, the next steps we have planned will need to have all Sassy’s out there to be fair to everyone moving forward.
The 1/1 - there is still a 1/1 Sassy in the contract yet to be discovered and we get questions every day on this - we’re so excited for you to see it as it’s definitely the most unique one of them all!
More funds to build with - as you know we were predominantly a free mint and 2,000 were minted at 0.01ETH. We have big plans, and these plans require funds to make them happen. Minting the remaining 1k Sassy’s will provide us with more capital to deploy in various ways from building infrastructure, sponsoring athletes and marketing campaigns to working with outdoor charities, sponsoring events, competitions and organising amazing trips for our community.
So how would this work?
We are thinking that we take a snapshot of current holders and allow our community first chance at minting. Obviously there is a big difference between the floor price and rarer traits, within the remaining 1k supply there’s going to be a number of the rarer traits and even the last 1/1 up for grabs.
So all holders will have ML to mint first and then any remaining will be available to the public at a slightly higher price. This will be 1 mint per wallet address both in the ML phase and the public phase.
Price - we do not want to undervalue peoples holdings with their current Sassy’s so we will be minting at a price level above floor. This goes back to my previous point that a number of the newly minted Sassy’s will have rare traits and so be worth well above floor value.
Next steps
I encourage discussion below this proposal post and also am happy to jump into VC to answer any questions or clear up any uncertainties. Later today we will move this to a snapshot proposal and let you guys vote on the outcome.
Ultimately this is a community decision as we’ve always said, we’re not going to do anything without the majority agreeing to it. However, we would not be proposing this unless we thought it was the right thing to do for Shredding Sassy moving forward.
We’ve got some great momentum, people are starting to become aware of the collective movement that is Shredding Sassy and we’re excited to take this to the next level.
#StaySassy Shredders.