Our #AVAXDOGS NFT series will be live on November 9th at 8PM UTC.
As you know we have a partnership from the start with Kalao. We worked with their team to get our reflective system up and running from day one.
We, therefore, had to wait for their launch to launch our NFTs and have the best possible secondary market. Avalanche Dogs will arrive the day after Kalao launches and can be traded right after minting on their market.
Summary and explanation of our tokenomics:
There will be 10,000 unique NFTs at the cost of 2.5 AVAX each. 10,000 AVAX will be entirely redistributed to the community (40%). This is an absolute record on the Avalanche network.
5,000 AVAX will be used for a buyback of $ SHIBX and redistributed to holders of 500 rare NFTs. The holders will receive $SHIBX automatically on their wallets a few hours after the end of the sale. The attributes eligible for this airdrop will be announced soon with the global #AVAXDOGS features and stats announcement.
5,000 AVAX will be used to add liquidity on the AVAX/SHIBX pair on Baguette.exchange and the LP tokens will be burned shortly after. The buyback transactions will be spread over a month to avoid a pump & dump of $SHIBX and to reward the holders.
Most importantly for $SHIBX and NFT holders: There will be a 6% tax on each secondary market sale on Kalao: 3% will go to holders of Avalanche Dogs NFTs and 3% will be used to buyback $SHIBX and add liquidity on the AVAX/SHIBX pair then the LP tokens will be burned. Thanks to this system, holders of #AVAXDOGS and $SHIBX will be rewarded in the long term.
We are also proud to announce that we took advantage of Kalao postponing their launch and worked hard to add animated Avalanche Dogs to the collection, making these items particularly unique and rare.
Last thing, we know that the NFT community is much more present on Discord, that’s why we have developed a Discord server in recent days to be ready for the launch, join us and share it around you!
#AVAXDOGS discord: https://bit.ly/30efIjW
We thank you for your patience, this deadline ensures us to launch our collection in the best possible conditions. In a future article, we’ll unveil our mint page and tell you more about #AVAXDOGS attributes and stats!
