For the love of the MONG
GM GM GM
we’re excited to push out some $MONG token rewards to the MongsNFT holders. If there’s anyone who has kept the Mong meme alive over the past year it’s them, maintaining mint price and promoting Mongs throughout the entire bear market! We believe that MongsNFT and $MONG coin create an extremely powerful synergy. By rocking a Mongs PFP you’re signaling support for the community and growing awareness of the meme.
MongsNFTs were minted on the 9th of January 2022 and sold out in 17mins. The project was developed to complement the Mongoose meme and has been widely adopted by the community, growing a dedicated group of diamond-handed Mong believers. Since the launch of $MONG the floor has seen some solid price action, now sitting at 0.084 ETH (approx 3x mint price). The artwork is by OG pixel artist Jon Trafford, who worked with Warner Bros in the 90s on Sega games like Bugs Bunny.
Before the launch of $MONG we decided to allocate 6.9% of the token supply towards MongsNFT rewards. These tokens will be distributed over time once certain market cap milestones are reached.
The table below shows the market cap milestones and % of tokens allocated for each. With $MONG smashing through the 10M market cap already (4 days since launch) 2.5% of the token supply will be available for MongsNFT holders to claim.
There is no end date to claim your $MONG so no need to rush. Our website will also have a claim checker, allowing you to check if a specific Mong has had its $MONG claimed or not, this should help those looking to pick up MongsNFTs on secondary with un-claimed tokens.
You might have noticed the 2.9% allocation towards “Future Mongz”. This will be a future MongsNFT collection utilizing a burn mechanism. Those who dare to burn 3 Mongs will receive 1 Future Mong + a proportional cut of the 2.9% $MONG allocation. This will incentivize holders to burn floor Mongs from the OG collection, reducing supply and curating the collection to a higher standard.
Earlier this year a new technology was released allowing NFTs or “Inscriptions” in this case to be published onto the Bitcoin blockchain. We were lucky enough to inscribe a collection of Royal Mongs with >50% of the inscriptions below the 100K inscription range. Some of these Royal Mongs will be available for purchase with $MONG.
So when can I claim my $MONG!!!
The MongsNFT reward platform has been developed and is currently going through final testing before we deploy the contract. We expect it to be live within the next 24–48hrs. We had planned to release earlier but have been run off our feet with the early success of $MONG.
If we work together we have the power to solidify $MONG as the most unstoppable meme coin in the history of crypto. Remember Mongs are immortal and this is our destiny. 🏛
I love the story behind the Mongs.