TNT #21 - Major Updates! $QUACKS & More!

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Duck Fam & Friends,

I’ll get straight to it, there was a lot covered in last night’s Twitter Space. I’m dropping the link here and recommend that you listen in for the latest updates and to see where the Nonconformist Ducks are headed over the next few months:

— Chicken Jr.

Twitter Space Recap

DuckMaster outlined several key developments for the project, including the following:

  • The Nonconformist Ducks have hired a new coding team for decoupling.

  • The platform will be released in several stages, with different features becoming available at different times.

  • The project will be divided into several sub-phases, each with its own mini-scope.

  • Starting in February, users will be able to access different parts of the platform. Some of the different phases will include creating and customizing ducks, accessing mystery boxes, buying and selling ducks, and acquiring traits from Upside ducks.

  • The entire process is expected to take 3 and a half months, starting from last week, to fully develop the platform.

  • The ultimate goal is to create a strong support system for the Quacks token in order to increase its value and make it sustainable.

  • Pond Academy will be the first external revenue system for Quacks and will play a critical role in giving value to the token.

  • The team plans to keep adding more external revenue systems in the future.

  • The amount of tokens generated per day is an estimated 250,000 Quacks being distributed among the four collections.

  • The total supply of Quacks is expected to reach 400 million.

  • Approximately 11% of tokens will remain in the treasury for activities in the pond.

  • The remaining tokens will be distributed over the next four years or until the total supply reaches 400 million Quacks.

  • To ensure the value of the token, 50% of all tokens used for activities will be burned until 187 million Quacks is reached.

  • At that point (reaching 187 million), the token’s supply will be balanced and burning put to a halt. This process creates stability in its value along with predictability which will make it more widely accepted as a common token.

  • Duck holders will be able to start claiming their tokens next week.

Listen to the Twitter Space for more details.

Reminders

Mint a Pond Academy Pass here

Cost: 0.03 eth + gas fees