The Rug Pull

You have nothing to fear, little apes

Wen Rug?

The collection will consist of 7777 Rugmie NFTs--if they sell out then we will be rugging shortly after. We don't expect there to be enough apes to sell out however, so we'll allow for the possibility of burning the remaining supply and rugging whenever the mints slow down. If we choose to pursue this route the community will be well informed of this decision (and will probably be the ones who voted for it).

How Rug?

We will be writing a custom rug() function into the NFT contract that will withdraw a percentage of the mint funds to our wallet before giving away the remainder to Rugmie holders. Each winner will win 20 AVAX--if we have a 100 AVAX treasury that means five winners, 200 AVAX=10 winners etc.

Note that unlike other giveaways, the same address can win more than once! An individual token can only win one time, but someone with 10 NFTs could theoretically win 10 times!

Our plan is to give away 80% of all minting funds, which will be bumped up progressively to 95% if we mint more than 1200 NFTs.

Even some legitimate NFT "Play to Earn" projects will only put 10% of minting funds into initial liquidity, pocketing 90% for themselves. We're going to shake up the formula by injecting a larger percentage of profits into the project, and we're going to do it while rugging!