Bankless Apparel Season 0…launch! 🚀

Level up your open finance game five times a week. Subscribe to the Bankless program below.

Subscribe now


Dear Bankless Nation,

Bankless Apparel is here.

Season 0 goes live when this post is 1 hour old.

We’ve created a way for you to wear Ethereum. This is gonna be fun.

– David

p.s. if ultra legendary scarce swag isn’t your thing—don’t worry we’ll be launching a regular Bankless merch shop soon—stay tuned. 🏴


Bankless Apparel Campaign, Season 0 🚀

We are kicking off the first Season of Bankless Apparel from a design that I frequently use in my articles.

I often speak of Ethereum as a physical landscape; a 3-D place where the DeFi structure lives and grows.

Season 0 offers this metaphor in a tee-shirt!

“ETHSCAPE” Season 0 shirt

Each ETHSCAPE shirt is sold as a scarce redeemable token called a “BAP”. The ETHSCAPE shirt is a BAP0 token. Buy BAP0s on Uniswap when this post is 1 hr old.

Buy on Uniswap


SOTN to see Ryan & David Explain $BAPs

We just released episode 8 of SOTN—all about the magic YFI token….

📺 Watch State of the Nation #8: PUMPED – w/ $BAPS

$BAPs! (ETHERSCAPE SHIRTS, ETH2 COMING, BULL MARKET MENTALITY)


BAP0 Sale

There will be Fourty-Eight (48) BAP0 of 50 BAP0s available on Uniswap. This makes makes Ethscape a Legendary class apparel item.

No more than 50 will ever exist.

BAP0 Stats:

  • Total Supply: 50 BAP0s

  • Pre-issuance: 2 BAP0s (David + Ryans BAP0)

  • Liquidity Market: Uniswap

  • Supplied: 48 ETH / 48 BAP0

  • Tier: Legendary

  • Uniswap exchange: BAP0-Uniswap Etherscan

Phase 1: Initial Liquidity

BAP0s will initially sell at Uniswap market rate starting at 1 ETH per BAP0. After 23 of the 48 BAP0s are sold we’ll move to Phase 2. The 23rd BAP will sell for approximately 5 ETH according to the Uni-AMM.

PHASE 2: Liquidity Adjustments

After the 23rd BAP is sold, we plan to withdraw 50% of the Uniswap liquidity for BAP0, and begin selling the withdrawn BAP0s into Uniswap to maintain a price of 5 ETH or less. If the price of BAP0 exceeds 5 ETH, we will continuously withdraw and sell BAP0s until there is no more available on Uniswap and all the available BAP0s are in people Ethereum wallets to be redeemed or resold back to Uniswap. 

This two-phase system ensures that the price curve for the BAP0 tokens remains as shallow as possible, and only increases in steepness once the tokens are fully distributed.

Timing

Uniswap will be seeded with BAPs and liquidity when this post is 1 hour old.

How to Buy

After liquidity has been provided you can buy BAP0s on Uniswap using ETH. You’ll need to add the BAP0 contract address to access it in Uniswap.

Buy on Uniswap

The Redemption

1 BAP0 is redeemable for 1 Ethscape shirt

In order to redeem 1 shirt, you must purchase a BAP0 from Uniswap, and BURN it. You can burn the BAP0 by sending it to the genesis address of Ethereum: 

0x0000000000000000000000000000000000000000

Some wallets do not let you send it to the genesis address. Replacing the last 0 with a 1 also works:

0x0000000000000000000000000000000000000001

Sending to the Parity Multisig address also works 😈

Email this transaction to apparel@bankless.com, along with your shipping address and shirt size and we will coordinate the delivery of your Season 0 shirt! We’ll ask for additional confirmation transaction in response to this email.

Staking BAPs

If you want to be one of the 50 people with the Genesis Season BAP….

Buy BAP Season 0 on Uniswap

Check the timestamp. The market gets liquidity when this post is 1 hour old. Be ready. 🚀


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. I’ll always disclose when this is the case.

—Source link—

What do you think?

Akropolis Shares Yield Aggreator Delphi & New ADEL Governance Token

dYdX Releases ETH-USD Perpetual Contracts with 10x Leverage