📊Mint Fund Allocation

How we plan on using the SOL from presales + mint

The mint funds generated from the sale of Degen Bid NFTs will be used to cover a variety of costs related to the development, marketing, and operation of the platform. This includes design and development costs, as well as expenses related to NFT purchases, team wages, and marketing efforts.

A significant portion of the mint funds will be reserved for the purchase of NFTs, which will ensure that the platform has a large and diverse collection of NFTs available for auction. This will help to attract users to the platform and ensure that there is a steady stream of high-quality items available for bidding.

Overall, the use of mint funds is an essential part of the Degen Bid platform, providing the necessary resources to develop and operate the platform, while also ensuring that there is a robust and diverse collection of NFTs available for auction. Whether you're a casual bidder or a dedicated degen, the use of mint funds is an important factor in the success and growth of the Degen Bid platform.

Fund Usage

These figures are based on estimates, and are subject to change.

Initial funding from presales + mint: ~$2,500,000 in SOL

• Development costs: $100,000 - 4%

• Design costs: $50,000 - 2%

• NFT Reserve Funds: $1,250,000 - 50%

• Marketing Allocation: $250,000 - 10%

• Team Salaries: $250,000 - 10%

• Reserve Funds: $600,000 - 24%

We believe that these figures should give the project years of runway so that we can keep auctions going at all times and give us the ability to expand into RWA in the near future.