To accomplish this, the project will distribute Ether Capsules to each owner in a 1:1 ratio through an upcoming airdrop. This means that every holder will receive one free Ether Capsule for each Ether Capsule they currently possess, once the airdrop snapshot is completed.
This announcement addresses the reveal and our changed mint structure. In order to reach a balance between the people who have minted, secondary buyers, and holders, we’ve decided on the following: (1/8) pic.twitter.com/89Akot2oax
— ETHER (@ether) July 12, 2023
The airdrops will encompass whitelisted miners, including those who are either locked or paid, secondary market participants, and semi-public miners. Mark your calendars, as the airdrop is scheduled to take place on July 12 at 7:30 AM PST. This initiative aims to foster inclusivity and ensure that various stakeholders in the NFT Ether ecosystem receive their fair share of benefits.
Additionally, to address the remaining supply and account for the substantial changes in funding, Ether will conduct a Dutch Fair Auction on the same day at 10 a.m. Pacific Time. This auction will provide an opportunity for interested parties to acquire Ether tokens. Moreover, as part of the efforts to compensate for the funding changes, the project has decided to increase the royalties from 5% to 7.5%.
The Ether of the NFT project recognizes the importance of maintaining equilibrium within their community and promoting fairness among all participants. By airdropping Ether Capsules and holding a Dutch Fair Auction, they are taking proactive steps to address concerns regarding price discrepancies and provide opportunities for stakeholders to benefit from the project’s growth.
As the countdown to the airdrop begins, holders, miners, and secondary market participants eagerly anticipate the distribution of the Ether Capsules. This strategic move not only aims to align incentives but also reinforces the project’s commitment to creating a thriving and inclusive NFT ecosystem.
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