What is $BORED?

$BORED is an (anti)memecoin that rejects the idea of the “memecoin casino”, constant trading, unhealthy levels of connectivity, zero-sum games, staring at charts, and general stress and anxiety. The intention for BORED is to experiment with a type of “Network State” within the Base ecosystem. One that, as Vitalik Buterin puts it, is a fun “positive sum version” of the memecoin trend that generally feels very PvP (Player vs Player). Being BORED is a very good thing. It leads to creativity, invention, and focus. We want more people to be BORED.

What are the Original Boredcaster NFT's?

The original 500 Boredcaster NFT's were offered as a farcaster frame mint by Bored.eth in February 2024 (watch the whole story video in ⁠🔴│video-updates). Little did anyone know, these NFT's would start the BORED movement. In early April 2024, Bored.eth made an annoucement about the launch of the $BORED token and that 20% of the supply would be airdropped to owners of this NFT. Go to ⁠🔗│links to buy one of these if you want to participate in future airdrops.

Is the $BORED token airdrop for these original 500 Boredcaster NFT's over?

No. It is a continual airdrop over time that still has 3 installments left. The first installment of 300,000 $BORED tokens to each of the 500 NFT's was airdropped on Friday, April 19th.

When are the next airdrops for holders of the original Boredcaster NFT's?

Airdrop 2 will likely happen around July 19th, three months past the first airdrop. Airdrop 3 will likely happen around October 19th. Finally, Airdrop 4 will likely happen around January 19th, 2025. Airdrop 1, 2, and 3 are the same flat 300k $BORED per OG Boredcaster NFT, and airdrop 4 will be a little bit more than that - about 356k $BORED for each OG Boredcaster NFT.

What are the Voting Power NFT's? (also referred to as the Boredcaster Party NFT's)

Voting power NFT's function as influence over the (currently) half a million US dollars that we hold in the treasury wallet. Community members who hold voting power can either delegate that voting power, or actively vote on proposals themselves.

What are proposals?

A proposed action to use treasury funds in some way that you see fit. For example, the first ever proposal to pass after the token was launched was proposal 48 by @Bored.eth to buy 20 ETH of the Bored Token using the treasury funds.

How do I make a proposal?

You can start with an "informal proposal", which is a pitch of your idea under ⁠💡│old-proposal-ideas. This can be done by anyone regardless of if they're a $BORED holder, Boredcaster NFT holder, or voting power NFT holder. This process allows for early feedback, thoughts, and discussion between community members and leaders. If you want to make your proposal official, you have to hold a voting power NFT (just pick up the smallest one on the floor if you don't have one, link to buy in ⁠🔗│links). Then, you'd navigate over to the party.app interface (also found in ⁠🔗│links) and actually create the proposal. Finally, you'd open a ticket in ⁠🛟│submit-a-ticket and notify us of the proposal number followed by your pitch to the community. We will then post this information for you in the ⁠📜│old-official-proposals channel.

What is the treasury? Where did all that money come from?

Treasury money is generated by BORED/ETH pair trading fees. Because the community wallet (treasury wallet) basically owns the entire liqudity pool, we get to benefit from claiming the rewards from providing all that liqudity. We net about 0.75% in fees from all the trading volume on the pair. In the first week, the our LP position generated 74 ETH and 85 million $BORED tokens as fees from trades.

How much money does the treasury make every day?

If the token did 1 million dollars of volume today, we would be able to claim about $5,000 in trading fees. Recently, we've been doing an average of 300k USD volume per day, which means we've been generating about $1,500 each day. So it really depends on how much volume there is on the BORED/ETH trading pair. Our LP was established as a 1% fee trading pair, so if the token did 1 million dollars of volume, there would be $10,000 of income (about half in $BORED and half in $ETH) produced that day. The party.app team does take 50% of the ETH made, but this is to fund their team and efforts. They deserve to be rewarded for allowing us to claim these fees in the first place (and to launch the token via their app in the first place).

What is "Boregon Trail"?

Boregon Trail is a Farcaster based "frame" game which riffs off the classic nostalgic came Oregon Trail. If you don't know about it, look up some videos on YouTube. The game is a simple social strategy game where players are tasked with progressing through an old-timey magical world, and getting as far as possible without health going down to zero. Some stages will grant health, and many random scenarios will hurt health. The player(s) who have gone the longest distance in a 24-hour period will win the entire prize pool from total entries. Plan is to charge 1000 $BORED to play the game, with an option to buy an extra life if you die. That money will fuel the prize pool, but in addition to that one of the proposals we passed allocated 1 million $BORED to each day of the game being live for the first 10 days. So at the beginning of each day, there will be about $2,000 in rewards available. The game can be found here BOREGON TRAIL