FBC Update: March 24th 2023
GM Bulls!
We have some exciting updates on the recent successes of the Fearless Bulls Club (FBC) NFT Collections.
- Syndicate model expansion:
To date, FBC has successfully launched 7 syndicates, with tweaks and improvements made each time we go through the process.
Recent $BONK, Bandits, and Wolf Capital Sydnicates have been highly profitable and enjoyable for participating members.
Wolf Cap minting and market performance:
FBC successfully minted 200 Wolf Cap NFTs at a median mint price of 2 SOL per NFT. 50% of this allocation (100 Wolf Cap) were exclusively offered to FBC holders in packs of 5 at the equivalent of 2 SOL per NFT mint price.
Within 72 hours, the Wolf Cap’s floor price surged from 2 SOL to 8 SOL.
This resulted in a relatively effortless 10 SOL to 30–40 SOL flip, or chance to hold a nice bag of a very solid project at lowest risk entry point, directly benefiting our loyal holders. Every trade was broken down play-by-play in the Elite Ground group for Celestial holders who wanted to follow along.
For those who didn’t take part in the Syndicate, the FBC treasury has experienced solid growth this month, with more liquidity in the treasury, the $vBLSH LP, and Tensor Pools for the PFP collection.
Bigger FBC war chest is Bullish, Right? 🐂🔥
2. Tradable fractions of NFTs:
- FBC’s unique feature of offering tradable fractions of NFTs sets us apart from other Solana NFT projects.
- Our goal is to create high value Bulls with each syndicate launch, where the entry price will remain at least 10 SOL per share.
- As we continue the syndicate mint & burn process, we expect overall art quality on both FBC collections to improve, supply to reduce, and a higher portion of the PFP’s to maintain a floor price of at least 10 SOL.
- This week has seen the FBC PFP collection hit multiple record sales, with the Bitcoin Bandits Syndicate Bulls trading at 80–90 SOL on Secondary (4x 21 SOL Mint Price)
https://twitter.com/Fearless_Bulls/status/1638241965538942976?s=20
3. Bitcoin Bandits Celestials Syndicate
Launched on the 1st of March ‘23 at 21 SOL Mint price, The Celestials Bandits Syndicate has been one of our most ambitious and successful ventures to date. Current holdings are 10 Bitcoin Bandits shared between 40 Celestial Bulls. While it’s still early, the value of Bitcoin Bandits has increased significantly since launch, and it’s been a pleasure to help onboard FBC holders who have an interest in this new era of NFTs with a solid entry to one of the most hyped and trusted early ordinals projects.
4. Staking and $vBLSH liquidity pool growth:
The $vBLSH LP has been steadily growing, with a stable price and rewards for LP contributors. FBC is the first project in the Solana ecosystem to offer NFT mint farming through LP staking of its native token.
You can join here by proving a customised mix of $vBLSH-SOL to the pool:
https://raydium.io/clmm/pools
We expect demand for $vBLSH to continue to increase as we roll out more raffles and prepare for clothing drops, and future mint opportunities in $vBLSH 👀
5. Deflationary supply of FBC collections:
So far, we’ve burned 315/5,000 PFP and 1,150/10,000 OG NFTs.
We plan to burn at least 500 more OG and 420 more PFP NFTs in the next round. As we continue this process, both collections will become increasingly scarce over time, and through natural selection, only the best looking and most Fearless Bulls will survive 🐂🪄
1/ The next phase of Pasture is open for everyone 🚀
Submission window is open from now until Friday 31st March at 23:59 UTC
2x $BLSH will be Airdropped for each OG FBC sent to Pasture.
Submit OG FBC’s for Pasture to this wallet address:
HheA9735VbjhExNsHC78ae9Y1wEiTUJkZNmkrzsDCbHV
4x $BLSH will be Airdropped for each PFP sent to Pasture.
Submit PFP’s for Pasture to this wallet address:
7ffV1omcYffxngxMweC6YJrPvD17nFfmkHExmJSisexZ
6. NFT treasury backing:
FBC is backed by the largest collection-based NFT treasury in the Solana ecosystem. The FBC treasury wallet can be viewed here;
Note that we also have NFTs staked which will not be shown in this wallet.
More info can be found in the FBC Discord.
As the project progresses, holders will have more opportunities to own redeemable, trade-able fractions of current and future FBC holdings through discounted purchases or FBC NFT burns.
We’re delighted with the progress we’ve made so far, and we couldn’t have done it without the continued support of the FBC community. Thank you for being a part of the Fearless Bulls Club, and stay tuned for more exciting updates!
Fearlessly yours,
The FBC Team
