ETHERNITY SALES REPORT & ERN BUYBACK / LOCKUP
Drops 11–20
As announced in our May 6th Medium post, the buyback program — our process of buying and locking 75% of all ERN profits into a contract vault for 2 years — is now completed from Drops Phil Ivey to Marino. (11–20)
We deployed a locking contract on Ethereum mainnet that will store and lock ERN for 2 years from the lock-in time. The contract is verified so the source code is publicly available. The lock() and withdraw() functions are quite simple: only the owner of the contract can lock, and only the owner can withdraw after 2 years (or exactly 63,072,000 seconds*).
You may verify the lock-in time and the lock-in ERN amounts by querying the public functions lockTimeInSeconds() and amountsHistory() on Etherscan.
Those tokens will be available for withdrawal after:
GMT: Oct 5 2023 6:41 PM
Epoch seconds: 1696531305
This is a true testament to the open-source and transparent nature of blockchain, and a commitment to our beloved ERN community.
- 1 day has 86,400 seconds, 1 year has 365 days, 2 years have 730 days — 730 days x 86,400 seconds per day = 63,072,000 seconds)
Today, We then completed our buybacks for Drops 11–20, and then locked the entire ERN balance of 67,744.54 ERN ($$1,257,859.03 at time of writing) in the contract. This balance represents the ERN from Drops 11–20 on:
GMT: Oct 5 2021 6:41 PM (epoch 1633459305)
Those tokens will be available for withdrawal after:
GMT: Oct 5 2023 6:41 PM (epoch 1696531305)
RECAP: The Ethernity team is hard at work, ready to launch an array of licensed IPs in upcoming aNFT drops and multipacks. This broadly focused team, including crypto natives and advisors, has partnered with leading figures in the fields of sports, arts, entertainment, music, movies, gaming, tech, collectibles, and more. Together, we have built an authenticated, licensed, rights-driven aNFT platform and marketplace, producing highly curated quality aNFT collections to drive long-term value.
Our third series of drops began with world-famous poker player Phil Ivey. Then we collaborated with the US Space Force on AR unlockables. Leading into Messi, we dropped the Copa America NFT, followed by rapper NAS.
August was a powerhouse, featuring current hockey superstar Alexander Ovechkin, boxer and presidential candidate for the Philippines Manny Pacquiao, before his last ever fight. We then launched the Messiverse, featuring the GOAT Lionel Messi. This drop was massively successful and helped propel our Ethernity Community to untold new heights. We rounded out August with Maluma, a gigantic pop star from South America, containing NFT art that is now being featured on his Papi Juancho 2021 World Tour.
We finalized our buyback schedule with September’s Dak Prescott and Dan Marino drops, finalizing the results as we move into the latter part of the year.
The final quarter of 2021 will see legendary figures, present icons, and future stars mint exclusive aNFTs with Ethernity, as well as another Stones Farming event. And get ready for new innovations and cutting-edge integrations with NFTs and the metaverse, with an optimistic gaze on what the industry can become, both culturally and technologically. All while supplying rewards to our community members and users.
BUYBACK:
At this point, Ethernity is executing on a previously announced pledge to lock in 75% of all profits into our ERN vault.
How?
For the ERN buyback, token is purchased from the circulating supply and locked for two years. And, we’re proud to announce this is now complete. We’ll be providing the wallet details to make the process as transparent as possible and our community will be able to track its holdings. It’s a true testament to the open-source and transparent nature of blockchain and a commitment to our community.
SALES FIGURES:
Drop #11: Phil Ivey — Total Sales: $37,539
Drop #12: AP IWO JIMA- Total Sales: $38,633
Drop #13: Copa America- Total Sales: $55,285
Drop #14: NAS- Total Sales: $37,944
Drop #15: Ovechkin- Total Sales: $109,166
Drop #16: Manny Pacquiao- Total Sales: $113,321
Drop #17: Leo Messi- Total Sales: $3,372,960
Drop #18: Maluma- Total Sales: $395,496
Drop #19: Dak Prescott — Total Sales: $163,450
Drop #20: Dan Marino — Total Sales: $69,891
GRAND TOTAL SALES in USD: $4,393,685
Ethernity Total Profit in USD: $1,677,145.38
75% of Total Profit: $1,257,859 (67,744.54 ERN valued at time of drop)
BUYBACK TOTAL: 67,744.54 ERN 🏦
The process to lock the ERN was similar to prior lockings:
- From the buyback wallet, we locked the tokens in the same smart contract (tx ID: https://etherscan.io/tx/0x096f9a47037f50765221be014a75081e50a0a2f591218f9e821f6bbfbd475b8d)
GMT: Oct 5 2021 6:41 PM
Epoch seconds: 1633459305
Those ERN tokens will be available for withdrawal after:
GMT: Oct 5 2023 6:41 PM
Epoch seconds: 1696531305
LOOKING AHEAD: 💎
It’s official — 75% of all profits from aNFT sales will be buying ERN and locked for 2 years. So, what’s next? With that firm commitment to our long-term vision intact, Ethernity will now be focusing on rolling out many of our planned innovative product offerings — like packs, AR unlockables, and virtual world integrations. Even more importantly, we’ll continue rewarding our Stones holders with upcoming Stones event, details TBA. And more. Stay tuned to see what’s next in store for Ethernity.
Ethernity Links:
➡️ Website (https://ethernity.io/)
➡️ Twitter (https://twitter.com/EthernityChain)
➡️ Discord (https://discord.gg/EtPCBmDUHY)
➡️ Medium (https://ethernitychain.medium.com/)
➡️ Telegram Group (https://t.me/ethernitychain)
➡️ Telegram ANN (https://t.me/ethernitychainnews)
