Thanks for this napkin math! I was a bit unsure about what a basic cost estimate is for minting one NFT, at 0075 Ethereum thats going to probably somewhere between $15-20 depending on Ethereum’s value at the time of mint.
Can you give a TLDR about what “minting” means in this context? Where will the received NFT go, where can it be custodied afterward? How can a participant assert how many NFTs they want to mint (assuming fewer than 7200 whitelisted participants)? I’m thinking about buying 0.035 ethereum so that I can potentially mint more than 1 NFT if given the chance
Personally I think it’s in a market makers best interests for community members to mint some of the NFTs. If nobody in the community claimed to have minted one it would likely devalue the entire collection. So I’m not too worried about a sybil attack.
Based on personal experience using Zecwallet to participate in this, I wasn’t sure if my transaction went through so I sent another one with a different wallet. Now I hope the filtering process is forgiving, not flagging duplicate as spam.