by: 0xUrkel
What is it?
Snake Oil Bucks ($SOB) is the native currency of Snake Oil Club (aka Club Kindness), a community built on kindness. Snake Oil Club NFTs generate $SOBs (ERC20 cryptocurrency tokens) for the holders.
Where does it come from?
Understanding what Snake Oil Bucks are means also understanding who receives Snake Oil Bucks. Snake Oil Club was created by 0xUrkel (a simple builder of things on a journey through the universe) out of his constant disappointment with rugs and scam crypto projects while learning and adding the blockchain to his toolbelt of builder knowledge.
After learning and growing in the space, he built a solid technical foundation to scale his vision, the main thing that stuck in his brain was how much Snake Oil (a common term for a scam or some undesirable thing) there was in the crypto industry. The name stuck, and the art flowed. The Snake Oil Club NFT collection art pays homage to some really great, but also some really terrible happenings in the space.
The only way to original mint (original creation on the blockchain) a Snake Oil Club NFT is to politely ask the creator (0xUrkel) for one. The asker then receives the NFT free of charge and no transaction fee.
Snake Oil Club members have tons of perks including an amazing community of some of the greatest minds in crypto, tons of NFT and crypto giveaways, the ability to upgrade their original Snake Oil Club (SOC) NFTs into great new original pieces of art influenced by some of the greatest artists in history, and the ability to burn unwanted NFTs into fuel to upgrade levels of their existing SOC NFT. There is also constant building in the background. Snake Oil Club NFTs are deflationary, at the time of writing this article over 10% of the circulating supply has already been burned. There will only ever be 10,000 (now only roughly 9860 possible) and mint happens 1000 nfts at a time at random times over the next 5–10 years.
What does $SOB do? What is it used for?
Snake Oil Bucks ($SOB) and it’s LP pair ($SOB/AVAX) powers certain aspects of the Snake Oil Club ecosystem including minting community NFTs, auctions, purchasing merch, and special LP holder benefits. The original LP pools and price point were created by a SOC holder and does not yet reflect a value realized by the creator. Therefore most items placed for sale in SOB or SOB LP Tokens will be based on rarity of token than publicly tradable value. By adding to the liquidity pool holders help allow the possibility of public trading and price stability of the token. Holding certain levels of LP tokens will effect certain NFTs.
How do I get some Snake Oil Bucks $SOB?
Since May 3, 2022, Snake Oil Club NFT holders have recieved regular crypto drops of Snake Oil Bucks ($SOB) crypto. There are also a few ways to upgrade your Snake Oil Club NFT by burning other NFTs or by burning SOCs to create a Bespoke SOC (still part of the same SOC collection, just an upgraded version of the holders original NFT). One Burn Level One Snake Oil Club NFT earns 7 $SOB per week. One Burn Level One SOC Bespoke NFT earns 49 $SOB per week (7 + 42). The Burn Leveled SOCs earn $SOB in the following manner
SOC Burn Levels:
(0) — 0 $SOB
(1–49) — +2 $SOB
(50–99) — +5 $SOB
(100–999) — +7 $SOB
(1000–4,999) — +10 $SOB
(5,000–9,999) — +13 $SOB
(10,000) — +21 $SOB
10,000 Normal = 28 $SOB
10,000 Bespoke = 70 $SOB
What next?
Coming next for Snake Oil Club and Snake Oil Bucks is the SOB Early Adopter NFT mint, a limited edition dynamic NFT (all mint proceeds going to SOB/AVAX LP pool) coming the last week of September 2022 mintable with 100 $SOB/AVAX LP tokens or 1 AVAX, the Q4 SOC mint, the official Snake Oil Club website which will take $SOB for auctions (several auctions have been run in trial for the past few months), SOC Shrimp Co. (our babies are now 4 months old), SOC Music (3 Artists lined up for music NFT launches), SOC Games, and many other great ecosystem additions that will take $SOB and $SOB/AVAX LP token!
❤🐍🛢
