The Herd | Everything You Need To Know
MEET THE HERD
NFTs with beautiful artwork are nice and all, but how about one that increases your chances of winning a billion dollars? Enter The Herd — 40,000 algorithmically generated, unique goat NFTs that make $CHEESE and increase your odds of winning The Drop.
Some Background — What’s The Drop?
A lottery style game, all on chain with a provably random draw system and prize wallets up to $1bn.
- Draw system that uses Chainlink VRF (Verifiable Random Function) to fairly and transparently select winners.
- Prize wallets that are funded and fully backed through ticket sales — no subsidizing through NFTs or any other funny business (only puns).
- A flat 20% administration fee is added to ticket sales that covers all of the operational costs.
- A single guaranteed winner for every drop. Winner takes all!
- On chain, giving full transparency and an audit trail of all winners and prize distributions in perpetuity.
Your BilliDrop account features a custodial wallet that enables you to purchase tickets using a variety of onramps determined by geographic location. This facilitates the use of fiat, common cryptocurrencies, and other payment methods depending on local regulations.
Players exchange native BilliDrop tickets for entries into a prize draw. The value of each ticket is $1USD, currently represented in the stablecoin USDC. Draws have pre-defined prize targets, ranging from $1,000 to $1,000,000,000. The exchange of each ticket deposits the 1USDC value into the prize wallet.
The trigger for the end of the game is when the balance of the prize wallet reaches the prize target, a random winner is selected who then claims and receives the entire wallet balance.
Entrants can watch games fill in real-time and have complete visibility as to how and where prize money is awarded. Winners receive the full balance of the prize wallet in stablecoin and distribution is public and visible to anyone.
BilliDrop charges a 20% administration fee for ticket purchases. Therefore, each ticket valued at $1 costs the equivalent of $1.20.
NFT Utility
Each of The Herd NFTs has the ability to act as a multiplier when tickets are exchanged for entries in The Drop. Initial multipliers vary depending on the Tranche and rarity level. NFT holders can also grow their goat by staking it at the Goat Farm, an exclusive pasture where holders can feed their goats to increase their entry multipliers for The Drop and produce $CHEESE — a native token used for purchases, wagers, and other games within the BilliDrop ecosystem.
Here’s an example of how multipliers work:
- A player holds an NFT that has a 2x multiplier
- The player purchases 10 tickets
- The player exchanges 10 tickets for entries into The Drop
- Once the exchange is complete, the number of entries received is the number of tickets multiplied by rate on the NFT (in this example, they are multiplied x 2)
- The player receives 20 total entries into The Drop
Note: There will be a purchase cap for entries that use NFT multipliers to prevent a single player from “gaming” The Drop.
Supply & Tranche Details
NFT Tranche 1
- Supply | 10K
- “Nannies”
- Mint Date | July 30, 2022
- Premium 3D Art
- Baked In Multiplier
- Starting at 0.333 ETH
- Emits $CHEESE
- Ability to “grow” multiplier
NFT Tranche 2
- Supply | 20K
- “Kids”
- Mint Expected October 2022
- Cartoon Style 2D Art
- NO initial multiplier
- Emits $CHEESE
- Ability to “grow” multiplier
NFT Tranche 3
- Supply | 10K
- “Bucks”
- Mint Expected December 2022
- Premium 3D Art
- Baked In Multiplier
- Emits $CHEESE
- Ability to “grow” multiplier
No other goats (NFTs) to be minted by BilliDrop ever.
The only way to mint new NFTs will be to have a Tranche 1 (Nannie) & Tranche 3 (Buck) NFT and book a room at the Goatel to mint a Tranche 2 (Kid).
More details on The Drop, The Herd and the rest of the BilliDrop Ecosystem are on the way. Be the first to know about new updates, Join our Discord and follow us on Twitter.
