On Friday, June 11th, $Husky Avax closed the payments for the acquisition of the $Husky hooded sweatshirt, the first to be collateralized with a native NFT on the Avalanche X-Chain. 30 people have made their payments in $Husky to the marketing fund, which was specially created with the support of the community.
What’s happening now?
Production of the hoodies will begin shortly. They will be made with high-quality material and will receive GOTS, OEKO-TEX Standard 100, and FAIR WEAR certification. On the label of each hoodie will be the number that corresponds to your place on the waiting list and a QR Code that is linked to your NFT.
What are the tokenomics and how will the profits be managed?
Each hoodie was sold at the price of 14,899,900,000 $Husky; approximatively $100 at the start of the sale. The cost of production is around $30 per hoodie. We will be selling OTC the necessary amount of $Husky needed to pay for the production costs, which equates to 4,466,970,000 $Husky per hoodie.
Here is the corresponding calculation:
30 x 14,899,900,000 x 0,3 = 134,009,100,000 $HUSKY to trade against 30 x 30 = 900$
Tx number: 0xd60c2d11aa38beb5bc4bd7f394d805767fe3575f6d7f6aa98855e124325e4539
After production costs, we have 302,585,370,000 $Husky remaining that will be split in accordance with what was decided by the community:
-50% in LP: 78,653,328,227.623 $Husky and the equivalent amount in AVAX (24AVAX) will be added to the liquidity pool. Liquidity will be provided on the Pangolin platform and the PGL will be sent to the dead address.
tx number 0x28044fae4fe7cf4c1bdb4f8e4790ea4b13968bb36080dd1b9912fcc58d40194b
-50%: 156,492,685,000 $Husky will remain in the marketing fund to pay for the functional costs of marketing and development.
The OTC sale will be executed by Paps, the community member in charge of the merchandising fund. Any questions you may have can be sent to him on Telegram, @Papssssss.
