As far as LOFI-DEFI is concerned there’s plenty to be excited about
🚨REGARD LOFI KITTIES🚨
LOFI-DEFI was working with LofiKitties in order to make a NFT collection that would be used in conjunction with a play to earn game in which you would be able to earn LOFI tokens. Our lead developer worked on the project in order to make the randomization script, smart contract and the website. We also participated in the marketing and community building for LofiKitties including some of our moderators and admins.
Unfortunately the launch experienced technical difficulties which lead to multiple people getting failed transactions when they tried to mint 5 kitties from the website which lead to lost funds from gas. The whitelist that had been curated ended up not functioning like it was supposed to, some of the people that were whitelisted couldn’t mint and some people that claimed they weren’t whitelisted could mint directly from the contract. After about a hour, they decided to just open it up to the public to make it as fair as possible for everyone. On top of this some of the kitties that were supposed to be unique ended up having duplicates. The time frame was rushed and the end product as a result wasn’t perfect. That being said, the NFT collection was launched and sold out in about 10 minutes after going public.
The reception during and after the launch was toxic to put it mildly. God bless Larienne, she’s an artist not an executive or a PR specialist or a hostage negotiator. People having been saying just awful terrible things to her and ya know.. It’s a lot for anybody to handle. The price floor has been consistently falling and the feedback she’s been getting has just been so awful that she ultimately decided to just pull the plug on it.
While personally this isn’t the course of action I would have taken, I’m not in the position to tell her what to do. LOFI-DEFI (myself) received about 4.5% of the Kitties sale (much less than I negotiated if I’m being honest) for the work we did leading up to their launch including marketing, hosting, community creation and curation, lending development assets and our name/reputation. I’ve been using that money for the marketing we’ve been doing (dex tools trending, CMS trending, twitter trending, etc) and to pay for operational expenses.
After the sale though, Lari and I spoke and she decided that she wanted to move forward with her own resources after the debacle of the launch, so I let her (not that I had a choice in the matter). Obviously we’ve been giving regular updates here in our Telegram group and socials but as far as operationally, I’ve been in the dark since after the launch. Any notions that LOFI-DEFI had anything to do with what just happened with Kitties are misguided, it took us by just as much surprise as anybody else. Honestly I’m still trying to figure out what’s going to happen just like you all.
I can tell you with certainty what will apply to us: We’re not going anywhere. We’ve faced tough questions, challenging situations and all kinds of trials before and this is no different. What I can say is that I’m here, my team is here, our community is here. This is my life and I’m accountable to you all, I’ll do my best to provide answers and insight to you as best I can.
As far as LOFI-DEFI is concerned there’s plenty to be excited about, we have another live AMA on Youtube tomorrow where I’ll go over all of our plans in detail and give you a preview of some of the things we’ve been working on so you can get an idea of what’s coming down the pipe in the next couple weeks. Making good, albeit methodical, progress.
Thanks for your understanding.
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