MBBT Deep Dive

The purpose of the Meebits Album is to increase the number of people who have proxy ownership of Meebits.

There are now 92 Meebits in the Album.

The Background:

• Our vision is to scale NFTs for the Metaverse. We’re doing this by fractionalizing a pool of Meebits.
• A group of Meebits holders ($MBBT founders) contributed 20 Meebits to the MeebitsDAO Pool (Meebits Album). These founders received 50K $MBBT tokens.
• We sold an additional 50K $MBBT tokens at the price of .005 ETH. We then used the proceeds from the sale to purchase 72 additional Meebits which have been added to the Meebits Album.
• The Meebits Album currently contains 92 Meebits of varying rarity.

Roadmap:

1. The Great Meebits Giveaway: Over the past five weeks, we’ve given away five Meebits to lucky $MBBT holders. Congratulations to the following winners: Dec 21st: @fange521 // Dec 27th: @eddie05023170 // Jan 3rd: @VRPunk1 // Jan 10th: @0xDarr3n // Jan 17th: @peppergum_
2. MeebitsDAO General Membership: Anyone who purchased 10 $MBBT prior to 27 November 2021, 11am PST / 2pm EST / 19.00 GMT will be able to claim a MeebitsDAO General Membership token, as announced here. (For reciprocity, anyone who purchased a General Membership prior to this date was airdropped 10 $MBBT tokens.) We are launching a collection of General Membership tokens specifically for MBBT holders so that you can claim the NFT for free (+ gas). This new collection of General Membership tokens will have the same benefits as the original General Membership tokens. Stay tuned for the claim site to go live. UPDATE [2/3/22]: MBBT holders can now mint your General Membership token here.
3. MVOX Governance Tokens: General Members can claim 1 $mVOX (ERC-20) token each month. These Polygon-based tokens can be delegated to a MeebitsDAO founder to increase the founder’s voting power. Essentially, you’re choosing a founder as your representative in the DAO. The voting members will determine how to spend the DAO treasury funds — specifically on what projects to fund as we strive to build an open, interoperable metaverse where Meebits can thrive. The ability for General Members to claim and delegate MVOX tokens is now active (and stay tuned for a more detailed blog post on this topic).
4. Increased Liquidity: We encourage MBBT holders to become liquidity providers to increase the amount of ETH available in the MBBT/ETH liquidity pool. Alternatively, if such a proposal is submitted and approved, the Meebits Album could sell one or more Meebits and become a liquidity provider. We hope that this will increase the long-term confidence in MBBT.
5. Meebits Album Governance: The Meebits Album is a DAO unto itself, meaning that all MBBT holders have the ability to submit proposals to be voted on by the community. The SZNS team is improving the user experience such that soon you will easily be able to suggest selling one of the NFTs in the album and distributing the sale proceeds to the members.
6. Activating Proxy Ownership: Our long-term vision is that anyone who holds 10 $MBBT or more will be able to access the Meebits in the Meebits Album in the metaverse, thus activating their proxy ownership of these Meebits. This is complicated because, unlike traditional NFT ownership, MBBT holders don’t have the Meebits in their wallets. We hope to partner and fund development projects that help to realize this potential vision.

Thanks to everyone who has purchased $MBBT tokens, participated in our weekly Twitter Spaces, become a General Member of the MeebitsDAO, or is active on our Discord! We are very excited about 2022 and all of the projects in the pipeline!