MintPass #1: Burn or Hold
Last updated
Last updated
MintPass #1 is the ticket to getting an Inhabitants Identity. Pixel Vault has given holders 2 choices:
burn the MintPass and receive a Generative; or
hold onto it for the chance of winning one of 144 Cores, which are raffled out in groups of 12
At first glance, it seems obvious that you should test your luck for a Core. However, PV doesn’t make it that easy. There have been a lot of benefits to holding a Generative:
1 free Planet DAO token; dependent on the planetary origin of the Generative, which is randomly assigned at mint
2 free MintPass #2 (1 for holding the Identity, and 1 for holding the free Planet)
the option to stake for $POW, the in-game currency of the Inhabitants ecosystem. 20% of the 1 billion $POW tokens was set aside for those staking their Inhabitants Identities
eligibility to mint and participate in raffles as part of
it's part of the
Just as with PUNKS Comic #1, PV forces collectors to make decisions based on their preferences and risk appetite, e.g.
do you burn your MintPass to see if you’ll get a rare Generative, and the chance to claim a rarer planet?
do you want the guaranteed benefits of having a Generative, or do you give those up for the chance at winning a Core?
do you want to participate in POWer Up Summer to build your supply of Gear Pods and get the chance to win the MintPass #2 raffles?
do you want to have a Genesis Set, and the potential perks that may come from it, or do you prefer the guaranteed rewards from having a Generative?
and the game theory element - if more people are burning their MintPass #1, the odds of winning a Core increase, so do you continue to hold?
There is no expiry date for when MintPass #1 can be burned for a Generative, so this game has been ongoing since since August 2021. It’s hard to know if/when it’ll end given the chance of winning a Core, and the potential rewards for holding a Genesis Set.
The final Core raffle was completed on 21 Oct 2022.