Money Monkeys are now closing in on 1 year since its launch! Although mints have been a struggle, we’re pleased with the value we’ve been able to provide our community. We see it now fit to provide some very important updates on the project, along with information on the culture we plan to instill here within the Money Monkeys community
Monkey mints have officially been closed. Thank you to all of those who chose to join Main Street & our Money Monkeys NFT community! We’re looking forward to continuing to build and provide value back to you guys. Here’s some statistics on the current value of your Monkeys
Our Banana Bag currently holds approximately 95,000 $BANANA and 54,000 $GNANA for a total of $12,000 at current prices. This dollar amount essentially backs each NFTs value; If Money Monkeys would dissolve today, the Banana Bag would be split amongst the total supply. Monthly $MAINST rewards are merely a boost to this underlying value while giving holders a stake within Main Street.
We believe Apeswap has made some solid moves to position $BANANA for long term success with the implementation of their hard cap and other recently introduced concepts. As $BANANA’s value continues to increase, here’s how Money Monkeys underlying value will follow…
Ideas of splitting the entire bag when it reachs a certain dollar amount have been thrown around. An example of this would be if the Banana Bag reaches $500k, then it would be converted to $MAINST and dispersed evenly to all Monkeys. This concept could also be done in a vested manner (xx% at $200k, xx% $300k), or not at all. These are just ideas we have been discussing as a team, and would love to hear our community's input.
We highly encourage you to use OpenSea when listing to a secondary market, as we will be using the platform as our official secondary marketplace. Secondary Sales & Marketplace listings will be key to retaining and building value for ourselves. Royalties will be added to the Banana Bag or used to deflate supply, in order to continue to build the underlying value of our Monkeys
Sneak peeks of the V2 Art have been released periodically. The goal of the new art is to bring some new energy to the project, while also helping create more value for holders. Therefore we’re really in no rush to release it. Currently we are looking at ways to implement a deflationary supply concept that provides holders different options in terms of which art they prefer.
Here’s a concept implemented by SFTD with the deflationary mechanism combined with the customization element were looking for
As those who are active within the community know, MainStreet.Finance’s very own WenAirDrop recently launched IHeartDomains, a brokerage/registrar service for Web3 domains. He’s graciously provided a free personalized domain to all Money Monkey VIP holders! Make sure to claim your customized domain by submitting a ticket in our MainStreet.Finance Discord
With down markets and the holiday season now in full swing, we understand that it may be hard to keep up on crypto and the different projects one may be involved in. Main Street will be releasing an overall update on the status of MainStreet.Finance and its future outlook somewhere near the beginning of the new year. Enjoy your holiday season and hope everyone is well!