Hello everyone, once again we appreciate all the community members that have purchased one or more Sipher NEKOs, whether via the Public Sale or the Private Sale.
As stated in our Discord, we were able to meet all objectives of our Dutch Auction. However, there were some areas where we could have improved on, such as the length of the last price point (0.1 ETH). Unfortunately there were a number of pending transactions during this final price point given the large amount of participants trying to purchase NEKOs at the same time. This resulted in a certain amount of NEKOs being un-minted.
We feel like it would be most fair to give back to the community and NOT allocate all the un-minted NEKOs for selling to the guilds. As such, we will run a SECOND DUTCH AUCTION due to the fact that there were quite a number of transactions that were not processed on time by the blockchain, and also since we've noticed an increasing number of individuals that are still joining the Discord and asking if they can mint. You can find further details below:
Total NEKOs to available for purchase on the Second Dutch Auction: 1,945
The initial number of un-minted NEKOs from the original Dutch Auction was around 1,760 NEKOs.
There were 808 NEKOs allocated to be sold to guilds, with a significant portion of these being allocated directly from the Sipher Team's Treasury Wallet, and a smaller portion being allocated from the un-minted NEKOs from the Dutch Auction.
After taking into consideration the un-minted private sale slots and an estimate of un-minted Guildmaster Tier 2 & 3 free mints, we also decided to add around 200 into the pool for the Second Dutch Auction. This leaves us with a total of 1,945 NEKOs un-minted NEKOs.
How will this Second Dutch Auction work?
The Guildmaster Tier 2 & 3 Free Mint window will begin right after this Second Dutch Auction sale is completed.
*Updated Start Time November 8, 2021 9:00 PM. End Time November 9, 2021 9:00 PM. **Updated Guildmaster Tier 2 & 3 Free Mint duration: 24 hours.
Additionally, the reveal of all NEKOs will occur on November 9, 2021 9:00 PM.***