What is Space Pugs?
Space Pugs is an NFT project comprising three collections: Space Pugs Alpha (SPA), Space Pugs Poker Club (SPPC) and Space Pugs Vox (SPV). Space Pugs Alpha is a group of 7777 randomly created pugs that live on the blockchain Cardano. This alpha project is the first of many Pug related projects to emerge. 5000 Space Pugs Alphas were minted, and Pug holders received a free airdrop of 2500 pugs. The team kept 277 Pugs for partnerships, marketing and giveaways.
Staking, minting, trading and holding other NFTs that generate passive income will provide passive income for all three collections. Passive Income will be paid to SPA and SPV holders who meet the minimum requirements each month. This minimum requirement is currently fixed at 25 NFTs, but may change as the project progresses. Royalties received from secondary market sales for the SPPC collection will be paid in full to SPPC holders.
What are the benefits of the Space Pugs alpha key?
- Passive Income – Holders of 25 or more Space Pug Alpha NFTs will earn passive income through the Pug Intel Division.
- Staking – SPA holders will be able to stake their NFTs on the Mutant Dao platform and receive Pug Chips to use on the Poker Platform.
- Role Benefits – SPA holders will receive Discord roles and privileges such as private channels, NFT giveaways and competitions for having special features.
- Genesis Whitelist – Owning a Space Pug NFT grants holders access to Poker Club, Vox Pugs and future drops.
What are Vox Pugs?
Space Pugs Vox is a collection of 7.777 algorithmically generated voxel-style NFTs. SPV minting will result in a large pile of ADA being placed in a “war chest” for CNFT investment purposes, with the aim of producing passive income for SPA and SPV collection holders.
When the Poker Club starts to be minted, a portion of the profits will go towards building a War Chest. The Pug Intelligence Division will mine War Chest for revenue (PID). PID is a large group of cryptocurrency and NFT analysts who collaborate to generate revenue for holders. The Space Pugs team will determine the value of the wallet at the end of each month.
For example, the wallet is worth 280k Ada and the NFTs are worth 45k. The profit would be $25.000, which would be divided among the qualifying holders. If the initiative does not generate a profit of $25.000, the shortfall will be reimbursed by the portfolio. The minimum profit they will pay holders each month will be $25.000. Profit will be capped at $50.000. The team will assess how this works and consider increasing the limit as needed. If they don’t make a profit, they will pay holders $25.000 out of their pockets.
Space Pugs Poker Club
Along with 15 additional CNFT projects, the Space Pugs Poker Club is a new NFT initiative with 7.777 members. Each starting poker hand will be treated as a member of the Space Pugs Poker platform. Cardano Cards Club, a project founded by Hews, was acquired by Space Pugs. The team discovered this initiative and realized its enormous potential, so they contacted Hews. After much deliberation, they decided to establish the Space Pugs Poker Club.
Poker platform
Space Pugs crew members are hard at work developing their platform. This promises to be the most exciting mint in the life of an NFT collector who plays poker. Imagine coining pocket aces or pocket kings from your favorite draft, or even 72, as the weakest poker hand also needs utility.
Poker Club NFT
Poker Club NFT will serve as a member of the poker platform. Proceeds from secondary market transactions will be distributed monthly to qualified holders.
- Poker Entry – Pug Poker chips will be used to buy entries into all poker games available on the platform.
- Tournament Prizes – A piece of mint will be used to make a wallet. This wallet will be staked to earn Ada passively and expand by buying and selling NFTs profitably. The wallet will be used to fund big poker tournament prizes. In addition, payment will be in Pug Poker Chips.
- Full Hands – Full Hands must be created using the same project. A Full Hand is made up of two or three merged starting hands; a holder requires three starting hands to make a Straight, Flush, Full House, Straight Flush or Royal Flush. Full Houses can be made with any two pairs plus one more card to form a set, or with any two starting hands with the same face values plus one more card to form a set. When building Full Hands, standard poker rules apply.
Bottom Line
Space Pugs is a collection of 7.777 NFTs on the cardano blockchain and profiting from these NFTs can be difficult. However, the Pug Intelligence Division’s excellent team of project analysts makes things easy. In addition, they will monitor all initiatives and opportunities.
