Carlini on the First Two Months of Purrnelope’s Country Club

Just some purrnelope’s cats hanging out on San Francisco’s Clarion Alley.

On September 19, 2021, Carlini did a Twitter Spaces to talk about the first two months of Purrnelope’s Country Club and upcoming plans for airdrops, a staking token, and more. The full audio is posted here. Here are some highlights. If you have corrections to any of this, please contact me.

• Kitty Bank: It has grown to approximately 775 eth, which is almost the entire value of the initial 800 eth sale.
• Community wallet: initially had 200 eth, which the cats voted to put into the kitty bank. Since then, the community wallet has accumulated another 26.7 eth from secondary sales fees. The cats will soon be voting on what to do with that 26.7 eth.
• Charity donation: The cats will also be voting on a 40 eth charity donation. Carlini prefers donating to an on-chain charity, but it is up to the cats to vote. Carlini is trying to give $PURR holders a full vote, but that is TBD.
• Full-time dev: Purrnelopes is hiring Hodl, the dev who wrote the Purrnelopes contract, to join the team full time to build out Carlini’s crazy ideas.
• Pool consolidation: The cats in the NFT20 pool will be consolidated into the NFTX pool. Anyone who already owns a fraction of an NFT20 pool will be “topped up” so that they can get a cat out of the pool. (But don’t try to sneak in to buy NFT20 tokens now, because Carlini will rug you!) If you are the person who owns a tiny fraction of an NFT20 share, contact Carlini and he will make you whole.
• Staking token: Carlini and team are planning a token, tentatively called $CATNIP! They’ve designed about 60% of the functionally, still working on the rest and studying examples from other projects. He wants to avoid issues where people have been rekted by collapses in staking token prices, often caused by a lack of liquidity. The Kitty Bank provides potential utility for the staking token. That won’t be the entire use of the token, but will be a big part of it.
• Monthly Airdrops: Between September and April 2021, each cat will receive monthly airdrops that contain a part of the Kitty Bank. Kitty Bank will be fractionalized into 100,000 pieces. The team keeps 10,000, which will initially provide liquidity to the pool. The remaining 90,000 pieces are split into nine 10K chunks. Each of the 10,000 cats is worth one token, and each of the monthly airdrops is worth an additional token. So at the end of April 2021, each cat will receive shares worth 9/100,000ths of the Kitty Bank. If someone burns a cat that is still due to receive future airdrops, those tokens will go to the team. Once others provide enough liquidity, Carlini hopes to use the team tokens to benefit the community. His goal is to transition the Kitty Bank to be entirely owned by the community. The airdrops will all be ERC-1155 tokens. If future airdrops will function best as ERC-721 tokens, you will be able to exchange them. (Differences between ERC-721 and ERC-1155 tokens.)
• September airdrop: This is not a companion. It is a Collection Log, a working name completely stolen from old school RuneScape. Collection log is sometimes called a sticker bank. It keeps track of what you own in the game. Carlini is imagining rankings and rewards for completing the collection log.
• Two companion airdrops: Two of the monthly airdrops will be companions. The first companion is a kitten. “We have seen the kittens and they are insanely cute.” Carlini is keeping the second companion under wraps. He thinks it’s quite funny. The September airdrop is not one of these companions.
• The complete flex: Collect ten of the September Main Line monthly airdrops and redeem them in exchange for a hoodie. Carlini does not advise doing this if your goal is purely financial profit. The complete flex is made to be similar to unisocks. The hoodie will be permanently linked to its own NFT. The NFT can’t be sent, it has to be pulled. Whoever has the physical hoodie will be able to scan a code and pull the NFT. The NFT attached to the hoodie will be wearable in Decentraland.
• Diamond Hand and Ambassador airdrops: These have no additional utility. They are just NFTs. The ambassador airdrop is designed by Bananakin, an artist Carlini worked with on NFT Boxes. It will be an ERC-721 token showing a video of a cat changing its profile pic? The diamond hand airdrop is designed by 1rregularCharlie, who designed the cats .There will be future ambassador and diamond hand airdrops with surprise snapshots.
• Other thoughts: Carlini wants to hire additional staff. Looking at ways to incentivize PURR staking to free up the company PURR to use for hiring. He is considering selling some share of ownership of the Purrnelope’s company to give raises to staff. Carlini gets contacted about 15 times a day from other projects wanting to team up. Some of them look promising, but the reason he hasn’t tweeted about any is because he doesn’t want to break the seal and have to tweet about more. He assumes he will work with the cream of the crop, but narrowing them down is tricky.
• Who knows what the next eight months will bring. We may have an NFT as president.