Everything you need to know about Y00ts NFT Mint
The y00ts NFT collection is catching attention for all the right reasons, except for one, which is the embossing process. y00t’s NFT coin has faced so many obstacles just before the final launch, but the enthusiasm for the collection is unbeatable.
In this article we will cover the latest developments in the embossing process y00t’s NFT collection, what happens to y00tlist and t00bs NFT. If you’re one of those who missed out on what’s happened so far and how y00t’s mint took place, read on to find out more!
The original y00ts Mint timeline
The minting process for y00ts was originally scheduled for September 4 at 2 p.m. PST. y00ts is the collection of 15,000 NFTs that are supposedly unlocked through burning t00bs which are priced at $375 DUST each.
To know everything about how to make t00bs and eventually coin y00ts, you need to keep track of the following processes.
Y00tlist and DAO Pool Mint process
Since its inception, the minting has been sufficiently complicated because it allowed members of a unique whitelist known as the “y00tlist scholarship” to participate. The team behind y00ts sought to curate an NFT community with a transparent approach where anyone can access a public VIP list. Everyone on that list was guaranteed a y00t list spot.
It has a separate Twitter page to track how many people are on the list of accepted scholarship applicants. Tweets from y00tlist account regularly update who has been added to the y00t list.
Approved applicants would mint a t00b which is a secondary NFT collection created to provide entry into the y00t ecosystem. Each t00b was priced at $375 DUST.
In the event that the applicant failed to mark between 4 September at 2pm PST until September 5th at 9:00 AM PST, the location would be lost. Also, mint stains are not transferable.
On the other hand, rejected applicants were to draw the lottery in 100 years. This was only for the rejected applicants with $DUST.
1 $DUST = 1 ticket with a maximum of 375 tickets per wallet. The trial was also scheduled for September 4. If it just happened as planned, the winners would have dropped the NFT without paying any $DUST.
Applicants on the waiting list should also reserve remaining places from non-attendance on 5 September at 9 PST. However, nothing happened as planned, and even the whitelisted (y00tlist) applicants’ minting process did not begin as originally planned after suffering from a “blocking error” in the software.
The Y00ts coin, originally scheduled for September 4 at 2pm PST for accepted y00tlist applicants, finally took place last night and the numbers for the mint are astounding.
In less than 24 hours, the hyped y00ts project fetched over 190 thousand SOL in volume, roughly 6.1 million.
With this, the y00ts NFT collection has secured the top spot on the volume charts at OpenSea with a floor price of 160 SOL ($4,900). Interestingly, the y00ts volume in 24 hours is more than the entire BAYC volume in the last seven days.
The statistics further confirm the project’s popularity and demand in the NFT community. That too, without even revealing y00ts NFT. Due to many delays, the waitlisted y00ts fans are still struggling to make their NFTs. The y00ts team also announced that waitlisted y00ts fans will get 24 hours of heads up later.
Note that the whitelist is different from the waiting list. Due to confusion surrounding coinage, some even complained that the process is long and difficult. On the other hand, various community members found it smooth.
The collection founder who goes by the name Sincere on Twitter said: “Actually minting has never been our forte, minting has always just been a vehicle to get there.”
How to make t00bs NFT?
The y00ts coiners must first create mysterious “t00bs” NFTs to later claim y00ts NFTs. t00bs resembles a sphere with a multicolored ringed planet-like object spinning in it.
The previous launch schedule suggested that the t00bs reveal would take place on September 9th. However, it may now be postponed in view of the project’s previous delays.
If you are on the waiting list, you still have a chance to mint one t00bs by spending 375 $DUST. The unminted t00bs NFTs will open to waiting lists once the y00tlist 19 hours are complete. The embossing will be based on a first-come, first-served process. Remember that you can only mint a maximum of 1 t00b per wallet.
As mentioned above, t00b NFTs will be burned in exchange for unique y00ts NFTs. Currently, the cheapest t00bs trade for 160 SOL ($4,960) on OpenSea and 138 SOL ($4,278) on Magic Eden. It appears to be among the most traded collections on OpenSea in the last 24 hours, at the time of writing.
DeadGods: y00ts Mint
All DeadGods were able to mint a ‘y00ts: mint t00b’ as of September 4th at 14 PST to whenever they want. But starting September 9th, the price to mint a ‘y00ts: mint t00b’ will increase to $500 DUST. This price will continue to increase by 0.8325 $DUST per day, until the emissions of $DUST cease.
From September 16th onwards, only DeadsGods who have claimed y00ts will be able to stake both $DUST and additional time-based rewards.
As the y00tlist applicants suffered a delay in the minting process, the timeline remains questionable to stick to. Still, y00ts fans definitely have something to look forward to, which we’ll discuss in the next section.
Post-mint plans for y00ts:
One hour after the sale, t00bs will be frozen until the y00tlist coin ends. The y00ts team will then live stream a 1-hour countdown timer. After the countdown is over, secondary trading will begin. There will also be special announcements to get holders excited between September 5th and September 9th.
On September 9, the most anticipated y00ts reveal would take place. The t00b holders will then be able to burn t00b to create a verifiable random y00t on the official website. Holders can hold t00b and burn it at any time in the future to mint a y00t NFT.
Conclusion:
If we look at the sales volume, y00ts NFT collection coin has been a huge success. However, there have been a few speed bumps along the way, but y00ts fans stick around to create their own NFTs anyway.
It would be interesting to see how y00t’s NFT collection moves forward and adapts to maintain the hype in the NFT space.
