Frog Frens

Backstory

LOG 2129 — IT’S OVER...

No longer human. No longer frog. An experiment that was meant to create new life, taking on a complete life of its own.

The simple DNA of a frog fused with our own. It was meant to be humanity’s next big leap. Not this… whatever this is…

Miles under the darkest corner of the city, one power outage was all it took. The frogs took hold of their degenerative hosts, spilling out of their spawn chambers. Spitting a new species into the sewers.

They survived down there for a while. Navigating the dark. Exploring their new consciousness. But why lurk in the dark when you can live in the light?

One-by-one, they leaked into the city. They got used to the rhythm. Found their own style. Got to grips with the local tongue. A few got jobs. Settled down. One’s a lifeguard. One works on the meat counter at Dino’s deli. They’re part of the place now, and it doesn’t look like they’re going anywhere fast.

Mint Details

Minting will be available from the Frog Frens website https://frogfrens.co using our minting form on the day of minting. Please see Minting FAQ for more details on the process.

Mint Income Allocation

The mint income will be allocated as follows:

• 55% Community Farming - This will be invested into High-Yield protocols and stored in the Community Gnosis Safe. See the Rewards page for examples of the investments.

• 15% Team - To cover the team's initial expenses as well as pay for a KYC provider (e.g RugDoc).

• 15% Roadmap Development - Fund the future development of the roadmap, operational costs, securing partnerships/marketing, and merchandise store.

• 15% Giveaways and Prizes - This will fund the project's giveaways, as well as reward the minters of our "Top Secret" NFTs in the collection. See Mint Prizes for more details.

Rarity

The frogs are part of the community now, but they’re all unique.

Some blend in, some stand out. Some you’ll bump into every other day. Some you’ll see once in a blue moon. To keep track of them, we place every

Fren on a 6-tier scale, depending on how rare they are:

Tiers

1.Common

2.Uncommon

3.Rare

4.Hypebeast

5.Legendary

6.God

Traits

Frens will have 168 unique traits built up across 7 layers:

Layers

1.Background

2.Skin

3.Mouth

4.Hat

5.Eyes

6.Clothes

7.Accessories

Distributed Royalties

The contract will be set to take 3% royalties of all secondary sales, as per the community vote result.

These royalties will be sent to the Community Rewards contract. This contract will be configured to distribute the royalties as follows:

• Community: 100%

• Team: 0%

The rewards will be evenly distributed between all 3,333 NFTs.

Holders will be able to claim their share of the rewards via the "My Frens" page on our webiste anytime they choose.

All rewards will be paid in Wrapped AVAX (WAVAX).

SPAWN Token

$SPAWN is an ERC-20 token with a max supply of 500,000,000.

The supply is hard-capped and there is no ability to mint/increase the supply in the contract.

Both $SPAWN & Staking contract will launch post-mint to ensure the Dev Team has the sufficient time required to properly focus and test this feature thoroughly, as to ensure the most value to our community.

Burn/Fees

• $SPAWN is a deflationary token by design, as a result, it will apply the following fees during each transaction: 10% Burn - Will go to 0x000000000000000000000000000000000000dead.

• 5% Transaction - Will go to the Community Gnosis Safe to be used at a later date.

Staking Emissions

The tokenomics of $SPAWN are set to pay inflation to the staking class.

This inflation occurs at a rate of 48 $SPAWN per day (2 per hour) for each NFT staked.

The emissions will continue for a minimum of 3.8 years (if every NFT was staked 100% of the time), so it will likely last a lot longer than this. At this point, $SPAWN becomes a truly deflationary token.

Supply Distribution

We will distribute $SPAWN as follows:

• 75% NFT Staking Rewards - This will reside in the Staking contract and be used to pay the staking emissions as per Staking Emissions.

• 20% Liquidity Reserves - If the community decides that they would like to give a monetary value to $SPAWN and trade their earned tokens. This allocation will then be used to create the initial SPAWN/AVAX Liquidity Pool (LP). The AVAX to create this LP would come from the treasury and would be time-locked accordingly with a relevant provider.

• 5% Team - Team allocation.

Token Utility

$SPAWN utility is as follows:

• Breeding - Ability to burn $SPAWN in return for an NFT from future collections, which in turn reduces the circulating supply of $SPAWN.

• Trading - If a Liquidity Pool is created, then users will be able to buy/sell tokens on Trader Joe for monetary value.

• Merch Store Discount - $SPAWN can be burned in return for a discount in the store.

• Exclusive Access - Holders of more than (?) $SPAWN will gain access to exclusive Discord channels.

• Raffles - $SPAWN can be exchanged for raffle tickets which will give holders a chance to win some amazing prizes. More tickets you have, the higher chance of winning!