What are The Crunks?

They are:

from: https://thecrunks.io/

Simply put, they are a collection of 10,000 8bit generative art NFTs on the Terra Blockchain. An amazing collection of pixelated characters with many different traits/attributes/combinations.

View the collection on RandomEarth: https://randomearth.io/

More about The Crunks story here: https://thecrunks.io/blog/the-crunks-story

Let’s talk about how the mint was supposed to go, and then how it actually went.

The Crunks Mint Plan

Start Date/Time: Saturday, October 23rd at 12pm EST (16:00 UTC)

Total Mints: 10,000

Mint Price: 3 Luna or Equivalent UST

Limit Per Wallet:

• Airdrop

  • 100 Crunks were airdropped to a total of 10 unique addresses. 50 Crunks were designated for the team, while the other 50 are intended to be distributed back to the community via giveaways, competitions, etc. These competitions have already begun - so be sure to keep an eye on their Discord and Twitter!

• Community Whitelist (OG) (12pm EST)

  • This group was allowed to mint x2 Crunks for each wallet whitelisted.

• Public Whitelist (Chill G) (2pm EST)

  • This group was allowed to mint x1 Crunk for each wallet whitelisted.

  • This was later raised to x2 during the minting process.

• Public Sale (4pm EST)

  • The Public Sale was exactly that - open to the public! Anybody with a Terra wallet and 3 Luna (+fees) could mint one. But you were free to mint up to x100 Crunks during the public sale if you wanted!

The per-wallet limits were potentially circumvented via multiple wallets. Although the moderator team did an extraordinary job reviewing the whitelist applications to ignore the bots, airdrop hunters, etc - some people go to great lengths to beat the system. The Crunks made it to the public sale, so it wasn’t a problem for this mint. Anybody was free to mint, first come first serve!

Minting Results

So now that we know how the mint was supposed to go, let’s find out what actually happened.

The start time was 16:00 UTC.

• When did it actually start?

• When did it end?

• How long did the sale last?

Let’s break it down by sections first.

Airdrop Minting

The airdrop minted 100 Crunks prior to any whitelist sales.

It occurred in one transaction at exactly 2:56:14 UTC - Just over 13 hours prior to the public launch!

This data was available on the blockchain immediately after minting, anybody could have gone and see what kinds of Crunks had been minted. Completely randomized as well - who knows what Crunks might have been minted!

As I mentioned in the mint plan, 50 Crunks airdropped went to the Crunks team.

The other 50 were minted for various giveaways/competitions to give back to the amazing community!

Community Whitelist (OG)

The community whitelist (OG) role allowed users on the whitelist to mint x2 Crunks each.

The first Crunks for this whitelist were minted at 16:00:14 UTC - only 14 seconds after the whitelist sale was supposed to begin! These folks were ready to go as soon as the sale went live!

The last Crunk for this whitelist was minted at 17:59:52 UTC - only 8 seconds before the next whitelist sale was supposed to begin! This person waited until the last few seconds to take advantage of their whitelist spot!

Summary of Community Whitelist (OG):

• 692 Unique Addresses

• 1,291 Crunks

• 3,690 LUNA Collected

• 8,633.62 UST Collected

Community Whitelist (OG) - Crunks Minted over Time

You can see in my graph above, there were almost 1000 Crunks minted in the first 15 minutes of the OG whitelist sale! People were ready to go!

Public Whitelist (Chill G)

The public whitelist (Chill G) role allowed users on the whitelist to mint x1 Crunk each. This was later raised to x2 Crunks each, which explains the numbers below.

The first Crunks for this whitelist were minted at 18:10:04 UTC - 10 minutes and 4 seconds after the whitelist sale was supposed to begin! This may have been due to a delay during the whitelist activation, but I am not 100% certain.

The last Crunk for this whitelist was minted at 19:59:45 UTC - only 15 seconds before the next whitelist sale was supposed to begin! This person waited until the last few seconds to take advantage of their whitelist spot!

Summary of Public Whitelist (Chill G):

• 1,296 Unique Addresses

• 1,515 Crunks

• 4,281 LUNA Collected

• 12,334.16 UST Collected

Public Whitelist (Chill G) - Crunks Minted over Time

You can see in my graph above, since this whitelist sale began at 18:10:04 UTC, there were well over 1000 Crunks minted in the first 15 minutes of the public whitelist sale! People were ready to go, similar to the community whitelist!

Public Sale

The public sale allowed any user to mint x100 Crunks each.

The first Crunks for this whitelist were minted at 20:00:19 UTC - 19 seconds after the public sale was supposed to begin!

Additionally, in the first transaction after the public sale went live, 324 Crunks were minted at the same time. This means, a lot of people were ready to mint as soon as they were allowed to!

The last Crunks for this whitelist was minted the following day, October 24th at 07:17:37 UTC - meaning that the public sale lasted a total of 11 hours, 17 minutes, and 18 seconds.

Summary of Public Sale:

• 2,090 Unique Addresses

• 7,094 Crunks

• 18,690 LUNA Collected

• 120,399.59 UST Collected

Public Sale - Crunks Minted over Time

Conclusion/Summary

We have gone over all of the sections that lead to the Crunks selling out. Now let’s look at all of the numbers together.

The total length of the sale from the start of the Community Whitelist sale to the end of the Public Sale was 15 hours, 17 minutes and 23 seconds. All 10,000 Crunks sold out in this time.

Airdrop:

• 100 Crunks

• 10 Unique Addresses

• Occurred in 1 transaction, 13 hours and 4 minutes prior to sale.

Community Whitelist (OG):

• 1,291 Crunks

• 692 Unique Addresses

• 3,690 LUNA Collected

• 8,633.62 UST Collected

Public Whitelist (Chill G):

• 1,515 Crunks

• 1,296 Unique Addresses

• 4,281 LUNA Collected

• 12,334.16 UST Collected

Public Sale:

• 7,094 Crunks

• 2,090 Unique Addresses

• 18,690 LUNA Collected

• 120,399.59 UST Collected

Total Summary:

• 10,000 Crunks

• 3,691 Unique Addresses

• 26,661 LUNA Collected

• 141,367.37 UST Collected

• Sold Out Time: 15 hours, 17 minutes, 23 seconds

Total Minting Sums/Counts by Section

I would consider this to be a very successful launch. Almost 27k Luna, 141k UST, every NFT sold to users on the Terra blockchain.

Many projects aren’t even selling out nowadays, it is very exciting to see such an incredible project mint all of the NFTs available. It would have been a shame to see any of them get burned!

Look forward to reading more about The Crunks on the aftermarket. There have been some very notable sales, but I will save that for my next article.

Thanks for reading!

-Brian

brian_#3619 on Discord
https://twitter.com/brian_terra_

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