A Primer on Killabears (Part 2)
Check out A Primer on Killabears (Part 3) here:
gm everyone, and welcome to Part 2 of the @killabearsnft primer! In the last edition we covered the origin of the Killabears team, the mint experience, the lore, and even how they planned to bring value back to holders! If you missed that, I highly recommend checking it out here:
While I went into some of the “macro” ideas behind how the team has brought value back to their holders, it’s time to break it down a little further and let you know just how thoughtful the team has been in creating this awesome ecosystem.
The Killabits Airdrop
I won’t get super into the lore portion for this newsletter just so I can include all the other things I’m looking to discuss today, but if you’re looking for that information, remember to check it out here. Here’s the TL:DR, however, of the Killabits airdrop - each OG Killabear was dropped one for free, and the current floor price as of this writing is ~.85 eth.
The incredible community member @quirk_bear explained the entire Killabit airdrop (and more) in this thread, which is absolutely worth reading:
If you are more of a “just the facts” kind of person, well, here you go:
Staking (Phase 1)
Just like everything else the team has done to this point in our story, it wasn’t enough to stick to the old way of doing things - Killabears does its best to innovate at every turn. In what are quick becoming some of my favorite threads, the CEO Ben put his thoughts out on the issues with staking, and where they planned to take things in the future.
As you can see, the team took the models they saw from other projects, and improved upon them greatly. @quirk_bear once again breaks down how the Phase 1 staking works:
Simply put, in Phase 1, you stake both a Killabear and any Killabit at the website located here - aptly titled The Kilton. Notably, both the Bear and the Bit cannot have been through this staking phase already - otherwise, you won’t be able to start here.
If you’re looking for a Bear and Bit that have not “claimed their Kilton” - aka been through Phase 1 - check the official website here and sort by Kilton Claimed: NO (I did it for you).
These Bits and Bears are referred to as “virgins” in this ecosystem, and obviously go for a premium.
After spending 30 days in Phase 1, you’re eligible to claim your rewards, which consists of a GUARANTEED piece of Killagear of a random rarity, and a chance also to grab a Killabit, a Killapass, or Killatraits (we’ll get into these later, but feel free to check the links to see their current supply and price floors)! Although they’ve been claimed now, you even had a shot at an OG Killabear originally!
Now that we’ve made it through Phase 1 of staking, let’s move on to Phase 2.
Staking (Phase 2)
For Phase 2, things get even more fun. Now that you’ve made it through your stay at The Kilton, at a minimum you now have a Killabear OG, a Killabit, and a Killagear (weapon) of some kind. The cool thing about this is you can equip that weapon to your Killabit, and when you stake both your Killabear and Killabit in the Killalabs, depending on the rarity of your weapon, you have a shot at higher tiers of rewards.
You can even combine certain weapons to move up in the reward tiers!
This time around, you’re guaranteed a Killatrait via a Killacrystal at the end of your staking (which is 45 days), but you also have a shot at bonuses from the prize pool as well - Killabits, Killabear OGs, 1/1 Killatraits, Killagear, Killapasses, or even an Azuki Bean!
Here’s another great thread by Ben about the whole idea behind this.
After your OG Killabear and Killabit make it through Phase 1 (The Kilton) and Phase 2 (Killalabs), you’re all caught up to where we are today. However, that still leaves a lot to be explained - what’s a Killatrait, a Killapass, a Killabear XL, Killacrystals?
Similar to last time - I’m starting to run out of space in this edition. So while we’ve covered most of the basics of the ecosystem so far at least in terms of how you go through staking, and how you obtain different items, we’re going to get into the specifics of each item in the Killaverse in our next edition - A Primer on Killabears (Part 3)!
That’s it for today - I hope you have a great one!