⚡TLDR: Booga Bullas

for brain rotted beras with a 5 second attention span...

Booga Bullas is:

• 100% circulating supply NFT collection

• NO team allocation

• NO investor allocation

• Collab project between Bullas & Booga Beras

  • Vase Finance is the genius behind Booga Beras

Booga Bullas is f*cking lit, why are you even reading this shit - trust me bro

How It Works

1. 100% of mint proceeds are swapped for $iBGT and sent to a multisig NFT treasury.

   1. 0% of mint proceeds go to Kingdomly

   2. 0% goes to team or insidoors

   3. all that precious $BERA goes straight to the treasury!

2. Booga Bullas have 10% enforced royalties

   1. 7% swapped into $iBGT to grow the treasury

   2. 1.5% used to buy and burn Bullas

   3. 1.5% used to buy and burn Booga Beras

3. $iBGT in the treasury earns yield ~ 75% APR

   1. (More on $iBGT here.)

1. At least once per month, treasury managers:

   1. swap all yield into $BERA

   2. Sweep Booga Bullas (7% is immediately returned to multisig as $iBGT)

   3. Send anywhere between 10-90% of NFTs acquired to burn address

   4. List anywhere between 10-90% of NFTs acquired on the market

Goal: You may ask yourself "Why list NFTs? Why not just burn them?" I was once as mootarded as yourself and had these very same thoughts. Our goal with this mechanic is to maximize growth of the floor as sustainably as possible by guranteeing a minimum amount of deflation while maximizing treasury value. Treasury Growth is 🔑

Burns will increase as NFT listings occur below or near the fair value of each NFT. The multi-sig signooors ultimately have the freedom and responsibility to make these decisions but are always open to feedback from die hard mootards like YOU!

1. Following the yield distribution to holders:

   1. $iBGT earned per month in step 1.b is distributed to Booga Bullas holders in the form of an airdrop. All other $iBGT earned during the month remains within the treasury

2. At least once per month:

   1. 90% of the payout from Booga Bullas NFT sales is sent back to the treasury ensuring growth even during low volatility times.

      1. The remaining 10% gets split between Bullas and Booga Beras NFTs for buy backs and burns

Why dis is gud

Booga Bullas are deflationary, NFTs are burned at least once a month. This means the yield derived via sweeps is distributed between less NFTs each month, i.e. ur pockets get fatter just for being f*cking mootarded. By selling some % of acquired NFTs at a markup we ensure fast treasury growth which increases yield for holders and a higher floor price longterm

Supply can literally only go down.

Fun fact: Booga Bullas floor is priced in $BERA, our treasury is filled with BGT. Study the oriBGT/Bera or swBera/Bera chart to understand that our floor can only go up vs Bera