βFAQ
Frequently Asked Questions
Last updated
Frequently Asked Questions
Last updated
Which countries are the team members based in?
International Team (USA,EU,UK,ASIA)
Why the frog theme? Who created the NFTs?
CEO is a Big fan of Kevin Eastman teenage mutant ninja turtle, so lots of the inspiration for mutant theme with powers came from that. Kinda wanted to stay in same animal realm of turtle & wanted to find an animal that could be applied to a fitness earning mechanics so we went with frogs. Frogs are known for living in large populations & are acrobatic in nature. Mutant Art was additionally inspired by the show (AHH Real Monsters). All art is done in house by our dedicated team of artists.
In short, Mutant Froggo is a duel asset project in the sense that we are combining both Token & NFT into one sustainable ecosystem where the utility & demand of both assets ultimately stem from & are driven by one another.
The intial Utility for the nft comes in the form of its Hold2Earn Auto-Staking Subscription based MPY & the claimable earnings that come with it.
& the initial utility of the token itself is to be utilized for minting & subscription fees which in turn fuels the $FROGGO rewards for NFT holders. Additionally the token is to be utilized extensively and exclusively throughout the various features found within the project & developmental roadmap.
What is Mutant Froggoβs trying to achieve in Web3? How do you plan to achieve it?
Ultimately we came up with the idea for this project in order to prove that itβs truly possible to achieve sustainable long term earnings for holders as long as the project is optimized in a way that benefits all who partake & incentives being active within the community
Projects often boast that they are set up to benefit the holders, when in reality they are primarily benefiting themselves and maybe a select few holders.
With our comprehensive earning structure tied to rarities & with our tokenomics & scaled subscription discount model, we are able to bring a new approach to NFT & ideally change how some people view NFT projects & fight the growing stigma against them.
Additionally as we continue to grow in size & demand, we have features that are actively being worked on to be paired & released with the future releases within the collection
Why release an NFT project on BSC? Why not Solana or ETH, Polygon, etc..?
Where some solo NFT projects may fair better on other chains, with this being a duel asset project, we knew that we had to be in search for the projects best chances in not just the NFT market but in the AltCoin market as well.
Due to this, we strongly felt that BSC is the perfect home for projects who thrive in both aspects & allows us to reach out and appeal to wider pool of potential partners & deals moving forward.
How can we be sure that Mutant Froggo is here to stay and not just some cash-grab NFT projects that weβve seen rugging people left and right?
Our team has dedicated ourselves over the last year to setting up this project & making sure itβs introduced in the most professional manner while being well timed within the market itself to give investors the best position possible.
With this work has come the use of an extensive amount of our own personal time, energy, & money. & not only that, we have imbued our passions & interests heavily into this project and we are very proud to be the ones behind it.
We are KYC approved, Fully Audited, Doxxed CEO, No Team Supply, Taxes Permanently Locked at 1%, & here 24/7 to make sure all questions & concerns are addressed.
Additionally, users can see not only our dedication within our communities but are also able to interact with our features & see the development that has been done & continues to be done on a daily basis.
We arenβt in the business of making promises we donβt keep & we are here to continuously work for & support those who support us & believe in the Mutant Froggo Vision.
How will people be able to trade NFT before NFT marketplace is set up?
Aiming to have marketplace available within a few weeks from mint/launch if not even sooner, as for trading before then, we can set up a dedicated channel & trades can be handled through members of team if needed. But ideally going to try and get marketplace available for everyone ASAP.
Marketplace will first come on website and then later be integrated into mobile app. But mobile app should be out prior to launch & if we push things back a week cause of current market then app can maybe be out before presale
How will you combat the deflationary pressure from the APYs on NFTs
Supply is not growing nor are extra tokens being minted. The APY is paid out from the $FROGGO users pay to purchase the NFT & from set aside portions of the supply that we will have locked & set aside to ensure we can support the APY with the subscription discounts & addition of future NFTs in the ecosystem.
When does APY/MPY staking kick in? (NFT/Economy -Mutant Froggo NFT - Utility)
Auto-Staking will be active & start as soon as a user mints their NFT
Will the APYs change in the future?
No, if a lack of re-subscriptions arises we have extra tokens set aside in the projects tokenomics that will be used to sustain the APY.
What are you going to use the BNB from the NFT mint for? (NFT/Economy - Economics)
- Marketing/Development
Mint will be primarily in $FROGGO but with need of minor BNB purchase as well.
Team does not have a set portion of supply nor do we have high taxes. So the initial funds received via BNB are used for the continuation of the projects development & marketing. & All $FROGGO raised from mint goes to the APY rewards for the month, so straight back to the buyers.
What upgrade cost are you referring to in section (NFT/Economy -FROGGO Token- Utility)
Upgrade costs refer to potential future costs of βfusionβ process. Fusion being done between Froggo NFT & Future Pet Fly NFT. This fusion of the two leads to increased scale of earning within J2E environment that provides and earning advantage over users who have just the Froggo NFT alone (pet fly NFT will be smaller in supply then froggos making it limited in nature and a more highly sought after asset, not introducing pets fly nfts or fusion/upgrade costs for the fusion until later on in developmental path as J2E Is developed, tested, & implemented.
Any brand partnerships in the pipeline and how exactly will people benefit from the partnership?
None as of yet, marketing/partnership wise just Collabs with youtubers & influencers & call channels & ama channels. But we do plan to include $FROGGO on Cex & will establish partnerships for that, & for the second minting of froggos (4K exodus launch) we are seeking for binance NFT market listing so that we can gain more exposure through that as well.
May do some Collabs with other NFT projects & include them in our serialized comics, however thatβs all still TBD & marketing team will be working towards that.
Is there a fee on transfer of NFTs? No, just the minor gas fee incurred for any transaction
Jump2earn - what assurances are there that the team can actually build it? Should probably do a worked example to explain how the yields on the NFTs will work.
Firstly, The team has just started the initial setup on the Jump2Earn & is also still determining the best mode for how it'll really correlate to the standard of Move2Earn concepts, but with ours being Jump2Earn we will likely have set routines that will work more finely overall. There are many motion/earning projects that started over the last year so we have been and continue to study their development & concepts to make sure that when we do eventually roll out jump2earn that we have the best working version possible. & with an existing mobile application the testing and integration phases will proceed smoothly.
Is hold2earn or jump2earn the projects main focus?
Ultimately, our primary focus is on the intial utility we provide and the night heart of our project, the NFT holding subscription service. Thatβs the elements we want to focus on heading into launch, many projects either have no initial utility or have people waiting forever for utility to come about. We are proud of the work weβve done so far so we want people to focus on that and enjoy their rewards from the initial utility before focusing too much on the Jump2Earn yet, cause it's just one of our features & itβs specifics and final decisions will be covered a lot more In depth as we make our way down the roadmap
By presale/launch, we'll have all these ready alongside to hype things up:
- Trailer
- Comicbook
- operational dashboard
- 1000 Genesis Mint along with launch
- Live Mobile App (with limited features)
Staking contract audited?
There Isnβt an individual other staking contract that needs be audited because people will not be manually staking their NFTs.
Auto-staking is built into the NFT contract coding allowing them to receive the benefits without interacting with any additional contracts. Solely need claim rewards whenever desired from our dapp
What happens to the rewards that are unclaimed on the NFTs?
Unclaimed monthly rewards are returned to the reward wallet to be further distributed in the next monthly subscription reward allotments.
Do the rewards on the NFT start accruing starting from the date of purchase.
Yes, once you mint or buy the nft & itβs effectively in your wallet, then you will earn
& If selling, users must make sure to claim rewards before selling. Otherwise rewards will be unclaimable since they no longer hold the nft.
The rewards for the NFT is that fixed? E.g. 10bnb for a diamond. What if the price of BNB goes up significantly? Are we fixing the price of BNB at the time of subscription?
Rewards paid in FROGGO are based upon price of $bnb & $froggo at time of mint/resubscription. 10 bnb worth of $FROGGO is an example of the reward potential dependent on $froggo price not going lower than launch price.
If $FROGGO price dips lower then overall value of rewards received is lower, if $FROGGO price grows, then overall value of rewards received is higher.
Regardless of price trajectory users will earn the same amount of $FROGGO (depending on rarity & amount of nfts held)
The value of bnb itself is not important cause thatβs just what will set the initial mint cost & then we will use that cost figure for the resubscription rates moving forward.
Was the smart contract written from scratch?
Yes
What are the pet fly NFTs? Is that NFTs connected with jump2earn?
Yes, pet nfts will be issued later in project and be limited in supply, probably like 100-500 only. This will allow select users to pair or fuse their pets with their froggo allowing for multiplied gains in J2E environments & will serve bring another asset in the marketplace that has higher potential of being valuable for holders due to its limited nature & heightened utility. (This phase wonβt come till later, refer to whitepaper/roadmap)
Will team mates be buying the token also? Will the team agree not to dump tokens they buy?
Team itself will not be involved in the sale at all nor is their supply set aside for us. However there may be members of the team who wish to invest personally. & Anyone who wants a froggo nft will have to buy tokens, so if someone from the team buys into the project, they are doing that at their own expense & with no involvement as a team, but because they want to enjoy the froggo experience theyβre helping create. So we wonβt limit anyone from investing or placing restrictions upon them, however they have no priority in the project and are subject to the same terms as everyone else wishing to be involved.
Any rewards for testing app?
There isnβt a testing session for first mobile app roll outs, it will be released and will be working but with not all features fully added as of yet. As we work on & roll out updates for the app all minor testing for that will be done on our backend. (Reward claiming*, marketplace, etc)
Investors will be included in jump2earn testing as that gets integrated and earning rates gets flushed out. But there are no rewards for such involvement as there is never a lack in people wanting to test the innovations that they are invested in.
*$FROGGO rewards will first be claimable via dashboard as that wonβt be included in the first app roll out (itβs faster to get app approval with limited web3 features & then as we continue to develop we can just issue updates to the existing app.
Who is contract developer - is he well known?
Chris our co-founder & CTO manages our contracts. He is kycβd for the project & available 24/7. However contract assembly is done by Trynos, a SAFU dev. We were aiming for the safu tag but they were demanding excessive control of the contract, so ultimately we are not pursuing safu badge, but we are still using the contract designed.
Is the contract SAFU?
Safu badge is not being pursued for fairlaunch. We were working with a known safu dev however they wanted an amount of control in contract & project that we did not feel was safe for our investors to give to someone who is not an in-house member of the team. Therefore we have ultimately opted out.
However there is no team supply in this project. Feel free to go over our distribution breakdown in the $FROGGO token section of our whitepaper.
Can you modify the taxes at all and will you modify it? Will taxes be raised at listing and if so for how long?
The Taxes can be adjusted to a maximum of 7% & not higher. But they will not be change from the set 1%βs nor will they be raised at time of listing. Additionally we have a feature implemented that allows us to permanently lock the taxes once set.
Ideally we would have a no tax project but since no supply we need ensure have route for development and marketing. Therefore 1% tax will remain the constant and be in affect throughout the entirety of the project.
Any buybacks?
Not any that we have planned for yet.
Will any of the tokens be locked?
all tokens are locked periodically and release for each of its own usage as described in the distribution portion of tokenomics section in whitepaper
How does the lock and release work for the proportion of supply allocated to NFT rewards?
That portion of allotted supply is locked monthly and has been properly calculated to account for the 1000 genesis NFT mint.
Important to remember that the rewards from the NFT will primarily be sourced from the TOKENS RECEIVE THROUGH MINTING (minting price: 1BNB worth of $FROGGO + 0.2BNB) Meaning, the tokens locked for rewards act as a backup to support the rewards ecosystem by sustaining the MPY. Examples in which those tokens are needed : 1. minting doesnβt sell out but more tokens are needed for current subscribers reach full MPY 2. Not all users resubscribe, meaning tokens are needed to make up for the reward pool to sustain full payout for all resubscribers.
Would you say the initial 1,000 Genesis NFT collection is the most valuable/rare than the 2nd and 3rd wave of releases?
More valuable yes, in the sense that you start the earning experience much sooner than those who donβt mint until later waves.
More rare, not necessarily but we may add an element to the metadata of subsequent releases so that genesis stand out more-so in that capacity. But all in all the rarities more so lie in which level of froggo minted
Do you think its too expensive to mint?
The MPY/APY paid out in rewards more than takes care of minting and resubscription fees. Additionally, all minting & subscription $FROGGO fees go directly to paying out rewards which in turn Keeps everything nicely circulating within the ecosystem.
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