TL;DR

Completely fair launch. There is no profit for the project builder. If you buy level 0 plots of land for only 0.01 ETH, the return is guaranteed to be at least equal to what you initially invested.

BACKGROUND

• We created mintBase with the aim of being the 1st marketplace on the Base ecosystem, where a lot of NFTs are released every day. Above all, we are creating something different which is 10,000 community-owned plots.

• We aim to create the friendliest on-chain race to own NFT plots, you can play without thinking about winning or losing because your benefits are huge if you are the first to come.

• We're creating an incredibly different mechanic based on a game theory, all owned by the community.

• We do not make a profit from creating 10,000 plots, they are used to promote our other products. Our main profit comes from Marketplace like Opensea, Magic Eden, etc.

MECHANISM

• Buy a number of neighboring boxes to form a square, and will combine them to form a larger square, you can place a photo of your choice there.

• All Plots start at 0.01 ETH, each time a plot is purchased, its price will double its original price.

• When a plot is purchased from someone, 75% will return to the previous owner. (This means the original owner gets 150% of what they put in). 25% of proceeds get split to earlier all owners, $MSB Holders (treasury)

If you are a Level 0 plot buyer, you will receive profits forever, even if the plot reaches Level 10, 20, 30, etc.

• You receive 1000 $MSB each time you purchase a plot, regardless of its level.

• A portion of the proceeds from plot purchases is deposited in the Treasury to create an unruggable Treasury. The only outflow from the treasury is burning $MSB.

• You can redeem your $MSB to claim your portion of the treasury. The formula is:

Your ETH = [Your MSB] / [Circulating $MSB] * Total ETH in Treasury

STRATEGY

• Buy in central locations, or locations with beautiful numbers like (99,99), (69.69), (66,66), (0,0), etc. This means you have a higher chance of getting a 150% return.

• Buying a Level 0 plot costs 0.01 ETH, and receives 1000 $MSB. This means the treasury increases by 0.01 ETH.

• This means you can Burn 1000 $MSB to instantly get back 0.01 ETH (about $0.05 gas fee). But still own the plots you bought.

• Try to become the buyer of as many Level 0 plots as possible, because you can receive profits from all the buyers behind you. Or at least try to buy the land as soon as possible.

• If someone else purchases a higher level plot for 2.56 ETH, they still only get 1000 $MSB. The treasury has increased by 2.56 ETH but circulating $MSB only has increased by 1000. This means, the longer you hold MSB, the more you can burn to ETH.

• Early redemptions mean those who have exited do not get to accrue proportional rewards due to increasing plot prices.

• Because the contract guarantees that 1000 $MSB is at least redeemable for 0.01 ETH, the ratio becomes favorable as time passes, and optimal strategy dictates being the last person to redeem as best.

(NFA) As Level 0 plots are effectively free, it's probably a good idea to pick up as many as you can. (minus gas costs). $MSB offers the possibility of profiting while having no lock-in, freely able to be redeemed for ETH.