Moonbirds Mint Distribution

    The Official PROOF PFP

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    Background

    Moonbirds is the latest profile pics (PFPs) NFT project to the crypto ecosystem by storm. Reports have it that, the trade volume of Moobirds within the past 7 days supersede that of BAYC, MAYC, Azuki, Beanz, Punks, Doodles, and CloneX combined. With a mint price of 2.5ETH, Moonbirds have racked up 69,000ETH from the collection of 10,000 PFPs.

    The project was created by the PROOF collective; a private community of NFT collectors whose membership pass costs at least 99ETH. The mint of Moonbirds was divided into three (3) stages as follows:

    1. PROOF Collective Pass holders
    2. Allowlist winners
    3. Waitlist

    Mint Distribution

    By analysing the Moondirds mint, we will look at the distribution, the number of wallets that minted the PFP, and who minted the most.

    Without much ado, let's look at the chart below representing the distribution of Moonbirds at the mint. On the x-axis, we have the deviation from the mean, and on the y-axis, there is the number of Moonbirds. We can see a reverse-j shape also known as a negative exponential.

    Minting is complete with no supply left, so let's dig into how the PFPs were distributed.

    What the distribution means is that most of the users who participated got a single Moonbird.

    Next, let us look at the total number of wallets that were able to secure themselves a Moonbird PFP. Our query tells us that there were 8699 wallets involved in the mint.

    Now, let us look at the distribution of Moonbirds at various price points. It is worth noting that prices are rounded to two decimal places for ease of analysis.

    What Was Learned From The Auction?

    In terms of NFT distribution, Moonbirds contains 10000 different PFPs, of which 125 will be retained by the Proof team for future cooperation, marketing and other work. This explains why one wallet was able to mint 139 Moonbirds.

    2000 pieces are distributed to the holders of the previous Proof Collective NFT, and each holder has the right to cast 2 NFTs free of charge. Proof collective members are expected to hold at least 2 Moonbird PFPs.

    The remaining 7875 were for public sale. In the beginning, Proof chose the Dutch auction (price reduction) mode to sell the remaining 7875 NFTs at a starting price of 2.5ETH. However, as the popularity of the project exceeded expectations, it was revised to the lottery + allow-list mode about ten days before the sale. The lottery process was completed on the Pre-mint platform, and the winning users were able to mint a Moonbird NFT at the minting price of 2.5ETH.

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    From the distribution in the donut chart above, we can see that 174 Moonbirds were minted at 0.01ETH (the lowest price) which represents the most for a single price point. 0.02ETH comes in the second position with 169 mints.