AMA with The Saudis
Primer: The Saudis is an NFT project that has attracted a lot of attention ever since it started. Recently they airdropped a Soulbound token to holders of the NFT. This is the first time an NFT project has done this since Vitalik first talked about it. Find out more in this summary notes of the Twitter Space AMA with The Saudis.
Scammers
Be careful
Lots of people are scamming others in this space, saying that the team is lying and photoshopping their interactions and blocking accounts. All these are not true
Always use a burner wallet
Only trust official announcements and also be careful of impersonators
The Dune
The Dune is a Saudis Bound Tokens, which is a Soul bound token (SBT)
Attached to the Saudis NFT, so selling the Saudis NFT will also sell the SBT attached
“It turns out a lot of these collections, in order to give them more value, it’s almost like these free mints have to have more to give to the community. They don’t ask for it, but they want it, in the form of an airdrop or an NFT or a token.”
- Prince Sonnie
The Dune cannot be listed, only the Saudis NFT can be listed
The Dune has a reward waiting at the end of the whole journey
Airdropped directly to wallets holding the NFT
About the project and team
Lots of praises and comments on how the team is very professional and knows the space very well. The community is also large and active, even in this bear market. The media content is superb as well.
Not true you can’t make money in the bear market
Going to have a lot fewer participants and hunters in the crowd, all the better to build up skills
If they are this good in a bear market, where will they be in the bull market?
A lot of VCs have asked them how to get involved in this project. This doesn’t happen to other free mints derivatives
Saudis is the strongest meme in the bear market right now, with the slogan “Max Bidding”
Introduced people who are new to crypto/NFT and started a new MetaMask account to mint the Saudis NFT
There is a potential for people who are not native to the space, especially from the Gulf and middle east region, to join
People who missed out on BAYC will want to join this elite group
Appealing to middle east people is good because they love to be trendy and easily buy things that they want, especially those celebrities and VIPs
The team are not allowed to talk about the ‘Dubai thing’ during the Twitter space
Having cultural ambassadors to market in the Arab region will be highly profitable
People are curious about the Arabic culture
Questions
What is max bidding?
Means whatever you want to mean - just good vibes
Max bidding could mean buying Bitcoin at the bottom or buying the NFT and holding on
Saudis is a derivative of crypto punks and itself has many derivatives, so how is it going to pump? What is the value of this project?
Sees this as a good thing because others copying the project is itself a sign of success
Going to the main chat in the discord and seeing people shouting ‘Max Bidding’ even after the public mint is over, is itself a bullish sign
They got attacked on the minting day too and the attacker ended up losing 12k. Took the NFTs and gave them back to the community in a raffle
Many times when tokens are airdropped to holders of the OG collection, they are dumped. The team don’t want that
This is a free mint and the contract to do the SBT is not cheap
Most NFT projects will release something and collect ETH and have no incentive to work since they had collected a yearly salary within 24 hours
If you don’t know how to read contracts, the value is in the dev team and something is planned there. What is visible is just the outer shell
Saudisus said that he received DMs on Twitter, where people are showing him lines of codes on the contract. And these are the people who are starting to get it.
The website and discord are not very informative. As an investor, how can one be more involved?
Understand that the discord is not very useful because there are 100k people inside and everyone is vying for attention and levelling up to get a chance in the raffle
The best way out is to do a Collab.Land verification for holders of the Saudis NFT to join an exclusive holders chat. This way, there are only 5,555 people chatting
How often are the raffles going to be?
Raffles to win a free Saudis is a promotion for the airdrop event for the SBT
Not sure how frequent it’ll be
So far there have been two raffles. The first is a raffle for 217 NFTs (from the attacker) and the second one is for 10.
NFTs for the raffles come from the team reserve
Can you give a TLDR for SBT and why introduce that?
Vitalik has talked about it and this thing is pushing the space forward
Wanted to show innovation in the space
How to do this without them dumping the second collections and undercutting each other, introducing lore into the NFT and innovative tech? Decided to go the soul-bound route.
“Bet on the devs, bet on the community, and you’ll always win.”
- Fonky Donk
The story will unfold in different Acts and Chapters and you’ll get a reward at the end
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