RatAlert’s token supply of both character and kitchen NFTs has already been reduced early May before launch by 60% to adapt to the unfavorable market situation. Proposal #1 aims to cut the Generation 0 character supply down from 10,000 to 555 characters, which leaves a total supply of 10,555 character NFTs.

This means that the remaining 10,000 Gen 1 characters can only be minted with $FFOOD, which adds significant utility to the token. All 10,555 characters will compete for 1,000 TheStakehouse kitchens (to be minted with $FFOOD) and 100 LeStake kitchens (to be minted with $CFOOD). The food tokens spent for minting are burned in the process, which reduces their supply at the same time!

This supply reduction will significantly contribute to the health of the RatAlert ecosystem, give character NFTs the rarity they deserve and reward our valued early adaptors that hold Gen 0 NFTs.

This is the resulting mint price table for characters:

• 
556 - 3,055: 2,000 $FFOOD
• 3,056 - 5,555: 3,000 $FFOOD
• 5,556 - 8,055: 5,000 $FFOOD
• 8,056 - 10,555: 8,000 $FFOOD