Latest Psychedelics Anonymous Genesis News
Psychedelics Anonymous introduced its new ecosystem currency, PSY, over the weekend.
The Deets:
- PSY is the currency of the Psychedelics Anonymous ecosystem
- Users must answer Australian GST Tax questions truthfully during the claiming process
- PSY Point Terms outline rights and requirements for the currency
- ERC20 token may replace the current system, with points matched 1:1
- Connect all wallets that held Psychedelics Anonymous assets to claim points
The Details
To claim PSY points, users will be required to answer a few Australian GST Tax questions, ensuring the organization can uphold its legal and financial obligations to Australia.
By agreeing to the PSY Point Terms, users will acknowledge the rights and requirements associated with the new digital currency. Although the current system is not an ERC20 token, Psychedelics Anonymous plans to match all PSY points 1:1 if they are allowed to launch an ERC20 token in the future.
To claim PSY points, users should connect every wallet that has ever held a Psychedelics Anonymous asset, not just those that currently hold a PA NFT.
❗️Why It Matters
Psychedelics Anonymous joins the growing list of NFT ecosystems hoping to reward its community and holder base via an ecosystem "currency." The key difference thus far, is that PA is committed to working within Australia's regulatory framework and thusly is not immediately issuing an ERC-20 token to PSY Points claimers. Kanpai Pandas recently committed to rewarding its holders with Panda Points in a similar fashion, not requiring the deployment of an ERC-20 token. Nevertheless, PA did not rule out the potential for a PSY token in the future, assuming it is legally permitted.
Interestingly, PA has also chosen to reward all those who have helped contribute to its existing state, not just current holders. That's right, any wallet that ever minted or held a Psychedelics Anonymous NFT (of which there are multiples) is eligible to claim PSY. This should significantly widen the net of PSY owners and also avoid any groans from past community members that may have exited on recent founder drama.
📊 By the Numbers
The Psychedelics Anonymous Genesis NFT collection has fallen 94 percent in the last year. It currently holds a floor price of 0.18 ETH.
🎬 Take Action
To claim your PSY points, visit psychedelicsanonymous.com and connect all wallets that have ever held a Psychedelics Anonymous asset.
The snapshot of all Psychedelics Anonymous Genesis holders has been taken in preparation for New Dawn, the project's upcoming trait-swapping marketplace.
All wallets, assets, and their corresponding levels in the Mycelia will stay intact, according to the team.
This is part of the first phase of New Dawn, which allows holders to deconstruct their Genesis NFTs and extract all the traits.
"Phase 1 begins with exploring digital identities," the New Dawn team wrote on Twitter. "Every [Psychedelics Anonymous] is New Dawn-enabled. On launch, you can extract your Genesis traits, equip new traits, and construct your new identity."
When the new identity is constructed, the Genesis NFT will be sent from the holding contract back to the holder's wallet.
This is an attempt to change how NFT projects think about rarities and digital identities.
"Rarity matters, but digital identities matter more," New Dawn said. "With new traits, PFP manipulation, and fashion trends evolving, we want our community to be able to express themselves as they wish. Open rarity takes on a new meaning with revolving trait mechanics."
Phase 2 is expected to start in Q1 2023, which introduces peer-to-peer trading of traits across wallets. It also includes the buying and selling of traits.
For more information on the upcoming New Dawn project, see the team's full Twitter thread here.
Psychedelics Anonymous is holding its own conference June 17-25 in Denver, the project announced on Twitter.
The Psychedelic Science Conference will be "the largest psychedelic gathering in history." Ticket applications close Dec. 30, according to the announcement.
More details are available in the Psychedelics Anonymous Discord. The floor price of the Genesis collection is 0.465 ETH as of Thursday evening.
The charity auction for Psychedelic Anonymous Genesis #9408 is now live according to a recent tweet.
All proceeds of the auction will be "donated to a charity with Psychedelics / Mental Health at its core" says the team.
Psychedelic Anonymous Genesis #9408 is a premium NFT in the collection as it ranks #31 on Lucky Trader's rarity rankings page.
The auction is being hosted on OpenSea and at the time of writing currently has a top bid of 1.6475 ETH. The charity auction is set to come to a close on October 1, 2022, at 11:00 a.m. ET.
Psychedelics Anonymous announced that its mental health services for Genesis holders went live in a recent tweet.
The team partnered with Impact Suite to bring one-on-one therapy, around-the-clock crisis support, educational resources, and more to Genesis holders.
Holders can go visit the Impact Suite page on the Psychedelics Anonymous website to access the mental health resources.
Psychedelics Anonymous released its "Coaching App" earlier this evening according to a recent tweet.
Holders of a Psychedelics Anonymous Genesis NFT now have access to coaching sessions with experts in, crypto security, psychedelic medicine, life coaches, and more.
Users who wish to access the coaching application and schedule sessions can do so by visiting the official Psychedelics Anonymous website.
The team also announced that it plans to continually add in new varieties of coaches as the application develops.
Psychedelics Anonymous is keeping the NFT NYC party going tonight with a final event and open bar at the Psych House tonight, starting at 4:00 p.m. ET.
Tonight's Psych House will also allow a handful of perks like free t-shirts and a hoodie, alongside the open bar, which closes at 10:00 p.m. ET.
Additionally, all users who attend at 4:00 p.m. ET will also be granted a whitelist spot to an upcoming NFT mint, Ezu.xyz.
Located at Ideal Glass Studios in Greenwich Village, the Psych House is open to the public, though holders of Psychedelics Anonymous NFTs receive priority access with additional perks.
In order to attend, users must first register via TicketFairy.
The burn event to claim Psilocybins, a utility NFT in the PAVERSE, went live today.
Users who wish to claim a Psilocybins NFT must hold a Psychedelics Anonymous Genesis NFT as well as Component 1-3. To claim the Psilocybins NFT, users will burn Component 1-3. They do not have to burn the Psychedelics Anonymous Genesis NFT.
The Psilocybins NFT will be required to participate in the Psycedlelics Anonymous mini-game experience, according to the team.
