Regulars by Popps
Regulars by Popps has released its highly anticipated Regular Jobs project as of 8:00 a.m., ET this morning. Regular Jobs is a companion collection where collectors are able to claim Job NFTs on a 1:1 basis for each Regulars NFT held. Jobs can then be linked to Regulars in order to accrue the project's native $REG token via a "salary." Regular Jobs are a free+gas mint for all Regulars holders, and Jobs NFTs will be tradeable on the secondary market.
The Job NFTs themselves look like ID cards that list the Regular's name, ID, company, and position. There are 60 total companies, most of which are loosely based on real world companies, such as "Office Dept" (Office Depot) and "McDanny's" (McDonald's).
The $REG token, or "Regular Dollar", is an ERC20 token that is capped at a total supply of 100 million. The rate at which Regulars accrue $REG is based on a variety of factors, including the company a Regular works for and the position held at that company. There are additional bonuses that can also affect $REG accrual:
- Seniority: Ranges from 0-5, but set initially at either 0 or 1 for all Regulars. The project's FAQ page states "there will be ways to increase your seniority level in the future."
- Teamwork: A collector is awarded a Teamwork bonus when multiple Regulars at the same company are held in a single wallet. Specifically, a 10% bump in salary is granted for every 1% of the company owned.
As for the utility of the $REG token, a renaming function where a holder can pay $REG for the ability to update their Regular's name is the first application, and this function will go live tomorrow. The project will also be "opening up a Regular Store where you will be able to purchase other NFTs from the Regulars ecosystem."
Jobs were originally expected to go live earlier in the month, but the drop was delayed twice: once from July 10 to July 17 and further from July 17 to July 29 due to tech issues. Thus far, the Regular Jobs drop has not had much of an effect on the floor price of the main collection, which has continued to bounce between 0.12-0.2 ETH over the past couple of weeks. Over the past 24 hours, the floor price is up slightly, from 0.14 ETH to 0.167 ETH.
Regulars is delaying its Jobs mint as the team continues to test the contract for the NFT, which expands the project's ecosystem. A date for the free mint has not been announced.
"This week our small but dedicated team has been working around the clock to try and meet today’s scheduled Jobs launch date, but I'm afraid it's time to call it an official delay," said project founder p0pps in the Regulars Discord. "At this point, I am reluctant to give a date, regardless of the fact that we are very very close."
The project released some previews of the Jobs art and screenshots of the pages holders can check their Regulars' salary.
Screenshot of a Regulars NFT with salary information.
Jobs NFTs will help Regulars earn ERC-20 tokens — ones that "will be required to mint future NFTs in the Regulars universe," according to the project's roadmap. Each job has a seniority level (0-5) and salary increases with each level. Most of the jobs will start at level 0 (junior).
Check back on the Lucky Trader Schedule page for updates on the rescheduled mint.
The Regulars NFT announced a new mint on Wednesday afternoon. "Regular Jobs" will begin minting on July 10. 40 Regular Companies will be included in the set of traits, and the team will be teasing each company over the next 2 weeks before the mint date.
At the time of the writing, Regulars NFT has a floor price of 0.22 ETH.