Regular Jobs Are Here!
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.