🔥X:1 Burn-to-Mint (BtM)
What is X:1 Burn-to-Mint?
In short, BtM is a process by which people send in NFTs to destroy/burn and, in return, get a newly minted NFT.
A person can choose 1 to 6 Baby Hoots to burn and mint a new Baby Hoot.
If a person burns 2 or more Baby Hoots in one round, they can choose to keep (and transfer) 1 trait from each of the Baby Hoots being burned to the newly minted Baby Hoot.
If a person burns 1 Baby Hoot in one round, the trait they chose to keep will NOT be transferred to the newly minted Baby Hoot. Essentially, the person gets a fully randomized Baby Hoot.
Start burning! Check it out here: https://hootgang.xyz/burn-to-mint/
Requirements
To use the X:1 BtM, a person must have at least 1 Baby Hoot NFT, Hoot Tokens, and ALGOs.
The more Baby Hoots burned in one mint, the lower the required amount of Hoot Tokens and ALGOs; i.e., 6:1 BtM has a lower cost than a 1:1 BtM. Refer to the table below:
X:1 BtM* | Traits Transferred** | Hoot Tokens | ALGOs |
---|---|---|---|
1:1 BtM | None | 100 | 18 |
2:1 BtM | 2 Traits | 98 | 16 |
3:1 BtM | 3 | 94 | 14 |
4:1 BtM | 4 | 88 | 12 |
5:1 BtM | 5 | 80 | 10 |
6:1 BtM | 6 | 70 | 8 |
* The "X" in X:1 BtM stands for the number of Baby Hoots burned for 1 newly minted Baby Hoot.
** Only 1 trait can be selected from each Baby Hoot in an X:1 BtM.
Frequently Asked Questions
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