01 / MINT
0.015 ETH per Rig.
The Genesis collection consists of 2,500 DERP Rigs. Each Rig is minted for 0.015 ETH.
DERP RIGS / ECONOMICS
THE NUMBERS
SIMPLE. TRANSPARENT. ON-CHAIN.
Every Rig begins with a clearly defined allocation. The economics are designed so the initial reserve belongs to the Rig rather than being mixed into project treasury funds.
02 / INITIAL RESERVE
0.008 ETH follows the Rig.
0.008 ETH from every mint is assigned to the newly minted Rig's reserve. This capital is intended to fund the Rig's initial interaction with the DERP mining protocol.
03 / GENESIS ALLOCATION
Where the 0.015 ETH goes.
0.008 ETH
RIG RESERVE
Assigned to the newly minted Rig to fund its initial mining activity.
0.007 ETH
RIG TREASURY
Allocated to the DERP Rigs treasury for project infrastructure and ongoing development.
04 / GENESIS SCALE
2,500 Rigs.
2,500
TOTAL RIGS
20 ETH
TOTAL MINT
7.5 ETH
RIG RESERVES
05 / MINING CAPITAL
The reserve is working capital.
The initial 0.008 ETH allocation is not a promise of profit. It is capital assigned to the Rig so the owner does not begin with an unfunded machine.
06 / PROTOCOL COSTS
Mining is not free.
DERP mining sessions require protocol fees. The Rig reserve can be used to fund those interactions according to the DERP protocol's live fee structure.
07 / OWNER ECONOMICS
The Rig belongs to its owner.
Rigs are transferable NFTs and can be traded on secondary markets. Ownership of the NFT determines control of the Rig and its associated reserve, subject to the withdrawal rules encoded by the protocol.
ECONOMIC DISCLOSURE
Mining rewards are determined by the DERP protocol and may change over time. The initial Rig reserve is not guaranteed to produce a return or recover its original value. DERP Rigs are experimental software and should not be treated as an investment product.