GOLD RUSH: Not A Punks Cult ApeChain Prospectors Can Now Swap Their Gold Ore For $NGT Token!

ApeChain’s gold rush is in full swing this evening after Not A Punks Cult launched its all new Merchant mechanics in the mines, inviting on chain prospectors to break down their Gold Ore for an up only coin called Not A Golden Token, aka $NGT!

Photo From Not A Punks Cult Co- Founder ChipmOnkey

On Friday, the Not A Punks Cult ApeChain mines finally got their Merchant which acts as a digital pawn shop for the ecosystem. This Merchant is designed to convert miners’ non-fungible Gold Ore into $NGT tokens and facilitate $NGT swaps, buys, and sells.

“It's live: Swap, Buy, Sell, Deposit all available on: https://themine.io/gold-merchant,” Not A Punks Cult's Uncle Mac tweeted. “I'll give you a little bit of time, then I'll start stacking some Gold for myself!”

 

As the Bored Ape Gazette previously reported, $NGT and the tokens inside the Gold Ore NFTs that miners found in ApeChain hashes this year are one and the same, according to Uncle Mac.

“NUGGET IS GOLD - It's the same 21million Gold (Proof-of-Work) Mined from The Mine,” he tweeted yesterday night. “When you trade in a Gold Ore you get the Gold Quantity back in $NGT minus 5% taken to initially fund the LP on @CamelotDEX by the Team and minus 5% to the Holder of The Pickaxe that Mined the Gold Ore. Please Note: You don't have to do anything with your Gold Ore at this time, unless you're looking to trade it.”

 

 

If all this has you scratching your head, Not A Punks Cult Co-Founder Chipm0nkey took to the timeline with a chaotic-yet-helpful rant to clear things up.

“So we sold picks right and then we all used the picks to mine gold ore,” he tweeted. “Not real gold ore, digital gold ore, yeah the picks are digital too. It’s on ApeChain. No the ape isn’t on a chain, it’s a blockchain. The Ape didn’t mine, we all did. Anyway the mine earned Ape from the pick sales which made the ores worth something. Then we made the ores a liquid token called Not a gold token or $NGT (nugget), I know, it’s hilarious right. So people bought the nugget and then we opened the ore merchant so people could sell the ores they mined any time they wanted. So yeah it’s this genius gold flywheel that’s not real gold as it’s limited to 21 million, yeah like bitcoin. So it’s like gold but also like bitcoin and yeah you’ll be able to forge gold coins soon and use them for cool stuff. Anyway thanks for delivering the pizza. Do you accept nugget?

 

 

Everyone holding Gold Ore NFTs is invited to check out the Merchant and start trading their Gold Ore NFTs for $NGT here:: https://www.themine.io/gold-merchant

 

The Bored Ape Gazette will continue to follow $NGT and the ApeChain gold mines and will keep you posted on what Not A Punks Cult does next. Stay tuned for updates!