"NOT A GOLD TOKEN": Gold Ore From The Not A Punks Cult Mines Will Soon Be Tradable For $NGT Tokens On ApeChain!

Calling all ApeChain prospectors! Your non-fungible gold nuggets from the Not A Punks Cult Proof-of-Work Mines will soon be tradable for fungible Not a Gold Tokens, aka $NGT!

Two months after the ApeChain ecosystem mined 21 million gold coins out of the trenches with nothing but a JPEG and a pickaxe, Not A Punks Cult’s Uncle Mac and TheRuggerDev are debuting the Merchant, a new interface that will act like a pawn shop for gold ore.  Simply put, The Merchant will let miners break down their gold ore into $NGT tokens or craft tokens into new Ores.

Following the announcement, Uncle Mac took to the timeline to answer some frequently asked questions about $NGT, clarifying that it’s the same 21 million Gold from the mine,  just in token form instead of Ores,  and teased crafting and a second season of mining.

“NUGGET IS GOLD - It's the same 21million Gold (Proof-of-Work) Mined from The Mine,” he tweeted 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.”

 

Swapping Gold Ores for $NGT via the Merchant is slated to go live sometime on Friday, accoridng to Uncle Mac.

To stay up to date on all things $NGT and Not A Punks Cult mining, make sure you’re following @theruggerdev and @notapunkscult on X.

 

The Bored Ape Gazette will continue following the mines and keep you posted on $NGT and the next season of mining. Stay tuned for updates!