Bored Trader is a collection of 10,000 NFTs on Robinhood Chain. The name is the product description: NFTs, tokens, burns, swaps and holder incentives all run through one platform, and each part is wired to the others.

The platform at BoredTrader.co launches in two phases, with further phases optional after that. The $BTRD token and the Bored Trader collection both live on Robinhood Chain.

Assets move between chains over LayerZero, so no operator has to approve a burn or a grant for it to go through. What each contract does with a user's assets is stated on this page and readable on chain.

Phase 1 launched the platform, the $BTRD token and the NFT burn mechanism, and it is running now. Four earlier collections can be burned for a mint pass, and each pass is redeemable for one free Bored Trader NFT when phase 2 opens.

30% of the token supply was placed into a single-sided Uniswap V4 pool at a starting valuation of $100K. That is how a wallet with no eligible NFT still takes part: buy $BTRD on the pool and spend it on a mint pass.

Every token was minted up front to the dev wallet, and a portion sits in an escrow contract. That escrow is what backs the burn mechanism today and what will fund the NFT and token swap in phase 2.

• ·Burn an eligible NFT and take the mint pass it grants.
• ·Buy $BTRD on Uniswap V4 without holding any eligible NFT.
• ·Spend 500,000 $BTRD on a mint pass, which escrows the tokens until phase 2.
• ·Hold those passes until the Bored Trader mint opens.

Phase 2 is a vault of up to 10,000 Bored Trader NFTs on Robinhood Chain. Nothing is minted up front: an NFT exists from the moment someone takes one out of the vault, and each one comes with its own wallet.

There are three ways to mint a new one, all at exactly its backing: redeem a mint pass, pay 500,000 $BTRD, or pay ETH and the vault buys the 500,000 $BTRD on the pool for you. There is no premium on top. The NFT arrives unrevealed and its art is drawn about 24 seconds later.

The backing stays in escrow, so the vault always buys an NFT back: sell one any time for its 500,000 $BTRD, for a fee in ETH. NFTs sold back are for sale again at the same 500,000 $BTRD - pick the one you want, or take a random one for a lower fee.

The holders' half is paid out in rounds - daily, or sooner when enough has built up - to activated NFTs only, each in proportion to its activation tier. Activating costs a one-time $BTRD fee by tier; an upgrade pays the difference. An activation ends when the NFT changes hands.

Payouts are credited to the NFT and delivered into its own wallet, where its owner can withdraw them. Both travel with the NFT. Holders choose what they are paid in - ETH, USDG or tokenized stocks - once the program terms are published; until then every payout is ETH.

The collection is a fixed set of 10,000 pieces, published whole - images, metadata and a rarity table - before anyone can mint, with a single hash committing to it on-chain. Each NFT draws its piece from what is left of the set when it is revealed, by a random number from the chain, so a token number says nothing about the art it will get.

Rarity is the art's alone. What an NFT earns depends only on whether it is activated and at which tier, never on its piece. The final table is the one published with the set.