Community Metrics

Background

One of our mental models is that NFT collections are publicly readable databases of people with similar interests. For example, we believe that, statistically, people who own The Memes NFTs might be more likely to be interested in the principles of decentralization than average.

We further believe that by seeing collector behavior on-chain, we can further delineate different profiles. In other words, someone who bought a few Meme Cards early and then just held them is likely a different psychological profile than an active buyer and seller.

We calculate and make available community wide (all of them directly from public blockchain data) and we expect to add more metrics over time. These metrics may be used from time to time by us for allowlists, by others for their own allowlists or by anyone for any purpose whatsoever.

No metric is the 'correct' metric. They are just different ways to look at the community. We expect to continue to add (but not subtract) metrics over time, in the hope that some might be useful to others.

Our current view is that we can consolidate metrics for up to 3 addresses via an on-chain delegation tool. This is something we will review in a future release of these metrics.

Note that there is no provision (or planned provision) for staking or locking NFTs. We suggest that people use their NFTs in the normal way they like and the metrics will just reflect their actual actions.

Metrics Definitions

Cards Collected: This is the total number of The Memes NFTs owned by an address

Unique Memes: The total number of unique The Meme NFTs owned by an address

Meme Sets: The total number of complete "sets" of The Memes NFTs owned by an address, either for all SZNs or a specific SZN

Meme Sets -1: The total number of complete "sets" of The Memes NFTs owned by an address, excluding 1 card

Meme Sets -2: The total number of complete "sets" of The Memes NFTs owned by an address, excluding 2 cards

Genesis Sets: The total number of complete "sets" of the first three Meme NFTs owned by an address

Purchases: Number of NFTs (Memes or Gradient) bought by an address

Purchases (ETH): Amount of ETH spent on those NFTs by an address

Sales: Number of NFTs (Memes or Gradient) sold by an address

Sales (ETH): Amount of ETH received by an address from the NFT sales

Transfers In: The number of NFTs (Memes or Gradient) transferred into an address

Transfers Out: The number of NFTs (Memes or Gradient) transferred out of an address

TDH (unweighted): "Total Days Held" - The total number of days that the NFTs (Memes or Gradients) held in an address have been held by that address. Each NFT-day counts as one. This figured is calculated daily at 00:00 Coordinated Universal Time (UTC).

TDH (unboosted): The TDH calculation above weighted by the size of the card edition, with FirstGM edition size (3,941) being weighted as 1.

So for the purposes of this calculation, SeizingJPG with an edition size of 1,000 is weighted as 3.941 (3,941/1,000), Nakamoto Freedom is weighted as 13.136 (3,941/300) and Gradients are weighted as 39.020 (3,941/101)

TDH: "TDH (unboosted)" multiplied by a fun qualitative factor based on which NFTS were collected. The boosters are as follows:

TDH 1.3 (March 29, 2024 - present)

Higher of Category A and Category B Boosters, plus Category C Boosters

Category A

  1. A complete set of all Meme Cards: 1.3x
  2. Additional complete set of Meme Cards: 1.02x (up to a maximum of 2 additional sets)

Category B

These boosts are applied to the total TDH, not just to that SZN's TDH
  1. SZN1:
    1. Complete Set: 1.05x or
    2. Genesis Set: 1.01x and
    3. Nakamoto Freedom: 1.01x
  2. SZN2: Complete Set: 1.05x
  3. SZN3: Complete Set: 1.05x
  4. SZN4: Complete Set: 1.05x
  5. SZN5: Complete Set: 1.05x
  6. SZN6: Complete Set: 1.05x

Category C

  1. Gradient: 1.02x per Gradient (up to a maximum of 3 Gradients)
TDH 1.2 (December 30, 2023 - March 28, 2024)

Higher of Category A and Category B Boosters, plus Category C Boosters

Category A

  1. A complete set of all Meme Cards: 1.25x
  2. Additional complete set of Meme Cards: 1.02x (up to a maximum of 2 additional sets)

Category B

These boosts are applied to the total TDH, not just to that SZN's TDH
  1. SZN1:
    1. Complete Set: 1.05x or
    2. Genesis Set: 1.01x and
    3. Nakamoto Freedom: 1.01x
  2. SZN2: Complete Set: 1.05x
  3. SZN3: Complete Set: 1.05x
  4. SZN4: Complete Set: 1.05x
  5. SZN5: Complete Set: 1.05x

Category C

  1. Gradient: 1.02x per Gradient (up to a maximum of 3 Gradients)
  2. Identity: Boosts can be earned for both a) and b) below:
    1. 1.03x on any address that is part of an active Seize profile
    2. 1.01x for having an ENS domain/subdomain active on all addresses in a consolidation
TDH 1.1 (July 14, 2023 - December 29, 2023)

Higher of Category A and Category B Boosters, plus Category C Boosters

Category A

  1. A complete set of all Meme Cards: 1.20x
  2. Additional complete set of Meme Cards: 1.02x (up to a maximum of 2 additional sets)

Category B

  1. SZN1:
    1. Complete Set: 1.05x or
    2. Genesis Set: 1.01x and
    3. Nakamoto Freedom: 1.01x
  2. SZN2: Complete Set: 1.05x
  3. SZN3: Complete Set: 1.05x
  4. SZN4: Complete Set: 1.05x

Category C

  1. Gradient: 1.02x per Gradient (up to a maximum of 3 Gradients)
  2. 1.02x for having an ENS domain/subdomain active on all addresses in a consolidation. The purpose of this boost is to improve legibility of the collector profiles. The ENS domain can be anonymous or pseudo.


TDH 1.0 (January 30, 2023 - July 13, 2023)

(1)
A complete set of Meme Cards1.20x
+ 0.02x for each additional Meme Card set
and
+ 0.02x for each Gradient
with a max of 1.30x

or

(2)
A complete set of Meme Cards - 11.05x
A complete set of Meme Cards - 21.04x
A complete set of Meme Cards - 31.03x
A complete set of Meme Cards - 41.02x
A complete set of Meme Cards - 51.01x
A complete set of genesis cards (cards 1 to 3)1.02x

or

(3)
A complete set of genesis cards (cards 1 to 3):1.02x

Each address uses the highest value that it is eligible for from #1, #2 or #3


Levels: TDH and rep are added together and the level is determined by the table below. It is our most integrated measure of trust in our ecosystem. Rep is not live yet so for this initial release, levels are determined solely by TDH.

TDHLevel
00
251
502
1003
2504
5005
10006
15007
30008
50009
750010
1000011
1500012
2000013
2500014
3000015
3500016
4000017
4500018
5000019
6000020
7000021
8000022
9000023
10000024
11000025
12000026
13000027
14000028
15000029
16000030
17000031
18000032
19000033
20000034
22000035
24000036
26000037
28000038
30000039
32000040
34000041
36000042
38000043
40000044
42000045
44000046
46000047
48000048
50000049
55000050
60000051
65000052
70000053
75000054
80000055
85000056
90000057
95000058
100000059
125000060
150000061
175000062
200000063
225000064
250000065
275000066
300000067
325000068
350000069
375000070
400000071
425000072
450000073
475000074
500000075
550000076
600000077
650000078
700000079
750000080
800000081
850000082
900000083
950000084
1000000085
1100000086
1200000087
1300000088
1400000089
1500000090
1600000091
1700000092
1800000093
1900000094
2000000095
2100000096
2200000097
2300000098
2400000099
25000000100