What is VeeFriends?

VeeFriends is an ambitious NFT project by Gary Vaynerchuk, centered around characters that embody positive traits. It's designed as a blueprint for creating valuable NFT projects, utilizing smart contract technology on the ethereum blockchain to provide real-world benefits to token holders. The project goes beyond art, aiming to create an intellectual property empire spanning television, video games, and more.

• There are 268 unique characters in the VeeFriends universe, represented by 10,255 NFTs.
• These NFTs are categorized into three types: 9,400 Admission tokens, 300 Access tokens, and 555 Gift Goat tokens.
• Each NFT acts as a ticket to VeeCon, a yearly multi-day conference focused on entrepreneurship, marketing, and creativity.

How to Buy VeeFriends with Ethereum

Purchasing VeeFriends requires you to have ETH (Ethereum) in a non-custodial cryptocurrency wallet. VeeFriends cannot be purchased with fiat currency or credit cards.

• Set up a MetaMask wallet and fund it with ETH.
• Visit the VeeFriends website and connect your MetaMask wallet.
• Browse the collection, filtering by token type or using the search function.

Understanding the Dutch Auction

VeeFriends are sold using a Dutch Auction format. This means the starting price is high and decreases over time until reaching a floor price. Once the floor is reached, the price remains fixed.

• The initial price for the lowest-priced tokens is 2.5 ETH.
• The price decreases steadily until it reaches 0.5 ETH, the floor price.
• You can place bids throughout the auction period.

Gas Fees Explained

On top of the auction price, you will incur gas fees, which are the transaction costs associated with using the ethereum blockchain. Gas fees are similar to Uber surge pricing, increasing with network activity. These fees cannot be controlled by Gary Vaynerchuk, MetaMask, or VeeFriends.

• Higher gas fees result in faster transaction times, increasing your chances of winning a bid.
• Lower gas fees may lead to longer processing times and potentially losing a bid.
• You are responsible for gas fees even if your bid fails or is canceled.

VeeFriends Auction Schedule

The inaugural VeeFriends auction is a 5-day event, starting on May 11th at 5:55pm ET. Each day, a new batch of tokens will be auctioned for 20 hours until hitting their floor price.

Day	Token Type	Start Time (ET)
1	Admission (1,700)	5:55 PM
2	Admission (1,700)	5:55 PM
3	Admission (1,700)	5:55 PM
4	Access (300), Admission (1,400), Gift Goat (555)	5:55 PM
5	Admission (1,300)	5:55 PM

Step-by-Step Buying Process

Step 1: Connect Your MetaMask Wallet

Once you have your MetaMask account set up with ETH, visit the VeeFriends website and click "Connect Wallet." Choose MetaMask from the options.

Step 2: Choose Your VeeFriend

Browse the VeeFriends collection under the "Auctions" tab. You can search by category (Admission, Access, Gift) or explore the entire collection.

Step 3: Make Your Purchase

When you find a VeeFriend within your budget, click "Buy Now." A checkout page will display the token ID, auction price, and your available balance.

• Click "Proceed to Payment."
• A pop-up will confirm that your purchase is in progress.
• Your MetaMask extension will also open with a notification, displaying the gas fee.
• You can edit the gas fee amount if you wish to adjust the transaction speed. Higher fees mean faster transactions, but you are responsible for covering the cost regardless of the outcome.

Important Notes:

• Gas prices fluctuate based on network activity. Check gas price websites like Gas Now or Eth Gas Station for current rates.
• Be patient during the pending transaction phase. Do not attempt the same purchase multiple times, as this will result in additional gas fees.
• If a transaction fails or is rejected, wait, refresh the page, and confirm the VeeFriend is still available before attempting to repurchase.

VeeFriends Giveaways

Gary Vaynerchuk recognizes that not everyone can afford to purchase VeeFriends NFTs at the auction prices. To ensure his community has access, he is offering free giveaways.

• Join the VeeFriends Discord community (140,000+ members strong).
• Keep an eye on the #giveaway-info channel in the VeeFriends Discord for updates.
• Gary has set aside a significant number of tokens for giveaways, so stay tuned!

Takeaways

Here's a quick summary of the buying process:

• Familiarize yourself with the VeeFriends website, token types, Dutch Auction, gas fees, and the purchasing process.
• Connect your MetaMask wallet to your Chrome browser.
• Browse the collection and choose your desired VeeFriend.
• Make your purchase and enjoy your new NFT!

VeeFriends is officially here, and we're excited for you to be a part of Gary Vaynerchuk's vision! If you found this information valuable, share it with friends and spread the word about VeeFriends.