# FTX Rug by Degen\_Alfie

## What's happening overHere?

* We’re selling 690 limited edition physical "FTX Rugs" by [Degen Alfie](https://twitter.com/Degen_Alfie), dynamically priced via a [bonding curve](https://medium.com/@simondlr/bancors-smart-tokens-vs-token-bonding-curves-a4f0cdfd3388). These FTX Rugs are represented on the Ethereum blockchain by redeemable ERC-20 tokens ($RUG). Only 690 $RUG tokens will ever exist.
* Trade $RUG tokens [overHere](https://overhere.gg/ftx-rug) via the bonding curve. Each buy/sell will cause the price to go up/down. Every $RUG sold increases the cost of the next, but they can be sold back into the overHere bonding curve at any time. 
  * Starting price: 0.069ETH (USD152) per $RUG token. Continuous curve. Fractional purchases. No asymptote.
* Redeem the physical FTX Rug by burning a $RUG token (1 $RUG = 1 FTX Rug). Upon successful redemption, the FTX Rug will be shipped to you within 60 days. You will also receive a [Degen Score](https://mirror.xyz/0xFa44deC04442179576f458298D2908b2FdFf36e6/OeVhY3Ujm19meMQtH7636IBdp2qKLUcKV-QyrvykwHw).

<figure><img src="https://931264037-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FR05wCUzEpKdkvPBreHkD%2Fuploads%2FmxI0W9e6G7IjHAabEGnc%2FRug-textured-towel-perspective1.jpg?alt=media&#x26;token=621f842d-e8c2-437a-b2e6-d8fd9c6350ef" alt=""><figcaption><p>Limited edition FTX Rug by Degen_Alfie - <a href="https://mirror.xyz/0xFa44deC04442179576f458298D2908b2FdFf36e6/O0awYY5DC8MTd-b1mbDuBJVe221Yn7BjhQw4Y65U94A">Read the Story</a></p></figcaption></figure>

## Official Links:&#x20;

Site: <https://overhere.gg/>

Twitter: <https://twitter.com/overHere_gg>

Discord: <https://discord.com/invite/overhere>

Mirror: <https://mirror.xyz/0xFa44deC04442179576f458298D2908b2FdFf36e6>

$RUG Token Address: [0x6Af01E78D403ba892a12e927787e50DFF2dC53df](https://etherscan.io/address/0x6Af01E78D403ba892a12e927787e50DFF2dC53df)

Smart Contract Address: [0xCc1168687be4Cf6f190e3d888762Eb039d170794](https://etherscan.io/address/0xCc1168687be4Cf6f190e3d888762Eb039d170794)&#x20;

Read the Smart Contract Audit report [here](https://github.com/bailsec/BailSec/blob/main/OverHere%20Final%20Report%20Github.pdf).