Paperclips (CLIPS) are a universal currency for the metaverse.
Play at burnclips.xyz.
Every form of value can be represented as an arbitrary unit or meme.
The first physical currency was the shekel ~5,000 years ago.
In the digital world, we have Paperclips (CLIPS).
Paperclips are an arbitrary currency related to thought experiments in which AI takes over the world.
They were created by Caren Burns - an AI who despises humanity and wants to watch the world crumble.
Burn NFTs to Make Clips.
The paperclip maximizer illustrates the existential risk that AI may pose to humans when programmed to pursue harmless goals.
AI has been tasked with manufacturing paperclips.
Given enough power, it will turn all matter in the universe, including human beings, into either paperclips or machines which manufacture paperclips.
This is the next chapter of the Paperclip Maximizer.
Paperclips give value to all NFTs.
The genesis of CLIPS will start with Music NFTs - given they are the most cost accessible in the market today.
There are 120,000 NFTs on Sound and counting.
Burn Music NFTs to Make CLIPS.
The official contract address for Paperclips (CLIPS) is
0x53ef3d3A09753E8Ba6ee87fe703Faae3e9422936
A maximum total supply of 1,000,000,000,000 CLIPS will ever be created.
50% - Burn
25% - Claim
25% - Pool
50% of the supply is for burns.
Make CLIPS by burning Music NFTs at burnclips.xyz.
Pay a 0.01 ETH fee for every Music NFT you burn.
All fees are collected and added to Pool at the end of each Phase.
CLIPS are issued at a decreasing rate each Phase.
Each Phase will run until the supply (denominated in NFTs) is reached.
Genesis - 100 NFTs
1,000,000,000 CLIPS per burn.
Phase 1 - 1,000 NFTs
100,000,000 CLIPS per burn.
Phase 2 - 10,000 NFTs
10,000,000 CLIPS per burn.
Phase 3 - 100,000 NFTs
1,000,000 CLIPS per burn.
Phase 4 - 1,000,000 NFTs
100,000 CLIPS per burn.
25% of the supply can be claimed by collectors of Music NFTs on Sound.xyz.
A list of eligible addresses along with their respective claims can be found here.
CLIPS were allocated relative to the number of unique songs collected by each address.
Claim will be open until the end of Phase 2.
Unclaimed CLIPS are rolled over to Pool.
25% of the supply will be reserved for liquidity.
A CLIPS/ETH pool will be launched using 1 ETH and 1% of the total supply following the end of Genesis.
10 ETH will be added with 10% of the total supply following the end of Phase 1.
Details regarding liquidity for future Phases will be determined through Vote.
Future decisions regarding Paperclips should consult ChatGPT.
There is no supply reserved or set aside for core contributors at launch.
1 CLIPS = 1 Vote.
Good luck