Dear Sushi Community,
I am writing to seek a resolution for the SAKΞ situation. This post will include a short description of the SAKΞ project and its connection to SushiSwap, a rundown of the project’s history, and a description of what has been delivered and is still missing. The post will end with a suggestion of steps that should be taken to resolve the situation.
SAKΞ is a limited-edition tokenized sake project described as “bridging tradition and technology with quality design”. The project was curated by a Sake Samurai named Elliot Faber and produced by Kitanishi Shuzo. The bottle was designed by BIG Architects and featured the art of Jonathan Jay Lee. Only 888 bottles of SAKΞ were set to be made .
Bidding for SAKΞ opened on May 20, 2021, on the MISO launchpad , and the auction was completed on May 27, 2021, raising 246000 $SUSHI (worth approximately 3.21m$ at the time) .
A snapshot for additional art by Jonathan Jay Lee, which would also serve as the Shōyu Genesis Token, was taken on October 07, 2021 . Minting the Jonathan Jay Lee Sake NFT opened on October 22, 2021 .
Sake brewing was reportedly completed on January 25, 2022 . The official SAKΞ NFT by fvckrender (redeemable for 1 SAKΞ token) was revealed on February 25, 2022, with promised benefits: the redemption of physical sake, priority access for additional sake bottle purchases, and access to the SAKΞ Metaverse . The website to convert the SAKΞ ERC20 into the official SAKΞ NFT opens on March 13, 2022 .
An allowlist for the new fvckrender project was created on March 16, 2022 . This allowed SAKΞ NFT holders to participate in the Avatars project by fvckrender/lvcidia.
A post from the official SAKΞ account on May 21, 2022, states that the physical sake will be redeemable later the same month or in early June .
Recalling the original promises, the art by Jonathan Jay Lee has been delivered, but the arguably most significant part, the physical sake, is still not redeemable. Additionally, the official SAKΞ account has not made any other posts since May 2022. That said, the Sushi/SAKΞ team has also made some efforts to provide benefits to the SAKΞ community, which were not promised initially and should be appreciated.
Given the concerns and frustrations of the community, I propose that the following steps be taken to resolve the situation:
- Provide a clear and detailed update on the status of the SAKΞ project, including any delays or issues that have arisen.
- Outline a plan for fulfilling any outstanding promises or commitments made about the SAKΞ project.
- Consider implementing measures to prevent similar issues from occurring in the future, such as setting clear timelines and regularly updating the community on progress.
I hope that the Sushi Team will consider these suggestions and work towards a fair and satisfactory resolution for all parties involved.
 “Start of the auction on MISO,” Twitter, 2023. https://twitter.com/0xSAKE/status/1395168118582906882 (last accessed January 03, 2023), Archive Link.
 “End of the auction on MISO,” Twitter, 2023. https://twitter.com/SushiSwap/status/1397688254732718082 (last accessed Jan. 03, 2023), Archive Link.
 “Jonathan Jay Lee NFT Snapshot,” Twitter, 2023. https://twitter.com/0xSAKE/status/1445994750591455233 (last accessed January 03, 2023), Archive Link.
 “Jonathan Jay Lee NFT Mint,” Twitter, 2023. https://twitter.com/0xSAKE/status/1451619688438456333 (last accessed January 03, 2023), Archive Link.
 “Sake brewing completed,” Twitter, 2023. https://twitter.com/0xSAKE/status/1486103933097758725 (last accessed January 03, 2023), Archive Link.
 “Sake NFT Reveal,” Twitter, 2023. https://twitter.com/0xSAKE/status/1497017806092906496 (last
accessed Jan. 03, 2023), Archive Link.
 “Sake NFT Mint,” Twitter, 2023. https://twitter.com/0xSAKE/status/1502788250678661121 (last accessed January 03, 2023), Archive Link.
 “FVCK_AVATAR// Snapshot,” Twitter, 2023. https://twitter.com/0xSAKE/status/1504223727508025345 (last accessed January 03, 2023), Archive Link.
 “Sake Redemption Statement,” Twitter, 2023. https://twitter.com/0xSAKE/status/1528124651859488768 (last accessed January 03, 2023), Archive Link.