Participate in the raffle to get on the whitelist!
Kentaro
Expired
Progress mission: 0 of 5
Expired
Rewards
Reward Results
$2,000 $2,300
Details
Minimal cost
Free
Time required
10 min.
Category
Raffle
Rating
6/10
Risk
Low
On the day of the launch, the floor price on OpenSea reached a high of 1 ETH, equivalent to approximately $2300.
The collection was fully minted in a short period. The collection's price was set at no cost; everyone on the whitelist could mint it for free.
The net profit from an average sale, after accounting for gas costs, was around $2000.
Pros & Cons
Why is it worth it?
Small Supply
The total supply is limited to 500 pieces, which should positively impact the listing floor price.
Lower Sell Pressure on Listing
They have announced a token, which is most likely will decrease initial sell pressure.
Cost-Free
The mint will be totally free, except for the network fee.
Risks to consider
Anonymous Team
The project's team is anonymous.
No Documentation
There is barely any information available about the project itself.
How to participate?
Kentaro is a Web3 social network focused on member value. It launches a limited-edition, free mint collection. This collection is allegedly backed by Math Wallet, and the team claims to have experience in blockchain marketing, advertising, community management, and technology. However, these claims come solely from the team, which remains anonymous, so there's no proof that these statements are true.
On a brighter note, they have announced a token - TARO - which will be the primary token in the Kentaro ecosystem, used as a governance token and incentive mechanism.
Following the recent NFT trend, it's probable that they will airdrop the token to the collection's NFT holders. Because of this announcement, we can expect lower selling pressure upon listing, as fewer people might be willing to sell, waiting instead for the potential token airdrop.
Additionally, the collection's art looks really good, and the scarcity of the supply - only 500 pieces - makes its success more likely. As the mint is free, everyone should consider participating and try their luck in the raffle draws.