ChainZoku
NFTs
Zokus by ChainZoku
Rewards
Reward Results
$200 $270
Details
Minimal cost
~$150
Time required
5 min.
Category
Raffle
Rating
6/10
Risk
Medium
Deadline
2023-05-31
At the day of the launch, the floor price on OpenSea / Blur was 0.24 / 0.2 ETH, which is equivalent to $420 / $348.
The collection sold out. Even people who didn't make the whitelist could mint it during the public round, so everyone had the chance to mint it.
The mint price was 0.087 ETH, which equates to approximately $150 given the current ETH market price of $1740. After the launch, the NFT price stagnated for a while for it to then triple, with the average sale price now hovering around 0.24 ETH or approximately $420.
Therefore, the net profit from an average sale, after accounting for gas costs, was around $270.
Pros & Cons
It is possible to get WL through premint raffle, so it doesn't require a lot of engagement from the user
The most important team members are doxxed and are pretty known in web2
Previous collection sold out instantly and gained a high floor price
High mint price / supply, coupled with low volume in NFT's right now might result in a failure of this project
How to participate?
The project has been prepared for a long time (>1 year), it may have a kickstart because of the previous collection that they released, which was a success (0.75E floor price at ATH and 662 total volume in ETH). This project also plans on implement staking mechanisms and NFT customization, which may incentivize to hold the NFT for a longer time. The concerns relate to the supply and mint price, which are TBA, if either of these is too high, this project might not do well.