Greetings Chiefs!
Bitcoin is giving no signs of relief to the investors but surprisingly the volume on Magic Eden is still above 100,000 Sol every day and the projects are still making decent multiples on the secondary marketplace.
In the previous write-ups, we talked a lot about how a strong community can do wonders for a project. The one thing that was missing in those write-ups was utility. No doubt utility is not everything but you certainly won’t be upset if you get something in return on a daily basis from that jpeg.
So today we will talk about one such project which focuses mainly on how you can perform better in the space and increase your bag size.
Let’s talk about Anonymous Crypto Dealer
The only thing that you need if you are active in the crypto or the NFT space is information. If you have the right information at the right time you can easily capitalize on it and can make some decent profits. But there is no definite source of information as it is scattered.
Anonymous Crypto Dealer claims to provide you with all the information you need in one discord server at the cost of buying their NFT.
Before we move ahead let me share the mint details:
Supply: 4488
Cost: 1.5 Sol
Wen: 13th of May 2022 via Magic Eden Launchpad
Now let’s talk about what they are going to offer…
Information
As per the whitepaper of the project, the team consists of well-experienced individuals which are a part of some great DAOs in the space. The aim is to gather all the important information from all these DAOs in one place and make it available to the holders of ACD.
This means you will have the opportunity to be a part of all the big DAOs for such a small price.
With the help of this information, the team will provide buy signals for the community and will protect their holders from all the rugs.
Liquidity
A lot of guys don’t have enough liquidity to go for all the mints they want to go for at the same time. Now, they look for selling some of their holdings to create enough liquidity to mint the next big project.
ACD claims that they will work together and combine their power to get into every project the community wants to be a part of. From the profits of these NFTs, the value will be created for the holders which has not been disclosed yet.
Whitelists
One of the most used words in the space. Here the utility is no different from all the other projects.
The holders will get the opportunity to take part in whitelist raffles organised by the DAO.
Now let’s talk about how the mint fund will get distributed.
Treasury Funds
This is going to be the top priority of the project with 50% of the mint fund allocated towards it.
The DAO will be split into 4 divisions. Each holder will get access to a specific division based on the NFT he/she will mint. The GOLD TIER NFT will have access to all the DAOs.
Blue Chip NFTs
This section will get 30% of the funds. Here the main focus will be to search for the leaders in the space so that the investors can invest their funds for a long time without any kind of fear.
Rotating
This will be more of an active fund and will get 10% of the allocation from the mint fund. The main focus here will be to increase the portfolio size from actively trading NFTs.
Longterm Cryptocurrency
The ACD DAO will not just focus on providing alpha related to the NFT but related to cryptocurrencies as well. This division will get an allocation of 5% of the mint funds. Here the main focus will be to invest in such projects which will provide great ROI over a long period.
Trading Crypto
This will work in the same way the rotating division will work and will get 5% of the allocation of the mint funds. The goal here will be to rotate profits through different projects through active trading.
The profits from all such investments will be later divided into different categories:
- 50% of the profits will get back to the DAO.
- 25% of the profits will be used to maintain the floor.
- 25% of the profits will be used to burn $ANMS (their utility token).
These were all the fundamentals of the project. Now, let's talk about art and engagement.
Art
Even though it is a utility project and more of an Alpha DAO, the team has focused on providing a pfp worthy art that the community can flaunt on social media.
Engagement
The project doesn’t have such big numbers in terms of followers but the level of engagement they are getting is on a different level and is comparable to all the big projects that went for mint these past weeks.
The first tweet from the official Twitter account came on the 6th of February and till now they have managed to get around 10,000 followers with 840 tweets and we have around 20 common followers. I haven’t seen a lot of crypto influencers talking about them on Twitter and they are getting an average engagement of 50–100 likes.
The Discord on the other hand has around 11,000 members and 2,500 online members while I am writing this article. The chat in discord is fairly active and the average engagement they are getting is around 800+ reactions per post.
Talking about the hype, they launched a collection named Tiger Legacy NFT with an initial floor of 0.22 sol and a supply of 1111. The NFT was a pass to get a free ACD NFT and will work as a staking multiplier.
The current figures for the project are as follows…
To conclude, I would say the project is looking good from the first look but no decision can be passed since the calls have not been seen by anyone as of now. Also, it is in direct competition with all the Alpha DAOs which are currently in the space and already have a lot of eyes on them since they have shown their worth.
The main catalyst of ACD is that it will actively target both crypto and NFT investors. How good their alpha will be we can only find out after seeing the figures. But there are some things to be considered.
- As I said in the beginning, Bitcoin is showing no signs of relief to the investors, now two things can happen: One, that the volume in the secondary won’t come as expected or Second, that you can invest in the project which will provide with all the important information that you need to actively manage your portfolio in times like these.
- The project is getting a great level of engagement on their discord and on top of that, they have decided to launch via Magic Eden which will build more trust among the investors.
I won’t rate the project based on their art and engagement since that is not what they are offering.
As always DYOR.
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Thank You!
