Twitter: @CoralTribeNFT
Discord: discord.gg/B4MJcX72g9
Greetings Chiefs!
Just like me, you all must have been enjoying the recent volume coming into the Solana nft ecosystem. The hype and demand have been so strong lately that almost all the projects that launched lately have done well in the secondary marketplace. To sustain that demand and volume, there will be three big mints that are going to happen today, namely:- Crypto Coral Tribe, Female Remnants and Floating Apes. One of them already has proven themselves in the past (Remnants) and the rest of the two are showing great promise.
Here in this article, we are going to talk about Crypto Coral Tribe.
You must have heard this phrase a lot “we are here to change the space”, of course, an optimistic approach is always a good to go thing but the one project that is going to change the trend with their approach and vision is Crypto Coral Tribe.
This is not your usual community-associated, staking project with metaverse integration in its roadmap, rather they are here going to leverage art and tech to invest in the natural world. Hence the name “Coral Tribe”.
Before we move ahead let me give the information about the mint:
Supply: 6565
Cost: 1.8
Time: 2 pm UTC (Presale) | 5 pm UTC (Public)
Let’s take a deep dive into their vision:
Roadmap: As I said above the main aim of the project is to protect 3000 coral reefs around 3 continents and the main catalyst towards this vision is a Community Impact Fund which will be seeded with 50% of the mint revenue.
So how is this impact fund gonna work?
The time is working on releasing a beta dashboard of the Impact Fund. This dashboard will be made accessible to all the holders and they will be able to see the collective impact of the CCT, proposal rounds, voting mechanisms and holder rewards.
There will be different ways in which the impact fund will get utilised and as a holder, you have a vote in deciding which proposal is the best to go for and in return the holders will get a share from the returns of the investment.
Some examples of how the impact fund is going to get utilised:
Digital Art: Here the main aim of the investment will be to support artists across disciplines contributing to the well being of our planet. The artwork of these artists will go on a special 1/1 auction with the holders of Crypto Coral Tribes getting exclusive access to it and a share in the revenue earned from the sale.
Marine Conservation: This will be directly linked to expanding their research, infrastructure and networks to increase the commercial viability of coral restoration operations. Here the holders will get free memberships to go diving at marine reservations across the globe.
Sustainable Business Ventures: Here the main aim will be to save endangered coastal areas and support local communities while promoting sustainable practices through permaculture farms, eco-home infrastructure and renewable energy systems.
Staking: Since the community is going to be included in every decision of the project and they will get benefits from these investments, there needs to be a utility token and $AQUA is the utility token of Coral Tribe.
Benefits linked to holding $AQUA are as follows:
- When you stake your NFT, it will increase the weight of your vote in the impact fund which will later decide how much return are you going to have from that investment.
- Rewards purchased by holders through $AQUA can be linked to your CCT NFT- creating a mechanism for increasing the NFTs' value and rarity. Once the NFT is traded, any rewards tied to it will be passed on to the buyer.
- Each reward will be capped so only a limited number of people will have access to it — thus acquiring rewards can be thought of as acquiring rare traits with unique utility.
- $AQUA will be the exclusive bidding token for the 1:1 Super Corals auction (5 pieces total).
- $AQUA will give access to the breeding of the Gen2 collection.
- The team has planned a launch of Sustainable Merchandise designed by Christian Chegne, co-founder of the CCT and former creative lead for Calvin Klein, Versace and others. $AQUA will give you the option to buy this merchandise.
- Nature Retreats: To build a strong bond among the community there will be some IRL experiences organised by the project, the passes of which can only be bought via $AQUA.
Solarpunk Academy: Solarpunk is a movement that envisions a future where technology, clean energy and self-orientation come together to form a new civilisation.
The main aim of this academy will be to provide a series of art workshops with their artist, learning resources around self-sufficiency and financial sovereignty, as well as hackathons supporting tech solutions to environmental problems.
Metaverse Integration: Since the team has planned so many things to do in the real world, why not take the vision to the virtual world as well. And as per the lite paper, they are fully ready for a metaverse integration with the 3D rendered Crypto Corals produced by Darko Mitev — former producer for Disney, Netflix, Apple and others.
Art: This is one of the things that attracted me to the project. The art is inspired by avatars infusing futuristic references with an indigenous art style of their artist João. It is a hybrid of coral reefs, wildness and technology. All the art pieces are 1/1 with so much detail and top-notch quality. Not just the art but the video that they posted on their Twitter and their website which they built to claim the tokens of them shows how professional and hard-working the team is.
This is by far one of the best pfp worthy art in the Solana NFT Marketplace.
Engagement: If you are following Solana NFTs even on the sidelines, you must have heard about Crypto Coral Tribes. They are the talk of the town for the past few weeks with everyone collaborating with them, tweeting about them, making a thread about them and just simply appreciating the art of the project.
The team has a strong discord with around 36,000 members with 8,000 online members and they are clocking an average of 1500+ reactions on their announcements and their sneak peeks.
Apart from Discord, their Twitter looks pretty strong as well around 45,000 followers. They have pretty active on their Twitter with the videos, art sneak peeks and threads about the project and is getting an average of 700+ likes per post.
One more parameter of how strong the hype is, the tokens of a project with a supply of over 6500 are getting sold for 2.5+ sol.
To conclude, I would say this is one of the strongest projects that has gone to mint in the past few months.
The team is doxxed with some pretty big names with vast experiences involved and has shown how professional they are time and again.
The vision of the project is unique and strong as well, and it is something we don’t see on Solana every day.
The volume in the space is giving higher highs every day and in such conditions, a project like Crypto Coral Tribe should do wonders.
I won’t recommend minting after buying a token because that will increase the risk by multiples. However, it is upon you how much risk you are willing to take, just make sure you are good at mathematics.
I would rate the project 3.75/5 based on the fact that it has great art and a great team, the team has also planned some great utilities but I will wait to see the perception the community forms of those utilities.
As always DYOR.
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