Socials: https://linktr.ee/millionairemafiaclub
Everything is pumping across the board but there have been several slow days in terms of mints opportunities that are testing the patience of some degenerates, one of the reasons why we saw those 3d Pandas getting sold for 8 sols. Although, I can see some great opportunities this week.
One of those hidden opportunities might be these mafias. Following the rules I will first share their mint information:
Supply: 4400
Cost: 3 Sol
Time and Link: Not been shared yet.
So the first thought that came to my mind is what are they offering in return when they are demanding 330 dollars for a supply of 4.4k which counts to almost half a million dollars and keeping it very clear I didn't find anything. Anyways let’s dive into them:
- Roadmap: This might sound harsh but it seems like they copied that roadmap format from their whitepaper and pasted it in the discord without putting any effort or any thoughts about how it will look. I mean you are asking for 330 dollars from your community and the first source of information about your project that is going to be seen by almost everyone who enters your discord is being presented like that. Keeping aside this point I find their roadmap interesting. The vision of the team is that they will own luxury properties, vehicles, etc and they will rent these assets, and then that rental fees will be distributed among the holders as a source of passive income. For this, they have registered their business under the Nevada State Business License Department the details of which have been provided in their roadmap.
- Team: As I mentioned in the first point about how they put their roadmap in their discord, this is certainly not a good look on the team because they got a big 5 member team, a good number of admins and moderators and none of them find it awkward to present their vision like that. However, they have shown some work that they have done behind the screen, they have acquired a High Rise Condo Property in Las Vegas under the name of the project, and they also own a Rolls Royce, a Lamborghini, and a Mercedes Benz 4X4.
- Art: The art looks really fresh. The team has actually put some work to deliver a good quality pfp worthy 3d art for their buyers.
- Engagement: Now this is the strongest arrow in their quiver. Their discord looks really strong in terms of the members you see when you join it. They have managed to onboard Zach (@CryptoZachLA) as one of the advisors of the project and I have been following the guy for quite some time now and this is something I find assuring. Apart from that, they have members from all the big Solana communities which means that almost everyone knows that a project name millionaire mafia club exists. They are also getting an average of 200 reactions per post in their announcement as well.
Those were some of the upsides I found about the project. However, as I mentioned earlier that as per first look I quite don't like the project and there are some reasons for that:
- First of all, they distributed almost 2x of the tokens than the supply of the project to the people who later sold it in the secondary token market because why would you hold a token when there is no guarantee that you will get to mint with it. When the community didn't like this decision they discontinued the first token and announced the second token will get airdropped soon and the buyers of the first tokens from the secondary market will get refunded.
- I do not see the point of holding the NFT. I as a minter will pay 330 dollars which is a huge amount for a project like this (don’t get me wrong but we had projects who have better plans that minted at 1/3rd of the cost of this project). Of course, they are saying that they will distribute rental fees among the holders but there is no certain range about how much you will be able to make from it and in how much time you will be able to recover it.
In my opinion, it is a risky play, there have been slow days in the space which will most likely make people mint anything or everything but in the end, there will be better opportunities in the coming days and at that time how strong a 3 sol mint cost floor will survive you can imagine that yourself. Also as a team, if you are expecting 3 sols then you have to put work in each and every aspect, copy-pasting a roadmap just like that with no details whatsoever shows how serious you actually are in the first place.
If you are looking to mint the project I would recommend understanding the vision of the project and what market that type of business can have in the space. Also if you are looking for a quick flip I would recommend you measure the demand first before pulling the trigger.
As always DYOR.
