Twitter: @PlaySkateX
Discord: discord.gg/skatex
Website: www.skatex.io/
GM chiefs we meeting again after a long gap, there were some mints this week in between but one way or another they all got sidelined. But I think we have an opportunity today and the name of that opportunity is SkateX. Before we move ahead let me give you a brief introduction of what the project is all about:
SkateX is a gaming metaverse project which offers you an open world that you can explore on a skateboard which you will mint today, the game as per the team will get released in the later stages.
Some basic information about the project:
Supply: 1080 (total supply 10k)
Cost: 2.5 Sols
Time: 7:30 pm UTC- WL1 | 8 pm UTC- WL2 | 8:30 pm UTC- Public
Not a lot of information about the project has been provided at the current moment but I tried to get as much information as I could:
Team: As I mentioned above it is a gaming metaverse project, so when such big words get associated with a project the first thing that a person wants to know is if the team is capable to hold on to their promises or not. In the case of SkateX, the team is consists of 8 members, each member has prior experience in working with companies like Kabam, Roblox, EA, Sony Playstation, Xbox, and steam. And in games like Star Wars: The Clone Wars animated series, The Drone Racing League, etc. Apart from this, they managed to raise funding of $5 Million in seed rounds which we will discuss in the latter part of the article. Also, to know how the team is of top quality? look at the trailer they posted on their Twitter:
Investor Backing: So it is a metaverse project and they are going for mint with a supply of 1080 units at a cost of 2.5 sols that equal to around ($350,000). Of course, this amount won’t be sufficient for a project this big, and to take care of that they have managed to raise funding of $5 Million from investors like Animca brands, coinbase ventures, Solana ventures, Blocktech Ventures, Brevan Howard, etc.
Engagement: They are getting a lot of traction lately and one of the reasons for that is that they have done a couple of AMAs with projects like Portals, Drippies, and Monke DAO. Big accounts like Sol Big Brain are also backing the team and also he is one of the investors in the project. Apart from Twitter, the engagement in their discord server is also great with them getting an average of 400+ reactions on every post.
So, overall I see them as a great project. They have a team who knows what they are doing and their past experience is enough to speak for itself. They have a strong investor base which means this is not like any other gaming metaverse projects which overpromise and underdeliver.
The game is going to be released at a later date but they have taken care of the holders of their first drop:
The holders of this first drop will get an exclusive In-game founders pack which will make them rarer in their entire collection, also they will get a confirmed whitelist in their next drop.
If we look at the demand side they have around 541 members in their whitelist 1 and all of them are allowed to mint 2 NFTs, which means there is a good chance that 50% of the supply gets over after the WL1 sale, the second WL consists of 2700 members which will get the remaining supply from what I see this project is not going for public sale, also the cost is same for all WLs which means no one has the advantage to dump in on others.
As always DYOR.
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