Some sober thoughts on the gambling Apes collection on SBCH
Apes collection on SBCH:
1. Good idea to bring (or copy - call it how you want) the top NFT collection right now on ETH over to SBCH
2. Generated a lot of hype and expectations.
3. Minting speed broke all sBCH records (5 mins for 10k NFTs).
4. Post mint situation can be considered from suboptimal to a let down. We only get to access, see our Apes and list them on Oasis Marketplace after 3 days.
5. Apes will have some value (to be defined) in a Gambling Website called Gambling.Cash but not a staking feature.
6. There was no project Roadmap. People just bought the hype and cause of the nice visuals of the NFTs.
7. I'm reading around that floor price will be ~ 1 BCH. I don't think so. Demand decides the floor price and SBCH community is still too small to generate significant flipping demand for a 10K mint project from the beginning
According to info from the Apes Cash Telegram Channel. Gambling Ape Nr. 1000 (Roger Ver Ape) sold for 25 BCH off market. On the other hand, Gambling Apes post launch looks like a sloppy job. Most investors still don't have access to their monkeys as only 1600 have been re-minted for their original owners. This posses two problems: 1) artificially higher floor price as supply is suppressed & 2) most investors not being able to list their Ape NFTs while a small number who got them benefitted and flipped them first.
SmartBCH is the side chain of BCH which is a great example of utility. BCH is still in the race to expand network effect, time is a limited resource. BCH and SmartBCH both are fundamentally better than LTC , lightning or Doge. If businesses start to accept Doge it can "win" just because it has better brand recognition and more users. I'm here because I believe in sBCH, but I also feel BCHs only chance of success is increased amount of transactions and so far, I don't think the work done with smartBCH or adoption is reflected in those metrics yet. Time will tell. But if in one year from today, LTC still has more transactions than BCH (a low hanging fruit that should be easy to beat), I'd start to lose hope in BCH.
Muesli Swap is rebranding itself on #SmartBCH to Cow Swap. The token will remain the same (MILK) but new farms will be added and APR will be boosted for a week. www.cowswap.cash It looks like the Muesli Team wants to create two separate Brands - Cow for SBCH and Muesli for ADA which will retain the name (probs because it's more successful). Personally I think they are doing that in order for people to not confuse the two DEXes and chains, rebrand and trying recapture market on SBCH, & if failing on one chain (eg SBCH) to have limited brand association with the other chain
Joy bot NFTs are important for all Joystick players. If you want to play Joystick games then you must to hold at least one joy NFT. Distribution of gaming rewards will depend upon the power of joy bot NFTs. I bought only one joy bot to enter into games. This is big opportunity for all players to buy and earn Joy rewards in games after minting Completes. On the other hand Reapers owner is working on games. In which reapers would be assests. You will see the worth of reapers after games. Reapers have best roadmap for it's holders. Similarly joy bots can help to earn joy tokens in games. Remember block chain games are the best to increase your portfolio.
Today I will tell you about my learning experience from NFT trading, it's same like a lottery ticket, totally depends on your luck. If you're small investor then it's dependent in your luck what NFT you will get. Or if you're big investor then you will buy full series of NFT'S in this procces many rear NFT big investor mint and they become more rich. Mean if you have money then you will become rich from NFT'S Otherwise depending on luck...... That's all 😉