Synopsis
The Galactic Geckos are a group of mercenary space racers who participate in an intergalactic relay race. There are 4 factions of gecko racers that compete. You can distinguish the factions by the background color in the NFT.
4 Factions (If you collect 1 item from each faction, you get extra rewards)
-
Targari: Black background;
-
Alura: Purple background;
-
Barada: Red background;
-
Martu: Green background.
There should be a 5th faction this year
3 collections from GGSG
-
Geckos
10,000 supply. These are needed for full discord access (alpha, wl, etc.)
FP — 36.25 SOL; ATH — 44 SOL; ATL — 2.7 SOL; Listed — 241 -
Enigma Crystals
2600 supply. These are intended to be used as keys to unlock future utility, but the roadmap for their use has not yet been determined.
FP — 3.88 SOL; ATH — 19 SOL; ATL — 1 SOL; Listed — 138 -
Concordians
3,200 supply. These are pets that give access to some chat channels and have no immediate plans for usefulness
FP — 1.59 SOL; ATH — 3 SOL; ATL — 0.3 SOL; Listed — 309
Project History
Geckos — mint was at the end of September 2021, 2 SOL. There are 4 factions, those who had 1 of each faction in their wallet got a crystal later in October. Then they gave a pet for each crystal. And the project was in the top 5 projects on Solana.
Rug History
The problems started after the airdrop of pets (which is why some community members still hate them). No effort in new knowledge (terrible writing and art). Poor collaboration with other projects. No clear roadmap.
Then the team came up with the idea that you need to collect ship parts (by minting them) to be able to participate in the future of this project, with the development team asking to raise ~15k SOL to mint ship parts in addition to the amounts they already received from minting and royalties.
The community wanted more information on why this was even necessary. With a request for more visibility and transparency, the Development Team was rebuffed by the Community and showed a lack of empathy.
Some geckos looked into the treasury purses and found that most of the treasury funds had already been spent. There were only a few hundred SOLs in the treasury. And later it was confirmed that only 20% of the royalties were going to project development. The other 80% went to personal wallets.
Then the community notified the development team that they would not support the ship parts mint or the project if it continued this strategy, so a DAO was formed.
After weeks of negotiations and some unrealistic demands from the development team, who did not respond for days, making it clear that they would rather see the project die than give it to the community, the price dropped to 95% of the highs.
Finally, the developers agreed to sell the project, thinking they would walk away with the money and it was still a dead project. A deal was reached and the DAO officially took control of the project, including IP, social media, websites, and domains.
The original owners have been bought out. As part of the agreement, they receive a 30% royalty within 1 year of the buyout on 2/22/222.
GGSG is rebuilding, and it wants to get back to where it was in the top 5.
I don’t believe there is a stronger community in the NFT space, ask the people who have been here since the beginning and ask the people who knew the whole story.
Roadmap
Because of the speed of the space, they prefer flexibility and don’t want to stop with a traditional roadmap that lasts 1 year or more. There will be several manuals per year.
Utilities
-
Staking
Contribute your Gecko to start earning $Cred, which will allow your Gecko to unlock everything Geckoverse has to offer. Also, in the future, use this token to mint 5 Fractions.
-
the Gecko DAO
Can be accessed by having Geckos. Normal DAO, nothing supernatural. The DAO has since been run by a 70/30 royalty split — with the DAO getting 70% and the founding team getting 30% — as part of a buyout agreement (which expires in February 2023).
-
Website
On it I found training in standard terms in NFT and information about the project. You can go to staking / see your gecko’s rarity / go to the apparel store.
**So what’s the benefit of being a gecko?
**Being part of the amazing and close-knit OG Solana community. I’ve also been told that gecko holders get better airdrops. They recently got BONK, FRONK and will get COPE.Why did they go up in price?
Holder’s Answer: A super strong community of diamond hands who believe in their vision and love to collect. The long-term belief is that intellectual property/provenance creates significant commercial opportunities for the brand.Community
From the words of the new funder: they are OG, because they have experienced all the ups and downs, continue to believe and help them climb to the top. The project is in the top 100 and just gaining momentum. The number of PFPs and mentions on Twitter are increasing. There is no support from the major Influencers, but the community itself is cohesive.
Team
CEO — https://twitter.com/genuinearticles
CEO — https://twitter.com/TRAPJNR
Merketing — https://twitter.com/OnlyFuds
Community Manager — https://twitter.com/MSterrling
Art / Lore — https://twitter.com/Ishmael__369
Bottom line
As I understand it, this is a similar collection to SMB, that is, a PFP collection, but with a strong community. They don’t give anything that useful, but the community rules xD
You can find most of the informative stuff and stories on their discord server. They have dedicated tracks specifically for that.
What’s in the future?
Important near-term goals are the launch of the animation station and the fifth faction mint. On February 23, the old team will finally be cut off. Holders are expecting more demand on that day, as people didn’t want to buy because the old team was getting some of the royalties.
The geckos have also opened requests for funding for gecko holders as part of the green list initiative. These are the main short-term items.
Apparently we’ll see more from them by the end of the first quarter when DAO has more time.
Thanks for reading!
Medium (ENG)
Twitter: @volgga_sol