Edited and translated by @metastarry References from @cdarrowETH @Green98926689 @Westlife29Nic
As the cryptocurrency market has fallen dramtically, the cold winter of NFT market is coming. Even in such a depressed bear market, Degen Toonz bucks the trend and breaks ATH. This article will analyze why Degen Toonz stands out in current market.
1. Project Overview
Total supply: 8888
Mint price: 0.085e
Related link：
- Website: https://degentoonz.io/
- Opensea: https://opensea.io/collection/degentoonz-collection
- Twitter: https://twitter.com/DegenToonz
- Instagram: https://www.instagram.com/Degentoonz/
- Discord: https://discord.com/invite/DegenToonz
1.1 Toon-team
Co-Owner/Artist: Prince Lail
Prince Lail is a 27-years-old artist and he has been very lucky to have worked with some amazing people over the course of my artistic journey! He has worked with many A-List celebrities such as Quincy Jones, The Jackson Family and Jaden Smith. With the rise of NFTs, Prince began to explore his own vision and path without restrictions! Prince is a calm, patient and well-executed person who loves Toonz community so much. He is polite, organized and considerate when speaking on Twitter Space.
Co-Owner/Project Developer/Artist: Bader Asad
If Prince is compared to ice, then Bader is the burning flame. Bader Asad is an entrepreneur, the same age as Prince, 27 years old, and an NFT Fanatic, Complete Crypto Degen! Along with his passion for cryptocurrency and NFT, he has been blessed to build multiple successful businesses from the ground up. Rooted in LA, Bader is the brains of the team, handling collaboration of teams and the one who comes up with some dope ideas to spark the community. It's worth noting that Bader and Prince have been shown on their Twitter profiles as founders of @TheStudio222 since March. Although @TheStudio222 is following Degen Toonz team, Bader and Prince have revealed any information about it. It is widely believed in the community that TheStudio222 will be part of the Degen Toonz project, and serves as an access between Web2 and Web3.
Bader with Steve Aoki in NFT LA
1.2 Roadmap
Phase I: Launching the Collection
REWARD THE GROWING COMMUNITY WITH GIVEAWAYS INCLUDING ETH, NFTS AND SPECIAL ROLES WITHIN THE COMMUNITY WITH WHITELISTING BENEFITS
Phase II: Community & Connection
- ENABLE OUR DAO SYSTEM
- EXCLUSIVE AIRDROPS INCLUDING ADDITIONAL TOONZ AND ETH TO CURRENT HOLDERS
- MINTING REWARDS AND OFFICIAL MERCH STORE RELEASED
Phase III: Public Service
- ACTIVATE AND FUND THE COMMUNITY AND CHARITY WALLET
- FIRST IRL MEET UP IN LA
PHASE IV : TOON TOWN
- THE METAVERSE ACTION - DAO VOTING STARTS CONSTRUCTION OF TOON TOWN IN THE METAVERSE
- $TOON TOKEN FOR HOLDERS (ONGOING)
PHASE V: The Next Generation
- DEGENTOONZ DROP II (ONGOING)
- BUILDING A FOUNDATION FOR PLAY 2 EARN
Claimable NFT for each Toonz will be launched on May 31st, 2020.
Toonz teams are revealing more clues about the airdrop in a narrative way and creating a lot of suspense, which has attracked attention of many NFT enthusiasts. New clue will be revealed in each Twitter Space and it is very funny to guess and discuss what’s hidden in the box. Based on current information, it is confirmed that one claimble NFT for each Toonz in wallet. 3 claimable NFTs can be combined into 1 higher tiered one. It is widely believed that each Toonz can be mutated through TNT or chemicals based on their original characteristics. As there is a selected amount of tiers can be created, the number of Mutant Toonz will be less than 8,888.
1.3 Community & Culture
*Many NFT projects claim to have strong communities. However, it is hard to find a community as crazy and peaceful as Degen Toonz.*
The vibe in Discord is extremely good. You can share your favorite Toonz and lifestories, and the entire community will show you love and blessing. A single tweet from a new toonz family can gain hundreds of likes and follows.
There is not much floor price discussion in discord and Toonz famlity didn’t care about FUD and price fluctuation. It is hard to belive that such a good project went through a difficult period 3 months ago.
The community understand that success of a project comes from their continous effort and everyone is contributing the development in their own way.
The project team is known for its love and kindness. Each week there will be two official Twitter Spaces each week, hosted by marketing manager Joel Contartese, with Bader and Prince dropping by for a chat and a little alpha reveal.
There will also be daily Twitter Space organized by community fanatics! Here you can express yourself, show your talents and share your life.
Degen Toonz's outstanding design has attracted many celebrities, including Rapper Snoop Dogg, famous actress Rebel Wilson and several NFL and NBA stars. Many Toonz lovers join the community to help promote and contribute the community. It is worth mentioning that Degen Toonz has broken the so-called ‘Aoki Curse’.
There are many touching stories in Degen Toonz community.
--Due to some issue, one toonz lover active in discord and Twitter Space can’t afford to buy his favorite toonz. Bader sent back the money to him directly after hearing his story.
-- When a Toonz holder's wallet was hacked, one of the community member @M0R84N bought it and gave it back to the owner.
The teams and the community are truly heroes. You can always see love, kindness, passion, encouragement and happiness in Toonz family. Where can you find such a perfect community like Degen Toonz?
Based on the trading record, it seems that "ranking doesn't matter, just buy what you like" has become an accepted rule in the community.
‘Collect your cats and invest in people’ ---- Degen Toonz community.
2. Data Analysis
2.1 Degen Toonz Status ( UTC 5/18)
Supply：8888
Creator Fees：6%
Launch Date：2022 Jan
Holders：3,762 (including 689 Blue-chip holders）
Blue-chip Index：18.28% （*Index：percentage of blue-chip holders）
Floor price：1.6e
Avg price：1.57e
24hrs volume：134.34e
Data source: nftscoring, nftrank, nansen,nftgo
2.2 Marketcap & Holder details(UTC 5/18)
Current MC: $15.4M, Rank 117
Volume: 24hrs volume $285K, Rank 32
Whale holders: There are 23 whale holders in Degen toonz. Compared with mfers’s 110 whale holders, Degen Toonz NFTs are not concentrated.
Data source: nftgo
2.3 MC & Volume
The market cap is showing a stable upward trend and the chart looks quite good. The market cap is predicted to increase in the following days, as claimble NFT will be launched on 31st May.
2.4 Daily Price Chart
The volume and average price show a steady increase since May. On May 16, the whale holder hoolz.eth bought a Robot Toonz for 11ETH, which is the highest traded price in May. The cryptocurrency market entered into bear market in mid-May due to LUNA's death spiral, while TOONZ's floor price steadily increased, reaching ATH of 2.2e on 18th May. Current floor price remains at 1.6e.
2.5 Holder Analysis
Based on the trend, the whale holders started to buy Toonz after May 15th, which reflected a FOMO sentiment. The entry of KOL and celebrities made Degen Toonz a hot topic on twitter, attracting lots of new players to enter. The floor price is expected to break ATH again before the airdrop launching.
According to above chart, the number of addresses holding Toonz for less than one day has doubled in the past month, occupying 1.18%, which indicates that new players are entering.
The number of address holding Toonz for 7-30 days remained stable while the number of address holding Toonz for 30 days to 3 months declined over the past week, which illustrates that early entrants have taken profits and exited. Currently holders are bullish on Degen Toontz's development and there is not so many frequent trading records.
The distribution of TOONZ is not concentrated, with the top 3 holders holding a total of 4.6% of the overall supply, which does not have much impact on holder index.
2.6 Blue-chip Index
Current blue chip index of Degen Toonz is 18.28%. Compared with other popular projects, the figure is not that high. However, it won’t affect Degen Toonz becoming the next blue chip project.
3. Future Development
Degen toonz has the potential to become a blue chip to a certain extent. The excellent design and the team’s ambition implied that Degen Toon was not simply a PFP project. Even in such a depressed bear market, Degen Toonz bucks the trend and the floor price increased 500%. The rising trend of Degen Toonz is similar to last year’s BAYC.
NFA! Always DYOR!