2022 will be the year for $MAGIC and the wider @Treasure_DAO ecosystem.
Full disclosure: I have $MAGIC staked for 12 months in the Atlas mine.
Reasons for my conviction. A thread:
Full disclosure: I have $MAGIC staked for 12 months in the Atlas mine.
Reasons for my conviction. A thread:
1/ Community & users:
The project has amassed a 45k twitter following, many are already participants in the ecosystem with 10.5k of active wallet addresses holding $MAGIC according to Arbiscan (31 Jan)...
The project has amassed a 45k twitter following, many are already participants in the ecosystem with 10.5k of active wallet addresses holding $MAGIC according to Arbiscan (31 Jan)...
2/ ...@opensea had 516k monthly active users in Jan (42% growth from Dec 21). There are 80m unique crypto wallets and billions of potential users that have access to a smart device. We are early.
3/ Commitment:
Within five days 65% of the circulating $MAGIC supply is staked/locked up in the Atlas mine (as at 31 Jan). The largest single amount currently staked is 2.039m $MAGIC for a full 365 days (Credit: treasure-canary.vercel.app/leaderboard). The epitome of commitment to the cause.
Within five days 65% of the circulating $MAGIC supply is staked/locked up in the Atlas mine (as at 31 Jan). The largest single amount currently staked is 2.039m $MAGIC for a full 365 days (Credit: treasure-canary.vercel.app/leaderboard). The epitome of commitment to the cause.
4/ Passion:
The determination is clear from listening to the Twitter spaces and chatting to the community. The community is committed to the cause, with the ideology scripted in the docs.treasure.lol library. A succinct archive with a clear vision.
The determination is clear from listening to the Twitter spaces and chatting to the community. The community is committed to the cause, with the ideology scripted in the docs.treasure.lol library. A succinct archive with a clear vision.
5/ Benchmark:
$MAGIC has a $1.26bn fully diluted market cap and a current price of $4.
A target price of $40 is certainly achievable if @Treasure_DAO was aiming to be an NFT marketplace competitor to @opensea ($13.3bn Market cap)...
$MAGIC has a $1.26bn fully diluted market cap and a current price of $4.
A target price of $40 is certainly achievable if @Treasure_DAO was aiming to be an NFT marketplace competitor to @opensea ($13.3bn Market cap)...
6/ ...but, Treasure DAO is more than just an NFT marketplace. It aims to bootstrap new decentralised metaverses. It's also boasting multi-chain integration. Combine this with partnership revenue share and I’d say that a 10x is conservative, wouldn’t you? (NFA)
7/ Governance:
DAO is thrown around loosely nowadays, but very few projects utilise the on-chain equivalent within the NFT space. Many use discords as a point of voting. Treasure DAO uses the Treasure improvement protocol (TIP) functionality as an equitable voting mechanism.
DAO is thrown around loosely nowadays, but very few projects utilise the on-chain equivalent within the NFT space. Many use discords as a point of voting. Treasure DAO uses the Treasure improvement protocol (TIP) functionality as an equitable voting mechanism.
8/ Voting:
A vote requires several criteria including a 66% approval to pass. Voting power is weighted based on the $MAGIC staked/locked by the holder. This aligns with the interests of those most committed to the project. Treasure is community driven, a fine democratic model.
A vote requires several criteria including a 66% approval to pass. Voting power is weighted based on the $MAGIC staked/locked by the holder. This aligns with the interests of those most committed to the project. Treasure is community driven, a fine democratic model.
9/ Innovation:
@lootproject launched in Q3 2021 which created a whole new meta of NFT collections. This left it open to the imagination of the participants to do as they desire with the NFT. A wild concept that enabled the Treasure derivative to flourish.
@lootproject launched in Q3 2021 which created a whole new meta of NFT collections. This left it open to the imagination of the participants to do as they desire with the NFT. A wild concept that enabled the Treasure derivative to flourish.
10/ I admit, I lacked the foresight to see where this was going. Testament to the developers who saw the possibilities and built this out, migrating from the original @EtheriumToken collection to @arbitrum fractionalised treasure. I'll not make the same mistake twice.
11/ Partnerships:
@SmolBrainsNFT and @LifeNFT_ are already successful innovative projects launched on the treasure marketplace. Many future partnerships are expected in 2022. One of which is @EtherOrcs, an equally as innovative project, being the first fully on-chain RPG.
@SmolBrainsNFT and @LifeNFT_ are already successful innovative projects launched on the treasure marketplace. Many future partnerships are expected in 2022. One of which is @EtherOrcs, an equally as innovative project, being the first fully on-chain RPG.
12/ The @EtherOrcs developers have a track record of overdelivering and the game theory is incredible. These types of collaborations provide cross project knowledge sharing that can only push the boundaries and drive synergistic growth.
13/ Leadership:
The leadership Team (LT) has been incredible so far. I’d describe them as humble, welcoming and pioneers of the space.
As the project grows it will be important to bolster the LT to enable continued sustainable growth.
The leadership Team (LT) has been incredible so far. I’d describe them as humble, welcoming and pioneers of the space.
As the project grows it will be important to bolster the LT to enable continued sustainable growth.
14/ Threats:
With every venture comes hurdles. Competitors, regulation, technological limitations, market saturation. It won't be up only, expect volatility but an overall upward long term trend if the building continues.
With every venture comes hurdles. Competitors, regulation, technological limitations, market saturation. It won't be up only, expect volatility but an overall upward long term trend if the building continues.
15/ Closing remarks:
Price action will detach from fundamentals at times. That's when I'll be accumulating.
Adoption is key, so monitoring user numbers and the level of innovation to capture the attention of these users will be imperative to maintain momentum.
Price action will detach from fundamentals at times. That's when I'll be accumulating.
Adoption is key, so monitoring user numbers and the level of innovation to capture the attention of these users will be imperative to maintain momentum.
16/ The journey @Treasure_DAO has embarked on in the past four months has been remarkable.
Creating a concept and bringing it into fruition is incredibly challenging, but the delivery to date speaks volumes.
If you classify attention as a commodity, you have mine.
Creating a concept and bringing it into fruition is incredibly challenging, but the delivery to date speaks volumes.
If you classify attention as a commodity, you have mine.
17/ For those that are more visual, I would encourage you to visit:
bridgeworld.treasure.lol
The soundtrack from @EkaliMusic is euphoric.
bridgeworld.treasure.lol
The soundtrack from @EkaliMusic is euphoric.
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