Thread: 1/ The Neighbours
Network: Avalanche
Launch date: TBC
What is it?
It’s something potentially very different and innovative. You will be able to buy NFTs in the form of virtual property (houses).. #nodelife#metaverse#nft#nodes#passiveincome#AVAX
2/ ..that will produce daily passive income. You can buy décor to decorate the NFT that will slightly increase daily rewards..
How does it work?
All purchases will be done through their own ecosystem, this helps with liquidity. There are 3 tiers of property to buy...
3/ Prices
You need either 4,7 or 10 of the native tokens for returns of 0.03, 0.06 or 0.1 per day. There is a home décor nft booster as well which gives a tiny boost to daily rewards.. price…$50 dollars per token at launch. If you’re paying for potential ...
4/ ..I’d say this is very fair as long as it stayed near that price. I’m not a rich or well off at all so for me personally this a lot considering the price increases at public. I would encourage others like me to be active and contribute in the chat to...
5/ ..stand a chance of getting at a fixed pre sale price of $50 per token. I would happily pay $500 for the top tier property node NFT personally.
Pre sale date is March 22nd
Interactivity
I briefly touched on this earlier....
6/...You will eventually be able to “go in your house” and check out the décor you’ve added. There will be an integration with the metaverse in phase 4 (a while away) that will allow you to go in and check out your virtual home NFT. Sneak peak...
7/..of this is available via the mini game link in discord. I have personally used it and I can see what potential there is. More on this later.
Partnerships/Potential
I asked a couple of questions today to understand more about the Partnerships so I can understand...
8/..the potential. I have to say I was impressed. Just think they can decorate the home with anything. All it takes is a partnership with IKEA for furniture to add to your virtual home and advertise it or with an NFT so you can hang them on your wall. That is a lot of potential..
9/..Something of note too is that the Head Writer of Only Up (Wagmiboo) has a great article on the project and also has very useful high level Twitter thread on the project too. Check it out.
Market Place
In order to facilitate the buy and sells of property NFTS and...
10/.,décor you will need to do so via the protocols market place. It looks a lot like buying a property from GTA online!
Fees in avax
Condo: 10$ a month
Family Home: 13$ a month
Mansion: 17$ a month
11/...Security
The team are fully doxxed with videos already in the discord. I went further to find Arun Sharma (Dev) and Fabrice Mishiki (Co Owner) on Linkedin. Over 500 plus connections each, years of experience and a happy smile too...
12/ ..Compare this to another project I reviewed with their linkedin you can see the difference here positively.
Multi Sig – Fabrice said they will and details will be available when the next medium is released.
Audit – They will do so via Certik after pre sale..
13/..Discord
It was a bit quiet today but when they announced the competition to win some prizes no surprise it perked up. The team seem really passionate and have made it clear to people they only want long term investors. Some might be ...
14/..put off by that but I like that personally if you saw my thread earlier.
Risks
Obviously the audit and I'm guessing multisig after pre sale is a risk but they’ve doxxed, are all over linkedin and they have put a lot of resource into this already...
15/ ...Phase 4 with the metaverse won’t happen straight away and will rely upon the project going well. The longer the wait between launch and phase 4 is the more difficult it will get to get people interested in my opinion.
16/ ..Mechanics. At present I haven’t seen any innovative anti sell pressure mechanisms. I am guessing this will come as the development continues. But at the moment it just looks like buy and sell with taxes via the ecosystems market place as a means to stay healthy.
17/...Thoughts
I like the concept and the ecosystem has a lot of opportunity to create extra income if they get creative and successful with the décor and add ons in my opinion. The price is fair if you get in at pre sale and if you’re a bit well off ...
18/..you should be fine at launch too. I am a bit concerned about the heavily reliant mechanism of tax for sustainability but that is slightly alleviated by having all transactions through the protocol. It’s different, interesting and has good potential.
DYOR and good luck
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Quick thread on my thoughts of the current node space &future, then I will start looking at Nodac to review tonight. 1/ current space: The Day after Tomorrow movie. Projects all know they need to do something different to be try to be sustainable (however..#nodelife#crypto
2/ long that is). Everyone is building hard to get on that arc which will at least save them for (hopefully) a prolonged period of time & they're all doing something different in groups. You have the UoT founders & shortlisted members who will probably join immediately after...
3/ Hive launches (that's my theory). You have groups outside of the UoT crew like Strong, Univ, Fire (I think? could be shortlisted?) with some very comfortable tokenomics OR current longevity & big plans (Stronger chain comes to mind). Then you have another group I call..
1/ Thread. I got asked what part of my research takes the longest. No it's not scanning the audit log...it's actually looking at the Discord interactions. Why? I want to know the people running it are dedicated & have a strong mentality.. #cryptocurrency#crypto#NodeLife
2/ ..if the people running the project are lazy, shirk responsibilities and don't listen to feedback there is a greater chance that fud will happen more often against the project and have bigger damaging effects that can be irreparable...
3/ ...I would rather invest in a project with a strong leader and team that are perhaps lower on people's want list than a project higher up with a weak mentality at the forefront...
2/ Token mechanics
There is 1 tier of node.
10 bananas to create a node. For the
whales its a max of 100 nodes per wallet. Initially 1.5 bananas produced per day from
launch date to the 18th march and then reduces to 0.75 per day.
.....
3/..Claim tax is 10%, able to bypass with a booster NFT and sell tax is 5%
NFTS
an NFT booster will be available from their site which allows you to ignore the claim tax
Also boosts rewards by 0.25 per NFT Max of 3 per wallet.