Thread by @SyotoshiX

This coming wednesday (15/02) the Tier 2 NFT drop from @AgoraDex will go live!

The Tier 3s sold out nearly instant & about half of tier 2 supply has also already been minted by early WLs!

Is the hype justified & will you be minting any?
Read more about the drop here!👇🧵

The Tier 2 NFTs dropping coming wednesday are called Medusa & are part of the Genesis NFT Collection.

The AgoraDex Genesis Collection is not just a collectible NFT, but a true utility token, designed to provide real benefits & value to its holders.

But what is @AgoraDex?

Crypto games often have game-tokens & tokenized game items that seek liquidity to stimulate their game economies.

@AgoraDex refers to themselves as a #GameFi hub.
An all-in-one accessible ecosystem for web3 players, stimulating liquidity for the crypto gaming industry.

To achieve this, @AgoraDex will offer a suite of products, including:

- Cross-chain DEX
- Launchpad
- Digital Identity
- GameFi Index

These products enable users to swap crypto assets, game tokens/assets, invest in new crypto games, provide liquidity & more!

So what role do the genesis NFTs play in this?
The Tier 2 NFTs will receive several main benefits:

- an airdrop of 10800 $AGA tokens at seed price
- 1.25x boost on fee rewards as LP when staking the NFT
- Early access to products & updates

But why would you want $AGA tokens? 👇

The token airdrops provides you with $AGA tokens at seed price (pre-ido).

With a total supply of 500M tokens you'll receive 10800 tokens valued at 4 cents, giving it a worth of $432 while the minting cost of tier 2 NFT is $360!

But what is the token utility? 👇

$AGA tokens can be used in liquidity pools, liquidity providers will earn a % of the protocols trading fees for the Agora DEX. The tokens also act as governance token, to vote in the DAO.
Lastly they will be useful in the launchpad, offering allocations to invest in new projects.

⚠️What are some of the risks involved?
Agora is new & still building hard on delivering their vision.
The adoption of the product could stagger & token may go below seed price if initial launch is rocky.
It is for you to decide wether you are comfortable with the risk vs reward!

Ofcourse there is also significant upsides, the project has strong & established partners such as helping them to enable their vision.
The main product is being build on @ultra_io, a fast & fee-less layer 1 chain & @swissborg a crypto wealth app with 650k+ users!

If you want to learn more about both @AgoraDex & the Genesis NFT collection, have a look at these resources:

- Site: agoradex.io
- WP: assets.website-files.com/628f5ec804d7fe…
- Tier 2 drop: medium.com/@AgoraDex/get-…

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