Thread by @Subli_Defi

1/14 How could you be eligible to @berachain #Airdrop?

How @BongBearsNFT mixed #Gamification and #NFTfi ?

Before you start playing this game, let's dig into the rules so that you don't get rugged!

2/14 In this thread i will summarize:

- Bong Bear NFT collection & rebase mechanism

- Speculative #Airdrop assumptions

- On-Chain analysis of Most interesting Collection using @bubblemaps

- Metrics of the whole NFT collection

3/14 If you want to know more about the BONG BEAR NFT Collection, one deep dive article i can recommend is the one released by @0xhoneyjar :

mirror.xyz/janitooor.eth/…

4/14 If you are familiar with how @OlympusDAO rebase mechanism works, then you'll understand quickly.

The objective is to reduce dilution of first investors. How?

1st collection: BONG BEAR

2nd Collection: All BONG BEAR holders were airdropped a BOND BEAR NFT and so on

5/14 3rd Collection release: All Bond Bear NFT received a Boo Bear NFT

Etc... Etc...

For a total of 7 collections, which 6 have already been released

6/14 It's no Secret that holding BEARS NFT might grant you $BERA airdrop. As of today, NFT can be bought on @gemxyz (NFT market place aggregator) and the floor price is as follows (in $ETH):

-Bong Bears:80
-Bond Bears:28
-Boo Bears:14
-Baby Bears:5.5
-Band Bears:3.3
-Bit Bears:2

7/14 @OuroborosCap8 made an interesting Airdrop simulation with some assumptions ofc as we do not know the nature/amount/allocation of the Airdrop

https://twitter.com/OuroborosCap8/status/1630392877007118337?s=20

8/14 I've also done some Napkin calculation to estimate the NFT collection value based on Floor price x # NFT in the collection:

As of today, the Baby Bear colletion, together with the Boo Bear's one are the most undervalued collection.

9/14 Now, i was interested in doing some on-chain analysis of these 2 collections:

Baby Bear Collection: 🐻
- Total Volume ( @opensea): 538 $ETH
- 94 Wallets have >1 NFT
- Wallet #1 & #3 exchange: 116 $ETH (22% of total volume)

Despite this, NFT holding is well spread.

10/14 Boo Bear Collection:

- Total Volume ( @opensea): 771 $ETH
- 52 Wallets have >1 NFT
- Wallet #1, #6 & #118 exchange: 162 $ETH (21% of total volume)

Despite this, NFT holding is well spread, map is healthy.

11/14 Very interesting to see that 6/7 months ago, Two whales were holding a bunch of these 2 collections. Guess who?
- @deepname99 (alias Janitor) & @itsdevbear (team member of Berachain) who minted & accumulated NFT

These guys are two Whales, who are now building on Berachain!

12/14 You can also see some metrics of the whole collection here. Quite impressive to be honest, making it the Top 25 NFT collection by 30D trading volume!

dune.com/thj/bongbears

13/14 For more information about 🐻⛓, i advise you to follow the below account:

@SmokeyTheBera
@itsdevbear
@deepname99
@berachain
@0xhoneyjar
@BongBearsNFT
@CryptoSnooper_
@Bera_Land
@OuroborosCap8
@JiRaYa_OG for 🥖
@eli5_defi
@TheDeFinvestor
@0xSami_
@corleonescrypto

14/14 I'd like to thank @bubblemaps who gave me access to the latest data regarding these 2 collections.

@bubblemaps is the first supply auditing tool for DeFi tokens and NFTs

If you like this thread, please feel free to share 🙏

Ooga Booga!

https://twitter.com/Subli_Defi/status/1631293256158904324?s=20