Thesis
GRAPECOIN is a token from Grapes, an NFT collection from a studio of P2E mobile games.
Pre-sale will take place on November 30th.
There are two ways to participate:
- Buy from the NFT market - allocation ~ 1 ETH + 10% bonus tokens, priority access and guaranteed participation.
- Get a Golden Ticket (win on Twitter, have an NFT from Memeland) – allocation ~ 0.3 ETH.
Registration for pre-sale to Grape NFT holders – https://grapecoin.joingrapes.com/< !--/noindex-->
Risks: after the pre-sale, the flora of purchased NFTs is possible.
About Grapes
Grapes is a collection of 3,333 NFTs created by VIKER, a mobile P2E gaming studio with over 500 million downloads and financial support from Animoca Brands.
A project that brings money.
NFT collections face a challenge when teams don't have effective methods for generating revenue other than royalties. VIKER solves this problem by leveraging an ad-supported revenue generation model for mobile games across multiple platforms including iOS, Android and Roblox. These games generate five-figure income every day, and this amount increases with each new release.
Token, tokenomics, buyback and comparison with competitors
The team is going to release their GRAPE token.
On November 30, a pre-sale will take place:
The distribution of tokens will take place among the owners of Grape NFT and Golden Ticket. Golden Tickets are available to Grape NFT holders, as well as through giveaways and promotions run by the Grape team and supporting projects or individual contributors.
Tokenomics
Pre-sale buyers have priority over venture investors and the team. All allocated funds for seed investors, venture investors and the team are blocked for a year. This eliminates the possibility that VCs could use pre-sale buyers as instant liquidity for an exit.
GRAPE launches with FDV of $45 million.
Total supply – 2 billion tokens.
Sale price – $0.0225 per token.
5-7% of tokens have been allocated for pre-sale. 25% of the allocation will be unlocked at TGE. Then daily linear unlocking for 12 months.
Allocations for pre-sale:
- For Grape NFT holders, the allocation will be approximately 1 ETH, a 10% token bonus, priority access and guaranteed participation .
- For Golden Ticket holders, the allocation will be approximately 0.3 ETH. Participation is not guaranteed.
40% of the total supply of tokens is allocated for airdrops and rewards (for owners of Grapes NFT through bundles). 10% of the airdrop will be unlocked on TGE. The rest will have a non-linear decoupling.
Table from the official discord
Also on TGE, 3.5% of the total supply of tokens will be unlocked for liquidity partners, the second half of their share will be unlocked daily for 6 months. But it is not said whether it will be linear or not.
The 21-24% token share for Grapes Foindation will have a 32 month unlock from the TGE. But there is also no data on the linearity of the unlocking.
The pressure on the glass at the moment of TGE (it will most likely coincide with the listing) will be minimal.
Bunches and airdrops
The team made some kind of mechanism for rolling and selling NFTs after pre-sale. To receive the airdrop, Grape NFT must be staked. One bunch is awarded per day for one Grape NFT.
When selling or buying, the accumulated bundles are burned.
As mentioned above, 40% of the total supply of tokens is allocated for airdrops and rewards. 10% of the airdrop will be unlocked on TGE.
But the amount of airdrop that each holder will receive will be determined based on the total number of bunches. The longer you stake, the greater the airdrop. Perhaps there will be a series of airdrops.
In the first airdrop distribution, most of the amount will be received by holders who have been staking their NFTs for a long time. When purchasing today/tomorrow, you should not count on an airdrop (a significant part of it).
Stake NFTs here – https://www.joingrapes.com/harvesting
Buyback
Until now, NFT projects have been difficult to reward "strong hands" within the legal framework, with the exception of the release of new free collections, which ultimately dilute the value for holders and can harm projects in the long term.
Here the team will allocate 40% income from their games to buy back their GRAPE token. This will create constant pressure on the glass to buy, while providing the necessary funding to develop the project.
Competitors
The project’s closest competitors are ApeCoin (a large ecosystem project with a FDV of $1.62 billion), Pepe ( memcoin with FDV $454.35 million) and the new Memecoin (a project from Memeland, created by 9GAG, with FDV $1.87 billion).
Upside of the GRAPE token from 10 to 40 x.
Let's look at a specific example
Buying a Grape NFT for 2.75 ETH ($5.5K).
< /p>
Let's take the average value of 20 x (FDV $900 million).
Token sale (alloc. 1 ETH x 20x) = 20 ETH x $2025 = $40500
On TGE, only part of the GAPE tokens will be unlocked:
$40000 x 0.25 = $10125
In total, with a cost of $7.2K ($5.5K NFT and $2025 sale), we receive $10125 immediately, $30375 in lock and the NFT itself.
< b>Note:
75% of the sales allocation will have a linear release within 12 months.
The 10% bonus is not taken into account, since it is not known how it will be distributed.
We do not count airdrops, since its amount depends on the number of bundles.
NFT Grapes and allocations< /h2>
The pre-sale team should publish details today/tomorrow. The article will be updated.
Grape NFT = GrapeCoin airdrop + GrapeCoin pre-sale allocation ~ 1 ETH + 3 Golden Tickets (which can be distributed to anyone or to yourself)
Golden Ticket = GrapeCoin pre -sale allocation ~ 0.3 ETH
Golden Ticket can be obtained in sweepstakes on Grapes Twitter, as a gift from the owner of Grapes NFT, and also by playing games from the parent studio. And apparently, Golden Ticket owners are entitled to NFTs from Memecoin:
Team
Ben Cusack (right) led Enix's Mobile Studios, launched projects such as Lara Croft, Final Fantasy, Championship Manager, as well as Space Invaders and many other mobile games.
Dan Beasley (left) has been instrumental in many influencers and TV brands moving to mobile devices, including Who Wants to Be Millionaire" with Sony Pictures, Mr. Bean, KSI and Logan Paul.
Games by Viker studio – https://viker.co.uk/games/< /a>
Bottom Line
Many people call the Memecoin project a minimum wage, but perhaps they are mistaken and the project may turn out to be a real competitor to Memecoin, since Grapecoin is backed by talented founders who know how to make successful games, marketing and hype.
Thanks to the buyback mechanism, a constant hype cycle is not required to maintain stable buying pressure and possibly increase the value of the token.
If you already have their NFT, it's definitely worth participating. If not, then you need to weigh all the risks. The team has created an income generation mechanism, thanks to which many will not want to sell NFTs after the sale. And memcoins have been experiencing a stir among cryptans lately.
Useful links
The Grapes official website – https://www.joingrapes.com
Registration for pre-sale to Grape NFT holders – https://grapecoin.joingrapes.com/< !--/noindex-->
The Grapes Collection on OpenSea – https://opensea.io/collection/the- grapes
The Grapes collection on OpenSea Pro – https://pro.opensea.io/ collection/the-grapes
“Staking” NFTs for bunches – https://www.joingrapes.com/harvesting
