Cold Truth Culture (CTC)
This post is to announce the $COLD token airdrop from a tokenomics perspective. It is to give you a full picture of the $COLD token and a brief overview of the project. I am writing this article as if I was the audience considering I have received airdrops, sold, then fomo’d back in or the opposite, held an airdrop when I should have sold. The goal is not financial, though that is important to most of us, but it is also to ensure we put the tokens in the right hands to establish a community interested in the future of CTC.
About Cold Truth Culture
Many of you including myself probably already knew Portals and have heard of CTC for a while now. Early on with any project I always do a bit of research but with CTC I couldn’t fully grasp what was the competitive advantage or what CTC was offering. As I got to know Portals I asked more questions about CTC and I began to understand more about CTC until one day we were just hanging out talking about the Agave NFT project and it finally made since.
You have unreached artist who are non-technical and unbanked. CTC is not just about NFT’s, it is working to connect wealthy nations to the disadvantaged and the banked with the unbanked. To provide an income stream to support families and showcase never before seen art from a talented group of underground artist. For more details about what CTC is setting out to do you can read more at coldtruthculture.io/about
Tokenomics
$COLD has been working to establish a healthy community and has been watching the communities around to see how best to learn from what other have done. They have a creative tokenomics that incorporates the strategy in the following order:
- Locked LP with HNY & xDAI in unicrypt vault
- Staking $COLD & LP to farm for NFT’s
- Incentive system that rewards the CTC community
- Two part airdrop rewarding
- Cold Truth Culture,
- Unifty ($NIF) holders on xDai
- Agave,
- 1Hive Community
- Launch CTC DAO
- Token Burn
What are token Use Cases?
- Needed to purchase/stake for rare art
- Governance (ranking art, onboarding CTC artist, integration with platforms and wallets)
- Currency for the Artist
- CTC has been one of the leaders in the xDai community for NFT adoption and it is possible to see a growing use case as CTC increasingly establishes its presence here on xDai.
Max Supply: 3,220,618 1,618,000
- 1,602,618 will be burned
- Burn begins when circulating supply reaches 867,618.
Current Circulating Supply: 243,000
~60% are Honeyswap LP’s Locked on Unicrypt or being staked for NFT’s
50 day MA Token Price: $0.1467
Max Supply Market Cap: ~$225,000
Circulating Supply Market Cap: $34,000
The Burn and a Possible Circulating Supply Outcome
To establish a robust community and to bootstrap the CTC DAO the burn buyback does not begin until circulating supply reaches 867,618. The 2 part airdrop will initiate this burn.
2/3 of the proceeds from NFT’s purchased will be used to buyback and burn COLD tokies until max supply is reduced to 1,618,000
Token Holders
60% supply Locked on Unicrypt & Staked for NFTs
Airdrop #1
When: soon
How to claim: it is an airdrop, it will be in your wallet
When will be snapshot: Snapshot already taken
How to qualify: Focus was 1hive, unifty, and Cold/NFT community
Airdrop #2 “Diamond Hands Airdrop”
When: Strategically released with a rare NFT
How to claim: it is an airdrop, it will be in your wallet
When will be snapshot: Snapshot partially taken.
How to qualify: Focus is on Agave token holders and Cold/NFT community. You might get more if you hold/buy COLD but we won’t be announcing details because we don’t want people apeing in or gaming the airdrop. We can say if you sell you absolutely won’t get more.
Circulating Supply After Airdrops (~850k)
Additional Comments
NFT’s are growing on the xDai network and we are gaining traction here, most recently a tweet from xDai, easy portability between xDai and Ethereum for all ERC-721 and ERC-1155 coming soon.
See tweet from Unifity to spotlights CTC
Supporting Link
Cold Tokenomics Forum Post
Cold Medium Atricle