[00:02] to major losses. OpenC rewards and the C token airdrop right around the corner. of NFTTS this week? Ladies and gentlemen, welcome back to another CryptoGorilla video. The number one NFT YouTube channel in the entire world. As
[00:18] usual, I am not a financial adviser. Hit the subscribe button if you haven't already done so. And let's jump right into it. Starting off with the NFT strategy coins by Token Works. some major launches this week that I was
[00:31] super excited for. If you watch my Tuesday video, I was so hype and happy in that video and then it was all taken away from me because they made some significant changes that in my opinion made it very boring for traders. The
[00:44] made it very boring for traders. The changes are good for the project itself, for NFT strategy, but for traders it absolutely sucks. Now, if you were playing this on Monday, you'll know that Goblin Town was very profitable for
[00:57] people who were already had a position in or who bought the morning of and listed. Keyword being and listed because the Treasury built up like 260 ETH within the first 5 minutes and aped it into the chart. This crazy candle here
[01:12] all the way to 065. If you were listed, you sold. If you weren't, you got wrecked because the second the treasury was done, boom, it's a falling knife. and the bottom was nowhere in sight. Finally landed around 0.2, now even
[01:25] less. Although it is still higher than when this was originally announced. here. Uh, and you know, it's not good for anybody. So, they started talking about some potential changes that they were going to make and we still had the
[01:39] checks, the max pain, the good vibes club, and mades token to look forward to. Now, on Tuesday, it was supposed to be checks. However, they delayed checks and it was max pain which I was really excited for. I'd been trading this thing
[01:54] since 0.06. It started at 0.05. It pulled a 3x just if you traded that. Uh lot of openc volume farming. So I was buying selling buying selling. I was still up 20k the morning of launch. Did
[02:08] not finish with 20k. Uh but basically what happened is a couple of changes. one uh the minimum buy went up which I liked but for a collection whose floor at the time of launch was at 1.5 going up 0.1 is not fast enough so essentially
[02:24] what this means is every minute the amount that it can buy of an NFD floor goes up by 0.1 to avoid somebody stealing the fees like what happened with some of the first launches so it goes up 0.1 hey is the floor low enough
[02:37] that I could buy no it goes up another 0.1 every minute it took around 14 minutes for it to actually be able to buy. But what happened is people started They don't read, right? They don't go do research into the on the Twitter and
[02:51] read about buy limits. They're just like, "Why is it not buying my NFT that I don't even want?" And I just paid $8,000 for this thing. So, they started undercutting, undercutting, undercutting from 1.5 to 1.3. Mass amount of listings
[03:04] came in, which is something I spoke about in my video when I recorded on Tuesday. I think we were at 130. we were at like, you know, 200 and some even more, maybe closer to 300 listings. So, that was really not cool to see. And
[03:17] then the other change they made is they made it 99% as a starting tax instead of 95. Look, 95 is already really high. I don't know why they made this change. It discouraged people from buying in early and we saw the fees go up much slower
[03:31] than with Goblin Town. Goblin Town was at 200 and no time. here it was at 160 which is still a lot but when you consider the floor price was 1.5 you can consider the floor price was 1.5 you can buy a significantly less amount of NFTts
[03:45] compared to Goblin Town cuz Goblin Town the floor price was.3 to point4 so it was going to sweep you know 4 500 NFTts here they could only grab a 100 and then they're out of money which is what happened when the second it opened if
[03:58] you were not listed you didn't get swept the treasury was at zero ETH I remember refreshing the page and thinking oh no cuz mine were listed too high. I was listed all the way to like 1.8. It only went to 1.55ish
[04:11] and then a crazy falling knife here. All the way under.7. So, everybody was mad. A lot of people were depressed. It did go all the way back up to like 1.1. Not good enough, unfortunately. So, once again, some
[04:24] changes did need to be made because, you know, this isn't good, right? For both this and for Goblin Town. You can't have these pump and dumps and then everybody moves on. Nobody cares about the NFT anymore. You want some sustainability in
[04:36] this whole thing. So that's one thing I suggested here saying, "Hey, limit how many NFTts can be bought per minute. This will extend buy pressure and it'll allow the treasury to accumulate more and more ETH as they go and it doesn't
[04:50] just go to zero in a single clip, which is what they did for the next token, which was checks, which just got pushed by one day." Now already I was nervous because this is the branding for unrevealed checks which I held the
[05:02] revealed ones so that was scaring me. Thankfully it was the revealed ones not that it helped. So the change that they made was every block the buy limit would increase by 0.01 very slow for a collection whose floor is like 0.5 at
[05:18] the time right it's going to take like 10 12 minutes before it can buy a single NFT. The other thing they changed was the second it buys one, this resets to zero. It doesn't full clip into it, it takes another 10 minutes or whatever it
[05:33] is to buy another NFT. And that is not a lot of buy pressure, especially with all the undercutters and like people who hold so many who are just listing every dude. People were listing 50 at a time and then they would get undercut once.
[05:48] They would list 50 under him. you're just wrecking your own flow. Like I was very upset. It made no sense. Sometimes, man, NFT traders sometimes are really bad. But the good thing is they have 200 ETH. They had over they had closer to
[06:02] 300. Like they had a million dollars and they still have, you know, eight whatever this is like $900,000 left to buy the checks floor. The thing is NFT people for some reason are so impatient they need to list and undercut the
[06:18] floor. They can't just wait. if we just wait. There's this website NFT price floor that shows you like, hey, they could buy 400 NFTts in the next three days. If you just wait, if you just list stop undercutting, let it go and wait,
[06:32] they're going to buy your NFTts instead. noticed there was like a bunch of dormant whales waking up after three literally after 3 years. This guy was buying, you know, three years ago and
[06:47] undercutting the floor, just mass listing on the floor. There was, it's this person. There were so many doing this and it is very frustrating to watch. So, this new method is not working on checks. It has been trending
[07:01] down. I'm really hoping now that the listings have slowed down because this comparing Good Vibes Club to checks. Checks. Look at all these new listings. Constantly lowering the floor over and over. It doesn't give any time for the
[07:15] Treasury to come in and buy compared to Good Vibes Club. Good Vibes Club has been doing well. Yes, it looks like it's trending down, but this is because of all the previous launches and people were getting nervous. Also, there's a 5%
[07:28] fee on this one that makes it harder to quick flip. But this is where it was the morning of launch and it's been up only ever since. Like people are catching on that this is working. If you look at the listings here, look, it's all hours, if
[07:41] not days that people have been listed for days. They're not moving their listings. They're not, you know, panic listing 12 at a time. And that's something I brought up in my Tuesday video. All the top holders, all these
[07:53] guys are G's. Like either they're not listed or they're listing very respectfully where they're lading their listings by like 0.05 all the way to 5 ETH, you know, like they're not killing the floor. They believe in it. The other
[08:05] thing that went right for this project is the team is directly embracing this. They declared it like their ecosystem token and they're putting their own money. They're putting 300K to buying the token. So, the token is doing really
[08:19] well currently at a like when I started filming this video, it's like the third take I do. It was like at 4 mil and dude, now it's at 6 mil. Uh oh, it just went down a bit. But token doing really well. They have $460
[08:33] ETH. They have over $2 million in the treasury to come buy these NFTts. So, it seems like the good vibes club people understand this. And if we check the website with the treasury, with the amount of ETH they have, it can sweep
[08:47] amount of ETH they have, it can sweep 600 NFTts or 641. How many are listed? 890 with a lot of those being at stupid prices. If like nothing happens, if nobody panics, the floor can easily go over one ETH. So, I actually still hold
[09:00] trying to, you know, do some flips and trying to farm some open C volume. But overall, I'm not the biggest fan of this meta. Like I said, it's good for the strategy, right? Because they now have a crazy amount of ETH. They are,
[09:14] like checks where where people are undercutting. They're able to buy more because the price is cheaper. And if we look at checks, they currently have 141. cheaper as well because their entry is cheaper. And if we look, they've sold
[09:30] 64, which is great for the token because all that money goes back into the token. So, this is great for strategy. It's also great for the NFT because there's sustainable buy pressure on the collection. So, for holders, original
[09:43] holders, this works amazingly. However, for traders, which is, you know, my perspective, I'm going to obviously be selfish with my own wants and desires. This sucks. like it got rid of the ability to 5x your money in a second
[09:57] because somebody's about to sweep the floor with $500,000. So, I find this a lot more boring. I don't know what's going to happen to future collections. I especially if the floor is really low, like, you know, Nakamigos, which the
[10:11] floor is 0.17 or something. Yeah, those are going to pump short term, but with the launch, we're no longer going to see these crazy candles. The best outcome is it's a slow grind upwards like we are seeing now on good vibes club. Now there
[10:26] was also supposed to be Mady that was part of this cohort. However, in the announcement for good vibes club they say this is the final launch as a part of this cohort. So either they moved it to the next batch or they just dropped
[10:39] Mady. That would really suck especially because people bought into this collection. But we'll see what happens. I think Good Vibes Club was a unique supporting. They have a really good community and they have amazing whales
[10:52] who are not destroying the the floor. So, curious to see what happens for the future ones, but I'm really not as excited as I was at the beginning of the boring. I can't just quickly profit off of this. It's like a slow a slow
[11:07] accumulation over time and it's not as exciting. So, at the moment, I am pay attention to this, but I am looking at the next meta what it's going to be. Uh, especially to be getting volume on OpenC. We need something that's going to
[11:20] have volume cuz NFTTS in general have just been bleeding and, you know, not really doing much and it's been kind of boring. Now, speaking of OpenC, they made some announcements this week for uh the treasure chests. As you can see,
[11:34] solar is now available, which I think it takes something like $2.5 million to sure I'm going to make it. I'm only at tier one. I think this is like $1.5 million in volume. So, to get another mill when NFTts are this slow now in 5
[11:50] days is going to be quite difficult. Hopefully, I do make it to at least tier 2. But the prize pool has gotten bigger than I ever expected. Currently, it was readjusted or there's like a bug or something or the market is nuking it. I
[12:05] didn't go check, but it's at around 6 mil. However, the team announced they still have money they haven't spent. So the total pool right now is 9 million. I a ton of rewards. And the number one question is, can I win like a Cryptounk
[12:20] or a Pudgy or whatever if I only have the iron or the titanium chest or whatever. The answer is yes. As Adam says here, grand prizes can be discovered by anyone. And you could win multiple prizes, not just one NFT. You
[12:33] could win $1,000 in ETH and $3,000 in Pangu and then a Doodles NFT. You could win multiple things. However, the higher tiers have better odds, significantly higher odds of finding them, which makes sense. They spent a lot more money on
[12:49] the platform, and you know, that's where all the the prizes came from, from our fees. So, the whales bought all these prizes technically. So, this all comes to an end on October 15th. Then, they're going to start another season that is
[13:02] going to go all the way till November 15th. And we're going to find out what's in our chests on October 17th while they review everything. And the other thing we got was uh because everybody's waiting on the TGE details of course for
[13:15] the C token which was supposed to be early or announced early October but here we could see late next week they are going to be announcing uh the TGE details. So finally we are going to get some news it makes sense right after the
[13:29] reward season but leading into the second reward season just to get people excited you know go out there and uh try to grind some rewards at the same time you're grinding your airdrop. So, I'm going to be playing season two. I will
[13:41] be winning the crypto punk in season 1 and I will also be winning one in season two. So, I'm going to have two punks. It's going to be amazing. Jumping into NFT news, we had Doodles, you know, recently had the Froot Loops
[13:54] partnership, they had the Red Bull partnership, and now they are teasing a third partnership. A lot of people are speculating on things like Robin Hood, especially that they had just announced the Upbit partnership. And here they put
[14:06] nine letters which Robin Hood does fit. I saw people saying like Starbucks and a few other things. But it finally revealed and it is universal horror which are these monster characters like the old school OG monsters like Dracula,
[14:19] Frankenstein's monster. I guess that's a bride of Dracula like Wolfman, Invisible Man, and you know all those classic monsters just in time for Halloween. So people are speculating that it's going to be you know some sort of short
[14:32] animation or like a short video or movie or whatever. So really cool to see Doodles has been crushing it on the web 2 side which isn't always reflected in web 3. For example, since this was announced the Doodles floor is back down
[14:45] when you know the hype of what's going to happen on Friday. I traded this just for OpenC volume. I flipped six but it was pumping and you know now today it's dumping but there was another pump the other day and that was because of the
[14:58] upbit announcement. We also had a huge candle here on the Dude token. It literally 3xed off of an exchange listing, but a partnership with a major web 2 studio or brand or whatever barely moves the floor. In 2021, this would
[15:13] have full sent with these kind of partnerships. Now, people don't care. want more buy pressure. So, always something to keep in mind. What's bullish for the team is not always bullish for web 3. I really like all
[15:26] doing. Like, they're crushing it. I'm also excited to see what they have planned for this AI stuff. Like this looks really cool and you know their whole token is based around AI. So very excited to see what they have because
[15:40] their art style, their characters and everything is amazing. So really looking forward to what they have planned in the future. After that we finally got the mint and art reveal for OB Games which has been 2 years that we are waiting for
[15:54] the NFT. They did really well. They went all the way to a 5x. Some, you know, some up and downs. Right now, it is a 4x. You can connect it to your game. I believe you have two weeks to directly link one pass. So, you want to pick your
[16:09] most rare to your account, which is going to uh, you know, be linked to your achievements and stuff are going to be locked from your account to that pass. So, if you're interested in doing that, uh, feel free. And I also heard, you
[16:23] that's happening. Uh, so it does seem like a token is potentially coming soon. I imagine it is going to be dropping this year. So I'm curious. I have no alpha, no insider if they are going to get an airdrop, but I imagine they will.
[16:36] So good to see a mint, especially a gaming mint do well. And then last but not least, the auction for Quin by Larva Labs, which is the final curated collection by Artblocks, is live for 24 hours. By the time you see this video,
[16:51] there's going to be like 2 hours left depending when I post it. There are 477 pieces up for grabs. So, you can see there's already 57 or there's already 100 bids more. So, not everybody's going to get one. The min bid was 0.25. It's
[17:04] already at 0.26. I personally think this is going to go much higher. 56.7. So, we'll see by tomorrow morning where it is. I had put a stink bid at 0.25. which I will. Uh, I do not want to wait till the last five minutes like I did
[17:20] with Snow Fro's previous collection, the Lyft one, because I the site went down like a 4x. I think this is going to go pretty high. I have no idea what the not telling you to go bid. This stuff is really hard to predict, but it's
[17:36] ArtBlocks's final curated drop. It's with Larva Labs, the company behind Crypto Punks. Very small supply, so I do think it's going to do well. Uh, and the art style that they chose, like a computer writing code to make art, is a
[17:48] really cool idea. So, definitely something I'm going to be watching over the next 14 hours or probably only two hours by the time you watch this video. But with that, that is the end of today's video. I hope you enjoyed it. If
[18:01] you did, be sure to give it a big thumbs up. If you haven't already done so, button, smash that bell notification? Thank you for watching another Cryptogorilla video. Peace.