Time Trotters are unique characters, each with their own personalities. They are minted on the Cardano blockchain, which utilizes Proof of Stake to reduce carbon footprint.
What’s unique?
Most projects drop at least 10,000 NFTs in a single sale.
Problems that have arised are:
1. Money-first, minting-second: delayed ownership of NFT for as long as 2 weeks, even though money has been transferred
2. Neglected after-sales: lack of maintenance care in the secondary market to prevent NFT devaluation
3. Unfair Sales Inflation: Most have a whopping 10–20 times difference between their price buckets! Not to mention, a max. price of 200ADA!
Pricing: Problems & Solutions?
– The popular price bucket method is based on per 1000 NFT sold, there are downsides:
– Reservation Panic: Buyers scramble to enlist help from friends, and open millions of browser tabs just to buy an NFT. Historically, this has crashed servers on more than once.
– Luck becomes the Ultimate Whale: Early adopters and long-time supporters may miss out on the chance to purchase because of millisecond differences.
Novel tokenomics allow for:
– Equity for early adopters: Buy as much as you’d like. There will be no crashes, and no need for reservations as the wallet address and dust will be the same for all buyers.
– Bundle Option: If you’d like more instantaneously, the option to purchase x6 Trotters or x10 Trotters will be available.
– Looking Out for the Little Guys: Time is the only factor to price changes, so anybody can purchase at least one Time Trotter in the first price bucket.
– Burning: The race to collect NFTs for upgrades will significantly improve the secondary market’s valuation.
This interview is organised by BitcoinLive and supported by BLOCKCAST.CC
