Only 3 days after we published our previous article, we reached our first milestone — 1,000 CardanoGoldMiners minted.
We already mentioned that this pace was faster than we expected, and almost 300 NFTs were minted in a few days.
However, when we reshaped the Cardano Gold $CARGO concept, for the 60% of the tokens to be distributed through CardanoGoldMiners NFTs during the 9 years, we knew it would be a success for a couple of reasons.
- Cardano Gold $CARGO did not had private sales, pre-sales, ISPOs, IDOs. We did not sell out our project and tokens upfront but waited for full 7 months, making an analysis of everything on the Cardano blockchain and the crypto market
2. Innovative idea. It is a bear season, but the NFT market is still active. Some are just hyped about it, but others understand how remarkable the non-fungible tokens are and the possible great value of holding them.
3. The value. CardanoGoldMiners have the utility for the 9 years of earning the $CARGO tokens.
Nobody knows how much their ape, parrot, or seagull CNFT be worth in a week, 1, or 4 months.
Cardano Gold’s $CARGO token will be there in 9 years through all the crypto seasons, new use cases, and trends, taking on and expanding its ecosystem and value.
4. Cardano Gold $CARGO is not an NFT project. It has a very low total supply of only 9.000.000 $CARGO tokens (1 million tokens were burned to increase scarcity by sending them to the eater address). NFTs are used to put the tokens into circulation slowly over the years.
As already projected, after the first 1,000 NFTs are minted, the price for 1 NFT will double to 120 ADA, with some discount on 3 NFTs.
First CardanoGoldMiners $CARGO distribution is in 5 months. The first holders got the best deal, and the price will continue to rise with every 1,000 NFTs minted.
If we haven’t sold the project upfront with the token pre-sales, we will not do so through the cheap NFTs either.
This could be considered the 6th reason for Cardano Gold $CARGO to take this innovative token distribution approach. The bear season was to be predicted.
Only 8% of the tokens were in circulation, and some community members did not grasp or like the new idea, despite being fully aligned with the fundamentals of $CARGO being the first store of value on Cardano, with its low total supply and 9 years distribution model through which the NFTs itself will experience scarcity.
We have paid all early NFT collection rewards 5 months and 2 years upfront (with a decision for 1% of the team member’s allocated tokens to be spread among Dragons and Guardians owners in 2024).
So some decided to sell it and drop the price, but that is something we can as a long-term project and investment ABSORB EASILY, with so many tokens to enter the circulation yet, and the projects and partnerships start unrolling.
We wish to thank the majority of the community for not being short-sided and backing us up!
The truth is that considering everything said and a very low $CARGO market cap, the time plays in our favor, just like some user on CoinMarketCap managed to figure it out: