Ragnarok Update
The DEGENS have been fed!
Ah, delicious.
We wanted to quickly announce that the claim drop website will be up soon for Ragnarok.
We have seen the communities eagerness to get their claim drop.
hahaha...
The energy and implications of this statement are pretty funny. Can you read between the lines?
I can only imagine how many people have been on the 'wen' train.
People have a tendency to get impatient with airdrops. Especially when the snapshot has already happened. Moving on...
to speed up the process, we are going to drop fungible Ragnarok Claim Tokens (RCT)
OHRLY!
Wow, this is fantastic news...
Did you know we were gonna get such great news today? I was not aware!
The NFT you get with your RCTs will be random, there is no way to know what you will get before you claim...
So this is a really great development.
It's going to let degens like me buy more NFTs before I even know what I've gotten myself into. At the same time, it will allow anyone who wanted to dump their airdrop do that as well.
Again, this creates a really great transition.
Can you imagine a Hive whale being dropped thousands of NFTs and they have list every single one individually in order to get rid of them? That would be an absolute nightmare! These fungible tokens that represent future NFTs is a great way to make the transition. Everyone is happy.
Win/win.
Anyone who wants to dump can dump.
Anyone who wants to blind bid on random NFTs gets to do that as well.
Everyone gets what they want.
No one has to waste time pricing individual NFTs.
Very smort.
We are pushing to get RCTs live asap so you can start early on your Ragnarok adventure!
Soon™ baby!
JK, this sounds like sooner™. Maybe even soonest™!
Game - 70% complete until the first test net.
Cool beans.
This test net is not the year-long one, and there will need to be a community vote on when to launch the year-long test net, then another vote for the game to go live.
Interesting...
I'm gonna go ahead and start calling the first testnet the "Alpha" testnet and the year long one the "Beta" testnet. Seems fair.
There will be 3.3 Million NFTs total in the claim drop representing 100% of the total supply.
Okay so this is actually very interesting, because the initial range given was....
We are comfortable saying it will be between 3.3 million to 33 million total NFTs, excluding spells that are in-game mineable only.
So the minimum number was chosen, which makes sense for a lot of reasons. First of all, even 3.3 million cards is quite a bit. Considering it takes 10 cards to make a deck, that means it will be possible to make like 330k decks using all the cards, even at this lower number. Divide this number by ten again to get the max number of total players possible... which is like 30k if we assume that on average each player has around 100 cards. Considering the game's mechanics, this is still a little bit too high. There are only going to be a couple thousand serious competitive players maximum, so the decision to only mint 3.3M NFTs is the smart play.
While it may seem a bit deflating to be receiving less NFTs, those NFTs will theoretically have more value, so it's not really a big deal. In fact, by choosing the correct number of NFTs they'll be worth more in the long run because the game mechanics synergize together to create maximum value.
So how many NFTs will we get?
The rough estimate will be between 17-170'ish Hive per NFT on the safe side.
I'm honestly not sure now how we arrived at these numbers. I guess there's little point in speculating now since we're about to get airdropped the fungible tokens any day now. However, if we assume a total Hive pool of 371M Hive, and 3.3M NFTs, that's 112.4 Hive per NFT. However, there are 66.2M Hive in the @hive.fund that aren't going to be eligible, reducing the 371M to 304.8M Hive / 3.3M NFT = 92 Hive/NFT.
Given this estimate, I would assume to get over 2000 NFTs, because my bud @mr-jakk gonna let me manage his airdrops. Wow, that's a lot of NFTs! Gonna hodl them all, fam. Happy day!
I'm also very curious to see how many people will dump their NFT tokens on the market. Hopefully I can scoop more up on the cheap. I have to assume that the NFTs will be far more valuable when they actually have utility, rather than just being in their "we promise future value" fungible tokenized form. Should be interesting either way.
Conclusion
Exciting announcement. This transitional airdrop of fungible tokens is arguably the best way to do it in order to give everyone the opportunity to dump/pump the market before the actual launch of the game. This is the kind of free market that helps everyone discover some kind of floor pricing on these things in advance.
With 119M Hive on exchanges, I would be FLOORED if much more than 1M NFTs even got claimed (1.5M max). Using my own definition of a whale, we only need to own 1/1000th the circulating supply to be considered one. If only 1M NFTs get claimed, this implies that one only needs 1000 NFTs to become a Ragnarok whale during these early stages (3300 maximum cap). Interesting perspective to think about. Send it.
#YOLO
Posted Using LeoFinance Beta
Return from Parsing the Ragnarok Update to edicted's Web3 Blog
