Chads,
for those of you not into the SOL market, DeGods is an NFT project that is defying this bear market we are in.
At the end of the month DeGods will be able to be "Killed" and transformed into DeadGods. The production of the staked NFT as a DeGod is 10 $DUST/day and when killed it is 30 $Dust/day.
Killing a DeGod costs 1,000 $DUST. This as well as the launch of their bluechip launchpad and extremely valuable raffles going on are creating a near short squeeze on $DUST.
I propose we sweep up 1 ETH worth of $DUST as soon as approved, and hold until the announcement of the killing mechanism is live and creating more of a short squeeze as the DeGod/DeadGod FP rises and causes a bigger rush to kill DeGods. Then once the announcement is made that it's live or towards the end of March we sell half of our holdings and hold the other half for 4-6 months while they get their first few projects off of the launch pad looking for a 2.5-3x return.
Degods currently are earning an equivalent of 0.14 Sol/Day and when killed they will produce approximately 0.42 Sol/Day. With these types of returns the project is still drastically undervalued which will cause more and more hype around the project as a whole as well as $DUST. The amount of volume on trading has funded this project out of this world, so $DUST and DeGods as a whole will continue to develop (see their roadmap 2.0 about their Accelerator and Launchpad), and with their ambitions and community support this is a great Short AND Long term investment. IF for some reason $DUST is not above 1.25x initial investment at the end of march or the release of the killing mechanism is delayed, we wait for the launchpad to get our exit to 2x initial investment.
$DUST is an ERC-20 token. More information can be found in the links below. Their community is extremely active on Twitter, and with them looking for partnerships in the future I think there could be a collab in the future between Degod/Chads both communities are rock solid.
https://docs.dustprotocol.com/ https://frank.degods.com/ https://twitter.com/DeGodsNFT/status/1485823237279805442?s=20 https://www.degods.com/
Stay frosty you chadsmanion devils.