Recommendation: Buy
Amount: 1~2 GACCs with total less than 1 ETH
Time: Buy by 2/28/2022
Exit: When the GACC+MACC value > 2.5x of the origianal purchase price or 2 months from the purchase date, whichever is sooner.
Basic Info:
Twitter: https://twitter.com/GrandpaApeCC
Opensea: https://opensea.io/collection/grandpaapecountryclub
Discord: https://discord.com/invite/gacc
Website: https://grandpaapecountryclub.com/
Smart contract: https://etherscan.io/address/0x656b9e24de2e41a94a7dbbaeb3937777cf34e448
Current Stats as of the proposal:
Number of Owners: 2012
Floor Price: 0.76ETH
1 Day Avg Price: 1.063ETH
7 Day Avg Price: 0.910ETH
30 Day Avg Price: 0.561ETH
Avg Price: 0.371ETH
Sales
1 Day Sales: 52
Total Sales: 6789
Total Volume: 2516.527ETH
Future Utilities: Serum airdrop, GACC Merchandise, Mutants, Kittens
Investment Rationale:
GACC is a derivative project of Bored Ape Yacht Club (BAYC) with 5,000 unique apes. It has similar utilities as the BAYC collection. The project has only been in existence for one month and the current floor has alread 25x the mint price. Why I believe it's still early for this project:
- Organic growth: GACC currently only has 7.52K users on Discord and 16K on Twitter. People came to buy GACC not because some famous people bought it but because they really like the project.
- Staff engagement: Staff has been very engaged on Discord and providing any support for newcomers and current holders.
- No artifitial price action: The team does not believe that artificially pumping the floor price would attract more users. They did not put any action to pursuade people to delist or punish people for not delist. This is very mature and know how to handle an NFT project as real business
- BAYC/MAYC holders involvement: Insreadingly more holders from BAYC/MAYC have joined to be GACC holders. This is evident in not only Twitter but also some high roller roles in GACC Discord.
- GACC recent purahse behavior: People have started to know what traits are rare or what are in high demand. There are people focusing on buying floor apes while there are also people buying the most rare traits such as laser eyes or diamond or gold backgrounds. Some notiable purchases spent 3~4 ETH for just one top ape which is very promosing. This means that even high roller has faith in the project and like the project's future utilities.
- Serum 1:1 airdrop: Each holder will have 1 serum airdropped. This will happen by end of Febuary. Serum has three types including M1, M2, and Mega. Each can mutate the apes into differnt mutants. ONLY GACC holders can get serums.
7.Main artist: KUCHUYA is the main artist and the drawings he makes for GACC and the mutants are absolutely amazing. This, in my opinion, surpasses the level of details from the MAYC/BAYC collection.
Disclaimer: I'm a GACC holder and I support the project. The description above outlines the facts and general consensus from the holders.