Why Dead Cats Society NFT?
Simple benefits to owning DCS NFTs
This article is an extension of a previous article posted here and expands on the reasons why one should seriously consider aping into the Dead Cats Society collection and owning at least one of the NFTs.
The sale for whitelisted collectors is slated to happen on 1 December 2021, time to be announced. Spots are still available and you can get in right now at the Telegram channel for DCS. Finish reading and then get on over!
Why?
To summarize, the Dead Cats Society NFT holder gets the same perks as any other “profile pic” collection. Holders own the rights to use them in profile pictures online or showcase them in the digital art galleries that are popping up worldwide.
It can also be sold to collectors of digital art or maybe you will become one yourself by collecting all the pieces that include your favorite trait such as the Jedi Cat! But these are the properties of a regular NFT collection, and Dead Cats Society is anything but.
The War Chest and Monthly Spoils
There is the element of a War Chest behind Dead Cats Society. It is like a treasury where the project team will attempt to grow it’s value over time. Holders of Dead Cat NFTs have a stake in the War Chest, having the benefit of receiving spoils that will be generated from yields using funds in the War Chest.
As many are aware by now, the War Chest will be managed by @mobidefi, a Telegram user who is currently very engaged in the ApeSwap community on the Binance Smart Chain. Mobi has managed to grow a small DeFi stake in early 2021 to almost 10x it’s value and is poised to do the same using the Dead Cat’s War Chest.
Now why would you put trust on a stranger that we’ve never met? Mobi has been in the DeFi space for a while now and has a good feel on what’s upcoming. With his track record on spotting gems, and good control of not over-leveraging when going in on risky but rewarding punts, he is the best person to have watching over the War Chest. On top of that, he has passionately proven himself to be very involved in projects that he has advised or been closely linked with.
War Chest proposed growth strategies involve traditional DeFi yield farming methods as well as having access to a group of time-tested “explorers" in the Crypto space to get in early on token/NFT launches. Of course, as the crypto space evolves over time, and more efficient methods of enhancing yields are available, the team would switch as soon as it is feasible to do so.
Dead Cat’s plan is to have 50% of the monthly gains from the War Chest be distributed to all Dead Cat holders. Based on this, both holders and the War Chest will scale and grow over time.
Author’s Own Thoughts (I will become a holder)
Briefly, I would recommend holders to assess the long term benefits of keeping your Dead Cat close by. At the time of this writing, I cannot be sure where most of the intrinsic value of Dead Cats may lie but will hold my NFTs and watch where it goes. A huge part of the industry is just forking and copying what is already out there, and we seldom get an early opportunity to participate in a new idea such as a combo-project such as Dead Cats.
It may be the exclusivity of being in a like minded community of NFT holders, where collectors may, in their hunt to complete their collections, drive up floor prices. Or there could be a chance for heavy community involvement, creating spinoffs and derivatives of the original project to drive up demand for the OGs.
It could also be a case where the War Chest and it’s benefits be the focal point and holders are happy to receive their regular dividends. Passive income, personally, is one of the main draws of the project. There are only 6999 NFTs and over time, some of the could possibly be burnt and leave the ecosystem altogether, allowing existing holders to gain a bigger share of the spoils and at the same time, likely see a floor price increase in the value of the remaining NFTs.
And it could also be both.
As I look at the plans for the War Chest, and the fact that the 6999 NFT supply is deflationary, straight off benefit would the instant qualification of 0.014% of the monthly spoils from the War Chest. This is just for folks that only hold 1 NFT. When the NFT circulating supply reduces over time, the same holder will begin to see an increase in his stake in the spoils, not to mention that over time, the War Chest will grow faster and at a higher rate due to it’s increasing amount in liquidity.
As the Christmas season is right around the corner, it could also be a very meaningful gift to send to a loved one to start them on their crypto journey. A gift where a marriage between NFTs and DeFi would be unusual and yet, practical.
