Memeland Provides Potatoz 'Growing' Update

Memeland Provides Potatoz 'Growing' Update

Memeland provided an update on the status of its unique "grow-to-win" platform in a tweet on Friday afternoon

Most importantly, the project is awaiting a smart-contract audit prior to launching the mechanism. As compensation for the delay, the prize pool is being boosted by 10 Potatoz NFTs (1.15 ETH floor price). If the project does not launch growing next week, founder @9gagceo will add a Bored Ape Yacht Club NFT (82.63 ETH floor price) to the prize pool. 

The project also officially updated the FAQ section on grow.memeland.com.

What Is Grow-to-Win?

Grow-to-win is a unique twist on "staking," in which a user can essentially lock up their NFT, in exchange for raffle tickets that may reward users with NFT prizes from a prize pool. 

Like Moonbird's Nesting mechanic, Memeland's staking will send Potatoz NFTs into different growth stages which may affect the user's yield. 

Grow-to-win aims to reward loyalty, patience, and trust in Memeland according to the FAQ. 

Users do not need to manually enter the raffles each week, instead, so long as they are "growing" their Potatoz NFT they will be automatically entered into the raffle draws. In week one, two holders of the MVP Potatoz, and twenty regular Potatoz NFTs will be selected as winners. 

If a Potatoz NFT is "growing," it may not be listed for sale on third-party NFT marketplaces. Users will need to stop growing in order to list their NFT. 

More about The Potatoz

The Potatoz is a collection of 9,999 profile picture NFTs created by Memeland on the Ethereum blockchain. Each Potatoz NFT is utility-enabled and acts as an entry ticket into the Memeland ecosystem, which invented the "grow-to-earn" staking mechanism. Grow-to-earn allows users to lock up their Potatoz NFT and participate in a raffle-based prize system, and more.

At the time of publish, the The Potatoz floor price sits at 1.695 ETH, and has stayed relatively flat over the past 24 hours on 39 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have bought 2 NFTs and no sharp wallets have sold NFTS in the the The Potatoz collection. Catch up on other recent The Potatoz news here.

Recent The Potatoz Sales

#9717sold at 12/08 7:12am for
0.000690
#9381sold at 12/08 7:12am for
1.72
#8229sold at 12/08 5:12am for
1.57
#5617sold at 12/08 5:12am for
1.74
#7817sold at 12/08 3:12am for
1.71

Recent The Potatoz Listings

#4766listed at 12/08 9:12am for
1.72
#1440listed at 12/08 9:12am for
1.87
#1440listed at 12/08 9:12am for
1.87
#2305listed at 12/08 8:12am for
2.04
#2305listed at 12/08 8:12am for
2.04
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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