Potatoz Approaching Stage 2, Prize Draw #1

Potatoz Approaching Stage 2, Prize Draw #1

Less than 24 hours remain before Memeland, the team behind The Potatoz NFT project, draws the first prize in its unique "grow-to-win" lottery-based staking platform. 

Since opening its growing mechanism last week, more than 90 percent of all Potatoz NFTs have been locked into a "growing" state, making them eligible for one of 22 eventual NFT prizes. However, once locked into the growing mechanism, Potatoz NFTs cannot be listed for sale on secondary marketplaces. This has produced a bit of a supply shock, sending the floor price up nearly five percent on the week, with only 108 Potatoz NFTs listed for sale on OpenSea at the time of writing. 

A user can earn one raffle ticket per Potatoz NFT locked into a growing state. Each week, the Memeland team will then draw a select number of raffle tickets and reward them with NFT prizes from the project's treasury or from partners. The first prize draw includes 20 Potatoz NFTs and two You The Real MVP NFTs with floor prices of 1.29 and 33 ETH, respectively. 

Thanks to the strong initial growing numbers, the Memeland team announced in its latest Town Hall that it will be boosting the initial prize pool for Draw #2. Instead of the typical 20 Potatoz NFTs, the team will give away 30 Potatoz NFTs and two more MVP NFTs. 

In addition to updates on Draw #2, Memeland indicated the much anticipated "Stage 2" reveal will take place sometime next week. 

"I strongly encourage everyone to keep growing their Potatoz, at least to stage two," said a team member.  

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 1.62 ETH, and has fallen -5.19 percent over the past 24 hours on 37 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and no sharp wallets have bought NFTS in the the The Potatoz collection. Catch up on other recent The Potatoz news here.

Recent The Potatoz Sales

#5353sold at 12/07 2:12pm for
#8214sold at 12/07 2:12pm for
#9694sold at 12/07 2:12pm for
#3135sold at 12/07 2:12pm for
#1606sold at 12/07 2:12pm for

Recent The Potatoz Listings

#9636listed at 12/07 5:12pm for
#9636listed at 12/07 5:12pm for
#8214listed at 12/07 5:12pm for
#8214listed at 12/07 5:12pm for
#9636listed at 12/07 4:12pm for
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.
In this post
Related Content
Lucky Trader News on Twitter
Get alerts the moment news breaks with the Lucky Trader app.