The Potatoz collection, from Memeland, is up 100 percent following a thread from Memeland founder @9gagceo detailing an upcoming staking system for the NFT.
The founder of the Hong Kong-based social media site said the project will soon be launching a "stake-to-win" system for holders of Potatoz. The system awards holders weekly raffle tickets and will also "roll into everything we build in the @Memeland ecosystem."
"We are building @Memeland differently," said 9gagceo. "Instead of seeing every holder as equal, we want to reward loyalty, trust, and patience. We want our long-term holders and true believers to get the biggest slice of the cake. If you have believed in us since day one, you should get more than someone who just purchased the day before. This is how I want a community to be built. This is the way."
The floor price on Potatoz rose from 0.69 to 1.389 ETH amid the news.
A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town.
TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value.
He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.
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. AI may have assisted in the creation of this content.