By Alex Liu, Foresight News

 

If there is still some controversy as to whether the entire crypto market has entered a bear market, the NFT track is undoubtedly in the middle of a bear market now - the floor prices of many projects are only a fraction of the 21-year highs, and the plummeting price trend chart shows no signs of reversal for the time being.

But bear markets can also hide opportunities: Mad Lads, the top 1 NFT project in the Solana ecosystem, was also launched in the bear market (minted at 6.9 SOL on April 20, 2023, when the SOL price was about 22 USDT), and achieved more than 100 times the profit after the market improved.

So a project like this emerged: Cool Sloths on Aptos.

Why Aptos?

Sui is actually the most popular public chain recently, but Aptos, the other party of Move, is also unwilling to be lonely and has begun to take action. The introduction of native USDT has once again attracted everyone's attention and growth expectations. At the same time, many leading projects in the Aptos ecosystem have not yet issued tokens. At a time when it is not uncommon for ecological projects to airdrop NFTs to leading projects, the imagination space can be fully utilized.

Why Cool Sloths?

Ecological support

Cool Sloths has received support and support from the Aptos ecosystem, which is why I first noticed the project. From Avery Ching, co-founder and CTO of Aptos, to project members and community managers of the Aptos ecosystem, they all changed their avatars (PFP) to Cool Sloths more than a month ago, even before they started Mint, they received a 1:1 customized avatar from the project.

Aptos ecosystem members holding Cool Sloths

Project Background

The team behind Cool Sloths is also the project owner of CRED and TowneSquare. CRED is an application for on-chain social graphs and reputation points systems. In addition to Aptos, it has recently expanded to Monad and has been launched on the Movement testnet. TowneSquare is a decentralized mobile social app. In addition to demonstrating the mobile development capabilities behind the team, the project owner said that it will empower Cool Sloths around this mobile app.

Cool Solths will be highly integrated with TowneSquare

At the same time, the team also received support from Bixin Ventures, monkDAO and others.

In addition, the project team clearly stated that "Cool Sloths is the official NFT series of TowneSquare and CRED. Holders will enjoy benefits, drops, content, and opportunities of major ecosystem milestones."

How to participate?

The project has now started minting. Go to the official website to find out if you are eligible for the whitelist and choose to participate in WL mint or wait for the public sale!

Note: The total amount of NFT is 7000

Mint Time

  • WL (white list): August 20 0:00 ~ August 24 0:00, the price during this period is 5.4 APT

  • Public sale: Starting at 0:00 on August 24, the price at this stage is 6.9 APT

WL Acquisition Conditions

  • Ranked in the top 6000 on CRED

  • Holds mainstream NFTs in the Aptos ecosystem, including Aptos Monkeys, Aptomoingos, etc. (see the figure below for the full list)

  • Hold more than 10 million GUI (the first Meme in the Aptos ecosystem) or any number of Seedz.

  • Providing APT liquidity on Joule Finance.

You can go to: https://www.coolsloths.com/ to check if the address has WL and the amount of WL

Secondary Market

If you want to buy NFT on the secondary market:

  • Wacky

  • Tradeport (Aggregator)

Buy Sloth Balls minted directly from Wapal

Subsequent gameplay

After successfully minting, you will not get the sloth itself, but Sloth Balls. You need to wait for the official announcement of the content and time of the subsequent "Defeat the Evil Sloth" task, and work with other users to upgrade Sloth Balls to Cool Sloths.