NEWSLETTER
Non -Fungible Token Project (nft) Gutter Cat Gang (GCG) saw a rocky token from her gang token in Apechain on March 31, attributed to a “technical problem” by a third party, although others indicated that, according to reports, of low interest in the Token.
While GCG did not confirm these figures, yes state In a discord position on March 31, gang tokens was not distributed because a third one did not find a “technical problem.”
“Bad News,” GCG's main architect, “Yugen,” he wrote on the GCG discord. “The contract stops us on the 1st liquidity claim of 100%,” what Yugen said he is preventing participants from charging and leaving.
“We have tried to fix it for at least an hour and without success,” said Yugen, who added:
“You will get, you will receive your $ gang. But not today. I will return with a new exact date and time.”
Fountain: GCG/ Discord
The sale of tokens was <a target="_blank" data-ct-non-breakable="null" href="https://x.com/EasyEatsBodega/status/1906868063871377576″ rel=”null” target=”null” text=”null” title=”null”>described As a “loose ball” by the x user and the “easy” nft enthusiast, who said the team locked 100% of the tokens supply in the award contract, which is contrary to the GCG Tokenomic plan.
According to that plan, 12.5% of the nft GCG and 15% of seed round assignments were destined to unlock instantaneously, with the rest of the tokens scheduled to award daily for the next 18 months.
GCG's goal was to sell 12% of the total offer of $ 0.0089 per Token, directing an increase of around $ 1.08 million, which would have given an implicit market capitalization of $ 9 million.
The GCG team commercialized the “useless gang tokens” as “just vibrations” with “without promises” and “without roadmap”.
The reports on x suggest that the gang failed to obtain a significant interest
Several x users claimed that GCG only raised 3.66 Ether (eth) worth approximately $ 6,800 from the sale of the gang tokens community, remaining far from the target of $ 1 million that it allegedly established. However, GCG has not confirmed or approached these figures.
Related: Memecoins 2.0: The market crashed, but the circus of one billion dollars Roda
GCG launched on June 8, 2021, beginning as a collection of unique nft avatars with a background history around the post-apocalyptic unleashed of society.
GCG's nft floor price used to be 8.5 eth, for a value of $ 15,240, in September 2022, but since then it has fallen to 0.19 eth at current prices, nft Price Floor data shows.
Source: GCG nfts List at nft Marketplace Opensea. Fountain: Opensa
The nft company was <a target="_blank" data-ct-non-breakable="null" href="https://x.com/GutterCatGang/status/1712623301749596362″ rel=”null” target=”null” text=”null” title=”null”>acquired By user x and nft enthusiast “Mauradream” who also passes through Noah, in October 2023 for an unrelated amount.
Magazine: Skeptical arbitration co -founder of Move to Based and Native Rolllups: Steven Goldfede
