Anthony

Jan 20, 2022

Cool Cat #3883 Purchase Review

By the Numbers

The DAO purchased Cool Cat #3883 for 11.805 ETH. Including fees, our total cost is ~11.847 ETH. The current Cool Cat project floor is 12 ETH and the floor for the rarest trait associated to our Cool Cat is 14.4 ETH.

Reasoning and Benefits

Since its initial release, Cool Cats have had a strong community, sentiment, and general trading activity. At their peak, Cool Cats reached an all time high floor price of ~15 ETH. There are three main future rewards/benefits that will be available to Cool Cat owners:

So why should DAO members care about these future benefits? Starting with the Cool Pet itself; the opportunity to claim an NFT within a new released project, for only gas, presents the DAO with a potentially high ROI investment play. Additionally, the claim of the Cool Pet does not affect the DAO's holding of the Cool Cat. After the claim the DAO will be able to sell both the Cool Cat and Cool Pet if desired.

Holding the Cool Pet presents the opportunity for the DAO to invest in the Cool Cat $MILK token easily, passively, and actively outside of general buy/sell trade patterns. The $MILK token will hold its own dollar/ETH value. The DAO will be able to obtain $MILK and then sell for ETH. The Cool Cat game allows players to earn more $MILK by completing tasks and quests.

Final Word

The DAO Board heavily believes in the Cool Cats project and future benefits coming to holders. We of course will always be monitoring the market sentiment as a whole and specifically around the Cool Cat project to ensure that the DAO receives the maximum return on investment possible. Below there are links to the transactions associated to the acquisition of Cool Cat #3883, the Cool Cat generalized roadmap, and finally white paper that speaks to Cool Pets and the $MILK token.

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