Rave3 | Published Wednesday, May 31 2023
Mint Date: Friday, June 2
Mint Price: ~5.5 SOL
Max Supply: 5000
Rave3 is an upcoming NFT project minting on Solana on Friday, June 2. The Exact time is still to be announced, stay tuned to the Research Hub channel in the Discord as well as the official Rave3 Twitter for more mint details.
The mint is expected to take place on the Rave3 website: https://www.rave3.io/
In order to mint, it is recommended to have a Phantom wallet (https://phantom.app/) funded with around 6 - 8 $SOL per desired NFT.
It is unclear if there will be an opportunity to mint multiple NFTs.
Rave3 is founded by several active NFT influencers.
So far they have built what appears to be an NFTInspect competitor that ranks Twitter users based on positivity:
Upon mint, I was told by the team, that a portion of mint funds will be allocated towards offering loans on Sharky at the mint price. This should prop up the floor, reducing the possibility of the floor price falling below the mint price, as holders could simply take out a loan at mint price rather than selling below floor.
If true, this greatly reduces the risk of minting, making it a more attractive endeavor.
While we don’t necessarily believe the upside potential is massive, the Sharky loan mechanism makes us believe the risk of loss in the days post-mint is low.
This, combined with the team being native to the Solana NFT community makes us believe the risk/reward for minting a Rave3 NFT is asymmetric to the upside.
At this point in time, there is not enough known about the project to discern if it’s something worth holding long-term. Taking profits when the opportunity arises is never a bad idea.
Remember, almost all hyped NFT projects have large pullbacks that offer another opportunity to enter should you decide it’s a good long-term investment.
Note that NFT mints can sell out very quickly and it is recommended that if you intend to mint you are ready at your computer at least 10 minutes before launch.
There is no guarantee that you’ll be able to mint, and there is also no guarantee that price will move positively post mint.
For those who are new to NFT minting, you can prepare by purchasing Solana (SOL) on your preferred crypto exchanges (like Coinbase, Kraken, Binance, or Gemini) and withdrawing it to your Phantom wallet Solana address.