I鈥檝e been looking at robinhood:0xe02c53d448a62067b2ac10ed70f5bc6c29471386 as a possible early $STONK type of play, though they鈥檙e at very different stages.
$STONK showed how powerful a launchpad can become when trading activity feeds back into its token. StonkFun uses 60% of platform revenue to buy and burn $STONK.
@UseNosh is trying something different with NFTs: tokens launch paired with an NFT collection, and 80% of the fees go toward sweeping that collection鈥檚 floor. The remaining 20% goes to the protocol treasury.
What interests me is that the fees create demand for the paired NFT collection. That gives NFT communities a reason to bring their own tokens and users to the platform. Nosh is also expanding the idea to tokenized cards.
The early numbers are worth watching. In the snapshot I reviewed, Nosh had around 295 launches, 33 graduates, nearly 2,900 NFTs purchased and roughly $420K in cumulative fees, while $NOSH was valued at only around $2M. Those are still very early numbers, but they show the mechanism is being used.
I wouldn鈥檛 value it like $STONK today. StonkFun has had much more time to prove its volume and buybacks. For $NOSH, the question is whether launches and fees can stay active beyond the first few weeks, and whether the treasury keeps turning that activity into value for the ecosystem.
If it can, I think $NOSH has more potential than its current valuation suggests.
We just pushed a bunch of new updates to the website. Here is everything that's changed:
- Added a Rewards feeds that shows all the NFTs won by holders on that specific coin and it also shows whether or not it has been claimed yet by the winner if its a cross chain scenario.
- Cleaned up the landing page to make room to display more top tokens on the platform
- Merged the collections tab into the explore tab as well as merged the payments and the analytics tab together to clean up the nav bar.
Today was yet another amazing day with the addition of Trading Card NFT pairings on the platform and other updates. We've got a lot of big things in the works that we will share with you all as soon as they are ready.
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