wtf is octocore[.]fun, and how am i going to maximize my chances of minting a rare 1/1?
@octocore_ink is one of the more interesting NFT experiments i’ve come across lately.
it’s an 11 111 NFT fully on-chain collection built around Proof-of-Work on
@inkonchain.
you compete to mine the NFT, with each new mint changing the state of the next mining challenge.
the collection has only 16 special 1/1 NFTs, with one 1/1 tied to each 694 NFT window.
the odds improve as the window gets closer to the end, and if the 1/1 hasn’t appeared by the final mint, the last NFT gets it automatically.
the economics are what made me dig deeper.
95% of mint fees are directed back into the NFT ecosystem, while 5% goes straight to the
@Quotrons404 builder’s pool:
• 70% → staked NFT holders
• 25% →
$OCTO buybacks
• 5% → Quotrons404 builder’s pool
according to the Quotrons builder dashboard (
quotrons.cash/builders), Octocore has already contributed 4.02681
$ETH to the Quotrons builder pool, ranking #3 with 11.69% of the entire builder pool.
hope
@cruelhandeth likes this one 👀
the buyback side is already live too.
492,192
$OCTO have been burned after 15.005
$ETH was spent on buybacks.
so how do i see the opportunity?
i see 2 ways to play it for now.
1. buy
$OCTO
the flywheel is heavily tied to the token.
NFT gets minted → people hold, stake or burn →
$OCTO enters the economy → 25% of mint fees goes to buybacks →
$OCTO gets bought and burned → more activity and attention can flow back into the ecosystem.
right now, i think the market cap is simply too small for an experiment with this kind of structure.
and without
$OCTO appreciating, it becomes much harder to attract miners over time.
if minting costs remain high while the token stays flat, the economics become less attractive.
that’s why i bought some
$OCTO.
2. hunt the rare 1/1
this is where things get really interesting.
there will only ever be 16 1/1 NFTs in the entire 11 111 collection.
5 have been minted so far.
current mint price: 0.04
$ETH
recent 1/1 sales on
@opensea: 0.2
$ETH
so at those prices, we’re looking at roughly 0.16
$ETH of gross upside, around $440, from a successful 1/1 mint.
the edge is in figuring out when the odds of hitting the 1/1 become attractive enough to deploy your mining power.
and if octocore actually catches attention, builds a real community and gets more miners and collectors involved, i think a 1/1 could eventually be worth considerably more than 0.2
$ETH.
that’s also what i’m building around.
soon i’m releasing a free Telegram bot for my followers that will track Octocore mints in real time and calculate the current 1/1 probability.
it will show:
→ current mint window
→ mints remaining
→ latest 1/1
→ current 1/1 odds
→ alerts when the probability gets interesting
the goal is simple:
know when to mint to maximize your chances of getting a 1/1.
i’ve got skin in the game.
i bought
$OCTO, and i’m going to try to mint one of these 1/1s myself.
@octocore_ink is still very early.
it’s an experiment, and it can absolutely fail.
but the mechanics are interesting enough that i want to see how far this thing can go.
follow me if you want the bot when it drops.
NFA. DYOR.