I’ve been a big believer in SupDucks for quite some time. With a solid founder/team, a great community, and fantastic art, it feels like a project I can bet on for the long haul. A couple of recent under-the-radar announcements made me even more bullish, and could be game-changing. In fact, those announcements may inspire other NFTs projects to follow suit.
What is $VOLT and how do you get it?
Part of what makes SupDucks so fun is the ecosystem they’ve created. In addition to King Frog companions, they have a utility token called $VOLT which has multiple uses in the SupDuck universe. There are a few ways to get your hands on $VOLT:
- You earn 10 $VOLT per day per Duck you own. So, for example, if you own three Ducks, you earn 30 $VOLT per day.
- You can be given $VOLT in the SupDuck Discord by fellow SupDucks or SupDuck leadership.
- You can buy $VOLT on the open market like any other cryptocurrency.
It’s worth noting that while many projects have tokens, more often than not, those tokens don’t provide a ton of utility or value. In the case of $VOLT, community members (myself included) are actually interested in buying MORE. And we just got two very compelling reasons to keep buying.
How is $VOLT changing the game?
In a couple of under-the-radar announcements, two NFTs projects – Rare Ghost Club and The Littles – have said they’ll be using $VOLT in some capacity in their projects. This is the first instance I’ve seen where a utility token is going to have extended value (which isn’t just monetary) beyond the original project. Rare Ghost Club and The Littles are confident enough in the SupDucks overall community and backend technology to say they want to build $VOLT into their projects.
Why is this big?
On a macro level, I think we’ll see more projects follow this trend of using prebuilt utility tokens, rather than create their own. Why not? Instead of managing your own, you can collaborate with another great team and drive value for both of your projects. Or, thinking bigger, ideas like this could lead to mergers between projects, creating more value for their holders.
For now, though, this is big news for SupDucks, and their holders. They now have an NFT that earns a token which is useful in multiple projects. That drives up the value of SupDucks and $VOLT as Rare Ghost Club and The Little introduce the use cases in their respective projects.
Disclaimer: This article is not financial advice. The NFT and Cryptocurrency markets are very volatile. Please don’t invest what you can’t afford to lose. Always do your own research before investing.