Research Summary
The report discusses StackSet, a new gamified trading project that combines memecoin trading, card gaming, and NFT collecting. The project aims to make all entries profitable and offers an extra layer of yields for memecoin trading. StackSet plans to launch a new memecoin every month and offers NFT rewards based on trading volumes.
Key Takeaways
StackSet’s Unique Approach to Trading
- Combination of Trading and Gaming: StackSet is the first gamified trading project that combines memecoin trading, card gaming, and NFT collecting. It aims to make all entries profitable and offers an extra layer of yields for memecoin trading.
- Monthly Memecoin Launch: StackSet plans to launch a new memecoin every month. These memecoins will have a 3% buy/sell tax, generating additional ETH revenue for coin flippers.
StackSet’s NFT Strategy
- NFT Rewards: StackSet offers NFT rewards based on trading volumes. For example, a $1M lifetime volume could result in $30K or more in NFT rewards. These NFTs are customizable and can be traded on Opensea.
- Efficient NFT Transactions: StackSet maximizes trading cost efficiency by launching NFTs on @ourZORA, an Ethereum Layer 2 solution specifically designed for NFTs. This makes NFT transactions much cheaper compared to ERC-404 tokens.
StackSet’s GameFi Element
- Stack Building: Users can build their own stacks of the same rarity tier. These NFTs would be tradeable on Opensea. The value of the NFT is determined by the overall tax pool accumulated.
- Revenue Share: NFTs stacked can earn a revenue share. Payouts come from buy/sell taxes 3% and 50% of it gets redistributed to Stackers.
Actionable Insights
- Explore the Potential of Gamified Trading: The unique combination of memecoin trading, card gaming, and NFT collecting offered by StackSet could represent a new trend in the crypto market. Traders interested in these areas may want to explore this new approach.
- Consider the Benefits of NFT Rewards: StackSet’s NFT rewards based on trading volumes could provide additional incentives for traders. Those interested in NFTs may want to consider this reward system.
- Understand the Implications of Efficient NFT Transactions: StackSet’s use of @ourZORA for launching NFTs could make transactions more cost-efficient. Traders should understand the implications of this approach and how it could impact their trading strategies.
