Cool Cats remains to be one of the darlings of the NFT Space and the community is buzzing over the new $MILK mechanics, sneak peeks and updates at the Town Hall.
Cool Cats recently unveiled its plans to launch $MILK tokens that users can passively earn by holding and an egg that every Cool Cat owner can claim. The token will gamify the project and potentially bring value to Cool Cat holders. The project recently hit an ATH floor price of 10 ETH or almost $40,000 with today’s rates. So the community is eagerly and excitedly waiting for the project’s next move.
Cool Cats NFT Project Townhall: $MILK Earnings, Development, Sneak Peeks and More!
The team held a town hall via Discord two days ago, October 22. To the community’s delight, the team unveiled tiered $MILK earnings updates, some sneak peeks and a glimpse into how the market system will work. Moreover, they confirmed that the development of $MILK tokens and eggs is still underway. So they will give more information as we approach the release dates.
Based on the update, the tier of your cat will determine the amount of $MILK your cat earns. Cool Cats are worth between 3 and 10 points. These points are determined by which items your Cool Cat is made up of. Common items like a beanie or a hat are worth fewer points than more rare items like a computer head or an ape outfit. Cool Cats with 3 to 4 points are cool, while those with 5 to 6 points are wild. Then, 7-8 Points are for the classy category and on top of the ladder with 9-10 points are the exotic Cool Cats.
The team also gave a general view of the market system will work. Users can obtain items by buying a box containing a random assortment of items. These items are important because they will determine your creature’s final stage. Moreover, users can sell the items on their own NFT Marketplace.
The town hall also covered community-building initiatives. After all, the project rose to prominence because of its vibrant artwork and friendly, engaging Discord and Twitter communities. So community-building initiatives will always be a top priority. The team announced that they are pushing back the Halloween airdrops citing improvements on the airdrop system. To compensate, they will do four airdrops this October. Plus, 13 Cool Cats will be up for grabs via raffle promos and giveaways.
More About the Project
Cool Cats is the poster child of how NFT Communities should be. To say that the NFT holders root for the project is an understatement. In fact, when the project hit the 10 ETH floor price, NFT holders started sharing videos of themselves chugging milk to celebrate.
Cool Cats have attracted a number of high-profile buyers – including Steve Aoki, who purchased a Bob Ross TV head cat, and Mike Tyson. Leading NFT investor and “Cool Cats Maxi’ Farokh also owns a collection of 17 Cool Cats, including two TV Heads and his highly sought-after Afro Rainbow Unicorn cat. The president of TIME Magazine, Keith Grossman, has been a long-time supporter of Cool Cats.
With how things are going, it looks like Cool Cats has a few more tricks to surprise the community!