Will the crashing crypto market kill Metablox?
Originally posted here.
By: Jun Loayza
I’m writing this post because I know many of us are scared and worried, worried that all of our crypto investments and NFTs have lost half its value in the past month.
My co-founder Yu-kai Chou and I decided to create a video specifically addressing the crypto bear market. In this video, we discuss:
Which NFTs will survive the bear market? Why is Metablox well positioned not just to survive, but thrive? Benefits that we’re giving to our Neighborhood that will allow them to increase their purchasing power leading up to our Mint Check out the full video here:
https://medium.com/media/bf606426fe709761ea826b1e6355b01b/href I know it’s 47 minutes long, but I highly encourage you to go through the whole video as we cover many important topics.
But this is the most important topic:
Reservation holders will get a 50% discount on their Mint price If you have a Blox reserved, then you will get a 50% discount on the Mint price.
Why? Because we value you as part of our early Neighborhood. You’ve been with us since the beginning and we want to reward you, appreciate you, and make sure that you have the same purchasing power as before.
Implications In the past few months, crypto prices have fallen by 50% from their all time highs. This means that when you Mint a Blox, you’ll now have 50% less purchasing power to Mint Blox. To mitigate the affect of a bear market, we’re discounting the Mint price for Blox reservation holders by 50%. In this way, your purchasing power to Mint a Blox should remain the same as it was a few months ago.
How does this impact Neighbors who earned discounts by referring friends? You will get a 50% discount in addition to the refer a friend discount.
Does the 50% discount apply to the public Mint? The discount applies ONLY to reservation holders. If you try to Mint a Blox on Monday, May 23rd without a Reservation, then you will pay the full price of the Blox.
What about Waitlist Holders? Waitlist Holders will also receive the opportunity to Mint a Blox at a 50% discount.
I encourage you to watch the full video.
Now’s the time to get ready to Mint Blox. Reservation Day is just around the corner.
How to pay it forward The best way to pay it forward is to invite your friends to Metablox and get them to Reserve Blox as well.
See you on our Discord !
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