FTX's latest subscription project IP3 bucked the market and rose 5 times

The latest subscription of FTX has just ended, and the NFT IP platform CRIPCO (IP3) is doing well.

As the first subscription project of major trading platforms after entering this round of bear market, IP3 After going online, it has achieved a maximum increase of nearly 7 times, and is currently stable at about 5 times the subscription cost price. In the current market environment, the overall performance exceeded expectations, which also boosted investors' confidence.

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Subscription details

The IP3 subscription just ended , stake at least 150 FTT (approximately $3,720) to participate, and can be redeemed after the snapshot. Subscription coupons can be obtained by pledging FTT. If the lottery is successful, each subscription coupon can get 1500 IP3 Token. Multiple subscription coupons can be successfully subscribed at the same time, and a maximum of 750 FTT (approximately US$18,600) can be pledged to obtain 6 subscription coupons.

Pledging FTT on the FTX platform, in addition to getting more subscription coupons, you can also reduce the pending order procedures The fee is as low as -0.0030%, and there are up to 1,000 free Ethereum withdrawals per day and other benefits.

Benefit up to $9700

The total number of subscription coupons that can be successfully subscribed this time is 2000, and the maximum bid for each subscription coupon is 300 USD(T) + 5 FTT, and you can get 1500 IP3. Including the FTT pledge threshold necessary to obtain subscription coupons, the actual subscription cost price of each IP3 is about (300 + 24.8 x 5) / 1500 = $0.28. On the first day of the opening, the highest price of IP3 was US$1.36. Based on this price, if the user wins a subscription coupon, it is equivalent to a profit of US$1,620. And if all 6 subscription coupons are won, the income can be close to 10,000 US dollars.

Everyone builds an NFT ecosystem for IP brands

NFT still has great potential in IP branding waiting to be tapped. And CRIPCO chose to build an ecosystem around this track, aiming to create an ecosystem where NFT issuers and holders can collaborate to create IP brands, thereby helping "consumers" complete the transformation into "creators" and change The development method of NFT IP brand promotes the innovation of "creator economy". CRIPCO's ecosystem consists of three parts: "Introduction - CRIPCO DAO", "Distribution - NFT Trading Market", and "Creation - Deep Creation Tools", which can provide full chain support for NFT IP brand building.

Participants of CRIPCO include FTX Venture s, Solana Ventures, Musinsa, NEOWIZ Games , VESTIGIUM (Klay) and PlayDapp.

Inventory of FTX’s previous subscription activities

FTX has conducted many subscription activities before, let’s take a look at the specific data

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It can be seen that the first subscription of FTX is its platform Token FTT. When FTT was subscribed in July 2019, the cost price was only US$0.2. According to the current FTX market, the price of FTT is about US$24.59. If it is held at the subscription cost price so far, the increase will be as high as 123 times.

< p>As the infrastructure of the NFT industry, IP authorization has gradually gained popularity in the market. The recently popular Paint Monkey is the product of the IP authorization platform on the chain. After the story of social capital, NFT IP authorization seems to be the next direction of market development. CRIPCO, which is backed by FTX, is very worthy of attention.

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