ITSMYNE Participation on Samurai

New Cryptocurrency, Crypto Startups, IDO, IFO

Published on: 23.10.2021

After introducing you to ITSMYNE the other day, let us give you the details on how Samurai $CFi stakers can get in on this Seed and Private round raise. For this raise, stakers in the Shogun (3,000 $CFi) and Emperor (10,000 $CFi) tiers will be eligible to participate in the seed round. All stakers at the Ninja tier (100 $CFi) and above are eligible to have a chance to buy a private round allotment.

Both seed and private sales rounds will occur on the Samurai launchpad on Wednesday, October 27, 11:00 UTC prior to ITSMYNE’s IDO on Cardstarter on November 1.

Seed Round

Emperor and Shogun tier stakers who whitelist on Samurai from October 25, 11:00 UTC are eligible to purchase up to $500 BUSD in $MYNE token at seed prices on a first-come first-served basis.

Seed price for the $MYNE token is $0.05 USD (compared to a public price of $0.12 USD). If our math is correct, that’s a 58% discount!

Stakers have until October 26, 23:00 UTC to level up their tiers and whitelist to participate in this seed round sale.

Private Round

All stakers at the Ninja tier and above (including Emperor and Shogun) are eligible to whitelist from October 25, 11:00UTC for a $300 BUSD allotment at private sale prices.

Emperor and Shogun tier stakers will be automatically whitelisted. Stakers in the Ninja, Ronin, and Samurai tiers who apply will be subject to a lottery to secure a whitelist spot in the private sale. All whitelisted individuals will be subject to ‘light FCFS’ as the the total allotment will be a little oversubscribed.

As per their Samurai tier structure, the higher your tier, the more chances you have to win in the lottery.

Private price for the $MYNE token is $0.095. About a 21% discount on the public price.

The deadline for staking and whitelisting to this private round sale is October 26, 23:00 UTC.

ITSMYNE

ITSMYNE is an NFT marketplace that has its sights set on the official NFT market for sport. ITSMYNE provides a curated market for sports enthusiasts and collectors to use fiat or crypto to buy, trade, as well as discuss digital sports collectibles. The professional sports market is becoming increasingly more prevalent in the NFT space and ITSMYNE aims to provide sports federations with a platform for launching tokens, selling naming rights, and launching NFT assets.

ITSMYNE is looking to find its niche as a “social-plus NFT marketplace.” This is different from a traditional marketplace in which the relationship between buyer and seller is purely transactional. A social-plus marketplace allows its users to communicate with each other and its this social community that gives sports enthusiasts and memorabilia collectors the chance to trade, make purchases, manage portfolios, have discussions, and gain valuable market insights. This community relationship is severely lacking in traditional markets.

Think of ITSMYNE as the “Reddit for buying and trading official sports NFTs.” As with Reddit, users can upvote or downvote NFTs as well as engage in social chatter on the platform. The platform rewards community members who remain engaged on the platform and offer positive contributions with $MYNE tokens that can be used to purchase NFTs. Active members can also utilize their $MYNE to become whitelisted for special VIP Drops.

In addition to sports, ITSMYNE looks to establish solid partnerships with cinema-related applications allowing them to supply officially licensed NFTs from movie stars and production studios.

Tokenomics and Vesting

$MYNE tokens will have a market cap of just $475,020 USD at TGE. $MYNE tokens are subject to the following tokenomics and vesting schedules:

About ITSMYNE

“They believe the collective forward momentum of the entire NFT industry can be accelerated by tapping into the value held by premium IPs, especially in cinema and sports. These are industries with highly engaged but yet-untapped audiences and consequently lack the collective ecosystem that a motivated community can bring.

In short, they see theirselves as a hybrid between Reddit and NBA Top Shot for sports beyond basketball, including the world of cinema. They’re doing this because there exists a proven overlap of potential users whom they can onboard, engage, and retain.”

ITSMYNE is backed by LongHash Ventures, HYPE Sports Innovation, Protocol Labs, NEAR, Celo Camp, and Antler. It is built with technology from Filecoin, NEAR, React, Tangany, Bitbns, and MoonPay.