ApeCoin by Bored Ape Yacht Club is one of the hottest news stories in crypto this month, but in the ever-innovating world of crypto, there is always something fresh and exciting just around the corner. That fresh idea is PFPCoin, a new token from Radio Caca set to launch on Mar. 28, which threatens to steal the thunder of those perennially bored monkeys.
To support the launch of PFPCoin Radio CaCa will conduct a major airdrop campaign. In the process, Radio Caca hopes to shake up the NFT market and provide OpenSea with one billion good reasons to look over its shoulder.
What is PFPCoin?
PFPCoin is the governance token that will support OpenPFP, a fresh and new NFT gallery from the highly successful creative team of Radio Caca. The web 3.0 infrastructure provider, which is backed by OKX ventures, is already known for its Maye Musk (Elon’s Mother) NFT mystery boxes, the breakout Metamon mini-game, and the United States of Mars metaverse.
Radio Caca predicts that OpenPFP will exceed trading volumes of $10 billion within its first 12 months of launch, comfortably entering the market as the second or third largest NFT marketplace in the sector.
Radio Caca will use PFPCoin to bootstrap user acquisition, incentivize early traders, catalyze trading volume, and reward projects that onboard with OpenPFP to increase the value proposition of its token.
As such PFPCoin will confer significant rewards and benefits for its holders and, alongside the OpenPFP gallery, will slot into the wider Radio Caca product suite. It is expected that early acquisition of PFPCoins will allow participants to join in before the project gathers runaway momentum.
ApeCoin v PFPCoin
Like ApeCoin, PFPCoin is a governance token of 1 billion tokens. It does, however, have a number of significant differences which users should be aware of. One of the most notable differences is that PFPCoin will reserve a greater proportion of tokens for its ecosystem fund (86%) when compared to ApeCoin (62%).
Both teams aim to utilize these funds to further grow and develop their ecosystem. Unlike PFPCoin, and in a transparent measure of its priorities, ApeCoin has reserved a full 38% of its circulating supply for founders, project contributors, and marketers. By comparison, PFPCoin reserves a much smaller 14% for angel investors and 0% for team members.
The upshot of this difference is that PFPCoin and its DAO will be more decentralized and democratic right out of the gate, and if conventional democratic wisdom holds, this should allow its DAO to make better community-focused decisions over time.
Unlike ApeCoin which focused on enriching Bored Ape NFT holders with its airdrop, PFPCoin will set a wider net. A full 20% of PFPCoin tokens will be dropped to OpenPFP, OpenSea, and LooksRare traders who buy and sell NFTs on these platforms – another improvement on ApeCoin’s 15% share.
To qualify users will merely need to use one of the above NFT platforms.
Radio Caca is backed by the $RACA token and a significant ecosystem of NFTs, its GameFi project Metamon, and a metaverse dubbed the United States of Mars (USM). OpenPFP and PFPCoin will plug into that overarching ecosystem in ways that will add value to all of the above.
Full details on OpenPFP and PFPCoin can be found on Radio Caca’s blog.
What Is Radio Caca?
Backed by OKX Blockdream Ventures, Radio Caca is a web 3.0 infrastructure solution provider.
In July 2021, Radio Caca released its first web 3.0 product, a collection of PFP (profile picture style NFTs) for Maye Musk (Elon’s mother).
Radio Caca’s products always start with our community. We launched the blockbuster blockchain mini-game Metamon Island on BSC/ETH chains in October 2021, which now averages over 70,000 DAUs.
Radio Caca expanded its ecosystem by launching the United States of Mars (USM) in December 2021, our first in class and largest 3D Metaverse on BSC. Built on the unity game engine and developed by world-class engineers, the Radio Caca team is able to develop features quickly and to spec for our community.
These two stellar products make up our newest infrastructure offering called the Radio Caca Metaverse Solutions (RMS). A quick plug-and-play solution for PFP projects to onboard their collections into Metamon Island and the USM Metaverse. Our developers are there every step of the way to support PFP teams in integrating their assets into our 2D and 3D experiences. This allows PFP teams to leverage our infrastructure and experience to develop mini-games and give them a key to enter the Metaverse. This way they can focus on what’s important, scaling and building their communities.
Our support for PFPs and NFTs does not stop there though. We are releasing a massive Ethereum NFT Marketplace called OpenPFP.com on March 28, 2022. This will allow tight integration with the USM Metaverse, introducing 100 out-of-the-box galleries for PFP/NFT projects, artists, NFT collectors, and DAO communities to display art and host community parties when OpenPFP launches.
We have plans to expand Metamon Island to become a more expansive world for our users outside of the battle royale arena. Metamon Island will be expanded into a 2D Metaverse where PFP NFTs can come to life as avatars and pets and explore a new world filled with 2D PFP games. Taking inspiration from WorldWide Webb, Metamon Island will enter the 2D Metaverse.
Radio Caca earned $142 million in revenue from NFT drops in 2021.
The trading volume of Radio Caca’s NFT marketplace surpassed $2 billion from August 2021 to Jan 2022 with more than 70,000 daily active users.
Radio Caca has a strong and growing community with more than 580K Twitter followers, 300K Telegram members, and 68K Discord members.
Both BEP-20 $RACA and ERC-20 $RACA were listed on OKX in November 2021. The $RACA token has been bridged to ETH and OEC.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency.
The post Understanding PFPCoin, What Makes It So Different From ApeCoin? appeared first on NullTX.
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