Dank Mornin’ fr0xers!

Last week I asked you what could be better than a weekly report a few days before the launch of the NFT collection?

Well, I've got my answer! A weekly report a few days after the launch!

Indeed, on 29/02/2024, the 'The fr0xers' collection went on sale at the mint for token holders, before going on public sale the following day.

It's always a relief to do a launch and see that everything's going according to plan.

That Stewart, our intern, who spends most of his time dusting off our computer keyboards with his little fingers, has also shown the necessary rigor to develop the NFT smart contract without any security gaps.

Now that the pressure is off, let's take a look at the retail sale, 3 days after its launch.

Now that the pressure is off, let's take a look at the retail sale, 3 days after its launch.

As I write this weekly report, we have already sold 116 mints out of a total supply of 1010 NFTs.

The icing on the cake?

None of the legendary NFTs from the artists who contributed to the collection have yet been minted!

And yet some of the fr0xers are already offering us a top-notch flex, posting some of the craziest PFPs ever.

So, yes, it's only 11,48% of the supply that's sold out in 3 days, but I want to make it clear that we have absolutely no doubts that the sale will continue to go well until the collection is completely mint out.

We see this as a pledge and a guarantee to fr0xers, for us, to execute the roadmap and be inventive about the incentives to be put in place to get other anons to join our community and mint their NFT.

The future remains bright, all the more so in this market context.

MARKET SIDE STORY

From a market standpoint, it's fair to say that the crypto sector has definitively decoupled from all other financial sectors;

We've seen a fairly spectacular surge, with altcoins benefiting greatly.

However, it's important to remember that since October last year, the surge has been almost in a straight line, and many people are starting to make a lot of money at the same time...

The level of capitalization on TOTAL / TOTAL2 & TOTAL3 calls for a certain prudence and potentially foreshadows a correction that could be necessary to see new support levels form in order to continue this bull market over the longer term.

To put it simply: We're keeping a bullish bias because the market is bullish too, but a certain caution is really starting to be called for, and we believe it's important to have cash at these times to be able to act when supports form.

TREASURY

As expected, the sale of NFT increased our exposure to risky assets. Here are the details of our position at 03/03/2024:

• 8121 FTM

• 465m fr0x

• 147 equal (veNFT)

• 3140 MSLP

• 667 vMMY

Total value: $10911 - 67,5% Assets / 32.5% Cash

Keep this mantra in mind: 'Slowly but surely...'

If you haven't already, join our telegram. This week, we'll be talking about a new development that could enable us to bring in more cash via a new Dapp concept.

Have a good week, my dear fr0xers!