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ORC TRADE RISK ANALYZE REPORT--BEAR FRIENDS

Official Twitter account of Bear Friends
Official Twitter account of Bear Friends

Bear friends is a collection of 7,777 delightfully cute animals living on the Ethereum forest.

Project Name:    Tengoku

Total Circulation:  7777 NFTs

Mint Formation:  Not Free Mint

Initial Price:       Public sale:0.066E

Mint time:      Nov. 2, 2022

Platform:    Opensea, OKX,X2Y2

Bearfriends is a real-time battle game on Ethereum. Players can play the NFT they own in the game, players can buy land, invite friends to join the game, participate in PVP battle mode, defeat monsters and get rewards . Bear Friends will develop a discord game bot , allowing users to enter the game in a familiar way, and support different discord communities to organize battles and win rewards.

Team Information:

The team employees are mainly distributed in London and Asia . They have more than 10 years of game design and development experience and have participated in various game works , such as PUBG, Call of Duty, and other DeFi, NFTs, GameFi, etc.

At present, the field of Web3 games is still in the early stage of development, and under a stable economic model , there is still a large market for lightweight arcade games. The team believes that Web3.0 lightweight games will be combined with social elements , and it is crucial to find a balance between playability and motivation .

Roadmap

STAGE 1

Ideation and initial development (Completed)

Project concept and ideation (Completed)

Determine game mechanics (Completed)

Artistic concept and direction (Completed)

STAGE 2

Project launch (In-Progress)

Website launch (Completed)

Whitepaper release(In-Progress)

BearFriends NFT sale - (2nd Nov 2022)

STAGE 3

Land NFT launch (Late Nov 2022)

Beta Game launch (Late Nov 2022)

Integration with discord bots (Dec 2022)

STAGE 4

Next mobile lightweight game (Q1 2023)

Tournament for most alpha

community (Q1 2023)

Multichain game (Q2 2023)

Social Platform Traffic and Popularity

Image courtesy of Twitter Scan's website
Image courtesy of Twitter Scan's website

The total number of Discord followers is 29,747, and the number of online users is about 5,000. The team holds community activities every week. The early activities held so far include the official demo game ranking competition, with a total of 2,041 users participating. Every week, 50 Whitelists will be distributed to the top 50 in the weekly ranking ( except those already obtained ) and will be held for 4 consecutive weeks. The event went smoothly as a whole, and there were no large-scale bugs or negative feedback that the game was boring . This is mainly due to the fun of PVP, which allows players to more accept the scenes and art of the early version of the game .

At present, the total number of Twitter followers is 10.5W, which is a medium level of recent NFT projects . Most of the giant whales concerned come from overseas, with a total of 25, reaching the average level . Game NFT projects generally have less giant whales and less attention than art/ALPHA projects, but Bear Friends as a game has good overall data and activity .

Summary

Image courtesy of OKX's website
Image courtesy of OKX's website

Bear Friends , as a  battle game project, is also doing 3D integration (BAYC, Moonbirds , Degods , and so on ), the things to do in the roadmap do not match the game development design that can already be experienced . In particular, the project team mentioned the over-issue in several AMAs. The plan at the time was that OG guaranteed mint 1,000 NFTs ; Whitelist had 1,500 , and the remaining 2,800 were sold at a public price of 0.066E. If you want the public sale to go smoothly, the first 2 stages will at least ensure that the floor price is above 0.066ETH , and it may be over-issued . As a result, today, it really meets my expectations. It finally sold 7,700 units, and the current The floor price has dropped to 0.033ETH. It may seem like the current price is a very good price, but ultimately my advice is to wait, manage your own cash, and consider holding it after the team has made some changes.