PancakeSwap’s exclusive NFT Squad release sells out in mere seconds as volume soars.
Excitement Builds as Lucky Buyers Begin Minting
Users from all over the world set their alarms or kept their eyes peeled for a chance to swipe an exclusive PancakeSquad NFT.
As those who were lucky enough to pick up NFTs emerged, and the PancakeSquad collection went live, the volume soared to more than $9 million in just one hour.
“#PancakeSquad Selling hot now! Working on sorting. For now, check the NFT top page for the newest listings.” The team revealed via Twitter.
As the NFTs began to load on PancakeSwaps Marketplace users will have been treated to an array of colours and ingenuitive Pancake creations.
How Rare?
Well, in truth, it was pretty rare to actually manage to purchase a ticket so as to mint an NFT, so if you got that far, you should give yourself a pat on the back. Yes, even you Gen. 0 PancakeBunny holders who got in even earlier!
Anyway, onto the business of tallying up mathematical rarity. The NFTs will have variations that rely on: ‘BACKGROUND, BUNNY, CLOTHES, EYES, MOUTH, EAR, HAT’. The rarity of the different features you have in these subsections can vary from anywhere between 9.7% to 0.01%. It goes without saying, that the rarer the trait the higher the price.
While many did venture to guess, the actual eruption of volume in mere minutes cannot have been fathomed. With so many missing out, users have begun sweeping the floor for any NFTs they can pick up at a reasonable price.
As time passes and PancakeSwap has the opportunity to organize and settle the PancakeSquad the price floor is lucky to rise and rise.
We’ll be keeping a close eye on proceedings here at BSC News, to see just how well some of these NFTs actually do.
Source : bsc.news
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