Sea Shanties
About Sea Shanties
Sea Shanties is a collection of 3,333 gamified NFTs with a membership into DeFi style reward yielding gains. Stake Shanties and earn Triton($TRTN) and LP your tokens in the Poseidon Tide Pool. They also have a launchpad called Hydra and a minter called Chimera which is only recently finished and being tested. One thing to mention is they have a lot of other nfts that go with sea shanties i’ve put a description below.
the OG collection(‘Sea Shanties’) minted for 1 SOL.
After this Pets were released and they were a gamified mint with a utility token TRTN.
The Citizens is a PFP collection, which you are now able to mutate.
Glorbs were an airdrop and are items that will be used in a game that’s being developed in the background. Details are still unknown.
And Old Atlantis is a game that was developed to distribute the mutation items in a gamified way.
Tokenomics:
$TRTN tokenomics are being updated at the moment as people were obviously just selling the token for USDC and wasn’t beneficial to the project. But basically they have a supply of 10 million and have halvings to reduce supply the next halving is in 10 days. The utilities for the token are so far raffles, using it to mutate your citizen pfp nft, DTM and the old atlantis game. You can provide liquidity to the LP and you receive SHELL that can be staked to earn more TRTN. One thing to mention is that the tokens aren’t burnt they are put into the dao wallet and then the dao votes on what they are going to do with the tokens.
DTM:
Hydra first B2B product is the DTM, which is basically like a randomized gumball machine, fully onchain. So you insert coins (SOL and any SPL token can be set up) and you receive one prize/ play in real time (or depending on SOL lol). It’s a powerful tool for increasing engagement, collecting SPL token and creating revenue.
Chimera:
Chimera minter is optimized to reduce costs for large collections and specially support on-chain gaming. it was created with a focus on scalability, art generation, fundraising, and in-game assets at NO COST to creators. The minter is designed to solve several issues with scalability that we experienced from developing in-house on-chain P2E games. The high cost of creating thousands of in-game assets on-chain is an issue for creators and will continue to be for any teams looking to scale on Solana. Chimera solves these issues in several ways:
Key Features
– zero Cost Mints for Creators – Cost of minting is settled by a negligible transaction paid for by the person minting
– Multi-SPL token payment system – Our minter can accept SOL, USDC, or any SPL Tokens as a payment method. This will allow creators to support their own token economies or raise funds in any SPL token they’d desire
– Freeze Mint – Freeze Mint Authority to avoid mid mint listings
– Flexible Allowlist Allocations – Enable presale, WL token, and wallet based mints for different minting phases
– Multi-group minting- Schedule multiple minting phases with different payment methods, start/end dates, mint limits, and sets of rules
– No-Code Devpad – Our devpad allows you to have full control over your Launchpad with an easy-to-use admin panel that will give creators the full power of a stacked dev team
– Discord/Twitter Tool Suite – A full sxt project in the works is uite of tools, utilities, and bots to help creators maximize the marketing out reach and the efficiency of their social media management.
Chimera V2:
Dynamic Price Minting – Allows buyers to use price discovery to set the minting price of a project
Lottery Minting- Sell raffle tickets to your mint to ensure a fair distribution of holders without using Allowlist allocations
Auto-Minter – A new feature that allows minters to pay for their NFTs before mint and receive them later when the minting phase starts
The next project in the works is will be DVM.
DVM is an OTC/Secondary SPL token marketplace designed for scalability and mass adoption. A B2B and B2C product designed to decentralize Solana Marketplaces and bring value back to the creators/holder.
| Team Members | Role |
|---|
No details, Project rebranding to Antisocials
Pros-
They have been around for quite some time showing their determination to succeed
They are still building through the bear market and willing to adapt the project to keep up with and ever changing market.
Halvings reducing tokens is a good thing in my opinion as long as they can keep coming up with new ways of burning as well as the halvings.
They have some big announcements in the pipeline in regards to direction of the project but weren’t able to say what they are.
Cons-
Hard to decipher what’s going on and to try and grasp the basic concepts of the project took a fair bit of digging and talking with mods that have been following the project from day 1.
The only benefit for holding the nfts is getting TRTN for staking unless you hold an upgraded citizen you get to use the auto minter tool.
It seems they have a lot going on and things kind of seem a little bit up in the air with their direction at the moment but that most likely goes with a lot of projects right now given the current market sentiment.
The LP daily emissions are 2000 TRTN per day so only $26 dollars a day at current prices so not a great deal for ROI for now.
My thoughts of this project is that there are a lot of different things going on with all the nfts and trying to piece it all together was a bit of a nightmare to be honest which i find a little off putting because for someone new coming to the project, i don’t think they would fully understand what is happening or what the project is trying to achieve. The biggest part of the project is the token so they really need to nail the tokenomics for it to succeed. But the project is in a transition phase with some big announcements in the pipeline so it will be interesting to see what they have come up with.