2021-08-31 12:46:45
LONG TERM HOLD:
RAT token
So I have seen a lot of noise about this ETH project but initially passed over it as mainly focussed on BSC projects outside of any alt coin portfolio.
But with their presale today and with the limited lifespan of many BSC projects I decided to do some research into it.
So basically RAT (Rare Antiquities Token) are aiming to have a real world usecase of being tied into the antique and museum industry. I cant lie I was a little confused as it seemed so random but as I read into the plans and vision it started to make a lot more sense.
Essentially the team hope that they can stabilise the coin by pegging it to appreciating antiquities. So from my understanding the owner is setting up a registered company for the project and will purchase antiquities that are likely to appreciate in value. This would then in theory over time create a price floor for the token as the antiquities rise in value due to the link with the tokens. The deeds of purchase will then be made into an NFT and RAT holders will be given fractional shares of this. As I said all these plans take a minute to understand but it all feels really well thought out.
In terms of usecase in the real world, they want to make links in the museum/gallery industry to allow holders of the token free entry. I am trying to understand the benefit of this to the museums/galleries as they would lose fiat pay in exchange for payment in the token. However it may solve a huge problem for them in terms of engaging a younger generation and increasing visitor numbers. It also sounds like promising talks have already happened with certain museums.
There has been huge marketing put in place including a billboard in New York and and an upcoming presence at a London Crypto Expo - I always personally look at what kind of marketing a project is doing to gauge not just how serious their intent is but also how experienced they are in the crypto world.
The team in chat have also promised a lot of upcoming marketing/exposure post launch such as fast tracked cg/cmc and attending an expo in Dubai.
From lurking in the telegram, I get the feeling that the owner is really transparent and atleast for me seems to be doing all the right things in terms of giving a project of this scope a real chance to succeed and also instill investor confidence. They are also doxxed which is always a pleasing aspect.
Their presale is today at 1 AM UTC on unicrypt and I can't lie the hardcap of 500 ETH seems high especially with only just under 2000 people in the telegram. There was also a private sale so I imagine the starting marketcap will be pretty high. The soft cap is 150 ETH which seems more reasonable. I do however understand these huge projects need significant funding as they have huge goals and significant potential outlays. There is also no minimum contribution for the presale which is great for people who just want to a small vested interest but on the flipside there is also no maximum contribution which could see a few whales enter.
Definitely one to read into and weigh up for yourself how viable of a usecase and vision the team have. Personally really like projects that offer something unique and clearly plan to be around for the long term and feel RAT is one of those.
Here are the links:
https://t.me/TheRareAntiquitiesToken
https://TheRAT.finance/
Bear case?
The project misses the ambitious hardcap and it slow fills to a soft cap and lacks sustained buying pressure on launch. Alternatively, the usecase takes a long time to be realised/struggles to be realised and investor interest dwindles due to the impatience often seen in crypto.
1.7K viewsedited 09:46
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