2022-04-22 19:40:29
++ MID-LONG Term Holding ++
++ ERC20 ++
Dibs Hi guys! We have been ‘dating’ this project for a while and waiting a dip that took a few days to come. There’s been not much noise around it yet, so not a big price discovery and a great upside for both short/mid and long term.
$DIBS is a NFT Auction platform that solves some interesting issues we have seen. Some have been doing a comparison to $LOOKS which is a long way to go, but still an interesting overall feeling around the project.
$DIBS is building a NFT Vault to be
sold in their Auction using $DIBS tokens. One of issue they solve are the thousands of NFT holders that many times do not find buyers and end up sitting on their NFTs, so
$DIBS help these NFT holders to find a liquidity for their NFTs, while providing their
$DIBS holders a better price on premium NFTs as well.
As holders use
$DIBS to buy NFTs in their Auction, they accumulate tokens to burn and to use for Staking and other utilities in the future, increase overall project value.
$DIBS did their
1st Auction last week for a
AlienFren NFT worth 2.5ETH that was sold for 15M $DIBS (0.86ETH) - giving its new holder an immediate arbitrage of 1.9ETH.
Team is now
developing their Auction dApp and are in talks for partnerships, along with Marketing as not much but organic growth has been done.
560K Market Cap
$DIBS
Contract - 0xca5ad03ce960c0ef8954999cc3b0983c68c7ba8a
Website - www.gotdibs.space
White-paper - white paper is in works but website is comprehensive
Dextools - https://www.dextools.io/app/ether/pair-explorer/0xaf72a4ea9fc3ab6c8b594c5dff0475a19e510912
Telegram - https://t.me/GotDibsProjectOfficial
Limitations - n.a
Potential: X2, then X4, then (maybe) X10 plus
Tax: 4% on Buys & 12% on Sells
Comments: n.a
Liquidity: 6 Months from deployment
MID-HIGH RISK
Remember to take out your profits. Not financial Advice.
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