The much-anticipated “Le Cougar Clique” NFT drop is finally here. The unique drop is materialized by a strategic partnership between Cyclos and Solatars.
“Le Cougar Clique” launch is attached to Cyclos NFT Collection, which connects the NFT space to the DeFi space. It does this with the help of a unique “culling” mechanic, reducing the NFT supply in a bid to increase its demand or scarcity. This entire deflation mechanism is known as Cougarnomics.
1/ We've partnered with @SolanaInsiders and @MillionMonke to give away 1 Cougar Clique NFT + $200 in $CYS, $MIMO and $SOL (There will be 4 winners in total)
For your chance to win:
Like + RT then click here to enter: https://t.co/AX6FM7nHjJ pic.twitter.com/lAwd0slgnL
— Cyclos (@cyclosfi) November 18, 2021
More About Cougarnomics
On the CycloSwap platform, 25% of fees plans to eliminate the weakest collectibles every two weeks. Likewise, this exact mechanism is applied to 15% of all Cougar royalties sales. In removing or culling the weakest Cougars, the platform buys back the NFTs from the supply chain and destroys them.
Also, the platform will purchase $CYS tokens with one-fourth of all earnings. Moreover, liquidity pools stake $CYS tokens. Therefore, giving the platform a considerable measure of control over the supply of its native token,$CYS.
Details of the “Le Cougar Clique” NFT Drop
The “Le Cougar Clique” unique NFT drop will occur in one batch of 10,000 collectibles created in partnership with Solatars. According to the official press release, the NFT drop will be live in December. The drop will also take place via a minting event on Solana-based AMM, Cyclos.
Making use of a unique concept created by Uniswap, Cyclos can facilitate any swap pair. Also, Cyclos offers a more accurate price position and is also a cost-effective option comparing to Uniswap V3. Finally, it’s important to mention that Cyclos is the first-ever liquidity AMM on the Solana blockchain.
2/ @cougarclique is the 1st DeFi Integrated NFT Collection on Solana and an expansion of the @cyclosfi ecosystem.
To find out more and to read about the deflationary Cougarnomics visit: https://t.co/xGCKiOVzHy pic.twitter.com/9SW5goh189
— Cyclos (@cyclosfi) November 18, 2021
In addition, the Co-founder of Cyclos, Jason O’Brian, disclosed, said: “By linking the supply of Cougars with Cyclos, we aim to create a virtuous cycle between the two products and their communities.” Moreover, he added, “[…] Cougar Den (the DAO behind the project) will be for the community to collaborate on developing future use cases together with the Cyclos team.”
$SOL and $CYS Price
When writing this article, the price of $SOL is trading at $188.54 with a market cap of USD 57 million and a 24-hour trading volume of USD 2.7 million. Also, the token’s price has been down by 9.7% in the last 24 hours.
On the other hand, the price of $CYS is trading at $1.36 with a market cap of USD 15.8 million and a 24-hour trading volume of $321,603. The token price has been up by 2.9% in the last 24 hours.
We hope you’ve learned from the latest Cyclos NFT Collection.
Join us on Telegram to receive free trading signals.
Find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.
