Today I will be covering an upcoming project on SUI blockchain called 7K.
The reason it is on top of my priority watch-list is because it is like a gem hidden in plain sight. There are very few people following it on X/Twitter. Small username compared to other bigger SUI projects which makes hitting the top 1,000 on their leaderboard quite easy.
It is basically a DEX on SUI where you can place Limit orders, set recurring DCA buys or perform simple regular swaps. It has recently introduced a Memecoin Launchpad and hopefully will soon launch LP options as well.
How I am Preparing for the Future Airdrop?
I have been following this project closely since they day they started and had less than 1K followers on Twitter. What I found exciting about this team is that they focus on their roadmap and keep building steadily. Not much worried about how the market or there teams are performing.
1. Collect Drop Points
I started by using their DEX for swapping into all the new SUI projects I wanted to try out. Once the SuiLEND airdrop was done I started using their swap exclusively. This helped me climb up their leaderboard which was linked to how many Drop points you accumulate.
2. Mint Droplet NFTs
As you collect more and more Drop points you will keep improving your eligibility for the future airdrop from 7K. On top of that there are additional benefits for people who are able to accumulate large amount of Drop. You can use these Drops to mint special NFTs called Droplets are limited and there will ever be max of 7,200 Droplets that can be minted. As of now about 3,400 Droplets have been minted so I expect in some weeks they will be completely minted out.
These Droplet NFTs are expected to have future utility in the 7K ecosystem and are available in the NFT trading markets like Tradeport for about 5 SUI.
3. Mint Tako NFTs
7K recently launched their core NFT collection called Takos. The mint is still running for about 12 days more. Inspired by the name of the project the collection will have a max of 7,777 Tako NFTs. Of these about 2,400 have already been minted.
There are several reasons why the collection has not minted out quickly:
- Expensive Mint price- The Public mint price is 49 Sui for common box and 69 Sui for rare box. The Legendary boxes worth 169 Sui have already been minted out
- Surge in SUI price- Since the Tako collection was announced SUI has been gaining strongly from being under $2.5 to hitting the $4 mark. This is making people think twice before using their Sui to mint an expensive nft.
I usually stay away from expensive NFT mints mainly because I never have much funds available. For Tako NFT I made an exception and minted 2 Boxes. The reason I made this exception is my strong conviction that 7K is going to do really well in the coming months and establish itself as a top project in Sui ecosystem.
I have been part of the 7K discord for quite some time and have noticed the team is very clear in all their communications.
Why Did I Invest in Tako NFTs?
There are several benefits linked to holding the Tako NFT many of which have already been announced and some will be announced later in a few weeks. One key trend I have noticed is that whenever there is a big airdrop in SUI ecosystem they always reward holders of the major NFT collections and I expect Tako to be recognised as a leading Sui NFT soon.
The biggest benefit of holding a Tako for majority of the investors is that 10% of the airdrop from 7K will be reserved for Tako NFT holders.
This means that considering there will be just 7,777 Tako NFTs the price for each will easily exceed 100 SUI so getting a WL will be really useful.
Looking at current mint rate it is possible the entire collection will not be minted out.
The team has already mentioned that whatever NFTs are not minted by 23rd may will be burnt. This means that remaining NFTs will become even more valuable.
If you want to get started with Airdrop preparation for 7K then you can start using the app and feel free to use my referral link to earn 17% bonus Drops:
Cheers,
Sam
