There's a pattern to the NFT market.

A collection launches. The community becomes excited. The mint sells, trading is about to start, profile pictures start showing up on social media—and then comes the hard question:

But what happens following the hype?

This is the issue Golemians is addressing.

The project isn't trying to make the mint its main attraction; instead, it's concentrating on what will happen once someone is now a mint owner. It's a model that focuses on long-term ownership, rewards paid on a recurring monthly basis, opportunities to use NFTs in whitelists, and collaborations with other NFT communities.

4,444 NFTs, But the Bigger Idea Is What Comes Next

Golemians has a 4,444 NFT collection, as its airdrop strategy suggests. The project’s supply breakdown includes guaranteed mints, partnerships, and an FCFS (first-come-first-served) allocation, although the price for claimed NFTs is said to be revealed in the official campaign.

But the supply details are, ultimately, a small part of the narrative.

The fascinating aspect of this project is that its developers appear to recognize that an NFT collection needs a reason for people to continue engaging beyond the launch. And the Golemians team has decided to give its holders recurring utility in the form of raffles.

In essence, it is the same concept as ‘buy one, get one’, but applied to on-chain ownership. A holder of at least five NFTs during the qualification period can enter the monthly raffle - there is no mention of staking requirements, presumably, because the data is already available on-chain.

By implementing this idea, Golemians separates itself from the usual “buy now, get nothing” utility model utilized by many other NFT projects.

The More You Hold, the More Weight You Get

Golemians outlined the reward structure for eligible holders in their system. First, on the number of NFTs and their impact on the raffle weight. The description is as follows:

5-9 NFTs: 1x raffle weight

10-14 NFTs: 2x raffle weight

15+ NFTs: 3x raffle weight

Then, the team stated that approximately 50 holders would be picked every month. Out of these 50, 20 would be rewarded with cash, while the other 30 would receive whitelist claims to particular NFT projects.

I like their idea of providing rewards based on the number of NFTs. It certainly motivates one to hold on to their collection.

Of course, whether this will lead to profits is a different matter. But the mere fact that one can increase one’s chances of winning by simply possessing more NFTs is enticing enough.

And this right here is the genius of their concept – in contrast to Mint, Trade, Hope scheme, Golemians are all about

Mint, Hold, Qualify, Participate & Profit.

At least that’s how I see it. Whether it works for everyone else – well, it’s up to you to decide.

No Staking Could Be a Big Advantage

One thing I like about this one is an attempt to not bloat the offering with unneccessary complexity

Nft projects have a habit of making staking systems, second tokens, several dashboards, claiming process etc. Sometimes needed, sometimes not, but either way complicating a simple idea.

Golemian's take on it is much more straightforwards, if someones on-chain wallet history is showing that he had the required amount of nfts at the time of qualification, then that's how it's done.

This approach preserves the option of a much simpler user experience.

The user has the nfts,

the blockchain says he has the nfts,

then the user can do whatever he wants with them, including participating in this raffle.

This is much less steps than needed in a lot of other projects, and as someone who wants utility from their nfts, but still values a simple user experience, I think this is a good approach.

The Real Test Is the Reward Treasury

Here is where things get interesting – and where execution will prove critical.

Based on the Golemians’ own published information, the rewards treasury should presumably be sustained by secondary sales with 80% of the aforesaid 100% allocated to rewards.

The logic is circular:

more active secondary trading will lead to more funds being funneled into the reward system.

One can also see a problem:

royalties are a discretionary distribution – if trading slows down, there will be less to distribute.

That said, the success of the entire system will be determined by much bigger forces. In other words, a clever contractual mechanism will only be helpful within the context of an active and engaged community which will drive demand and facilitate active trading – and the combination of the two factors will lead to increased value realization for everyone involved. This is the biggest risk to reward-based tokens, including Golem – and the reason why a well-designed launch is essential.

Golemians Is Also Trying to Build a Network

The project is not just about being a collection that rewards its holders

Another exciting aspect of the project is that it will provide cross-collaboration and whitelist opportunities with other NFT projects, creating an interconnected network of holders and communities that can benefit from each other’s offerings.

If realized, this would undoubtedly be one of the most significant advantages of the ecosystem.

The NFT space is highly competitive, and it can be challenging to identify promising projects at their early stages. A community of holders of a successful collection can have substantial advantages by having access to pre-launches, whitelists, and unique opportunities of other NFT projects.

At the same time, as with any promotion tool, the quality and relevance of the opportunities will define the value of this ecosystem feature. A flood of irrelevant whitelists might become an annoyance rather than a benefit for some Golemians, so the list should be curated with care.

Why Golemians Is Worth Watching

I would not say Golemians is a guaranteed success.

Any NFT project cannot be considered a guaranteed win before it has proven itself over time.

However, I think that the project in question is attempting to ask the right questions that other NFTs should be asking themselves.

Namely, what can lure somebody into staying interested and invested six months after the drop?

This is the point where Golemians are intriguing to me.

The project is postulating a 4,444 NFT collection with ongoing holder rewards, weighted tiers, on-chain verification, collaborations, and a design centered around retention rather than an immediate “buy and dump” utility.

It is all very straight forward.

Sometimes, simplicity is its own difficulty.

The true test for Golemians will not come on the launch day.

Instead, it will be when the project will have to prove itself worthy of ongoing investment.

If the team can secure partnerships, build the community, and develop a rewarding system, I think that Golemians would be a fascinating experiment in the NFT space.

For now, this is the reason why I am paying attention.

Not because it promises to revolutionize the NFT space overnight, but because it is asking the questions that should be asked after the immediate NFT frenzy dies down.

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