What exactly are the Cool Sloths that have taken Aptos by storm?
Cool Sloths, the latest alpha on Aptos?Author: Alex Liu, Foresight News
If there is still some debate about whether the entire crypto market has entered a bear phase, the NFT sector is undoubtedly in a bear market right now—many projects have floor prices that are just a fraction of their 2021 highs, and the price charts show no signs of reversal for the time being.
However, bear markets can also hide opportunities: the top NFT project in the Solana ecosystem, Mad Lads, was launched during the bear market (minted on April 20, 2023, at 6.9 SOL, when the price of SOL was around 22 USDT) and achieved returns of over a hundred times after the market improved.
Thus, a project has emerged: Cool Sloths on Aptos.
Why Aptos?
The hottest public chain recently is actually Sui, but Aptos, the other half of the Move twins, is also making moves and refusing to be left out. The introduction of native USDT has renewed interest and growth expectations for it. At the same time, many leading projects in the Aptos ecosystem have yet to issue tokens, and in a time when airdrops to top NFTs from ecosystem projects are not uncommon, the potential for imagination is vast.
Why Cool Sloths?
Ecosystem Support
Cool Sloths has the backing and endorsement of the Aptos ecosystem—this is also why I first noticed the project. From Aptos co-founder and CTO Avery Ching to various project members and community managers within the Aptos ecosystem, they all changed their profile pictures to Cool Sloths over a month ago, even before the minting began—they received a custom 1:1 from the project team.
Members of the Aptos ecosystem holding Cool Sloths
Project Background
The team behind Cool Sloths is also the team behind CRED and TowneSquare. CRED is an application that creates an on-chain social graph and reputation points system, and has recently announced its expansion to Monad, with the Movement testnet already launched; TowneSquare is a decentralized mobile social app that not only showcases the mobile development capabilities of the team but also states that it will empower Cool Sloths around this mobile app.
Cool Sloths will be highly integrated with TowneSquare
The team has also received support from Bixin Ventures, monkeDAO, and others.
In addition, the project team has clearly stated that "Cool Sloths is the official NFT series of TowneSquare and CRED. Holders will enjoy benefits, drops, content, and opportunities related to major ecosystem milestones."
How to Participate?
The project has now started minting, so visit the official website to check if you have whitelist eligibility, and choose to participate in WL mint or wait for the public sale!
Note: The total number of NFTs is 7000.
Mint Time
- WL (Whitelist): August 20, 0:00 ～ August 24, 0:00, during this phase the price is 5.4 APT
- Public Sale: Starts August 24, 0:00, during this phase the price is 6.9 APT
WL Eligibility Criteria
- Rank in the top 6000 on CRED
- Hold mainstream NFTs in the Aptos ecosystem, including Aptos Monkeys, Aptomoingos, etc. (full list in the image below)
- Hold over 10 million GUI (the first meme of the Aptos ecosystem) or any number of Seedz.
- Provide APT liquidity on Joule Finance.
You can visit: https://www.coolsloths.com/ to check if your address has WL and the WL quantity.
Secondary Market
If you want to purchase on the NFT secondary market:
- Wapal
- Tradeport (aggregator)
Directly purchase minted Sloth Balls on Wapal
Subsequent Gameplay
What you receive after a successful mint is not a lazy sloth, but Sloth Balls. You will need to wait for the official announcement regarding the subsequent "defeat the evil sloth" tasks and their timing, and work with other users to upgrade Sloth Balls to Cool Sloths.
