Attracting 25,000 ETH to participate in the public sale, can TinFun become the "light of domestic products" for NFT?

Written by: Asher, Odaily Planet Daily

In the past few months, the Bitcoin ecosystem has undoubtedly been the biggest hotspot, while the Ethereum ecosystem has a weak narrative, and the floor prices of major blue-chip NFTs have continued to fall.

However, the domestic NFT project Tinfun (commonly known as: Tianfang) has recently become the focus of the market. The public sale lottery was open for 24 hours and attracted more than 25,000 ETH to participate. What exactly is Tianfun and why is it calledCommunityIs NFT called the "glory of domestic products"? Odaily Planet Daily explores this.

Project Introduction

Image source: Official Twitter

Tinfun is a project initiated by LaserCat, a well-known domestic KOL (commonly known as: laser cat). It is a PFP project with the theme of traditional Chinese culture, with a total supply of 10,000 sheets.

According to LaserCat, Tianfang has been in planning for a long time. The project was launched at the end of 2022. The first push was officially released on March 15, 2023, and it was not released until January 7, 2024. Tianfang will not open the map immediately after the sale, but it also hopes to complete the opening before the New Year, so that the holder can change to Tianfang's NFT avatar when the new year comes. At the same time, LaserCat said that Tianfang has no strong empowerment and no promises. It is an art-driven NFT project.

Entering the official website of Tianfang, it can be seen that it adopts a horizontal design (similar to a scroll), which is derived from the meaning of the word "horizontal" in Chinese culture: it implies openness, full of vitality and vigor. In addition, from the official information, it can be seen that the elements of Tianfang NFT are derived from myths and legends such as Shanhaijing and Sou Shen Ji.

Image source: official website

The initiator LaserCat also mentioned several times that Tianfang is a long-term project and will work hard to do it well (as shown in the figure below).

Image source: LaserCat personal Twitter

Official Twitter: https://twitter.com/TinFunNFT;

Founder Twitter: https://twitter.com/BitCloutCat;

Official website: https://www.tinfun.com/zh.

Project sales: Increase whitelist quota and reduce public sales

At the end of December 2023, the official release rules of Tianfang were determined as follows:

• Total number of tokens issued: 10,000, of which 5,000 are on the whitelist and will not be over-issued. The number of tokens for public sale is also 5,000.

• Release price: 0.1 ETH;

• Sale rules: The public sale is a lucky sale, using a lottery mechanism;

• Release date: January 7, 2024.

Due to the popularity of Momoyu game fragments, the number of whitelists exceeded expectations. In order to fully protect the rights and experience of whitelist holders, Tianfang adjusted the upper limit of the whitelist to 5,800, and reduced the public sale quota to 4,200, with the total amount still being 10,000. The unsold quota on the whitelist will be automatically added to the public sale.

forCommunityRegarding the question "Why didn't you choose a full whitelist release or directly open the Gas War?" LaserCat explained on his personal Twitter that if a full whitelist release was launched, it would lead to excessive PUA, and if the Gas War was open, it would most likely be monopolized by scientists, and there would be no need to waste the Gas; although the lottery could not be absolutely fair, it was a relatively fair choice.

Tianfang will finally start selling at 11:00 on January 7, 2024, and will last for 24 hours.wallet可以存入一次最低 0.1 ETH，最高 0.2 ETH 进行抽奖。但由于Community参与公售抽奖的热度过高，公售抽奖金额在不到 24 小时就达到了预期目标的 25000 ETH。为了避免市场过度炒作、社区过于 FOMO 并保证大家的资金Safety, Tianfang decided to close the public sale early at 8 am on January 8.

Tianfang public sale lottery amount reaches 25,000 ETH

Around 10 o'clock this morning, the results of the public sale lottery were announced, and the discussion about Tianfang NFT in the community also became more heated:

• The draw was quite random, I don't know how the selection was done, I never used the number I won;

• Participated in 80 numbers and won 4 small numbers;

Xiaobai Navigation

• The popularity is too high. I want to go to the market to see what the whitelist price is now.

• ……

If users who have participated in the public sale lottery have not yet checked the results, they can check the lottery results immediately at TinFun’s official website → sales page → public sale lottery module http://tinfun.com.

OTC

At present, the public sale of Tianfang has been opened, but the NFT has not been immediately airdropped to the winners, and the secondary trading market has not been opened. Currently, Tianfang transactions are still in the form of OTC transactions. According to feedback from community members, there is currently a large amount of buying orders for Tianfang whitelist OTC transactions in the WeChat group at 0.8-0.85 ETH (as shown below).

Tianfang OTC white single price situation

At the same time, there are also KOLs on Twitter who are optimistic about TinFun and expressed their willingness to purchase a large number of whitelist shares before the secondary market opens. The following picture shows a KOL on Twitter saying that he purchased a large number of TinFun whitelist shares for $1,800.

A KOL's acquisition of Tianfang Baidan

According to the current off-market whitelist price, the market expects the opening price of Tianfang to be above 1 ETH. Therefore, users who have not won the prize or like Tianfang can refer to this expectation and decide whether to buy Tianfang when it opens.

Odaily Planet Daily reminds investors that the crypto market is extremely volatile and they must conduct sufficient research before investing.

The article comes from the Internet:Attracting 25,000 ETH to participate in the public sale, can TinFun become the "light of domestic products" for NFT?

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