Article Top Ad
Reading Time: 3 minutes

Singapore, Singapore–(Newsfile Corp. – November 12, 2021) – Since the advent of Non-fungible tokens (NFTs), many projects have boasted of selling out NFT collectibles. However, Radio Caca has been in the Binance NFT market and that has set it apart and made it very popular within the NFT marketplace. In October, Radio Caca maintained a whopping 40% of the total transaction volume that was executed on the Binance NFT marketplace. This is an indication that Radio Caca has a massive influence on the Binance NFT market and its blockchain protocol.

On November 7, Radio Caca commenced its Mystery Boxes NFT distribution. The most interesting thing is that they sold out over 50,000 BNB in a matter of two hours. This is nothing short of amazing. For a better perspective on the achievement of Radio Caca, their previous release controlled more than 85% of the entire Binance NFT market when it was released.

Overview of Radio CaCa Mystery Boxes

These are pro-grammatically created boxes with different contents of varying value and rarity. Like a gift box, people won’t know what is contained in these Radio CaCa mystery boxes until people have opened them. Depending on how lucky they are, the NFT mystery box can contain rare and valuable items that can sell for a fortune. People can open the mystery box any time people want. On the other hand, people can sell it for a profit without opening it to know the content of the mystery box. For this mystery box NFT, buyers pay a fixed price without knowing the exact content of the box until they open it.

Here, buyers are jostling for a chance to receive rare and special NFTs at a relatively small price. People can also take these mystery boxes to be an upgraded version of surprise chocolate eggs. These chocolate eggs come with a surprise toy or something else in a plastic capsule. Until people open it, they have no idea what surprise awaits them inside. The Radio CaCa mystery boxes contain things like N-Metmon, MPB, Land, R-Metamon, and SR-Metamon.

Mystery Box Revenue Distribution Plan

According to Radio Caca’s report, 50% of the revenue from the mystery box distribution will go into funding tech development. To promote the Radio CaCa NFTs, 40% of the revenue will go into marketing activities like the signing of celebrities and Metaverse movie production. The remaining 10% will go into the Radio CaCa liquidity pool. While 5% is used to buy back RACA tokens from the public market, the remaining 5% will be swapped for ETH. Once all that has been done, they will add the two of them into the RACA/ETH liquidity pool on Uniswap.

The liquidity pool will be locked for a period of 10 years. The implication is that the liquidity pool tokens will be locked inside the protocol forever. According to their report, they are more interested in building a larger and more attractive liquidity pool in the market. This will ensure that whenever BTC is experiencing a bear market, the RACA token will have an independent performance.

Radio CaCa Strategy For Upcoming Distributions

Radio Caca plans to sell four more rounds that will accept BNB and ETH as payment options in 2022. For the rest of 2021, the RACA token will be the only acceptable payment token. The reason is that the 50,107 BNB profit from the November 7 distribution is enough to cover all expenses of the development team for the next 3 years.

Assuming the retail price for the upcoming four release rounds in 2022 is 3BNB, the net BNB generated will be 240,120 BNB. If the team sells each BNB for $1000, they will generate $240 million. If this estimation holds, they plan to use it to build their liquidity positions. In a market as dynamic and volatile as the crypto market, hope can be a dangerous thing. Therefore, Radio Raca needs also to have a viable “plan B” with regards to building its liquidity position.

What is Radio CaCa?

Radio CaCa is one of the GameFi industry leaders, and it has continued to build on its success since it was launched earlier this year. It has been involved in some of the hottest projects within the NFT and Metaverse industry. The platform has executed consecutive NFT sellouts, has an exclusive right to Maye Musk non-fungible tokens, and offers a thrilling play-2-earn Metamon experience. It has also continued to control the secondary market on Binance NFT.

All these are put together to make the project an industry leader. There is no doubt that they are on course to something massive in the GameFi and Metaverse space. For more information about Radio CaCa, visit their social media handles and other official pages like Twitter, Medium, and Telegram.

Binance Links

Binance NFT Market Place: https://www.binance.com/en/nft/home

Radio CaCa

Twitter: https://twitter.com/RadioCacaNFT

Telegram: https://t.me/RadioCaca

Website: https://www.radiocaca.com/home

Medium: https://radiocaca.medium.com/

Metaverse Discord

http://discord.gg/qzM796FrDd

Media Contact
Contact Name: Mike Radio
Contact Email: [email protected]
Company Name: RADIO CACA FOUNDATION LTD.
Address: 3 Fraser Street, #05-25, Duo Tower, Singapore, 189352
Phone: 1-650-495-8149
Website: www.radiocaca.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103225

Powered by WPeMatico