$SOTA - Price Showing Positive Momentum

Updated: Apr 8



Currently $Sota is listed as #37 on the CoinGuecko NFT page - with a recent listing on #uniswap. It began trading at .7$ and is now in the .45$ range with a market cap, very low relative to competitors in the NFT market. The headquarters are in south-east Asia, so the value of $14,000,000 is strong at this stage, as the cost of engineering is lower compared to Europe & North America. Per CoinGuecko, the opening price was .61$ - after a few days trading the price decreased to a floor around .3$. Since then, momentum has turned consistently positive. We expect this trend to continue.






POINTS OF DIFFERENCE


$SOTA key differentiator is it bridges the NFT marketplace across blockchains. Currently, the other options are either $ETH or $BNB or $DOT. $SOTA aims to bridge across them, which would differentiate this project distinctly in the space. The project already has a working model for its platform. Beginning early with an MVP provides the founders to test and fix bugs & the user experience quickly. Other more established projects such as $LYXe, which I believe will lead the space in the long-run without question, are still in beta testing to a small set of users. This was already scheduled years back for $LYXe, but projects such as $SOTA are showcasing that it can be done faster.


WEAKNESSES


In the NFT space, partnerships are very important to showcase the ability to enter in retail, music, gaming, fashion, or art spaces. Currently $Sota being very new - does not have any serious brands they are partnering with. This could be a positive however, as they have less organizations they have to include in the token distribution and it decreases compliance distractions.


TOKENOMICS


From the website


Stake SOTA tokens to earn our limited NFT editions

You can stake up to 1000 SOTA tokens to earn pumpkin points, which can be exchanged for our limited NFT editions provided by our selected artists. Note that when you sell farmed NFT for the first time, 50% of your earnings will be shared with the original artist.


Start to trade NFTs in SOTA market

Platform users can buy and sell NFTs in the SOTA market. Note that transaction fees are different depending on the blockchain networks. In case users pay with other tokens other than USDT, exchange rates from external trading services will be used to calculate the payment amount.


Create your original NFTs easily with SOTA platform

Anyone can create NFTs in the SOTA platform using their digital content. At creation, a user will define the number of NFTs created for the selected digital content. There is a selected group of creators by the platform team who can contribute their NFTs to the network for farming purposes. Contributed NFTs are shown on the “Farm NFT” page, where SOTA holders can stake their SOTA tokens to earn these NFTs.



Market Cap $13,355,326


24 Hour Trading Vol $4,357,545


24h Low / 24h High $0.356098 / $0.510197


Circulating Supply 27,728,973 / 100,000,000


Fully Diluted Valuation $48,163,796


Max Supply 100,000,000


$SOTA LINKS


https://www.coingecko.com/en/nft


Here is a link to an interview with the founders


https://www.coingecko.com/en/coins/sota-finance