The Future of LoopyLorisTribe

This is a new beginning

Hello Tribe!

This medium article is about the Loopy story, the building process, and the current situation that we are in. The objective of this article is to be transparent with our community and depict everything we have been dealing with internally.

Due to the weak results after mint and also because of the market condition we are forced to make a tough decision.

As you are all aware, any project requires an initial investment and resources in order to be self-sustaining. In areas such as marketing, site development, art, and community building, we have invested our own capital. We should also consider the fact that we have spent a substantial amount of money in the terra ecosystem.

As we want to be fully honest and transparent with you all, we will outline our expenses and our profits, so you can understand why we are not able to move forward with this project.

Art: $2300

Marketing expenses: $2400

Marketing Team: $4100

Illustrator: $1200

Website development: $1300

Mods: $1275

Summary of expenses: $12575

We have gained from mint: 485k Stars — $9967 (Current Price)

We expected to raise about $32000. We have been working on this project for 5 months. It is terrible that we could not fully pay our team what they deserve for their time. After we crunch the numbers we are not even at break-even: we are at a loss of $2608.

With great regret in our hearts, we are forced to stop building for LoopyLorisTribe as we don’t have proper resources to sustain the project.

As we still believe in this project idea, we want to leave this project to the community or to one person that wants to take ownership of it. We have an awesome community and want the name to live on. We love all of our supporters. The treasury wallet will be given to holders. The 1/1s will be given to the top 5 holders with the most NFTs.