Zerion.io — Best undervalued utility NFT on the market.
A top NFT with 100x potential on the next bull run — Zerion Genesis Collection — Token and NFT Airdrops incoming?
RECAP:
This is a quick follow up to my previous deep dive on Zerion Genesis NFT Collection. As a recap, approx 50,000 Zerion Genesis NFTs were initially minted for gas cost only, of which approx 15% were rare, less than 1% were legendary, and the vast majority and remainder were common. The main benefit at the time of writing is the Zero platform fees on the Zerion app. Common NFTs have free fees for a year (ending March 2023), and the Rare and Legenday have zero fees forever.
If you’ve ever used Zerion, it is by far the best UI out there, simple, sleek, and fast. It connects with your Metamask or other walletconnect Web3 wallet, and seamlessly allows you to swap and bridge tokens across 10+ chains and growing. It also aggregates swaps and bridges, so get you the best prices and bridge times. Swaps are instant, and bridging is less than 2 mins. This alone makes the fee-less use of the protocol worth the investment for the NFT’s. Now they are hinting at a lot more uses and value for the NFTs, and the market has not yet fully appreciated the value this will bring to the NFTs.
UPDATE:
From the beginning, Zerion has been hinting at additional coming use cases for the NFT’s. With today’s news release, they have stepped up the hinting significantly.
Here’s a summary of the hints and benefits they reiterated today, and a quick discussion of the implications and meanings behind some of them:
- Genesis NFTs are ALL minted … no more will ever be created.
- About 7,500 Rare cards are in circulation, providing the forever benefits.
- Holders of a Genesis Card will not only have the Zerion fee waived for swaps on all chains but will also enjoy advanced trade routing
- Soon, we’re also bringing premium features to power our users with advanced DeFi & NFT tracking and investing tools. The Genesis Card will act as an NFT membership, unlocking access to these features.
- Finding the best rates across 10+ liquidity sources: not only 1inch and 0x but also Hashswap, Paraswap, Uniswap, Curve, and other DEXes and providers
- Trading complex DeFi tokens such as liquidity pool positions or Aave aTokens in a single transaction
These are all phenomenal utilities for the NFT, and are themselves worth multiples of the current price of the NFT’s. Below is one of the original hints that point at future NFT drops for Genesis card holders:
- Original Hint: While the Zerion Genesis Collection was Zerion’s first NFT drop, it’s probably not the last.
But the real hint they snuck in today was the following, and what I personally believe is a hint at a potential future airdrop of a Zerion tokens.
- Today’s Hint: In the near future, those Genesis Cards might become even more useful.
CONCLUSION:
Firstly, none if this is financial advice :) Second, let me also disclose that I own a bunch of these Genesis NFTs that I have been accumulating for the last few months, so as always DYOR. Lastly, the full potential of these NFTs will likely necessitate a 1–2 year hold, as the next bull market beings to take hold.
More importantly, these are a serious value proposition, particularly for Defi users, but equally for speculators who might want to flip the NFTs down the road. In the right market conditions, if my suspicions are correct and they do issue a token airdrop and NFT airdrop to Genesis Card holders, the airdrop alone may be worth multiples of the current NFT price. It is likely any airdrrop will also reward platform users and wallet holders, so jump in and give it a try.
But this platform is one of the best user experiences out there, plans on becoming fully decentralized, is constantly adding features and innovating, and the utility of the NFTs alone should command 15x or more of the current price of these NFTs at the time of writing (about 0.07 ETH). They are way underpriced, but the floor has started climbing, and I do not think it will be long before they are significantly more expensive to acquire. The market has not yet priced in the potential of these NFTs, and although they are certainly higher risk (as most NFTs frankly are), they are also super high potential reward.
Good luck out there.
Until next time,
Sovereign Crypto.
