What is Timmy Finance?
Welcome back to The Cronos Experience friends! It sure has been a while since I’ve posted on The Cronos Experience, although today I have a really good project to share my experience with. From its exemplary roadmap and utility, product diversification and strong community, you surely don’t want to miss what’s going on at Timmy Finance.
Exemplary Roadmap
Timmy Finance, previously named Donkey Finance, is an NFT protocol on Cronos that launched in early April of 2023, with its first NFT collection being the Degen Donkeys. One really interesting feature about the Degen Donkeys is their extremely limited supply, which consists of a maximum of 32 NFTs, all of which have already been minted as I am writing this. This is incredibly small, and with a mint price of only 200 $CRO, could see extensive amounts of excess demand as people seek to get their hands on some from secondary markets to reap current and future utilities. Another differentiating factor of the Degen Donkeys are the great amounts of utility they possess. Minting fees from the Degen Donkey mint basically went to minting a Degen Donny NFT from the Stronghands Protocol. These Degen Donny NFTs provide monthly airdrops to their holders in the form of $USDC on Binance Smart Chain, thanks to their partners at Margin Syndicate, which acts as a revenue source to Timmy Finance and Degen Donkey holders as follows:
Moreover, this is not all that Timmy Finance has to offer, as the utility for the Degen Donkeys has only just begun and further transfers over to their second NFT collection:
Product Diversification
Furthermore, this brings me to Timmy Finance’s brilliant choice of launching a second NFT collection called Pesky Alpacas. However, this collection is quite different from the first, this time having a maximum supply of 450 NFTs and a mint price of 99 $CRO. Rewards from this collection have also been diversified, being invested in a DeFi strategy on the Polygon blockchain, rather than minting more Degen Donny NFTs, courtesy of the X3DEFI AI Trading Bots. In addition, Pesky Alpaca holders can benefit from this DeFi strategy by staking their NFTs over at Roo.Finance, which already provides a strong NFT community base over on Cronos and a plethora of staking services. How do Degen Donkeys play into this you may ask? Well, each Degen Donkey holder was airdropped a Pesky Alpaca NFT corresponding to how many Degen Donkeys they held (1 Donkey held = 1 Alpaca airdropped), so expect even more utility to come with both collections as time progresses. As shown below, here are the reward distributions for the Pesky Alpaca collection:
Strong Community
Finally, another thing I love about Timmy Finance is its extremely strong community. Each member on their Discord server is very active, and most of the people on there actively participate in community discussions and activities, which is unseen in a lot of communities that often consist of many bot accounts. This tightknit community also works together, which can be observed in the implementation of utility from Stronghands Protocol for the Degen Donkeys and from Roo.Finance for the Pesky Alpacas. The head of Roo.Finance, Joey, the founder of Timmy Finance, Big Timmy, a team member of Timmy Finance, $SPHERE Duke, and the community head of the Stronghands Protocol, myself, are all part of each others’ communities, which is honestly incredible and I personally would love to continue working with all of you guys in the future! You’re all legends!
Thank you for reading, and check out Timmy Finance on their official website here for the Degen Donkeys and here for the Pesky Alpacas, as well as their Twitter if you’re interested! As always, thank you for reading, this is not financial advice, do your own research and stay safe on the blockchain! I appreciate all your support! You guys can follow me on Twitter and on Medium.
Also posted on Publish0x, which pays you to write and read articles in crypto!
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