Plush Project Report : Chain Myth
The Plush Panda team proudly presents you with our first Plush Project Report (PPR)! This report was conducted by our Head of Research cloudDeFi, find his twitter here https://twitter.com/cloudDeFi .
In this article we will be summarizing our findings on the exciting new 5v5 FPS game ‘Chain Myth’.
The full research report can be found here: https://docs.google.com/spreadsheets/d/13drQpXGt7yPKO5WQYpAcYHnoaVOauZHI6oV32TBfva4/edit#gid=0
Please remember that none of the information provided is financial advice, these are purely our observations. Everything included in the PPR is for educational purposes only.
Introduction
Chain Myth is an 5vs5 FPS MOBA game with a play-to-earn model. Characters are inspired by Indian culture as well as different mythologies such as Greek, Japanese, Chinese and Hindu gods/goddesses. You will be able to stake your digital assets, unlock heroes/weapons and enter the battle arena in rank games to earn $myth.
We are very excited for the launch of this project, the team includes many experienced developers and designers, the community is engaged and there are multiple trusted names behind the innovative Chain Myth vision.
With a 1250 ‘golden ticket’ sellout it is evident that there is a strong demand for this project. With appropriate funding from the minting phase & royalties there is no doubting this teams ability to carryout their roadmap.
A high quality team, plan and character configuration has earned ‘Chain Myth’ a strong PPR of 30/36. Lets take a deeper look at Chain Myth and their plans for the future.
The Team
The most exciting part of this project is their experienced and capable team. The team is equipped with 12 solid members, we can take a look at their experience and background below.
With five developers, six designers and a strong strategy analyst it is no question that this team has the depth and connections to carry out an ambitious, high quality production.
Behind the team we also have multiple influential Key Opinion Leaders such as Solbigbrain, Solbuckets, SolanaPlug, Solana Sensei, Magellan, Fxnction, AlphaDog, 3nes and Nate Roth. All of these individuals have supported & promoted huge projects such as BAYC, MonkeDAO, PeskyPenguins and countless more. The support from all these individuals says a lot about the potential value of ChainMyth.
Utility & Design
Without a doubt, the details and overall character inspirations was thought out and executed beautifully. This can be seen from their generated collections and 1/1 honoraries given out to influencers. It will be interesting to see the upcoming gameplay teaser launch coming October 26th.
Lets take a closer look at cloud’s analysis of the Chain Myth utility.
Key takeaways:
- In-game performance buffer.
- MYTH NFT staking & holder rewards
- Lending & collateral feature allowing additional income to MYTH holders who may not be actively gaming
- Built only for PC, no mobile version will be offered.
- Mobile phone # verification and minimum level of 25 before being able to participate in ranked play in order to combat ‘smurfing’
Community and Innovation
The Chain Myth community currently has 4.7k Discord members and 5.2k Twitter followers. There is room for community improvement as there seems to be a decent amount of ‘flippers’ within the Chain Myth community.
However, the team has successfully sold 1,250 ‘golden tickets’ guaranteeing a Myth NFT. There was a bit of confusion on the difference between holding a golden ticket and being on the white list resulting in a few left over tickets after the window closed. Regardless, all 1,250 tickets were sold.
Lets take a deeper dive into the community and innovation.
Key takeaways:
- Massive list of Key Opinion Leaders
- CS:GO & Dota gameplay mechanics
- Allowing NFT holders to lend their NFT’s for others to play
- Organic community growth
Risks
With all innovative and ambitious projects comes a bit of risk. “Flippers” who aim for short-term gains may put the project at risk with low price floor at the beginning phase of the project post-mint. Along with a good portion of community members who seem to have little to no understanding of the functionality & utility of the project. Thus, could present a “domino effect” resulting in a devaluation of ChainMyth
On the aspect of marketing, their initial video has yet to demonstrate their full potential but was still able to ignite the excitement of the core community of their project.
Conclusion / Final PPR
Despite the short-term risks post launch, we believe in the vision, team and development behind this project. Once the hype begins to build up through their marketing plans, there’s a high probability of selling out. Like most blockchain games, the value post mint will correlate directly to the execution of their roadmap and adaptability of the ever-changing community and market.
With a solid final PPR of 30/36 we will say that this is definitely not a project you want to miss out on. Acquiring a Myth NFT early could yield a steep value increase in the future as the team completes its roadmap.
Chain Myth Twitter: https://twitter.com/ChainMyth
Website: https://chainmyth.io/
Chain Myth Discord: https://discord.com/invite/Pss36esdVU
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Discord: discord.gg/DHQcTwsVE5
