SHILL Issue 60

$SOL (USD 1.16 Million) from the ecosystem and their website is a rip off from another project which also took
the idea from a different project. There is nothing unique and if they are showcasing themselves as a lifestyle
brand coming to WEB3, the least they could do is to design an original website.
ENGAGEMENT
In terms of Twitter followers, the project has now overtaken Trippin Ape Tribe which was the most followed NFT
Account in the Solana NFT Space at the time of their mint. Great Goats is currently sitting at over 425,000 Twitter
followers with 42 tweets from the account
They are clocking an average engagement of over 30,000 likes on their Twitter giveaways which mostly is botted
like any other project. On their normal tweets which are hardly one or two, they are clocking an average engagement
of around 2500 likes.
The Discord is also showing a similar picture in numbers with well over 200,000 members on the server and
around 400 people boosting the server. To put it into perspective, Trippin Ape Tribe closer to their mint had over
330,000 members and around 1200 people boosting their server.
In terms of engagement in their discord, they are getting an average engagement of well over 3000 likes.
If I have to compare the engagement between the two most followed projects in the space, Trippin Ape Discord
was a lot more active in terms of members being in the voice chats all day or in terms of active members in the
server.
To conclude, I would say that the project was the most anticipated mint in June and everyone was pretty excited
for the mint day, with the whitelist sales breaking a new mark every day.
However, the sentiment took a U-Turn when the project announced that they are going to increase both the
supply and the mint cost of the project by around 11.11% and 37.5% respectively. When asked for a reason for
the same, the team didn’t give a satisfactory answer according to most of the big players in the space apart
from the fact that their plans are big and they do not want to compromise on those plans because of a lower
budget.
After increasing both the supply and the mint cost the team has also put the secondary royalties at 8% which
again is a very high number after they are almost getting 1.5x of their previously decided mint funds.
From where I see as an investor, the project has done nothing which can be taken as a benchmark of what work
they are going to put in the future.
They don’t even have an original art or an original website or an in-house team of dev and yet they are about to
raise a funding of over a million dollars.
The sentiment towards them is very negative now and I don’t see them holding the floor that strong. A lot of
people are going to mint the project for a quick flip as what people did with the previous drops of high following
projects. Also, there are going to be mints of fairly better projects in the coming days which again will make a lot
of people to take profits.
I would not recommend anyone buying a WL before minting, as that will only increase the chance of you getting
rekt.
As always DYOR
SHILL Issue #60
85