We have previously mentioned several inspirations for our project and its design, founders whom we believe lived by the “under promise and over deliver” mantra and executed beyond people's imagination.
We are bringing PRIME KINGS to Cardano in order to do things differently and build a project the “right way”.
For this reason, we are not here to make grand promises or deliver utilities that we believe are unsustainable and provide little to no benefit for our holders 1 year, 3 years, and 5 years from now. Investors should not believe their investment is secure because a project plans to release staking immediately after or a couple of months after minting.
There is a right time to introduce staking, especially when it is ingrained into the lore and ecosystem under development. However, a project without high market demand cannot sustain the price of an imaginary token for a prolonged period of time.
Like most projects we have seen across all chains, those tokens are eventually worthless and staking is no longer a value-add to the project.
PRIMEKINGS will have future ecosystem expansions. We will never ask a PRIME KINGS holder for another penny after minting their first PRIME KINGS NFT.
We are inspired by projects that have delivered tens of thousands of dollars of value to their holders and that’s not including the floor price of the original NFT.
Our focus on Brand/IP development is core to this approach. We will not expand our ecosystem before the market is prepared and when our Brand is positioned to do so.
Once we are ready, the purpose of the expansion will not be to raise additional funds for PRIME KINGS, but rather to reward our existing holders and give an opportunity for CNFT investors to have an entry into the PRIME KINGS ecosystem.
When starting a brand you have to build a strong foundation in your niche market. Once that foundation is built, we unlock limitless possibilities for which we can grow upon.
We believe there is a right way to introduce these mechanisms into our ecosystem.
We plan to introduce staking, a token, and many other [gamified] DeFi mechanisms when it makes sense.
The PRIME Ecosystem components will activate with each chapter of NEO Xentos. We will update the PRIMEPaper periodically to provide information on the existing utilities and tease future utilities and ecosystem componments.