The munch Dao was created by @INJmuncher who in my opinion is one of the goats of injective. What started out as a free mint with no plans and no discord has blossomed into the most diehard and devoted communities I have ever seen. On launch day munchers were the top project based off volume on Talis and since then have consistently stayed within the top three spots. while also having an ever-growing floor price currently sitting at 2.3 inj. First let’s take a look at some statistics of the top three projects by volume on Talis. Premier ninjas, Quants and Munchers:
**~Holder distribution of people holding a single nft: **
Premier ninjas: 68.48%
Quants: 69.08%
Munchers: 71.16%
**~NFTs currently listed: **
Premier ninjas: 336
Quants: 239
Munchers: 141
**~Holders: **
Premier ninjas: 1707
Quants: 3528
Munchers: 1305
~Floor price:
Premier ninjas: 17.29 inj
Quants: 3.9 inj
Munchers: 2.3 inj
Now I have nothing against Quants or Premier ninjas both are amazing projects in their own right.
However facts are important and the fact is munchers have the best distribution, and the least amount listed. Yet they also have the lowest floor price and the least allowing of holders what does this mean? One word: UNDERVALUED. If you were shopping for a car and you found one that had all the best features was the most reliable, and was the most exclusive while also being the cheapest it be a no brainer, right?
That’s what munchers is:
- it has the lowest supply (exclusive).
- The best holder distribution (reliable)
- The lowest price of entry (cheapest)
Or in other words undervalued. Once again these are the facts.
Now let’s get into what separates munchers from the rest of the pack besides the facts why should you choose to buy one? Munchers was created as a community driven project meaning the community gets to vote on any and all decisions proposed by the project. While the DAO is already active on the discord a dedicated standalone DAO website is currently being created. Along with the formation of a munch council voted in by the community that will have control over the community wallet via multi sig. aka funds will be SAFE. While a ton of stuff is being worked on by injmuncher behind the scenes one thing that I can share now which I am super bullish on is the launch of bitcoin ordinals munchers. It will be a collection of 333 munchers launched on oridinals which will help draw deep pockets from bitcoin holders over to injective and bring a lot of exposure to munchers this is something super unique I haven’t seen anyone else do yet. In conclusion what munchers have been able to accomplish in under a month is mind boggling and we are only just getting started.
Thank you so much for taking the time to read this thread I know it was a rather long one if you enjoyed it a follow would be greatly appreciated!