Bored Ape Solana Club

A little bit of history...

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BASC originally minted the 4th January 2022, with his founder being Bored Dragon.
He held a stealth mint at a price of 0.69 SOL and total supply of 6,001.
The mint finished on January 13th and got listed in Magic Eden.
Volume in the first 24hs was extraordinary, FP went up to its ATH above 20 SOL and rare traits apes were selling above 50 SOL.
About 2 months after mint date, secondary trading volume had reach roughly 6 million dollars. At that moment, the founder rugged and disappeared.
Far from shutting down, some of the OG holders gathered together and decided to start the process of de-rugging the project.
They raised 100 SOL with the community and had the entire collection art re-done so it wouldn't infrict BAYC legal rights.

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Since then, a lot of hard work has been done by the team and also by the community.
New collections were launched with collaborations between projects and lots of interesting ideas were also executed. For example, the pizza mondays, tank tuesdays (and so on) where you have the chance to get free pizza or a gas tank only by being a holder.

You can read the full history here

Analyzing key points

  •  •  Art. What else can we say about it? It's a derivative from the most well-known collection of all times (BAYC). BAYC is to NFTs what Bitcoin is to crypto. If you ask a random person what they know about NFTs they will either won't know or tell you something about a bored ape. That's it. I also consider these apes one of the best PFPs in the space.
  •  •  Utility. This collection has a ton of utility. Aside from being a nice PFP for your profile, these apes grant access to the holders DAO. Inside, you have a lot of opportunities, like alpha channels for NFTs, crypto analysis to get nice entries, signals for stocks trading, events where you are able to get free SOL for daily expenses (like i mentioned before with "pizza mondays" and so on), and on top of all of this, BASC has also some sub-DAOs (at the moment of this writing, a total of 9 sub-DAOs). Each sub-DAO grants you access to more utility. Each DAO is valued different based on what holders value the most, but for example: "Noise DAO" gives you access to a pool where you can have passive income only by funding yourself with a share. That share will give you a passive income based on trading profits made by a professional trader. Another example is "TTI DAO" where you can get access to lessons on how to trade using Binary Options and access to live trading sessions with an expert on the subject. All this DAOs make some traits much more valuable than others. And this leads to a FP much higher on certain traits. For example, FP at the moment is around 10 SOL per ape, but if you want to get an ape that grants you access to the "Noise DAO" it will cost you around 125 SOL (around 12x from the actual collection FP).
    Another utility recently introduced in Abducted Collections (Abducted DeApes and Abducted BASC) is Staking. You can get staking on 4 collections. If you stake BASC (original collection) you get a token called $NOISE and if you stake and OG BASC PASS or any of both Abducted Collections you get $DAZE. This tokens don't have utility at the moment but will probably be used for future mints or other use cases.
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  •  •  Core team. The leading team proved to be all the things it needs to be. Strategic, executive and resilient. They show strategic-thinking everytime decisions are made, they don't do things to pump and dump, they are looking constantly for organic growth, their motto is "1 by 1". They never stop working and planning the future, and THIS is what needs to be done in any kind of project. Planification is key to know exactly where things are going and where are we standing at the moment, so we can make decisions based on what we want to achieve, and they understand this. Resilience is well proven too, just to understand that after the de-rug of the project only a few people were left hanging in there, working day after day taking opportunities and learning from mistakes.
  •  •  Community. As i said, community is super important in any NFT project. They are the fundamental base of it. In this case, not only community is pretty active in the discord server as well on socials like twitter (X) or instagram, but also they are the proof of being a solid community. I really believe that growth in this project is organic and not based on FOMO, FUD, PUMP and DUMP. Numbers also agree with this (will share these below). This collection is well-known for having a pretty big and solid base of diamond holders.
  •  •  Ideas and execution. Like i mentioned above, a lot of ideas are good, but without execution, they are not worth anything. Well, trait based sub-DAOs, events with SOL prizes, and alpha channels for holders are excellent ideas with a correct execution behind. A lot of projects saw some of these like a case of success and took them to implement in their own projects.
  •  •  Collaborations. BASC has made a lot of collaborations with other projects, and i would say most of them, if not all, were healthy and for the best. From some collabs, new mints were born, like Abducted DeApes or Senshi BASC. Some others ended up being sub-DAOs and some others having other type of benefits.
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  •  •  Holders ratio. Like i said before, this collection has a lot of diamond holders that will be there no matter what, but also has a lot of "regular holders" that also believe in the collection and trust it enough to stake their apes for long periods of time, or to hold when collection FP has downwards movements. This project also has some whales, that in this case are also responsible for the collection success and take care of the well-being of it. This whales are smart enough to diamond hold, take some profits without messing with the FP and being active and easy-to-access within the community.
  •  •  Timing. If you read the explanation i gave on the "bullish projects" page you will rememeber i mentioned that only a few projects take this into account. I think that timing in this collection is always taken into account, mostly because leaders analyze the space and the ecosystem in a daily-basis and mostly because they understand how important this is.

What's next in BASC?

I chose this moment to publish this analysis because in about a month (around 24th of October) BASC is going to held a new mint.
In my opinion, this is going to be a massive mint with a lot of FOMO and FUD around it (like any mint with hype) and is, once again, an opportunity for the Leading Team and the Community to show what's BASC made of.
There will be two new collections. One is going to be a revamp of OG apes, (for now called "v2 apes") and the other will be a "Pet collection" with a reduced supply. They will both have different utilities to be announced officialy and will probably mint out very fast.
To access this new collections, the only official info yet is that an OG Ape (BASC original collection) will grant you a guaranteed mint for a "v2 ape". Legendary and Mythic rarity will grant 2x of this v2 apes.
Another way to get WL is holding an OG BASC PASS, which will give you 1x v2 ape an 1x pet.
By the way, OG BASC Passes were the latest mint, and a huge success in my opinion. They minted for 0.345 and FP is now around 8 SOL, that being more than 20x the mint price.
The last way to get an ape is waiting for the public mint, IF (and this is a HUGE IF) mint supply gets to public mint and doesn't mint out before (Which, again, i really doubt). In case i wasn't clear enough: Public mint is NOT guaranteed.

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BASC in numbers...

  • 6,001 Total supply
  • 0.69 SOL Original Mint price
  • 28 SOL Floor Price All Time High
  • 190,800 SOL Total volume sales in secondary marketplaces (to this date)
  • 2,320 Unique holders
  • 38.6 % Holders - Supply ratio

Taking a look at the charts

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In the chart above you can see the FP movements with some red lines i draw to show some of the most important supports/resistances.
All them being around: 4 SOL, 7 SOL and 10 SOL.
Looking at the chart we can see that we have a really solid support around 7 and a big resistance at 10. Right at the moment of publish, we are exactly at 10 FP and less than a month away from the V2 Apes and Pet Collection mint. This will for sure attract more eyes into BASC and probably a lot of new holders, so it will likely pump from now until mint date.
And after that? Well, in my opinion, it could dump a little bit (as any collection always does after pumping with a big announcement), but if FP breaks both resistances (or any) at 11 and 15 (right now floor is pretty thin), it could manage to keep above resistance and consolidate it as a new support.
In this case, i think it could be easily done since new apes and pet collection are not going to grant the same utility as an OG ape, so a lot of new holders will probably see BASC as a new home for the long run too.
If this scenario happens, i think that all collab collections in the BASC ecosystem and maybe some traits that grant sub-DAOs access will also probably pump along with it.
And what about the new collections? What FP prices can we expect? Well, this is something you can never guarantee, but we can always set some MIN and MAX prices for it.
I consider MIN price the mint price of the collection, this one is NOT ANNOUNCED YET, but that amount of $SOL or $DAZE or $NOISE will be the one that will set a solid support. And the MAX? Well, we are in NFTs space, and i have seen it all... This is pretty difficult to know, but i think that after stabilizing, we can think of some comparative parameters for trying to predict it.
We can think of FP on collab collections like "Abducted BASC" and "Abducted DeApes" which can be similar to v2 apes. Also we can estimate that v2 apes won't probably surpass OG apes FP (but you never know... haha).
We don't know exactly all the utility that v2 apes or pets will have, but we at least know that Art so far is being well-received by the space and of course looks really good and up-to-date. New furs are being introduced and well-known traits too, so we can have an idea from before which traits will be more valuable than others.

IMPORTANT: In this and all NFT collections, FP is subject to SOL price in given moments, so of course, estimated FP could be slightly or hardly affected by price action on SOL. I consider that if SOL doesn't have a very aggresive movement on any direction, FP and prices shouldn't be very affected by it.

ALSO VERY IMPORTANT: This collection has a pretty stable FP, you can take a look at the chart and see that it doesn't pump and dump as agressively as a lot of other collections. IF YOU DO NOT GET A "CHEAP ENTRY" my advice is DO NOT PANIC if the price goes down when you already bought. Check the chart and look for the next support, it will probably hold there. Always try to make decisions based on logic and have a plan for each scenario.
Most holders are in the project for the long run and will hold either if it pumps or dumps, so my advice is try to get the best entry you can and enjoy the ride. (Also remember that what's considered "cheap" or "expensive" changes every time a support/resistance is broken).

Publish date: 2023-10-01

Author: panchini25

BASC UPDATE: POST MINT OF V2 APES.

Hello again! I decide to make an update about BASC post v2 apes Mint because there has been a lot of movement in the market in the past 2 months.
The mint was held during 4 days in different phases (Presale, WL, Public), it was held between October 27th and 30th.
Supply being 10k was a very high and risky to go for, but BASC made it, didn't need to cut supply and mint sold out very fast (first phase was for claiming, second and third phase for WL, and fourth phase was the public mint, which only lasted less than a day).
On the downside, (as i stated in the previous analysis) FP price was going to be determined by the prices of $DAZE and $NOISE tokens combined with $SOL price too.
Since $SOL doubled its price between the start of presale and the day of mint, there was a mismatch in some prices in terms of USD. The direct consequence of this was that people had different price entries depending on when they got their apes.

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Being about 1 month past the mint date, we can say BASC FP is staying stable and firmly above mint price in terms of USD.
Important things that have to be taken into account when evaluating FP:
 •  Presale price was 3.21 SOL and started selling in the first days of october, for example, i bought on the 10th of October and SOL price was $22 at that moment, and all the week before that SOL was in a range between $22 and $24. So this means that a lot of presales sold for just $70, (also, at the time of mint, the team decided to airdrop 2 apes instead of 1 to the people who bought presale for being early supporters), so this means that presale buyers got their ape for around $35 USD.
 •  OG Apes (v1 apes) holders and OG BASC Passes holders got a FREE airdrop. Yes, free, no cost, price $0.
 •  $DAZE and $NOISE tokens could be used to mint on WL phases and public, since those tokens had a lower price to mint than $SOL (SOL was raising since presales were announced and until mint date), depending on when you bought (or not, maybe you just got the $DAZE or $NOISE by staking your apes and passes) is the price you paid in USD, but i can assure it was preatty cheap too: between $20 and $55, depending on when you bought, IF you bought (because a lot of people used $DAZE tokens from staking to mint, so it had no cost at all).

With all this being said, it's difficult to set a price for FP in terms of SOL (of what it "should" be) but i would think that (in order to find a FP where nobody is having losses), the FP should be the highest amount paid for minting an ape in USD, which i believe is somewhere between $45 - $55 USD (is the price paid by most people who minted with $DAZE and $NOISE and since people who minted in $SOL also got 2 apes, assuming they bought $SOL at the time of mint, they paid $33 * 3.33 SOL = $110 USD / 2 = $55, this would be the MAX price paid for mint).

After all this analysis we can confirm that FP is above mint price in terms of USD and FP for certain traits (SUB-DAOs) is pretty high.
Current FP is ranging between 0.8 and 1 SOL with $SOL at $74, which in USD this range is between $59 and $74 USD.
So yes, in terms of USD, FP is still above mint price (even for the MAX paid mints which were $55, all the others paid between $0 and $55, most of them around $30 - $35).

Update regarding SUB-DAOs:

The majority of them integrated v2 apes to their DAO, but some didn't, here you have a breakdown:

    Already integrated DAOs:
  • Robo DAO
  • Zombie DAO
  • Jungle DAO
  • Suits DAO
    Soon to be integrated:
  • Party DAO
  • Diamond TTI DAO
    DAOs with not-announced integrations yet:
  • Gold DAO
  • Noise DAO
  • 1/1 DAO
  • Travelin' High DAO
    Brand new DAOs (only for v2 apes):
  • Royal DAO
  • Crown DAO
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What's next..?

The mint goals and dreams were achieved. This main intention for this mint was to get funding for each SUB-DAO so they could work in different and new ways of finding renevue streams.
This was achieved and now each DAO was funded with around $10k USDC.
Also, some funds were used to be able to afford the costs and delivery of the next collection. PETS collection.
The next announcement will probably be regarding STAKING for v2 apes. Devs are implementing a in-house staking site to be able to stake v2 apes for a new token called $BASC. This token will replace both $DAZE and $NOISE which were the tokens rewarded until now.

What other surprises will the project bring?? Well, stay tuned and don't forget to join BASC discord and X to always follow up and stay up-to-date. See you around!

Publish date: 2023-12-10

Author: panchini25

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