Mint to Earn: How One Kaidro Chronicle Spark Suit mint for one user went 100X in a day

POPULAR POST

The redemption of Kusho World: an NFT Project turned...

Kusho World rocked the world of Web3 during the pandemic as a project founded by an eager teen that quickly turned sour. The NFT...

DMAP to address digital skills gap, future-proofing workforce at...

Amidst the widening digital skills gap that threatens the competitiveness of its workforce, the Digital Marketing Association of the Philippines (DMAP), the country’s center of excellence and innovation in digital marketing, will focus on future-proofing the digital landscape at the ninth Digital Congress (DigiCon) on October 15-16, 2024, in Newport City, Metro Manila.

YGG Partners with Parallel TCG to Bring $100,000 Tournament...

Yield Guild Games (YGG), the web3 guild protocol, is partnering with Parallel TCG to bring the award-winning web3 title to the YGG Play Summit...

iThink Hackathon: Pump Up The Jam Demo Day &...

The iThink Hackathon: Pump Up The Jam concluded with a Demo Day & Business Mixer, showcasing blockchain-driven innovations. Hosted by content creator Papa Bii,...

Coins.ph Announces Philippine Stablecoin Launch on Solana

Coins.ph, the largest cryptocurrency exchange in the Philippines with 18 million users, today announced at Solana’s Breakpoint 2024 conference that PHPC, its fully backed and central bank regulated Philippine Peso stablecoin, will soon be supported on the Solana blockchain.

Sky Mavis Welcomes First Seven Studios to Ronin Forge,...

Games To Migrate from Immutable, Blast, Arbitrum, and Base blockchains

This is not a financial advise. This is a story of one RON maxi who got an allowlist, used his 50 RON, minted his Kaidro Chronicle Spark Suit, and immediately sold it for 5000 RON on the same day! How did this happen? Let’s look at this dreamy turn of events.

Peggy Chung and Robert Simons of Kaidro Chronicle announced that Kaidro Chronicle Spark Suits will be ready for minting on April 4 but was later on postponed to April 9, 2024.

The Kaidro Chronicle Spark Suits

It all started when Kaidro Chronicle, a Web3 project with roots in game development, announced their upcoming collection called Spark Suits in this post. It garnered a total of 739K views as of this writing and the announcement had mixed reactions. The majority of people in the space expressed excitement, while others who have been spoon-fed free mints have complained of the 50 RON minting fee. It was originally scheduled at April 4 to be launched at the Mavis Marketplace but was later postponed to April 9.

Allowlist Allocations

There were three phases of the mint: one for the team, one for the Allowlist, and one for public sale. An allowlist is essentially like a private presale for VIP’s or for people who completed certain tasks or met certain requirements. It’s basically like skipping the line for the public launch or getting first dibs on items as a collector.

If you were a hardcore degen, you would definitely want to be in the Allowlist as Kaidro Chronicle also announced that there would be a bunch of 1/1’s in the collection and that accounts for a higher price due to their rarity.

There were different ways to get into the allowlist like creator giveaways and ones like what Nix Eniego of Sky Mavis had for the Ronin Network Philippines Community. Somehow, our lucky winner probably got a whitelist and had to prepare their 50 RON for the momentous occasion.

You are probably wondering what the approximate value of RON is at that time and why 50 RON, though only double digits, actually amounts to a fair amount of money. At the time of mint, 50 RON is approximately USD$200 in price or P11,000.

Mint Day

The Kaidro Chronicle Spark Suit allowlist stage went live on April 9, 2024 9PM GMT+8.

The scheduled date, after being moved up, didn’t stop what the Ronin Community call the “Ronin Effect”, which basically means breaking every known platform through sheer volume of influx of users. This had some users somewhat turned off but after a few refreshes, you’ll be able to pick one of the three clans which are aptly named Grimbone, Bubblegum Violence, and Emerald Hand, which, at the end of the day, look orange, pink, and green, respectively, to me.

A lucky minter minted a 1/1 Grimbone Kaidro Chronicle Spark Suit which was bought by Sky Mavis CEO @trungfinity

Upon minting, you’d get these appropriately-colored balls of mechs which upon reveal will show you the rarity of the Spark Suit you minted. One lucky minter had minted the 1/1 Grimbone Spark Suit and was offered by the one and only trungfinity, Sky Mavis CEO, for 5000 RON or more than P1M pesos (P1,042,850 to be exact at this time of writing).

The 1/1 Grimbone Spark Suit currently owned by @trungfinity

These events that led to the amazing profit is definitely inspiring but it doesn’t happen in every project. We must warn Filipinos that crypto is risky and speculative and they must only invest what they are prepared to lose.

Subscribe to our newsletter

Its easy to be smart about crypto, allow us to send you weekly updates on digital assets, crypto, NFTs and fintech.

WANT TO KNOW MORE?

DMAP to address digital skills gap, future-proofing workforce at DigiCon 2024

Amidst the widening digital skills gap that threatens the competitiveness of its workforce, the Digital Marketing Association of the Philippines (DMAP), the country’s center of excellence and innovation in digital marketing, will focus on future-proofing the digital landscape at the ninth Digital Congress (DigiCon) on October 15-16, 2024, in Newport City, Metro Manila.

Coins.ph Announces Philippine Stablecoin Launch on Solana

Coins.ph, the largest cryptocurrency exchange in the Philippines with 18 million users, today announced at Solana’s Breakpoint 2024 conference that PHPC, its fully backed and central bank regulated Philippine Peso stablecoin, will soon be supported on the Solana blockchain.

Sky Mavis Welcomes First Seven Studios to Ronin Forge, the Premier...

Games To Migrate from Immutable, Blast, Arbitrum, and Base blockchains