R0AR NFT Collection Floor Price Surges Following First Airdrop Snapshot

The Executive R0AR Society (ERS) NFT collection has seen its floor price surge in the past couple of weeks, performing nearly a 10X. The common tokens in the 10,000-strong Ethereum have a floor price of ETH 0.14 ($380) as of writing, while rarer tokens have been known to sell for over $1,000.

Why has the value of these NFTs surged so suddenly? While there’s no doubt that the considerable ETH price rally has been a contributing factor, the majority of the gains are a byproduct of their position within the broader R0AR decentralized finance ecosystem.

The ERS NFT holders were recently included in an airdrop snapshot, with anyone on the list of ETH wallet addresses eligible for a $1R0R token drop in the near future. In addition to this, several valuable use cases built into the NFTs have been confirmed, including staking.

Executive R0AR Society (ERS) NFT Collection Deep Dive

The ERS collection was minted out during a public sale on OpenSea and has since grown into a community with over 5,800 owners. It has nearly reached 100 ETH in total trading volume. Every colorful lion in the collection is completely unique, with a mixture of features ranging from laser eyes to golden skin.

As is always the case with NFTs, some of their value is derived from rarity, with the market particularly receptive to the most unique tokens in the collection. The R0AR NFTs are no different, with the top 10% regularly trading for up to 5X the floor price.

Their value goes beyond mere visuals. They are central to the DeFi ecosystem, providing holders with various benefits within the R0AR platform.

The recent airdrop snapshot and the fact that even bigger snapshots are on the way demonstrate the team’s commitment to rewarding holders. The surge in the value of the ERS NFTs has also been accompanied by a surge in the value of $1R0R, which has returned over 1000% in the past month, demonstrating a healthy ecosystem with strong demand for both assets.

The floor price growth of ERS NFTs has been steady for weeks.

First ERS NFT Token Airdrop Snapshot Taken

The R0AR team confirmed the date for the first $1R0R token airdrop snapshot for holders of the Executive R0AR Society (ERS) NFT collection. The snapshot was officially taken on May 10th at 23:59 UTC.

An airdrop is a distribution of cryptocurrency tokens to a large number of wallet addresses, typically for free. It’s often used as a way to raise awareness for a new token or project and to reward early supporters. Airdrops have been part of the R0AR project’s roadmap since its inception, indicating a planned strategy to engage and reward the community.

This initial airdrop will see $1R0R tokens distributed to both ERS NFT holders and members of the LazyLions community, highlighting a collaboration between the two projects. The anticipation of this airdrop led to a noticeable increase in the floor price of the ERS NFTs in the weeks leading up to the snapshot.

Even after the airdrop, which required holders to delist their NFTs to be eligible, only a few hundred are listed on secondary markets. This minimal number of listings could suggest that the majority of holders are retaining their NFTs, potentially leading to a stable or increasing floor price due to limited supply.

Final Thoughts

The surge in the ERS NFT floor price, combined with the extremely bullish trajectory of $1R0R, suggests that the R0AR ecosystem is gathering considerable attention from the crypto community. The recent airdrop resulted in a considerable spike in the number of NFTs being purchased and a reduction in listings. Now, the community is turning to the launch of the R0AR Platform, which will give NFTs a direct role in boosting staking returns.