Creaticles (CRE8) IDO is now live on Sushi.com, allowing users to purchase CRE8 tokens for $0.095 per token. Creaticels is a decentralized application looking to connect artists with clients, allowing anyone to crowdsource and deploy an original NFT collection. What exactly is Creaticles? Is it worth buying? Let’s find out.
What Is Creaticles?
According to their official website, Creaticles allows you to “request any custom NFT, and get it designed and minted.” Creaticles enables you to turn their idea into an actual NFT, taking care of the technical aspects for you.
The way it works is users source their NFTs through a Creaticles contest. That means submitting an idea request and receiving dozens of submissions from various verified artists on the platform.
You can get as descriptive as you’d like, set your own rules, and select your favorite NFT from all the submissions to be minted and transferred to you.
If you’re an artist yourself, you can become a Creaticles Artist by applying through their website.
What Is CRE8?
CRE8 is the ERC-20 token that will be used as the native currency on the Creaticles platform.
Owning CRE8 enables you to participate in governing the future of Creaticles, provides exclusive access to premium placement of requests & proposals, and adds a discount on transaction fees.
Last but not least, users can also stake CRE8 to earn rewards on their tokens.
How to Buy CRE8?
The only way to get your hands on CRE8 right now is via their IDO, which is live on miso.sushi.com. The presale is set to end on December 2nd, so you have another day to purchase CRE8 via the IDO. Users can connect their MetaMask wallet and purchase tokens via ERC-20 USDT for a price of 0.095 USDT per token.
There are 40 million CRE available for the IDO, with 27% already bought at the time of writing.
Is CRE8 Worth Buying?
Looking at the CRE8 contract on Etherscan, we can see that the token’s total supply is 1 billion. At a presale price of $0.095 per token, that means you’re purchasing CRE8 at a $95 million valuation.
Given that Creaticles’ testnet launch in mid-August was quite successful, receiving interactions from over 10,000 users, creating over 5,000 testnet contests, and minting thousands of NFTs, a $95 million valuation for CRE8 is quite humble.
Furthermore, with the support CRE8 is receiving from Coinmarketcap, the token could easily double in valuation once the presale is over.
🚀 The @Creaticles ($CRE8) IDO is live, and has gotten overwhelming support in just under a couple of hours. You can participate as well.
🔥 Join the IDO at https://t.co/OMP5U48I70
🗓 Start date: December 1 at 9AM EST
— CoinMarketCap (@CoinMarketCap) December 2, 2021
More and more people are finding out about NFTs and are looking to create their own. Creaticles built an easy onramp for users to mint their very own NFT without having to deal with the technical aspects of the process.
Moreover, with a successful testnet launch and strong community support, CRE8 looks like quite an undervalued project.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.