• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, May 31, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

This Recently Released Metaverse NFT Coin Gained 32% In 2 Hours (Stripto)

Kyle Portman by Kyle Portman
February 4, 2022
in News
Reading Time: 3 mins read
0
metaverse nft coin price gain
18
SHARES
Share on TwitterShare on Facebook

Today, crypto markets saw significant price gains as Bitcoin and Ethereum saw bullish momentum. This means that many smaller projects are seeing even more substantial price hikes. Today we’re taking a look at Stripto, an NFT/Metaverse crypto coin gaining over 32% since it was listed on CoinMarketCap two hours ago.

What Is Stripto (STRIP)?

Launched on February 4th, 2022, Stripto is the world’s first NFT marketplace with a dynamic pricing protocol. This project aims to revolutionize the traditional mechanism of buying and selling NFTs.

Dubbed “strip the price,” the protocol is a dynamic pricing system developed by the Stripto team. Stripto’s dynamic pricing protocol is powered by the STRIP token, increasing utility and demand for the underlying asset.

Every product on the Stripto marketplace has two buying options, a regular listed price and a hidden price. If users want to unlock the hidden cost, they can spend STRIP tokens and unlock the lower price for ten seconds. When a user spends a token, the price of the product drops.

The value of the NFT drops because the protocol deducts the value of the STRIP token from the original price, enabling users to purchase it for a lower price. During the ten seconds that the product is shown, it will only be available to the user that unlocked it, making it fair for every user.

Stripto offers an exclusive opportunity to purchase NFT products at the lowest guaranteed prices with their protocol. While the project is still in development, users can check out the demo version of their NFT marketplace to see how their “strip the price” protocol works.

Some plans for Stripto include a liquidity import protocol integration to keep the marketplace liquid, along with a Launchpad and Metaverse (Striptoverse) integration.

Stripto In-Depth Look

Stripto features a comprehensive whitepaper along with a CERTIK audit dated January 28th. While Stripto doesn’t have a Minimum Viable Product, they do offer a brief demo of how the marketplace will operate, along with an explanatory video that showcases exactly how their “strip the price” protocol works.

Looking at the BEP-20 contract address of the token, we can see the top address holding the most amount of STRIP tokens accounts for over 40% of the total supply of the tokens.

Source: bscscan

The good news is that the top holder is a contract address, which means the chances that these tokens will end up on the market anytime soon is relatively low.

The second and third largest holders are the PinkSale liquidity lock and PacnakeSwap V2, accounting for 39% of the total supply.

Overall, the token distribution for Stripto is relatively fair. The only address of concern is the top contract address with over 40% of the circulating supply.

Looking at the charts, Stripto’s current valuation is $3.5 million with a 24-hour volume of $690k. These numbers are exceptional and signal a healthy market for a project that was only released a few hours ago.

Stripto’s idea of dynamically prices NFTs is unique and can provide real utility to the token. The current market cap of $3 million is relatively undervalued, and besides the address holding over 40% of the tokens’ supply, the sentiment for this project is bullish.

You can purchase STRIP on PancakeSwap.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.


Also Read:

Top 7 Most Traded Metaverse Crypto Coins for February 2022

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse news!

Image Source: isak55/Shutterstock.com

Tags: MetaverseNFTs
Previous Post

Top 3 Metaverse Crypto Coins Gaining The Most Price Today (SHOE, RACEFI, XDOGE)

Next Post

Top 5 Metaverse Crypto Coins With a Market Cap Below $80 Million to Watch in February 2022

Related Posts

Featured

Netflix Casts Leads for FTX Drama

May 30, 2025
Featured

Trump’s Meme Coin Dinner Under Investigation

May 29, 2025
Altseason Is Here—But Only for a Few Minutes
News

Altseason Is Here—But Only for a Few Minutes

May 28, 2025
Bitcoin Shakes as Trump Talks Tariffs Again
Featured

Bitcoin Shakes as Trump Talks Tariffs Again

May 27, 2025
Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming
Market Analysis

Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming

May 26, 2025
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?
News

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025

Press Releases

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?
News

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

by Alex Mercer
May 25, 2025

Introduction It seems the U.S. labor market has hit a pothole—again. The Kansas City Fed’s Labor Market Conditions Index (LMCI)...

Read more
Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

Altcoin Season Is Loading—But First, Let Bitcoin Do Its Thing

May 23, 2025
Dogecoin’s Ready to Bark Again—Could $0.30 Be the Next Fetch?

Dogecoin Ready to Bark Again—Could $0.30 Be Next

May 20, 2025
Ethereum Climbs While PEPE Reloads—Who's About to Explode

Ethereum Climbs While PEPE Reloads—Who’s About to Explode?

May 18, 2025
Trump Meme Coins Spark Calls for Treasury Review

Trump Meme Coins Spark for Treasury Review

May 15, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier