Yesterday I wrote about token rarity scores. I also added rarity to scores to my Book Games Spreadsheet.
Today I'm going to examine the current price floors for the various Frames. This analysis assumes that the other two traits at the floors are relatively constant. In future days I'll do a similar analysis by Spectacular and Attribute.
Here we have a table showing a count of remaining frames as of a couple of days ago along with Frame Rarity Score and Floor Price. The table is sorted by Rarity Score.
The first six Frames all have nearly identical prices. There is no premium for Marble compared to Wood even though there are 6,285 fewer tokens with this attribute.
We finally see a bit of a premium placed on Granite which is on half the tokens as Wood.
Then there is a rather substantial jump to Fur even though the rarity of Granite and Fur is relatively similar.
Caviar, despite being on 1,639 fewer tokens than Fur, is trading at a lower floor than Fur.
If rarity was controlling price we should expect a smooth rise up to Champagne but Emerald stands out as an anomaly and appears to be trading at a premium.
Let me try to explain how I read all this.
1. Emerald has been called out several times by Gary. "Green is green" is what he says. It also happens to be his favorite football team's color. I think these two things explain the premium. People are expecting greater utility from Emerald down the road.
2. Gary has said "Fur is fire" several times which might explain the premium placed on Fur tokens. There are also several items on the Token Exchange which require large amounts of fur. One of the items requires about 10% of the total Fur supply. This does not explain why Caviar is trading at a discount. If you have a theory on Caviar, please leave a comment.
3. Why are the six least rare frames all trading at nearly identical price floors? I think this is happening because people rightly see Book Games Tokens as a raffle ticket to minting VeeFriends Season 2 tokens. They're just trying to buy the lowest-priced tokens to enter the game. So if you're a seller of a relatively common token, you have to match that floor if you want your token to move.
Right now the floor dynamics are being dictated by the upcoming raffle to mint VeeFriends Season 2. The minute more information becomes available about which tokens are necessary to burn in order to get one of the new VeeFriends characters then the market will shift swiftly. Get ready!
awesome friend - thank you for your work
ReplyDeletei think this is short term price fluctuations based on gars comments tbh- i bought an emerald early because its GREEN and a neon (2nd rarest) and then ive tried to buy rare frames coupled with either rare attributes or backgrounds. Ambition,gold,neon - being my fave rn - but my strategy is changing rapidly and selling any isnt really an option as v2 becomes closer, v1 holders will take more interest- i can see BG token floor price for any token being at leaast 1 eth in the run up
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