Today, I want to share an experience I had holding a coin for half a year.
This is a screenshot of my wallet.
Currently, meme and pvp are prevalent; it is rare to see tokens that can last so long in this restless environment.
This coin is called BMP.
It just crossed from ETH to BSC yesterday, which is why this article exists. There have been many hardships along the way. I believe there will be a place for the crypto world. Regardless of what happens, I have persisted and will continue to build and hold it.
I first learned about this project at the end of 2024.
Many groups were posting the mint link for this project while on the ETH chain.
The total supply is particularly high at 2.1 million NFTs, so based on my usual thought patterns and perceptions, I think this project is very difficult to succeed; the total supply is too high and lacks scarcity, so no one will buy it. Therefore, I did not participate in the mint, as I had little capital left, only 7000 dollars, truly lacking funds.
I encountered this project again when I met an acquaintance at an event, a former colleague who worked with me on community operations. He told me some details about this project again, and I researched it.
1, this project is a 404 protocol NFT project; what does that mean?
This NFT project can have two sales models.
It can be a picture or a coin.
2, this project was created by a big shot called fil, who is an NFT super whale and a person very passionate about NFTs, with a substantial amount of capital and resources.
(This is very important; a good project cannot do without these.)
Based on these two points, I bought some BMP and began building.
Not much, approximately 3000 dollars.
However, this project did not see significant growth in the following days.
This period was particularly dark; I didn't even have the confidence to tell others what kind of project this was. I didn't promote it.
At that time, ETH was particularly weak, starting its downward trend from 3300.
At the lowest point, the price was halved.
The project team also did not push too much progress; the most they did was occasionally buy a bit to maintain the price (accumulate) at a time when most people began to doubt whether it could continue.
Fortunately, I did not give up; I kept learning, reallocating my time and energy, enhancing my understanding, and continuously building this project to buy the dip. Meanwhile, I also made friends with a group of like-minded builders; we encourage each other, which strengthens our resolve.
I have held it for about half a year, and the turning point was in this month.
The project team decided to migrate cross-chain to BSC. As soon as this news came out, it revived the entire market. On the first day after cross-chain, it announced a collaboration with four.
This is my first single coin A6.
Let me summarize a bit.
1, it can't do without an excellent project team (funding, resources, good model).
2, there must be like-minded friends.
3, believe in yourself and have courage.
Below are some introductions about the mechanism of this coin; if interested, you can take a look.
Every $bmp always has the right to exchange for one bmp NFT, and due to the contract mechanism of bmp, various situations can arise.
甲 minted 100 $bmp. Based on 甲's ETH address and mint time, the traits of 100 bmp NFTs were calculated and sent to 甲's wallet.
甲 chose to sell these 100 $bmp, and the corresponding 100 bmp NFTs were sent to the null address. Because blur does not count the total number of NFTs at the null address, the total number displayed by blur decreased, but in reality, it did not.
乙 was brainwashed by metapapa and bought 100 $bmp on uniswap, but there were no pictures, only coins.
乙 wants pictures. He can directly click reveal on the personal page of the official website, and 100 random bmp pictures will be sent to 乙's wallet, with no additional costs except for gas.
乙 looked at a picture numbered #9528 that he liked on the official market. He can choose to exchange any picture he has for #9528, but it requires +0.1$bmp.
Pictures like 6.#9528 can be exchanged at the official market's bottom price, with two sources: one is that 中甲 chooses to sell the coins directly, where all pictures can be exchanged at the null address, and the other source is seeding.
7. 丙, like 甲, minted 100$bmp, did not sell it but chose seeding, similar to soft staking.
Afterward, the picture remained in 丙's wallet but could be exchanged by乙 or similar for an additional 0.1$bmp without 丙's consent, because 丙 had already seeded, although the picture is in 丙's wallet, the locking of the image is relinquished.
Everyone who chooses seeding shares the seeding income according to the amount they seeded.
After乙 buys #9528, it is in a default lock state, permanently in乙's wallet and cannot be exchanged.
If乙 no longer wants #9528, he can choose to unlock #9528 to enable seeding mode, and #9528 will return to the market for others to choose.
BMPs purchased from third-party markets, such as opensea/blur, are in a default lock state when returned to the wallet.
That's it for this article; thank you all for reading.
Next, I will continue to hold BMP. I don't know what the final result will be, and everyone is welcome to follow me. I will continue to share with everyone.
If this is useful to you, a small thumbs up would be appreciated to support me!