CryptoChefs Season 2
With the release of CryptoChefs Season 2 coming soon, let’s look back on season 1 and all the amazing things that came with it. We saw all 255 CHEFs sell out during the first season, with 50 being sold in under 24 hours. Since the release, we have also seen 60,000 AROMA distributed in rewards, along with the value of AROMA tripling over this time. Lastly, we have to mention that the CryptoChefs collection on OpenSea has hit a 0.1 ETH floor, showing that the incentivized holding is doing its job and contributing to an increased price since mint.
Why you should care about CryptoChefs Season 2
If you’re reading this you have probably heard about NFTs, maybe dabbled a little bit and done some research, but haven’t yet taken the leap. The important thing to remember is that it is still early, but it won’t always be. NFTs are an incredible opportunity that exists today, the total market is worth billions, and this is just the beginning. While billions may seem like a lot, it's minuscule in the grand scheme of markets. This means that there is an amazing opportunity for growth, one that is worth participating in. With that being said, picking which NFTs to buy, which to try to flip and which to hold can be difficult. The market is booming, and that means that there are tons of projects out there, so how can you decide which to invest in?
A staple rule of investing is minimizing the risk/reward for each investment you make, you want to lowest tolerable risk, with the greatest potential reward. Day trading and flipping NFTs can be extremely risky, you only ever hear about the big wins, and the hundreds of losses that exist for each one are never mentioned. So if flipping NFTs is too risky, how can you still participate in the space and still make a profit with relatively low risk? The solution is to invest in NFTs with utility, ones that can generate an income passively while held. This is something that CryptoChefs has implemented amazingly.
What CryptoChefs does differently is offering a new experience to the NFT space, we’ve seen profile pictures, clubs & DAOs, but we’ve yet to see a real utility-based crossover between DeFi and NFTs. This is huge because by offering a profitable utility, CryptoChefs incentivizes holding onto and actively using the NFTs rather than trying to flip them. This active reward for holding causes prices to increase as well as earning actively while holding, through the gamified DeFi process.
CryptoChefs combines artwork collection with crypto trading all in one token. By holding a CryptoChef, you will be able to participate in the first gamified DeFi platform. It’s because of the passive earning aspect that we classify CryptoChefs NFTs as ever-lasting token-earning cows, we wanted to provide great artwork, along with utility that earns for you.
The way to earn as a Crypto Chef is by creating recipes of cryptocurrencies, which would be equivalent to a portfolio, broken down by percentage, of what you think will be the best performing cryptocurrencies. For example, one recipe could be 25% ETH, 25% BTC, 25% APE, and 25% LINK. Your recipe will compete against the others for daily, weekly and monthly prizes of AROMA tokens, with the best performing recipes coming out on top.
CryptoChefs Season 2 is coming soon with a mint price of 2000 AROMA, and as you can see above, this increases with each season. Given the success of season 1, the innovative utility of the NFT-DeFi crossover and all that is to come for future seasons, CryptoChefs truly is a hidden gem. CryptoChefs is perfect for the passive investor who wants to get into the NFT & DeFi spaces, while not taking on too much risk. The project really represents the power of DeFi, and how you can harness it to earn passive income.
To learn more about CryptoChefs you can check out our website, read our white paper, or find us on our socials below.
