Owlpha
About Owlpha
A bit of history on Owlpha. They fall under the umbrella of Manifest Labs. They were initially going to launch the project on ETH, unfortunately timing was terrible and another Owl project that we know as Moonbirds launched which killed all hopes of being a successful Owl project on ETH. Founders began a search for a new chain and decided Polygon was the right fit.
Owlpha being one of the first to launch on the Polygon Blockchain has realised there is a lack of analytical tools for this blockchain.
Tools that we might find to be a standard part of any other blockchain are not available to use on Polygon.
Owlpha will develop a platform that includes tools such as
- Trending collections based on Open Sea Sales.
- Trending collections based on Current Minting Projects.
- Collection Analytics
- Sniping Alerts
- Whale Tracking
- Automatic Indexing
- Rarity providing tool for Polygon collections
Why Should You Own an Ownpha?
Early holders will be rewarded in Owlpha. Starting with the Ordinal Rangers. This will be a collection of 100 Owls inscribed on the BTC Blockchain.
This will be first offered to holders that have minted 1/1’s or legendaries with the crown trait.
But that is not all, recently announced was that Manifest Labs will be issuing Owlpha holders a free mint for Ring Runners. This will be a revenue generating P2Earn game. Owlpha Prime has explained this is their way for holders to get instant returns, they can either hold this free mint or choose to sell for instant profit.
Picture below is for those that prefer a visual representation
***Note*** At this early stage the following features are all in development stages
Staking – Earn $Hoot
Staking will be available in the future for the local token $Hoot. This platform is currently under development.
Not your basic staking though, each Owlpha is unique and will have trait based multipliers in place.
Uses for $Hoot will be inside the Owlpha Marketplace
To quickly calculate the emissions on a particular Owl you can use this calculator. https://hoot.owlpha.tools/
Owlpha Marketplace
This is the place where you come to spend all your $Hoot, the marketplace will have
- WL for upcoming projects
- Raffles to participate in
- Merchandise
Breeding
Not much has been said about how this will work but what we do know is
- The breeding mechanism will involve an airdrop to holders in 3 different rarities. Ranging from C1 being the most common to C3 being the most rare.
- In order to upgrade your Owlpha you will be required to burn the cores.
Tools and Utilities
At this early stage nothing has been released but we have been told Beta testing for holders is soon.
Once the platform is a live Owlpha holders will have full access at no charge. A weekly/monthly subscription fee will be proposed to non holders to provide them complete access to the tools offered by the platform.
Additional premium features will be added at an additional cost to increase revenue and provide a better experience.
Chrome Extension (Rarity)
This tool will provide accurate data on the rarity of NFT’s on the Polygon blockchain. Something that major marketplaces like OpenSea often fail to provide
Owlpha League (Game)
This will be a browser-based scrolling game that all Owlpha NFT holders will have the opportunity to participate in.
Claim one of the top spots on the leaderboard and receive rewards, airdrops, and whitelist access.
Revenue Share
As the platform is released the only way to access for free is by holding and Owlpha. All others will pay via a subscription model. The project will also bring in revenue from advertising on the platform and from projects integrating their collection rarity using Owlpha tools. A portion of revenue is set aside for holders, it is not yet disclosed how this will be distributed.
| Team Members | Role |
|---|
Owlpha Prime – Founder
Pixxels – Owlpha Team
https://twitter.com/pixxelznft
Mikee – Developer (JDM Labs)
The Market Maker.Polygon – Core Team
https://twitter.com/ProjectCaracas
My Thoughts
Owlpha has come out of the gate running and is really making a stamp on the Polygon space. Owlpha Prime is a charismatic leader who is extremely active in both Discord and on Twitter. He has great leadership qualities and from what I could gather a great plan to keep attention on Owlpha despite new projects minting. I have tuned into a few spaces and it’s hard not to be bullish after hearing the both the intelligence and passion from Alpha Prime. The project has in the first few weeks established a strong community and a steady floor price.
Given that the floor have somewhat been controlled via holders reluctant to trade due to
(1) The potential to mint a free Ring Runner and
(2) The chance to receive an airdrop token to mint an Ordinal Owlpha.
This will be Owlpha’s way to give holders the opportunity to sell these and take profit without leaving the community.
Owlpha already has a floor of 2-3x most other projects on Polygon. At this early stage on Polygon the liquidity is not there yet which makes trading at these higher prices risky. Being early is not all bad though, Owlpha has ambitions to be one of those legacy projects on Polygon and has set themselves in a great position to do so.
It’s not all flowers though, there are some risks. Being a tech related project we have seen on other chains tech can be easily copied diluting market share for all. Keep an eye on this one, I can recommend joining a space or two and hearing first hand from Alpha Prime.