The Sneaky Vampire Syndicate NFT has announced numerous updates to its collection, including staking of the BLOOD utility token and bat companions that will be dropped to every SVS holder.
Holders of the Sneaky Vampire Syndicate NFT can expect to see the ability to stake the BLOOD utility token using their vampires and bats. The bats themselves will be airdropped in the coming weeks to holders, as well.
The Specifics of BLOOD Staking
The Sneaky Vampire Syndicate team has specified that the BLOOD token comes with no promises or guarantees of returns. The team states that BLOOD is just a utility token and not a financial instrument in any sense.
In order to stake BLOOD, users must first hold a Sneaky Vampire Syndicate vampire, bat, or both. From there, they can stake their NFTs to receive the BLOOD token. The Sneaky Vampire Syndicate developers tweeted a mock-up of the staking UI, though it is not finalized yet.
The staking feature is expected to be live in the coming days. No token utility or distribution specifics have been announced yet. The numbers seen in the mockup are only used as placeholders.
Bat Companions Flying to Every Vampire Holder
Also announced is the coming launch of bat companions. Every bat companion will be dropped at a 1 to 1 ratio for every current Sneaky Vampire Syndicate NFT. Users will only need to pay the ETH gas fee to mint their bat during the minting period.
Can’t wait for our bat release. No snapshot, just claim on mint day for gas only, also stake bats for $BLOOD; our utility token.
Announcement of mint date soon.
— woof 🔺🧛 (@boosts) October 11, 2021
The artwork of the bats seems to combine the trending “cute” aesthetic of many new NFT profile picture projects while keeping the “attitude” of the original Sneaky Vampire Syndicate vampires. Along with these new updates, the team also presented a new UI for users of the Sneaky Vampire Syndicate website.
We are always trying to make the user experience for Vampire Holders as simple as possible – therefore, our new user dashboard will allow for full accessibility with just one Wallet Connection!
Holder Dashboard still in development* pic.twitter.com/p5u3nPPdNl
— Sneaky Vampire Syndicate (@SVSNFT) October 10, 2021
What is the Sneaky Vampire Syndicate NFT Collection?
The Sneaky Vampire Syndicate was released in September with a mint of 8,888 vampire NFTs, becoming a huge hit with the NFT crowd. Artist Migwashere of Bored Ape Yacht Club fame drew the collection of generative art. It is important to note that Sneaky Vampire Syndicate is a completely separate endeavor from the Bored Ape Yacht Club, however.
The Sneaky Vampire Syndicate collection consists of cartoon vampire pictures that exist as tokens that are issued on the Ethereum network. Vampires were sold to the users for a total of 0.08 ETH each, or around $300 each vampire. Only two weeks after its debut, the project’s Discord channel already has over 50,000 members.
Since its debut, the Sneaky Vampire Syndicate has reached the top 5 of OpenSea’s NFT trading volume rankings, placing itself alongside CryptoPunks and ArtBlocks.
There are already almost 5,000 token holders as a consequence of the token launch, according to current data. The group devised a system to make sure that all purchasers had an equal opportunity to get NFTs. Instead of using the conventional technique of creating spaces with gas-guzzling mints, the team allowed individuals to register for space directly with their wallets, free of charge.