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It’s time for the Diamond Hands COLD airdrop! The May airdrop was a success, distributing 322,000 governance tokens to our supporters, and now we’re getting ready to do it all again, but a bit bigger this time.
Every week for 12 weeks straight we are airdropping COLD tokens. But now we are also rewarding those who had diamond hands through this mini bear market as well. Holders of cold or active in farming and agave holders were snapshotted for an opportunity to recieve 322,000 cold tokies. This acts as a reward to those who have contributed to our tokenomic ecosystem, and helps give the DAO a broad base of decentralized governance.
In addition to this airdrop, Cold Truth Culture has been using the revenues from cold marketplace and applications to sell 50% of the cold tokens to buy back HNY. Effective August 1st 50% revenue will be used to burn cold (25%) and buy hny (25%). Cold will continue to add COLD-HNY LP to continue the constant buy pressure on honey while adding liquidity.
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# [Cold Truth Culture (CTC)](https://coldtruthculture.io)
This post is to announce the [$COLD token](https://app.honeyswap.org/#/swap?inputCurrency=0eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee&outputCurrency=0xdbcade285846131a5e7384685eaddbdfd9625557) airdrop from a tokenomics perspective. It is to give you a full picture of the $COLD token and a brief overview of the project. I am writing this article as if I was the audience considering I have recieved airdrops, sold, then fomo'd back in or the opposite, held an airdrop when I should have sold. The goal is not financial, though that is important to most of us, but it is also to ensure we put the tokens in the right hands to estabilish a community interested in the future of CTC.
## About Cold Truth Culture
Many of you including myself probably already knew Portals and have heard of CTC for a while now. Early on with any project I always do a bit of research but with CTC I couldn't fully grasp what was the competive advantage or what CTC was offering. As I got to know Portals I asked more questions about CTC and I began to understand more about CTC until one day we were just hanging out talking about the Agave NFT project and it finally made since.
You have unreached artist who are non-technical and unbanked. CTC is not just about NFT's, it is working to connect wealthy nations to the disadvantaged and the banked with the unbanked. To provide an income stream to support families and showcase never before seen art from a talented group of underground artist. For more details about what CTC is setting out to do you can read more at [coldtruthculture.io/about](https://www.coldtruthculture.io/about)
## Tokenomics
$COLD has been working to establish a healthy community and has been watching the communities around to see how best to learn from what other have done. They have a creative tokenomics that incorporates the strategy in the following order:
1. Locked LP with HNY & xDAI in unicrypt vault
1. Staking $COLD & LP to farm for NFT's
1. Incentive system that rewards the CTC community
1. Two part airdrop rewarding
* Cold Truth Culture,
* Unifty ($NIF) holders on xDai
* Agave,
* 1Hive Community
1. Launch CTC DAO
1. Token :fire:Burn:fire:
### What are token Use Cases?
1. Needed to purchase/stake for rare art
2. Governance (ranking art, onboarding CTC artist, integration with platforms and wallets)
3. Currency for the Artist
5. CTC has been one of the leaders in the xDai community for NFT adoption and it is possible to see a growing use case as CTC increasingly establishes its prescence here on xDai.
**Max Supply:** ~~3,220,618~~ 1,618,000
:fire:1,602,618 will be burned :fire:
<img style="float: right" src="https://i.imgur.com/E6LqIia.png"> Burn begins when circulating supply reaches 867,618.
**Current Circulating Supply:** 243,000
~60% are Honeyswap LP's Locked on Unicrypt or being staked for NFT's
**50 day MA Token Price:** $0.1467
**Max Supply Market Cap:** ~$225,000
**Circulating Supply Market Cap:** $34,000
![](https://i.imgur.com/y6vsaBa.png)
## The Burn :fire: and a Possible Circulating Supply Outcome
To establish a robust community and to bootstrap the CTC DAO the burn buyback does not begin until circulating supply reaches 867,618. The 2 part airdrop will initiate this burn.
2/3 of the proceeds from NFT's purchased will be used to buyback and burn COLD tokies until max supply is reduced to 1,618,000
<img src="https://i.imgur.com/T8lTJ5s.jpg
">
<br></br>
## Token Holders
<img style="left" height="450" src="https://i.imgur.com/FNz0TZZ.png">
### 60% supply Locked on Unicrypt & Staked for NFTs
<img style="float: right" height="300" src="https://i.imgur.com/8EuEwr2.png">
<img height="300" src="https://i.imgur.com/4LSqZjO.png">
<br></br>
## Airdrop #1
**When:** soon
**How to claim:** it is an airdrop, it will be in your wallet
**When will be snapshot:** Snapshot already taken
**How to qualify:** Focus was 1hive, unifty, and Cold/NFT community
![](https://i.imgur.com/gZgAa8P.png)
## Airdrop #2
**When:** Strategically released with a rare NFT
**How to claim:** it is an airdrop, it will be in your wallet
**When will be snapshot:** Snapshot partially taken.
**How to qualify:** Focus is on Agave token holders and Cold/NFT community. You might get more if you hold/buy COLD but we won't be announcing details because we don't want people apeing in or gaming the airdrop. We can say if you sell you absolutely won't get more.
![](https://i.imgur.com/EwyWowO.png)
### Circulating Supply After Airdrops (~850k)
<img height="350" src="https://i.imgur.com/hK8u5vV.png">
## Additional Comments
NFT's are growing on the xDai network and we are gaining traction here, most recently a [tweet from xDai](https://twitter.com/xdaichain/status/1393133712460636160), easy portability between xDai and Ethereum for all ERC-721 and ERC-1155 comming soon.
<img style="center" height="400" src="https://i.imgur.com/7HYbvTp.png">
<br></br>
See tweet from [Unifity to spotlights CTC](https://twitter.com/unifty_io/status/1399699887231537154)
<img height="400" src="https://i.imgur.com/4EYeflN.png">
<br></br>
**Suppporting Link**
[Cold Tokenomics Forum Post](https://forum.1hive.org/t/cold-tokenomics-unicrypt-locked-liquidity-gnosis-multi-signature-wallet/2356?)
[Cold Medium Atricle](https://coldtruthculturenfts.medium.com/cold-truth-culture-a-community-that-empowers-nft-artists-c8205770adfb)