Solana NFT Project Feature

    Choose a NFT project from the following list and create a dashboard with the new Flipside dashboard layout that can refresh once a day highlighting at least 4 metrics of your choosing that helps show the "health" of the project. Note any noticeable trends or current events for the project. Highlight how liquidity is flowing in and out of the project and what types of buyers and sellers are interacting with the project. Refresh rate is on DAILY. 2.927-8.78-SOL

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    AURORY

    is a free-to-play, tactical, turn-based JRPG built on the Solana blockchain. Players are invited to explore a rich and diverse universe where they will travel across the worlds of Antik and Tokané as they complete quests, discover lost relics, defeat enemies, and compete against other players using creatures called “Nefties".

    In This Bounty

    In this research, it is supposed to choose one of the NFT markets available in the Solana network and to create a dashboard with the new Flipside dashboard layout that can refresh once a day highlighting at least 4 metrics of our choosing that helps show the "Health" of the project.

    We are going to highlight how liquidity is flowing in and out of the project and What types of buyers and sellers are interacting with the project.

    We choos AURORY.io

    Results

    First, let's take a look at the statistics of NFTs available in Aurory:

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    What is project health?

    Project health is the status of a project's overall functionality and progress towards successful completion. Project health can include financial success, employee productivity, ability to meet deadlines, budgeting and quality of assignments. To assess project health, business professionals conduct project health checks that review whether each element of a project meets expectations. You can perform project health checks at regular intervals to track project health over time, or conduct one-time health checks to identify issues and areas for improvement.

    The metrics we have considered to measure Health in the Aurory project are:

    A. The number and volume of NFT sales in this market over time (in terms of SOL and USD).

    B. The trend of changes in the number of purchasers and sellers over time

    C. The exchange of NFTs in the market (the number of purchases and sales of each NFT)

    D. Participation of purchasers and sellers in keeping the market warm (grouping sellers based on the number of carpets)

    E. In and Out flow of liquidity (NFTs) into the market

    F. Determining the type of sellers and buyers (whales or fish)

    G. Project Toke Price vs. SOL Price in USD

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    A. Number and Volume of NFT Sales

    Charts 1 to 3 show the number and volume of sales in terms of SOL and USD. All three charts have a normal distribution, and after a great peak on April 17th, sales in this market have fallen sharply. The reason for the peak sales (both in terms of number and volume) on April 17th was due to the launch of Aurory Expeditions in this market.

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    B. The Trend of Changes in the Number of Purchasers and Sellers

    Chart 2 shows that the number of unique purchasers has been increasing every day since the beginning of the data in the Flipside tables until April 17th, and after this date the number of new users, who have started working in Aurory, has extremely decreased. This intensity of decrease is more among sellers than among purchasers (Chart 3).

    As we said, the reason for the peak (both in the unique purchasers and sellers) on April 17th was due to the launch of Aurory Expeditions in this market.

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    C. The Exchange of NFTs (Number of Sales Grouped by Mint Address (NFT))

    Chart 4 shows that the largest number of sales of NFTs (2403 NFTs) is in category 1 to 2 number of sales. The second category is the NFTs that are placed in category 2 to 5 sales (568 NFTs). In the meantime, the last category is related to NFTs that have had the highest number of sales (more than 5 times) with only 10 NFTs.

    According to the author, the more times each unique NFT is exchanged between buyers and sellers, the more healthy and dynamic the protocol will be.

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    D. Participation of Purchasers and Sellers in Keeping the Market Warm

    To increase the Health of a project, only attracting unique users (new customers) cannot be a suitable criterion. A successful protocol should be able to engage the attracted customers in its market. So that the user has enough desire to return to the market and perform the activity (transactions here). To solve this problem, we divided the activities (transactions) of users in the Aurory.io protocol into specific categories (between minimum and maximum presence). The results are plotted in Charts 5 and 6.

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    According to Chart 5, the largest number of buyers' transactions are in the category of 1-20 transactions (1687 users). The number of users in the next categories is not significant at all, while it is expected from a healthy project that the presence of buyers in the higher categories of activity (transaction) is more.

    According to Chart 6, the largest number of sellers' transactions are in the category of 1-20 transactions (2297 users). As same as Chart 5, the number of users in the next categories is not significant at all.

    E. In and Out Flow of liquidity (NFTs) into the Market

    To answer this question, we found it better to examine the number of inflow (Stake) and outflow (Unstake) of NFT to Aurory Expeditions.

    Note: To determine the number of NFTs staked in this protocol, we used a query from report, written by (Sber Vali Mohammadi).

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    Chart 7 shows that after a peak on April 17th, the number of staking (inflow of liquidity) has decreased and is below 1500 Stake NFTs and fluctuated within a certain range. There is no other significant change in it

    and no other noticeable change can be seen in it.

    Chart 8 shows that after a peak on April 20th, the number of unstaking (outflow of liquidity) has decreased and is below 1500 Unstake NFTs and fluctuated within a certain range. There is no other significant change in it

    and no other noticeable change can be seen in it.

    There seems to be a balance between the number of NFTs staked and unstacked (inflow is equal to outflow).

    Conclusion

    In this research, we have introduced and explained different criteria for measuring the health of Aurory project. As we know, the state of the crypto market can have significant effects on the development and evolution of a project, but: Considering all the criteria presented in this report, it can be concluded that this project should make more efforts to improve its health.

    As suggested, this protocol should create more innovations for its users (to retain them), more interaction with other projects (attract new users), support their token price if necessary. It should not be overlooked that useful and widespread advertising and visual presentation of the facilities and capabilities of a project (in different languages) in social media can be very effective in attracting, retention and increasing the number of users (customers).

    F. Determining the type of Purchasers and Sellers (whales or fish)

    What we understood from the question of this bounty, regarding the types of buyers and sellers, was that these users are whales or fish. To answer this question, we used the method presented in this dashboard, written by (Banbannard).

    Note: Due to the fact that the query presented in this bunty did not have an output (due to the timeout error), we had to optimize the code and reduce its time period.

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    1. If the average SOL amount staked is greater than 100, we can conclude that the majority of stakers are whales or that the expeditions are more popular for whales due to the high average staking amount.
    2. An user's average Aurorian stake is 3.67. According to Aurorian's floor price of 34 SOL as of 20 July 2022, this equated to an average stake of 124.87 SOL per staker.
    3. As a result, we can conclude that these expeditions are more popular with whales. [reference]

    G. Project Toke Price vs. SOL Price in USD

    Chart 9 shows the price comparison of AURY token (Aurory project's exclusive token) with SOL coin. The reason why we made this comparison was to somehow reflect the market situation on the AURY token.

    The chart below shows that the price of this token has been under the conditions of the crypto market and has experienced a market crash. But it should be noted that attracting users to a crypto project and encouraging them to buy and sell more project tokens can have a significant effect on increasing the token price of any project. These price changes can be seen to some extent in the price fluctuations of the AURY token, but it is clear that the project managers should have provided sufficient support for the price of the project token by providing more innovations and promotions.

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