NFT floor-sweeping tool Gem introduces "real-time minting"! Multi-indicator assessment of popular projects, one-click instant purchase

The NFT trading market leader OpenSea announced at the end of April that it has acquired the NFT floor sweeping tool Gem. Today, on the 30th, Gem introduced a new "Real-Time Minting" Live Mints feature, allowing users to easily observe the hottest minting projects in the current market, providing indicators such as trading volume, independent minters, and popular wallets to help users assess the fundamentals of projects.

Gem Real-Time Minting Feature

If you want to use Gem's latest feature, simply visit their website and click on Mints to see the popular projects currently being minted in the market.

These projects are divided into three categories: Mintable, Free Mints, and Paid Mints. Users can choose the type of projects they want to observe or select All to see all projects.

To help users assess the fundamentals of these projects, Gem provides several indicators for reference, which will be introduced one by one below:

1. Pending Transactions

Below each project, in addition to the minting start date in gray font, you can also see a spinning orange circle with a number indicating the current number of pending transactions. For example, the number 31 in the image below represents 31 transactions currently awaiting completion.

2. Top Wallets

This section displays the number of top wallets minting this project. Top wallets are wallets verified by OpenSea and have earned significant profits in past transactions. The number 19 in the image below indicates that there are 19 top wallets for this project.

By clicking on this section, you can not only observe the number of mints they have, but also directly observe the transaction trends of these wallets through Etherscan.

3. Minting Quantity Over Time

In this section, you can choose the time frame to observe the minting quantity of the project over a period and determine whether the minting demand is increasing or decreasing.

4. Minting Price and Floor Price

In this section, you can observe the minting price of the project and its floor price in the secondary market to determine its profitability. However, it is recommended to also observe liquidity in order to avoid being stuck in a situation where you cannot sell despite having a price.

5. Unique Minters Ratio and Total Mints

It is recommended to observe these two indicators together. The unique minters ratio represents the proportion of the number of minters to the total number of mints for the project. In the example below, with a total of 6917 mints and 974 minters, 974/6917 is approximately 14.08%.

A higher ratio indicates a more distributed ownership of the project, allowing you to determine if there is an unhealthy concentration of NFTs in a few hands.

The total mints can be compared with the total supply of NFTs to observe what percentage of NFTs have been minted. A higher minting ratio to a certain extent indicates the popularity of the project.

After selecting a project you like based on the data above, if there is a purple Mint button on the far right of the project information, it means users can directly mint the project through Gem's frontend interface, which is quite convenient.

Upon clicking on minting, a confirmation page will appear where you can enter the minting quantity and confirm the minting limit. However, it is important to note that the minting process interacts with a third-party smart contract, so be sure to verify the security of the website before signing any transactions.

After the transaction is completed, you will receive a message confirming the success of the transaction and can verify the amount spent in this transaction.