How to Buy Cool Cats

Stephen G.
Stephen G.
Last Updated on November 11, 2021
Contents
1 What are Cool Cats?
2 How to Buy Cool Cats
3 Frequently Asked Questions

New to the NFT scene, Cool Cats is a quickly growing project that made quite the buzz in the world of crypto and digital assets. This NFT collection continues to gain steam and has received endorsements from notable celebrities like Mike Tyson. 

But how do you get your hands on these tokens? What was the inspiration for a cat NFT?

Keep reading to learn more about Cool Cats and how you can make your first purchase.

What are Cool Cats?

Cool Cats was born by four members that go by their pseudonyms, Clon, Tom, Lynq, and Elu. They each have a unique role on the team. This NFT collection is 10,000 non-fungible tokens. These tokens are the random generations from more than 300,000 possible options. 

At first, the avatars will all have blue cat skin, but you’ll be able to select different characteristics to distinguish yours from others, such as faces, hats, and outfits. Each cat will also be given a value between 3 and 10, determined by its unique traits. These values will be used later for breeding contests. 

Illustration of cat riding skateboard with rainbow trail on outerspace

Cool Cats launched on July 1, 2021, at an original mining price of 0.020 ETH. That amounts to USD 400,000. The floor price is now 7.28 ETH or 32,009.28 USD.

The blue skin color of the avatars will indeed be exclusive to the first generation of cats. However, the company plans to use cats in a “breeding system” for the second generation. 

Sixty-six cats in the collection are one hundred percent unique. The others are blue with different costumes like TV heads, helmets, chef hats, and more. If a cat has a complete outfit, they are “the coolest” or the rarest. 

If a cat has on a full pirate costume, it will be “cooler” or more popular than one that has a pirate body and just a beanie head.

How to Buy Cool Cats

Here are some quick steps on how to buy your first Cool Cat below. 

Buy ETH

Purchasing Cool Cats means that you need to have enough Ethereum or ETH to buy the NFT and pay any gas fees as well. To achieve this, you’ll have to choose a trustworthy exchange like CoinBase or Binance. BitBuy is a good alternative if you live in Canada. These platforms are where you can buy Bitcoin and other crypto coins. After choosing an exchange in the correct region, complete these steps:

  1. Start by putting essential information into the system, such as your name, a strong password, and an email address. 
  1. Next, verify your newly created account by submitting a picture of your passport or ID. Exchanges require this to eliminate any possible fraud on your end. It can take up to a few days for your account to be verified manually. 
  1. Once your account is verified, the next step is to link your credit card or bank account to it to make transactions on the exchange. 
  1. Purchase enough cryptocurrency to buy your NFT and pay your gas fees. 

Create a web3 wallet using MetaMask

When buying NFT collectibles, you must first create a MetaMask account. It’s an extension from Google Chrome that gives you a wallet address that will safely enable you to make transactions on the Ethereum blockchain. MetaMask is available on your mobile device and some browsers as well. 

When creating a MetaMask, account, perform the following steps:

  1. Go to the MetaMask website. Press the “Download now” button beneath the logo. Next, choose the version that you need based on your browser or device.
  1. When the extension finishes installing, click the MetaMask icon located in the top right of the browser. Next, click the option to “Get Started.”
  1. Choose “Create a Wallet ” to generate a unique address. You will also be given a seed phrase by the extension that will be unique to your account. Write this down and store it in a safe place. You’ll have to refer back to this phrase later in the future to regain access to your account if necessary.
  1. Make a unique password using letters, numbers, and characters for your MetaMask wallet. Be sure that the password is strong. 
  1. Click the seed words to finalize your account. 

Transfer ETH to your MetaMask

After your transaction gets processed, you have to transfer the cryptocurrency to your MetaMask wallet with a specific address. Remember that you always have to pay the gas fees when you interact with the Ethereum blockchain. Make sure that you have the necessary amount available by using etherscan.io to get an estimate.

Connect your MetaMask to OpenSea

You will have to register for an OpenSea account once you finish activating your MetaMask account. It’s the original and largest non-fungible token marketplace. 

OpenSea lets you track and eventually purchase Cool Cats NFTs that pop up on the market. 

Doodle of cat wearing black hat in an nft

Follow these steps to get an OpenSea account:

  1.  Go to their website and click the “Account” icon at the top of the screen in the right corner. 
  2. Select “Sign In” on the following page, which will activate your MetaMask extension.
  3. Ensure that a check is next to your chosen account, and click “Next.”
  4. On this page, you should see the button “Connect”, click this to finalize The process of connecting OpenSea and MetaMask.

Find the collection on OpenSea

After you’ve transferred the ether (ETH), go back to OpenSea to find Cool Cats tokens. Use the search bar or the filtering system on the left to find what you’re looking for. 

Check and double-check that you’re in the correct category on the OpenSea website before you go through with a purchase. Unfortunately, scammers make items that look similar to collections all the time to scam buyers. 

Once you find an NFT collection, you should see a blue icon that says “verified” next to the collection name. This icon lets you know the collection is legit. You can filter the Cool Cats assets by choosing individual traits until you find the cat you want. 

Buy NFTs

After finding the cat you want, you can place a bid on it or buy it immediately using the “Buy Now” button. Remember that even though you won’t always be able to get trending Cool Cats NFTs on sale, you can save them to a list and check to see if the availability has changed. 

Approve on MetaMask

Once you’ve made your Cool Cats purchase, use your MetaMask wallet to approve the transaction. After you have the full payment, you get your NFT. 

It’s best to keep your digital assets safe in a hard wallet. MetaMask has security features, but your device can still be compromised. A hard wallet is stored offline and much more secure. 

Frequently Asked Questions

Here are the responses to the most commonly asked questions regarding Cool Cats purchase:

1. Who owns the most Cool Cats?

Most token holders only have one Cool Cat, and close to 30 wallets have between 11 and 15. Three wallets have more than 150 Cool Cats. 

2. Why are Cool Cats so expensive?

The NFT project had received a lot of attention before it got released. Only a limited number of cats exist, and every owner gets to be a part of the decentralized autonomous organization. That grants access to voting privileges on the direction of the project in the future. 

3. How many Cool Cats are there?

The ETH-based collection had 9,999 NFTs that were generated randomly. The project has continued to grow since July 2021 and is expected to expand in influence in popularity.