1/6 Alpha Quiz Time:
Guess the token with a $10M market cap and $2B in total value locked.
It has the lowest Mcap/TVL ratio at 0.01
Guess the token with a $10M market cap and $2B in total value locked.
It has the lowest Mcap/TVL ratio at 0.01
2/6
The token price is $0.58, but you can't buy it in size.
The $2.36M liquidity on Uni V3 is between $1 and $5.2 USD.
So someone needs to suffer the slippage before it enters the liquidity range.
The token price is $0.58, but you can't buy it in size.
The $2.36M liquidity on Uni V3 is between $1 and $5.2 USD.
So someone needs to suffer the slippage before it enters the liquidity range.
3/6
Actually, there is some liquidity to buy with a small amount on Polygon.
But even buying for $1k USD, the slippage is 13.6%.
Actually, there is some liquidity to buy with a small amount on Polygon.
But even buying for $1k USD, the slippage is 13.6%.
4/6
In 2019, the team behind the project raised $2.4M from Pantera Capital, Naval Ravikant, Balaji Srinivasan, Coinbase Ventures, Robot Ventures etc.
The team later raised $10M in 2021.
In 2019, the team behind the project raised $2.4M from Pantera Capital, Naval Ravikant, Balaji Srinivasan, Coinbase Ventures, Robot Ventures etc.
The team later raised $10M in 2021.
5/6
Out of 100M tokens, 12% were allocated to investors with a 4-year vesting.
Thus the private sale valuation should have been ~$103M USD, or $1.03 per token.
The FDV is currently $58M, with a circulating supply of $10.5M.
Out of 100M tokens, 12% were allocated to investors with a 4-year vesting.
Thus the private sale valuation should have been ~$103M USD, or $1.03 per token.
The FDV is currently $58M, with a circulating supply of $10.5M.
6/6
The team said that 'some big launches in 2023' would be focused on connection of revenue to the token: staking or burn.
Timing this announcement is a good short term play (if I'm not missing anything important).
So, guess what's the token?
(NOT AN INVESTMENT ADVICE)
The team said that 'some big launches in 2023' would be focused on connection of revenue to the token: staking or burn.
Timing this announcement is a good short term play (if I'm not missing anything important).
So, guess what's the token?
(NOT AN INVESTMENT ADVICE)
Update: the token is back into the range, but liquidity is still low.
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