Phase 1 @Initia 🪢 VIP rewards have arrived

The airdrop gives $INIT , not a single one has been sold

Let's calculate this using the wallets that participated in the INIT

A total of 1000 INIT were put in, and 36.5 esINIT were earned

VIP settles on 5/8, so it's a two-week period

📌 The conclusion is to achieve four benefits after two weeks

❶ $INIT 50% increase (TGE closing at 0.75)

❷ VIP rewards about 3% return (annualized at 114% in coin terms)

❸ Clear points from Inertia_fi = future airdrop

❹ Positive APY rewards from Inertia lending protocol

It's definitely a flywheel, although not very aggressive, but it's relatively stable and healthy

As for long-term participation, more considerations are needed, after all, one cannot only think in terms of coins

I originally planned to hold INIT until a target price

Since holding it is not a problem, of course, I'll throw it into VIP to have some fun, based on this mindset, receiving rewards is purely a bonus

The official statistical data table has not been released yet, I don't know how the performance of other VIP rewards is? But I think it should be good

https://app.initia.xyz/dashboard

Now the second phase has just started, today is another holiday when institutions are not working, and with the market price trend being so strong, could it be that everyone has come to participate in VIP? Is the flywheel just starting now?

https://app.initia.xyz/vip

#initia $INIT