Still confused about the yapping meta ?
Here’s something to factor if you’re still contemplating on starting your yapping journey
Using: @MagicNewton
imagine the total supply of $NEWT is set at 1B tokens, like most new launches
Yapper reward:
0.75% X 1,000,000,000 = 7.5M Tokens
Using Kaito Tokenomics:
Total Supply: 1B
Initial CS: 240M
We can see $NEWT launch around $0.5-$1
In comparison with funding rounds:
Kaito raised $ 10.80M at $ 87.50M valuation
magic raised $ 83.00M at $ 500.00M valuation
$1 looks like a discounted price right ? haha
Yapper Rewards in comparison to Total Yappers where $NEWT = $1
$7.5M In USD / 1000 = average $7500 per yapper
$7.5M In USD / 2000 = average $3750 per yapper
$7.5M In USD / 3000 = average $2500 per yapper
$7.5M In USD / 4000 = average $1875 per yapper
$7.5M In USD / 5000 = average $1500 per yapper
We can see that at 5k yappers, it is still a 4-fig drop & in consideration of recent events 2k-5k is serious exaggeration of total yappers for a protocol.
The catch is there are very few yappers chasing a decent amount of rewards.
if we factor top 100 leaderboard, skaito & nfts holders, some yappers might receive up to $10k in rewards.
Imagine a situation were there a less than 1k yappers 🤔
it cost nothing to yap, i highly recommend