I am surprised by the recent performance of $Jager on the BNB Chain
In fact, the second pool of Jager is a Pandora's box. Everyone knows it is very volatile, but there are concerns about sell pressure. After the LP expires, everyone worries about a crash. Surprisingly, it has remained stable and gradually moved up, so I find it very unexpected and am also pleased with this community.
About the unlocking of second pool LP
If I remember correctly, on the first day of the second pool, the evening of May 8th, the LP was around 3000 BNB at its peak. The first day also saw the highest addition of LP. The unlocking date for this batch of LP is May 22nd, which is the period from yesterday afternoon to midnight. The sell pressure generated was far less than expected, and after midnight, it began to rebound strongly.
On the first night, I was continuously monitoring the LP situation. In fact, until around 2 or 3 AM, LP was still increasing. However, after the gradual unlocking last night, it started to rebound strongly at midnight. Therefore, there is an overlap area between LP unlocking and rebound. This part represents a significant portion of LP unlockers who used BNB to buy tokens along with other opportunistic buyers.
About token economics
The current token economics involve holding 14.6 billion dividend tokens + BNB, accumulating every 10 minutes. When trading volume is sufficient, the BNB dividends can also be quite substantial. Today's trading volume is approximately 1.5 million USD, which means a dividend of 37,500 USD for all holders.
I calculated that 14.6 billion is currently about 73 USD, which is a low threshold. This is also to allow more people to enjoy the token economics. If only distributing tokens, it would be greatly affected by value fluctuations. Half of the dividends are JagerBNB, which can be exchanged for BNB at a fixed ratio on the official website, providing a safety net for everyone. Earning a daily allowance is quite nice.
About the narrative of Jager
In fact, many people do not know that Jager is the smallest unit of BNB, equivalent to Sats for BTC. Jager's slogan is BNB to 10K, which is also the community's vision. This is certainly appealing to me as a BNB Holder. Whether the dream is unattainable depends on whether those chasing the dream are bravely forging ahead.
Every day I open TG, everyone is pushing, tweeting, chatting, filled with anticipation for the BNB Chain. I think this might be the ideal community that CZ mentions.
A little surprise
Today, the trading volume on the BNB Chain reached its second highest in history. While I was shocked, I tweeted about it, tagging Jager. Unexpectedly, CZ retweeted it. Compared to what many people say, I prefer to believe that CZ hopes to see a thriving ecosystem, and Jager is also a meaningful MemeCoin for the BNB Chain.
@cz_binance @heyibinance
