$TREE
Laid out a first-hand tree spot
Why buy in
The logic is very simple
The airdrop of this coin is very generous, which is very different from the previous VC style. Which institution doesn’t pull the price up only when they have the coin in their hands? Making money is the real goal.
Airdrops, rewards, and the listing fee for Binance (about the listing fee, Binance actually uses it for TGE; otherwise, where do you think the rewards come from? It's actually provided by the project party) account for a total of 12.6%, and the project party itself takes 3% of the chips. This wave of high opening not only allowed those who farm to earn a large sum, but also allowed those who play contracts to short and enjoy it.
Of course, this is just a gamble based on chip distribution. Overall, in terms of application fundamentals, this coin is not considered excellent. The staking of ETH has only about 3% APY, which is relatively low. The tree staking is also an old play, the longer the lock-up period, the higher the returns, with a maximum of 75% APY after nine months. Such a return rate is difficult to attract large funds to enter the market.
However, focusing on transaction volume, the current situation is relatively active, around 12 million, and the liquidity is quite good. But the price has been hovering here, which should be the project party absorbing chips. (The institutional part is probably at a cost of 0.1, and a return of 4 times, or even less than 4 times, is not considered high in the crypto space.) So there is still good room above.
Therefore, careful consideration is needed. My entry point is 0.45, and if the overall market weakens, it may go down further.