Huma's airdrop is a good result for me after Kaito @KaitoAI, achieving three goals with one fish. The overall results are as follows:
➣ Participate in staking in mid-April, and get 5k+ tokens after maxing out in 6 months
➣ Kaito token staking users will receive 3k+ tokens
➣ Earned 38k+ tokens in 3.2 articles in one week
Total 45k+ $Huma tokens
Following this line of thought, I will review the project from four aspects: **Project discovery -> Decision to participate -> What was done -> Continuation of ideas**
1. Project Discovery
I remember seeing Huma very early on, but I didn’t pay much attention to it at the time.
What really caught my attention was the tweet from Fengshen and Huma.
https://x.com/0x0xFeng/status/1911061699148628192
Then, while cooking, I listened to Day1Global @day1globalpod and Mable @Mable_Jiang’s podcast about Huma. Richard’s boss @DrPayFi’s speech gave me some interesting information.
2. Decision to Participate
In the two podcasts, Boss Richard left me with some impressions:
➣ Denied the current market phenomenon of judging the quality of projects by TVL, and proposed to look at the amount of funds actually invested in the agreement
➣ Talked about his experience in joining the community, which led to his emphasis on the community
If there is a great deal of uncertainty in one place, then if the same statement is made in two or more places, then it is indeed time to pay attention.
After listening to the two podcasts, I agree with what Richard said, including the relevant rhetoric, TVL logic, etc. I buy in.
At this point, I actually didn’t look too much at the fundamentals of the project, but paid more attention to the founder himself. I would see whether his logic is clear, whether his past background is irreplaceable, and how credible his words are (roughly equivalent to the first impression).
At this point, Boss Richard meets the criteria I mentioned in “Disenchantment Theory 3”: “The founding team has sufficient knowledge and understanding of the market.”
https://x.com/0xcryptoHowe/status/1922573474616545710
Luckily, Huma opened a new pool the day after I listened to the two podcasts, so I directly deposited some liquidity funds that I would not use in the short term.
At that time, I also read Nathan @0xNathanWalk’s tweet about Huma’s participation strategy, and found that the 6-month Maxi airdrop is the most cost-effective for small retail investors. I just maxed out the bonus.
3. What did you do?
After I saved all my money in mid-April, I didn’t follow up on Huma’s progress. After all, I had saved all the money I needed. I just reminded my friends about the new pools I opened later.
Until recently, I saw the community round pre-sales launched by Huma and Jupiter, and the airdrop incentives launched by Huma and Kaito. This gave me new ideas and ways to participate.
First, I was inspired to try out the token valuation analysis tweet section launched by Bunny @octopusycc recently. After discussing and analyzing with Bunny, I wrote the Tokenomics analysis of Huma.
https://x.com/0xcryptoHowe/status/1924076364820570576
Second, I have compiled five recent projects that I personally think are worth mentioning. The first one mentioned Huma
https://x.com/0xcryptoHowe/status/1924706520044077286
Third, after Huma officially released the latest okenomics design, I updated the above analysis tweet (here I found that Kaito's mouth-pushing is very cost-effective, which is also mentioned at the end of the tweet)
https://x.com/0xcryptoHowe/status/1925405565330886800
Fourth, to participate in the Huma community pre-sale, you need to participate in Jupiter's proposal vote first. Based on this, I wrote a tutorial on on-chain lending participation based on the BNB IPO tutorial of Binance Wallet that I wrote before (I eventually found that the risk was relatively high, which triggered some discussions, and I also learned some DeFi knowledge from other teachers)
https://x.com/0xcryptoHowe/status/1925171757167820917
Then I was surprised to find myself in the top 100 list of Kaito x Huma for 30D and 12M. You should know that I wrote and posted all 3.2 tweets in one week.
After that, I didn’t tweet too much, but I kept adjusting Huma’s opening expectations based on various information (community sentiment, pre-market prices, financing conditions, etc.)
I only posted this part of the judgment on my own channel. So far, it seems that I have basically got it right (if you want to join, you can read my personal profile)
Finally, TGE was over. Due to the reasons mentioned above, and $Huma was released without lock-up and without linear release.
Choose to stake all airdrops for 6 months to get the newly launched Vanguard status
4. Continuation of ideas
Here are some reusable experiences and tips for reference only.
1️⃣ Find better channels for project discovery
With the popularity of InfoFi, many people’s timelines are polluted by a large number of repetitive and useless tweets. It is difficult to discover projects from them.
Then it would be a good idea to learn about the project through some high-quality bloggers and podcasts.
For the former, you need to find some bloggers who do not make a living by advertising and have achieved certain success in the industry.
For the latter, you can check out Star and Rubby’s @day1globalpod, @Mable_Jiang’s “Houlang podcast”, and Alexon @0xAlexon100’s Youtube videos (these are the three I watch often)
Especially the projects that appear in multiple places at the same time, this time it was Huma, the last time it was Sign, and the last time it was Kaito
This approach is basically equivalent to asking senior people with high knowledge to help us screen the project.
2️⃣ Estimate the reasonable valuation of the token opening based on various project information
Huma is the first time I have really used track fundamentals, pre-market prices, financing costs, Tokenomics and other information to continuously calculate and update project valuations.
For example, Huma belongs to the PayFi track and can also be counted as RWA. The leader of the RWA track, Ondo, currently has an FDV of 9B+, and the second leader is generally 20% - 30% of the leader.
It is obviously impossible for a newly launched project to reach such a high valuation ratio in a short period of time. Combining the pre-market price and financing cost, we can conclude that an opening valuation of 800 million, a delivery valuation of 1.2-1.3 billion, and an upper limit valuation of 1.5 billion are more reasonable expectations.
Reasonable valuation expectations combined with K-line technical aspects will make trading operations more convenient
3️⃣ When you masturbate, you should pursue quality, not quantity
It can be found that I only posted 3.2 tweets, but each tweet has a different angle from other bloggers' tweets and has aroused some discussion and attention from everyone.
This is one of the important indicators for us to talk about other projects next. Be careful not to write a lot of repetitive articles without any substance.
I also suggest you to be selective with your projects, because some projects are scams. If you are not sure, you can also ask me.
