The era for high FDV launches has slowed down, but there are still some chains which are expected to launch with multi billion valuations. The OTC Market for @monad_xyz is currently trading at $2.7B which means that the airdrop could be significant. Remember that OTC for locked tokens often trade at a 40-50% discount, which would mean 3-4B FDV at launch
To take advantage you want to maximize your points in the Monad Testnet by looping @MagmaStaking $gMON on Kinza or Nostra 1️⃣ Stake on Magma: Receive gMON by staking MON. https://t.co/wOiCrM5CcG
2️⃣ Deposit gMON: Use it as collateral in lending protocols to borrow more MON. You can deposit gMon in @kinzafinance https://t.co/1BdpPR7KkO Or in @nostrafinance https://t.co/CHBFmgQJX1
3️⃣ Re-Stake for more: Stake the borrowed MON to get additional gMON. 4️⃣ Repeat the Process: Continue the loop to increase staking yield. 5️⃣ End the Loop: When you want to end the loop, withdraw from lending market, and LP MON and gMON on a DEXes or swap out In the process you'll be earning Monad, Magma and Kinza/Nostra points
Disagree that spending Virgen points yesterday on Axelrod was a dumb choice because of high points per token ratio
$AXR and $BIOS are by far the launched Genesis coins i believe can have a great run ahead of them
If we want to keep earning points we have to diamond handing these @virtuals_io bags for months and I'd prefer to hold coins where I have some conviction instead of random 48h pamp launches that I'll most likely roundtrip
FDVs are still low (18M and 8M) and there's still plenty of potential upside
$GTPWAI Virtuals Genesis launch launches at 1.6M mcap for a 7x
Quite a bit lower than the previous hyped launches
🔹️ 3990 participants 🔹️ 27M points burned 🔹️ 358k Points for max allocation 🔹️ 0.07 points per token 🔹️ Value of max allocation: $8k 🔹️ Value of 100k points allocation: $2.2k
Points per token goes down drastically to 0.07
But whats interesting is that a 100k points allocation is currently worth $2.2k, almost the same as a 100k points allocation for $ROAST
Picking the best deals is becoming harder and harder, but remember.. if you want to keep earning points you can't sell...
Note that sequence changes significantly as Tokens Per Point ration has increased drastically and ROAST falls significantly
💎 Current ROI and ATH ROI in a Virtuals Genesis Pool
We see that 7/16 launches has held its value over 10x their launch price
💎 Points Per Token
As points per token increases the ROI is expected to fall, but we had a very hyped launch yesterday with ROAST and will have a very hyped launch tomorrow, and just after that many of the early points earned will expire.
In addition, sybil and exploiters are being blacklisted and losing their points thanks to reports from community members and quick reactions from the Virtuals Team
I expect points per token to drop after a peak tomorrow, so maybe consider saving some points if you don't have short expiry? (pls, i want larger allcation)