bullish on $CARDS
tldr: more profits than its marketcap + buybacks coming
- Token has been going down/sideways while fundamentals have been improving
- 9M gross profit in Q1 (37M/yr)
- 146M gross revenue in Q1 (584M/yr)
- $14M+ (or $17M reported by others) treasury; collectible inventory + USDC, backed by the token
- The marketcap is $13M
- Token buybacks are coming “pretty soon”.
- Chunk of profits will go to buybacks, along with percentage of each pack sale (including partner platforms via their API) will route directly into systematic buybacks (averaging $84M monthly volume past 6 months)
- Team is actively trying to buy back VC allocations (reducing sell pressure). Which are fully unlocked in a few months anyway.
- Team has already quietly bought back $1.5M worth of tokens. Creating a floor around 3c.
- FDV is effectively much lower; can remove 37% foundation + 16% community (will take 10yrs to disperse) + % they’ve bought back already. And this number goes up with upcoming buybacks
- Team is great, transparent, they keep shipping and innovating.
- They are opening up their own vaulting facility; vertical integration with same day shipping, no international repackaging, no reliance on 3rd party logistics. Better UX and will allow for product expansion like sealed gacha.
- Goal is building the infrastruture layer for the entire collectibles market.
- Pricing API, collateralized lending, expansion to other TCGs coming up. More in the pipeline the team doesn’t want to share as competition will copy.
- 0 ad spend so far, fully focused on hyper growth
What do you think happens when official/systemic buybacks get announced?
Day 3 of pre-private beta launch giveaways
On todays menu, TWO Team Rocket [Unlimited Edition] Booster Packs
Yes that's right people you have 2 chances to win! All you have to do is;
- drop us a follow (if you haven't already)
- like & retweet this tweet
- reply with a recent pull, can be either a photo or just the name/set of the card 🤩
One pack given to a random entry, second pack given to the interns favourite pull so dig deep in those collections frens 🫡
January 2025 will be huge, and we can't make it without our supporters, Cardex Army!
Like, Retweet amd Comment this post, we will choose 10 winners and give away Cardex early access codes. Code will guarantee immediate access to the app following our launch on @AbstractChain
Will you be the lucky one?
Hosting my final $PENGU giveaway of the year! Tomorrow, someone will receive a special New Year’s gift from me.
The rules are simple: I’m giving away $PENGU to those who follow me and engage with this tweet.
Don’t miss your chance—the winner will be announced tomorrow!