The Genesis Launchpad by @metaplex would atleast 5x their annual revenue from $20M+ to $100M+/year out of which 50% is used for $MPLX buybacks.
Here's how that would happen:
- Genesis is not in competition with @pumpdotfun or @bonkfun as it is for serious projects rather than memecoins.
- So lets say if a project raises $20M through Genesis they would pay a standard fees of 5-10%. Lets assume that to be 7% which would be $1.4M
- If Metaplex launches atleast 5 new projects every month through Genesis they would make an additional $7M on top of the $2M+ they already make in fees from tokens and nfts.
- From this calculation their annual revenue comes out to be $108M and this is the base case which would lead to $54M of MPLX buybacks.
Here's a clip of @DegenMack from @bidclubio podcast explaining Genesis Launchpad and how it would generate revenue for Metaplex.
@gaspardlezin well to escape inflation, to trade etc. some people are doing this where they are getting local psp which they use to accept payments using credit/debit card (as there is a lot of fraud in p2p). obviously they don't mention they are buying/selling crypto to the psp.