Just went through @babylonlabs_io's $BABY tokenomics, and it’s actually looking quite good.
First major BTCFi infra on $BTC, so expectations are high for this one ngl.
➥ Major Tokenomics Keypoints:
▸ 15% supply to community incentives (full TGE unlock)
▸ No VC/team unlocks in Year-1
▸ VCs, team, and advisors can’t stake their locked tokens in Year-1
We’ve already seen the repercussions of VCs staking locked tokens and dumping yield on retail (TIA, Eigen).
So Props to Babylon for shutting that meta down completely.
That brings us to the 8% annual inflation part :
▸ 4% to BTC stakers + 4% to $BABY stakers
Since VCs and the team can’t stake for a year, retail stakers will eat a bigger chunk of those rewards in Year-1.
➥ On Price:
10B supply, pre-market around $0.06 (~$600M FDV). Feels low, likely due to illiquid pre-markets and fewer traders on them these days.
That said, we’ve seen good projects launch with lower FDVs lately, giving retail more upside post-TGE - unlike the prev high-FDV meta (Eigen launched at $7B FDV )
So let’s see how this one plays out.
I just got 154,102 Hood Points for playing $HOOD Runner @wagmicatgirl from rags to riches, use those kitty paws and grab fat digits https://t.co/Sq5xwxnlMv
It's time to BLAST OFF
@BLAST_L2
is the L2 with native yield backed by
@Paradigm
and
@StandardCrypto
Join Blast Early Access to start earning yield + Blast Points, redeemable in May
Just getting started with @ItsObviousTech, one of the leading smart contract wallets out there, integrated into the Polygon zkEVM ecosystem. #PolygonzkEVM bound with #Intract 🚀
Hi, my name is @Viktya6, and I’m a $MEME (@Memecoin) farmer at @Memeland.
On my honor, I promise that I will do my best to do my duty to my own bag, and to farm #MEMEPOINTS at all times.
It ain’t much, but it’s honest work. 🧑🌾
AHOY! $MEME (@MEMECOIN) IS GOING TO @BINANCE! 🙌
This is not a drill! This is not fake news! This is happening!
$MEME is the 39th (not 69th) project on Binance Launchpool! You only have 7 days! Come join the farming with your fellow Binancians!
👇 https://t.co/aYJr4ZQg6Y