@HiroSwap@RareFriendsNFT@poopie The solution is for people not to pay $0.06 for a NFT when a single token costs 0.0016 which mints the NFT...the bots are just arbing the mint price..for a 1 cent profit after gas fees 😂
@GameofGold8@RareFriendsNFT You do realize each token can generate a Generations NFT when it's sent right? Therefore a common Generations NFT price is pegged to token price (plus tx cost to mint). I think the idea is to make Generations plentiful and reduce over time with burn. If it works, time will tell..
@GameofGold8@RareFriendsNFT Founder - 7 were burned to pay for activations on the remaining 57.
Dev - 128 NFTs burned for bootstrapping to generate 128M tokens. 64M was used to provide initial liquidity with ETH in the LP. Other 64M went to the rewards contract. 48 were burned from cancelled FCFS sale.
@natealex@WGMeets@RareFriendsNFT Most haven't figured out they can buy or transfer 1 $RAREFRIENDS token to mint a NFT and try to farm a rare one. This could lead to millions of Generations NFTS. This, going into a deflationary supply could be pretty wild in the future if there are levels to this game :)
@OttoSuwen@RareFriendsNFT Bullish.
$RAREFRIENDS supply went from 1.24B to 967M in 24 hours.
In 24 hours, 20ETH in fees have been generated for next weeks rewards for activated NFTs to split.
Circulating NFT supply is 567. 1024 - 352 (burned for tokens) - 57 (dev holding) - 48 (not being minted).
@Cbb0fe Also they do not disclose tokenomics
Doesn't disclose total airdrop %
Doesn't disclose your token amount
Entices you to link your wallets together with bonus multiplier
Entices you to link your wallets to your socials with bonus multiplier
@Cbb0fe Lesson in here when you see "ThielFellowship" "MIT" "YCombinator" "Harvard" "ex-Google" "ex-Microsoft" or something similar in people's profile.
-real day 1 circulating around 11-13% ~$1B @ .80 pre-market pricing
-pretty much every big exchange listing it
-3B in TVL on mainnet launch, more after rewards start
-most people missed public sale (gas war) or went too small
-ones in public sale feel underallocated (only got to buy 5% of their deposit amount) and want to buy more on a dip
-been 2 months to hedge shorts on perps with high liquidity and volume. buyers absorbing other side of those sells without 99% of market even buying spot yet
-higher token price makes bigger XPL rewards for defi activities, makes larger TVL
-Tether/Paolo/Thiel/Bitfinex infinite money to absorb if they want
-Tether just valued at $500B, can be easily pitched as Tether’s L1 or Tether beta as indirect way to get exposure to Tether’s valuation
higher.
@CandleAtlas@Jampzey 10% to public sale. and 8% to ecosystem. But some of the 10% was US participants that are locked for another 9 months. Some of the 8% will be used as rewards / defi incentives over the next few months. True circulating is probably closer to 10-12%.
@Rationalape1 I don't think it's that easy, this one specifically has had high volume and liquidity pre-market perps trading for last 2 months on HL and Binance, most large participants are already hedged with shorts and there's been buyers on the other side of the trade.
@0xDrewski Tether, Bitfinex, and Paolo invested in and are backers for Plasma, Plasma is a huge enabler for USDT transfers, so quite the opposite - $XPL is one of the only ways to get exposure to Tether.