@endurancetest@viceroyresearch@chamath Tbf, whilst well backed I don’t see much chance of FMX challenging CME. They’re going after the same market where most liquidity takes all…Abaxx is going after pockets with no competition right now.
@JoshCrumb@Crispyd06 I’m amazed that the Abaxx-Alta mmf news hasn’t been a bigger deal/gotten more coverage so far. Absolute game changer. Hopefully there’s a strategy to get this out to the masses..
@JoshCrumb@fjkl69@nobenchmark@abaxx_exchange Hey JC- does this read no further dilution until the implied mcap values 1mm adv + tech. If so, what does that level look like discounted to today in your mind? Somewhere between 3-5bn USD?
@JoshCrumb@_riskFULL Frustratingly, the fact that’s it’s not easy (very hard) is probably the exact reason the market assigns such a low probability of success 🤷♂️ F’em.