extended raised $12.5M in funding
> easy $500m fdv launch
> so each point will be worth $2.5 if they did 30% supply airdrop
> giga bullish and farming the points for last 8 months
if you still not started here the guide: https://t.co/Jht5wq0cWX
keep farming perps 🤝
“B-b-b-b-b-b-b-but what will drive it to a fully diluted valuation of $1 billion?”
Thesis is simple. Read below.
(No offense brusito, I love you🫶)
Expecting more
Extendio🦦🦦
@B_ru_ce18@extendedapp Strong buyback program
Great protocol-aligned tokenomics
Solid tech
Product market fit
Goated team
And competitors like $HYPE and $LIT valued in the billions
Expecting more
Extended aimed to complete all key milestones by the end of H1. Since then, besides expanding the product, we've made significant progress on strategic partnerships and fundraising, both of which took longer than expected given their complexity.
As a result, one key milestone was pushed back: progressing the decentralisation roadmap. Yesterday, we announced that Extended is now working to decentralize the sequencing layer, laying the groundwork for its future tokenomics. We'll share more updates as the rollout continues.
While the timeline has shifted, our commitment to the early community hasn't. Specifically:
1. The current plan remains for 30% to be allocated to the early community (points holders).
2. The final number of points after slashing will not exceed the originally budgeted 70 million points. Slashing will take place in the coming weeks. Extended may make further adjustments before TGE if additional issues affecting programme integrity are identified.
3. Until the end of the program, we'll be distributing up to 600,000 points weekly.
Please note that eligibility for any airdrop will be subject to separate terms and conditions. Having no points slashed does not guarantee eligibility for an airdrop, any particular allocation, conversion rate or value.
We appreciate everyone's continued support. Our priority remains unchanged: building the right product, infrastructure, and distribution to create a sustainable protocol.
@B_ru_ce18@extendedapp Strong buyback program
Great protocol-aligned tokenomics
Solid tech
Product market fit
Goated team
And competitors like $HYPE and $LIT valued in the billions
Expecting more
this update has real numbers in it, so let's value it properly.
what's confirmed:
- 30% of supply to early community (points holders)
- capped at 70m points after slashing, sybils cut in coming weeks
- 600k points weekly until program end
add their recent announcement: $12.5m strategic round led by etoro, jump crypto participating, zengo partnership for self-custody rails.
value per point at different FDVs:
$150m → $0.64
$200m → $0.86
$280m → $1.20
$400m → $1.71
$500m → $2.14
why the upper rows aren't fantasy: etoro @eToro brings 30m+ registered users of tradfi distribution. perp dexs with far less behind them have cleared these FDVs at TGE.
and 70m is the ceiling, not the final count. slashing shrinks the denominator - organic farmers' per-point value only moves up from here.
honest caveats: decentralisation milestone slipped, TGE is later than hoped, and the eligibility language is careful - nothing is real until it's in your wallet.
but 30% to community + known supply + etoro on the cap table is as clean as it gets. 34k points looks good here ngl and this is why i will continue to farm perps dexes
respect to extended @extendedapp team for always being transparent and keeping it real