gambl me-retweet
Respect to @loopify for doing his @TheTreeverse community right.
17.5% of the UNLOCKED supply to the NFT holders (55% of the entire circulating TGE supply). The fate of $END is literally in the hands of the hardcore community who bag held the NFTs for years.
Which is a rare thing in this market where the "go to" TGE market plan these days for almost every single project is to give the majority of the unlocked supply to market markers, exchanges, social farmers and exchange farmers -- basically everyone else first BUT your own true community.
Takes some balls these days to reward your NFT community first, especially with how poorly gaming tokens have performed the entire cycle.
Compare this say to the launch strategy to the likes of @playoffthegrid which loudly opted to give nothing to investors or community at TGE but hand the entire circulating supply over to ONLY exchanges and market makers while imposing a tiny circulating supply (~6% of the FDV).
Even with a polished game experience and significant hype on TGE and bribing out a Binance spot listing to justify this, the $GUNZ token gone 'Off the Grid' and has crashed hard.
Playing games with your circulating supply simply delay the real price discovery...eventually the market is going to reprice you to what you are worth, which is a fraction of your fake on TGE FDV.
In the case of @playoffthegrid, what do you think's going to happen to the GUNZ token value when the circulating supply quadruples from 6% to 24% in six months when the investor cliffs unlock and the vesting actually starts? Unless something dramatic shifts in what's being delivered to the market, I suspect nothing good for the project.
A rational lesson here is that artificially restricting the token supply when there is vanishingly small demand for your token from both in the game (i.e. very little demand for the token utility by your players) and from speculative investors is going to mean your FDV slowly bleeds into the abyss as the supply inflates, especially if the FDV collapses despite circulating supply chicanery.
And potentially if your token is going to crash, at least make your community happy (if no one else) because they may well stick around out of loyalty and you can do something with this if you deliver your product.
Will be interesting to see how $END performs here with this strategy.
The vibes with the community will at least be good and this may push the token upward, especially if the game + ecosystem are good. Long term of course, the game has to deliver. But It's great to see a founder stay loyal to his community.
Loopify 🧙♂️@Loopify
there is nothing wrong with paying fees and adjusting allocation for big exchanges --- if it's T1 spot listings anything else is -EV in my eyes we don't have to change investor vestings, we can give a higher % of supply to the community, we don't have to reward 5 CEX launchpools to be on their alpha listings that everyone can get on, etc. yes, it's harder, you have less avenues of exposure but exposure only matters when you have demand step by step
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