Solstice’s ICO looks tough in the current environment
> 50% of presale supply unlocks at TGE, meaning 260M day 1 FDV is needed to breakeven
> Unfavorable TVL to FDV ratio
> ~8% of supply allocated to airdrops, low demand on sale, who’s the next marginal buyer?
> Broader market sentiment for ICOs remains weak
I hope Solstice can surprise us, and have a successful launch, where believers are rewarded

It’s good to see that people seem to be getting smarter and are no longer blindly aping into every ICO.
Solstice is trying to raise at a $130m FDV with 50% at TGE ($260m FDV to break even).
Meanwhile, the odds on Polymarket for a $100m FDV are only 50%.

moritz

Twitter

Over the past six months, I've gone from being an observer of Web3 to entering the payment industry. Now, I've chosen to stop and cease working on Web3 payments.

This isn't a retreat after a failure, but rather a judgment and adjustment made after truly getting involved. In these past six months, I've traveled to Yiwu, Shuibei, Putian, and even Mexico, seeing how payments are actually implemented in the most prominent places mentioned in reports. I've also been involved, building a Web3 payment MVP, taking over accounts, developing Web3 payment tools, and trying to run my imagined path from the first step to the last.

But the further I went…

An entrepreneur's account: From beginning to end, why I stopped developing Web3 payments.

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