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Today I saw $TAKE and I'm curious how a coin with nearly 18% circulation and a positive funding rate can maintain such a stable price chart. Could it be a Super Mario-like phenomenon? Looking at the token economics, it seems that investors' and the team's tokens were locked after TGE. The chart shows that the selling pressure from the airdrop has been absorbed by the project team. The project is a game asset trading platform, $TAKE with consumption scenarios including payments, card crafting, item purchases, platform revenue buybacks and burns, etc. Overall, it's a deflationary token economy, unlike the typical mining, withdrawing, and selling model of other projects. The design of the economic model and the team's vision allow the project to maintain a beautiful price chart without resorting to violent pump-and-dump schemes. The question is, should you short or go long here?

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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