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Brief Thoughts on the TGE> I think it's a smart move. The advantage of L2 is that it can separate the chain launch from the TGE. At the very least, the TGE can be used as an incentive to activate ecosystem apps and generate traffic. *That's why I was initially skeptical when rumors circulated that Mega Ether would hold an ICO and TGE early. If a TGE is held and no one uses the chain, the token price will plummet anyway (as proven by numerous recent chain launches). Furthermore, if a TGE is held in the current market situation/price, those who participated in the ICO won't be satisfied, and the team will have a hard time defending the token price. So, the above structure means: - A TGE is necessary to reach certain metrics = We have many useful apps, so we're confident we can achieve it. - If you participated in the ICO and have token shares, it's not a structure where you can immediately realize profits. Instead, come and use the ecosystem and contribute. - Since there are trackable metrics, the token price will follow these metrics to some extent. From a KPI perspective, 1. $500M - TVL is expected to grow rapidly, as there will likely be some yield-based or gambling-style apps. However, this metric is similar to the TVL of Sui Defi, so it remains to be seen how quickly liquidity can be absorbed in the current market. 2. This depends on how quickly 10 apps are ready. I don't think 100,000 transactions and 25,000 active wallets are difficult targets. 3. This is likely to be easily achieved by WM/Euphoria. The key question is who will be the third app.

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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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