Let’s reverse-engineer the numbers. Assuming an average price of $250 per NFT and a total of 50,000 NFTs, that comes out to $12.5M. If that represents 3.7% of the total supply, then they’re valuing the project at $337M. For reference, @MMTFinance 's current TVL is around $150M. And is this fully unlocked at TGE? No—it’s going to be distributed randomly over time. So how should the community perceive this? Do they really believe, as Wendy claimed, that this is about “exposing NFT users to MMT”? Probably not. It just looks like a cash grab. If this NFT sale is being done at that kind of valuation, then I have no intention of supporting this project.
ChefWEN
ChefWEN1.8. klo 18.48
The total allocation for the NFT sale is 3.7%. Based on the rarity of the pack you get, tokens will unlock 100%, 50%, 20% and 10% at TGE. Rest will be given in the form of veMMT which can participate in the protocol governance.
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