focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Also just noticed Pendulum are integrating with DIA (Decentralised Information Asset)
https://www.diadata.org/
DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts. Through the availability of DIA feeds, any project developing dApps on Substrate will be fuelled with transparent, crowd verified data. Use cases can encompass a wide range of examples, such as prediction markets, lending and borrowing dApps, derivatives trading platforms etc (not my words ;-)
The Amplitude and Pendulum Portals should be launched soon - for anyone interested here are a couple of wireframes of how its shaping up.
https://www.figma.com/file/5up5sghcttBogehUq4255i/App?node-id=995%3A866
https://www.figma.com/file/XLIKffEYnK9autHMM1YgA3/Flows?node-id=86%3A299
I would just like to manage peoples expectations regarding the initial PEN listing as I am not expecting the initial market cap to be anywhere near sone of the figures I have seen. The PEN token will/should grow exponentially with the launch of Spacewalk and 0xamber and the subsequent onboarding of further Dapps which will increase the tokens usage over the coming months. We will also have the next cycle Crypto bull market (which may have started) over the next 12/24 months.
All i am trying to say is dont have too high an expectation right from the go. The real value will be over the next 12/24 months when I hold very little doubt that the Mcap will be many many multiples from here. All just an opinion.
There isnt really a set formula for valuing a new ICO but lots of things will be taken into consideration such as the potential market, the service or product the token can provide, the current market conditions, comparable tokens and lots more, projected supply and take up and loads more - in simple terms I have no idea what they will come up with:-)
but based on the fact that the presale raised USD5m for 20% at the PEN presale IE 40,000,000 PEN tokens that would value a PEN token then (before anything had been developed) at USD 0.125 so I think it is safe to assume the ICO should be higher than that.
One word of warning here. The current crypto space, whilst starting to move again is not conducive to high valuations so I wouldnt be expecting a huge market cap from the off. But if a project gains traction and highly utilised it is not unusual to see a X50-100 growth over time (needs a bull market and a successful project)
Reachforthestars - Yes - the whole Pendulum project is to create a whole ecosystem build on the blockchain for AMMs, lending protocols, stable fiat tokens, yield optimizers, on/off ramps etc, and the larger the ecosystem grows the more transaction fees are generated.
Duke -
5.5% of total ie 11,000,000 PEN
0 % AMPE (Amplitude) as this is a community test Parachain and no tokens have been retained
5% AMBR (0Xamber) Amber AMM - Tokenomics not yet disclosed.
I would also suggest that it is reasonable to assume additional token allocations for future Dapps that launch on the pendulum Parachain ( just my assumption)
Hope this hepls
Been a busy day on crypto space today so not been around here but good to see first phase launched. Onwarfs and upwards from hete hopefully.
Its good to hear PEN could be listed on CEX as well as DEX as that will give it much more exposure. My guess (again) is it will be one with European entities so possibly etoro, coinbase, Kraken or Crypto.com we shall see
Pink - fairly close :-)
Henie
There will be a total of 200M and Satoshipay have bern allocated 5.5%.
But not all will be released straight away and I am not aware of the launch taking place on Monday. Large amounts are reserved for staking rewards, incentives, crowdloan reserves etc as well as 26% for the treasury.
Initial Circulating Supply is set to be 15,200,000
Albert - I posted purely for info - not suggesting it has anything to do with todays SP movement - I have no idea what the reasons are. To be honest I dont really chase the daily SP movements as my interest is 12/24 months down the line for the bog bucks :-)
Alex Wilke article on Nasdaq.com - getting noticed
Forex and DeFi: A Match Made in Heaven?
https://www.nasdaq.com/articles/forex-and-defi%3A-a-match-made-in-heaven