Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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
Dr. Torsten Stuber: CTO at Pendulum Explains How Use of Stablecoins Affects Developments of DeFi Apps
https://www.crowdfundinsider.com/2023/02/201941-dr-torsten-stuber-cto-at-pendulum-explains-how-use-of-stablecoins-affects-developments-of-defi-apps/
Messari have released their quarterly report on the Polkadot ecosystem - State of Polkadot Q4 2022
Conclusion.
Going into 2023, Polkadot boasts the second-largest developer community in crypto. With the upcoming launches of OpenGov, parathreads, XCM V3, asynchronous backing, and continued advancement of WASM smart contracts, the stage is set for future innovations. There is much to look forward to in the Polkadot ecosystem.
https://messari.io/report/state-of-polkadot-q4-2022?referrer=all-research
Alexander Wilke interview
Alexander Wilke on how Pendulum is the missing link between Fiat and DeFi
https://www.youtube.com/watch?v=JTWgoJ6tl4Q
For info the Zenlink api protocol coding was added yesterday - basically meaning all gearing up for AMPL and PEN trading on Zenlink.
https://www.zenlink.pro/en/