Exactly as I predicted, DyDx have launched their governance token quickly after releasing their Layer 2 DEX, and for those who adopted my directions you are now eligible for ultimately 1100 DyDx tokens for every account you traded with!
In phrases of worth prediction, we will calculate the VC worth of $0.31 per DyDx primarily based on VC allocations of 27.73% (277,295,070 DYDX) for $87M invested to date.
That’s absolutely diluted in fact and at VC pricing, so I’d anticipate the market worth to be muuuch greater, $1-2 wouldn’t shock me in any respect, primarily based on efficiency of UNI (identical max provide of 1B) and 1INCH (1.5B max provide). FTT can also be flying very excessive proper now and in fact BNB has additionally finished extraordinarily nicely.
Lockups are additionally nice, 18 months for VCs, so solely 8.11% will probably be liquid at launch and then slowly enhance as liquidity rewards are distributed for 18 months earlier than VCs get unlocked.
More particulars:
– https://dydx.foundation/blog/en/retroactive-mining
– https://docs.dydx.community/dydx-governance/start-here/dydx-allocations
Claim your rewards at: https://trade.dydx.exchange/portfolio/rewards
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