2021-08-27 15:53:57
Now, after reaching target 1, I am sharing with you our Premium gem.
Premiums bought it at $13. Now it is $45 where we booked first target.
We are sharing it now with you because it’s fundamentally still undervalued.
This is the original Premium post that went on at 8. Aug
No much hype, this is a Blockchain Whispers gem.
Tokemak, TOKE $13 now. Estimated target $44, $89 and $119
Tokemak
Tokemak is a liquidity controller, a protocol that directs and deploys liquidity like bandwith. The protocol has different pools where assets can be deposited (called "reactors"), each pool consists of the asset + the TOKE token. Depositors of the specific asset (for example USDC) are the Liquidity providers, depositos of TOKE are the so-called "Liquidity Directors", as they vote where this liquidity shall be directed to (for example, to a DEX like Uniswap in Pool xzy).
Both sides earn staking rewards in the form of TOKE (until the total supply is circulating, then there will be a different reward structure). The TOKE token is the governance token of the protocol with the added functionality of voting power to where liquidity can be routed to. This is an immense value proposition as any new project, DAO or exchange may want to hold these tokens to have a say in where liquidity should go. You can see TOKE as a form of tokenized liquidity.
The launch of the protocol went smooth, the token distribution is centralized with most contributors where < 5k USD value. Additionally, the VCs who invested in the seed round got the token for 2$, as the participants in the public round paid 8$. This is a very good ratio for a world where it is usual for protocols to sell tokens to the public for 50x the price that Venture Capital paid.
Another very good thing is that all tokens from the seed round + team tokens are locked for 1 year and then linearly released in the span of 12 months. This limits the downside potential of this token, as any seller has either bought for a minimum of 8$ in the TGE or is a farmer.
The team is very capable and known in the DeFi space, this led to the participation of very respected VCs in the seed round. One of them was Coinbase, so we can expect a listing of the native token on CB in the future.
It was a long time since i was this fascinated by a new protocol and i am convinced that Tokemak will be a future DeFi bluechip, very few people understand the grasp of this. We are having a liquidity base-layer for new DeFi projects, kind of a routing protocol for liquidity. This will be named in one breath with Uni, Aave, Compound and YFI as one of the most important innovations in decentralized finance. What do newly launched projects do to incentivize liquidity on UNI/SUSHI?
They offer rewards for staking the LP-tokens at their website (called liquidity mining), this is a costly procedure and will be made completely obsolete with Tokemak. The scope of this is really big and i am very impressed by this new DeFi primitive. If you buy some tokens make sure to stake them on the Tokemak website (https://www.tokemak.xyz/) as single-sided staking. I would not advise to stake LP-tokens form Uniswap or Sushiswap as of now, because the risk of Impermanent Loss is high with new assets in price discovery.
Mr.Y for Blockchain Whispers
141.0K views12:53
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