2021-09-29 17:06:50
GOLLUM GAMBLE
OnlyUP
Heard about this presale coming up today at 4.30 PM UTC today.
What really interested us was that it is a rebase token with claims in ETH. This will be the first with these tokenomics and could be the new meta if it works. Very curious see how it goes as it has Monkey Shanti as the dev (who has great reputation as an extremely talented dev) and an experienced owner leading the project.
The 300 BNB hardcap seems high but glad to see only max contribution of 1 BNB Max to make it fairer.
The whole project does feel very quick moving as only noticed marketing kicked in yesterday and it is already on pre-sale but could be a case of not wanting other devs to copy the idea.
The owner seems to be wanting to spend most of the pre-sale funds allocated for marketing on CG, CMC and dex trending post launch - hopefully they manage to deliver.
Overall, definitely worth checking out and think there is still some time left on their sweepwidget whitelist comp. The gamble being that 1) the pre-sale fills but importantly 2) these new ambitious tokenomics work.
Here are the links if interested:
https://t.me/onlyuptoken
Bear case?
These are brand new tokenomics and have no doubt Monkey Shanti would have done thorough testing. However as rebase is still something many devs are getting used to we wonder if the introduction of claims could throw up some unforeseen issues. However if it works flawlessly it could have serious moon potential. Also owner is not currently doxxed publicly or privately despite having some solid reputation so that may be something to note.
2.2K views14:06