Any tokenomics posted the day before a launch = a red flag!
BlueZilla likes to play the micro market cap at the TGE game so they can boast massive gains. While this looks good for them, it really sours the taste for investors who only get to buy $20 in allocation by holding a tier in the launchpad.
Here's what I like:
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The token has a deflationary mechanism of a 7% sales tax, 5% of which goes to a buyback and burn.
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Staking (the inflationary aspect) is only 12% of the circulation. Here's what I do not like:
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They combine the seed and private allocations together at 20%, so you cannot tell how much was seed vs. private. I can extrapolate from the IDO that the private allocation was likely 5%. It seems shady to hide the seed distribution like this, and there is no mention of who received this allocation and at what price.
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The private round was just a gamification to give some extra allocation to the top tiers on the launchpads and not a true private round. The public price is $0.02, and the private price was $0.019.
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They have marked 15% as ecosystem and 5% as a reserve without describing what these will be used for. This is another shady way to hide 20% of the tokens for whatever they want.
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Vesting is very unclear for everything except private and public. Once again, why so shady? When do the seed tokens unlock? How about the team's tokens?
Here are the high-level metrics: Max supply: 200M Supply @ TGE: 3.8M Public price: $0.02 Private price: $0.019 (a joke) Initial market cap: $76K Vesting: Private/public is 10% at TGE - 30-day cliff - 9-month vesting (monthly). Show Less
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