The tokenomics don't make a lot of sense from a long-term survival perspective. But it could be a really good trading opportunity.
There is a max supply of 97,494.25 $GRAIL tokens. The current supply is 27,848.52, of which, 9,612.2 is available to the public. According to their blog, 22.5% of the total supply is allocated to liquidity mining emissions. It's not clear if that 22.5% in included in the 27,848.52 current supply.
From a long-term perspective, it seem like they are going to be too aggressive with token burning. At the moment, they have already burned 2.5% of the max supply. Burning has never made sense to me, unless you're creating a token/coin where you only care about short term profits, like with a pump-and-dump meme coin..or it's being used in conjunction with a minting protocol to balance supply. But for an exchange with less than 100K tokens, it doesn't seem like it won't be long until liquidity becomes an issue.
Source: https://docs.camelot.exchange/tokenomics/deflationary-mechanisms#xgrail-redeems
But in the short-term, this could be a good trade. With only about 10% of the max supply available for trading, a big price drop might be a good opportunity to buy. This is assuming that everything with the exchange is working as expected.
Maybe I'm missing something, but the numbers don't seem to add up. Show Less
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