Based on information received, which is not entirely matching some of the information on the website, be careful as you might be seeing some old tokenomics information depending where you look. The correct information is attached as a picture below.
** Paid Tokens: **
- Seed round of 75M (5% of supply) tokens at $0.02 for raise of $1.5M
- Private round of 75M (5% of supply) tokens at $0.03 for raising $2.25M
- IEO for another 150M tokens (10% of supply) at $0.08.
90% of the remaining supply is obtained for free? Team/Advisors gets 20% of the supply. Vesting is not that long, but slightly longer than other projects I've seen, I'd rather see 5 years vesting on the team.
How is the IEO financed? They are not launching on a DEX, but on a CEX, and they are looking for a market maker, hence they are not using their own liquidities of stablecoins to finance the IEO except for their own token allocation. Depending on the deal they get that could make sense, otherwise, the 150M of tokens will be released not all at TGE which will significantly reduce price growth which is good to a certain extent if it's done carefully. 150M tokens at $0.08 is $12M that needs to be eventually bought for the price to start moving up as those tokens needs to make their way onto the market first.
Overall, this means that at IEO their fully diluted valuation will be $120M, I think that's over priced. Some of the tokens may never reach the market, but still just the Team/Advisor tokens will account for $24M, I think that's too much for a starting project.
Potential selling volume at IEO is 5% of Team/Advisors (15M tokens at $0.08 = $1.2M really not good). As well as 5% of Seed round (3.75M tokens = $300K with a 3X ROI, not good), and Private round (3.75M tokens = $300K with a 1.6X ROI, not good).
I like that there is a market of buying volume that are likely to pay for volunteers and ESG type of activities, but we won't get clarity on that right away, so it is hard to price in at the moment. It's a gamble wether or not the price will sustain or grow in short term or crash while early investors cash in their gains. I'm not confident the buying volume will offset the selling volume. Show Less
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