Buckle up...I'm playing @MMFcrypto which is an AMM/DEX on @cronos_chain.
$410M+ TVL and doing some very innovative things with AMM liquidity by incorporating a @tombfinance fork๐
Insanely excited about this play because it is very similar to what I've been building.
Thread ๐งต
$410M+ TVL and doing some very innovative things with AMM liquidity by incorporating a @tombfinance fork๐
Insanely excited about this play because it is very similar to what I've been building.
Thread ๐งต
Current State -
MC of $MMF currently sits at about $49M.
After launching in December and the price finding its floor, $MMF has looked extremely healthy for all of 2022 while the market struggled. It also just had a small breakout on the daily.
MC of $MMF currently sits at about $49M.
After launching in December and the price finding its floor, $MMF has looked extremely healthy for all of 2022 while the market struggled. It also just had a small breakout on the daily.
Tokenomics -
Most DEX/AMM plays are very inflationary and this is where $MMF is differentiating.
$veMMF has been submitted for audit which will end up locking a large piece of the supply for up to 4 years.
Most DEX/AMM plays are very inflationary and this is where $MMF is differentiating.
$veMMF has been submitted for audit which will end up locking a large piece of the supply for up to 4 years.
Tokenomics / Launchpad -
$MMF has rolled out a launchpad where contributing for launches burns a portion of the supply. As you can see below where over $1M USD and 5.2% of circ supply were burnt.
~7% of circ supply has already been burnt from the launchpad... not bad.
$MMF has rolled out a launchpad where contributing for launches burns a portion of the supply. As you can see below where over $1M USD and 5.2% of circ supply were burnt.
~7% of circ supply has already been burnt from the launchpad... not bad.
Launchpad -
The team has no shortage of projects looking to launch from their platform. Including several more coming in February like GambleFi.
This all leads to further $MMF burns and could even lead to the token being deflationary. Crazy bullish...
The team has no shortage of projects looking to launch from their platform. Including several more coming in February like GambleFi.
This all leads to further $MMF burns and could even lead to the token being deflationary. Crazy bullish...
If you've made it this far and I've sold you on $MMF then congratulations... I haven't even discussed the actual play yet.
I needed to set the stage before discussing $SVN which is the real gamechanger โฌ๏ธ
I needed to set the stage before discussing $SVN which is the real gamechanger โฌ๏ธ
Savana Finance -
In roughly 7 hours $SVN will launch on the MMF launchpad.
$SVN will be a @tombfinance fork with $SVN being pegged 1:1 with $MMF. $mSHARE will be their reward token that will pay out $SVN when over the peg and capped to 100k supply after one year.
In roughly 7 hours $SVN will launch on the MMF launchpad.
$SVN will be a @tombfinance fork with $SVN being pegged 1:1 with $MMF. $mSHARE will be their reward token that will pay out $SVN when over the peg and capped to 100k supply after one year.
Why it's Different -
Every Tomb Fork released today is pegged to an L1 token like $FTM, $ETH, or $MATIC. These all have massive market caps and stay fairly constant from a price perspective and investors make money from high yield LPs.
$MMF is currently $49M MC!
Every Tomb Fork released today is pegged to an L1 token like $FTM, $ETH, or $MATIC. These all have massive market caps and stay fairly constant from a price perspective and investors make money from high yield LPs.
$MMF is currently $49M MC!
AMM -
$SVN- $MMF pair will make liquidity super deep for $MMF on the AMM. This also in the long term can become the emissions token for $MMF. This LP will also make the LP for $MMF extremely deep and selling from farm & dumpers will hurt price less while LPers will earn more.
$SVN- $MMF pair will make liquidity super deep for $MMF on the AMM. This also in the long term can become the emissions token for $MMF. This LP will also make the LP for $MMF extremely deep and selling from farm & dumpers will hurt price less while LPers will earn more.
Price Appreciation -
$veMMF, launchpad burns, and the $SVN- $MMF LP will suck up $MMF circulation.
With all of those catalysts, the $MMF token should send having only a $49M MC. Unlike being pegged to L1's, there is a decent chance $MMF does a 4-10x and $SVN does as well๐ณ
$veMMF, launchpad burns, and the $SVN- $MMF LP will suck up $MMF circulation.
With all of those catalysts, the $MMF token should send having only a $49M MC. Unlike being pegged to L1's, there is a decent chance $MMF does a 4-10x and $SVN does as well๐ณ
Yield -
Those of you who are familiar with tomb forks know that on launch 4-5 figure yields are common. The possibility of doing a 4-10x on price appreciation, 4-5 figure yields, and possibly growth from the above peg is highly attractive.
Those of you who are familiar with tomb forks know that on launch 4-5 figure yields are common. The possibility of doing a 4-10x on price appreciation, 4-5 figure yields, and possibly growth from the above peg is highly attractive.
Savana Raise -
The $SVN public sale is raising about $800k of $MMF. 40% of it will be burned immediately, 20% will be added to liquidity, and 20% will be reserved.
This means $SVN starts at a very low cap and personally I expect it to end up multiple x's above peg.
The $SVN public sale is raising about $800k of $MMF. 40% of it will be burned immediately, 20% will be added to liquidity, and 20% will be reserved.
This means $SVN starts at a very low cap and personally I expect it to end up multiple x's above peg.
Overflow Raise Model -
When contributing the team will allow anyone to contribute as much as possible and then split the 1.5M $SVN tokens evenly based on $'s contributed.
Doing overflow means this pool will most like be filled with 10%+ of $MMF circulation imo.
When contributing the team will allow anyone to contribute as much as possible and then split the 1.5M $SVN tokens evenly based on $'s contributed.
Doing overflow means this pool will most like be filled with 10%+ of $MMF circulation imo.
Tomb Risk -
Normal forks have large risks of losing peg and zero treasury to support peg.
The @MMFcrypto team is committing $1M to defend the peg of $SVN which is larger than the starting market cap from the token sale... no risk at launch ๐
Normal forks have large risks of losing peg and zero treasury to support peg.
The @MMFcrypto team is committing $1M to defend the peg of $SVN which is larger than the starting market cap from the token sale... no risk at launch ๐
I really think that this can kick off a new era of tomb forks where we are pegging to larger ponzis which increases risk but allows for a much larger reward.
$MMF also gets utility from this with the deep liquidity and will have an interest in $SVN holding peg longer term.
$MMF also gets utility from this with the deep liquidity and will have an interest in $SVN holding peg longer term.
Similar forks -
We've seen several Tomb Forks make it to the $45M+ MC's alone and Tomb itself reached $1B TVL. $SVN has the potential to hit the $40-50M mark with actual utility and I'm personally very excited to see where the team takes this.
We've seen several Tomb Forks make it to the $45M+ MC's alone and Tomb itself reached $1B TVL. $SVN has the potential to hit the $40-50M mark with actual utility and I'm personally very excited to see where the team takes this.
Other Info -
There are several things worth touching on that make the team stand out like $MMO tokens, Meerkat NFT yield boosting, and the gaming platform.
I'm bullish on this team just from seeing how much they've integrated into this platform in just a few months.
There are several things worth touching on that make the team stand out like $MMO tokens, Meerkat NFT yield boosting, and the gaming platform.
I'm bullish on this team just from seeing how much they've integrated into this platform in just a few months.
Disclaimer -
As always, there is a risk that my thesis is wrong or doesn't work out so do your own research. None of this is financial advice.
Good Luck and Enjoy!
As always, there is a risk that my thesis is wrong or doesn't work out so do your own research. None of this is financial advice.
Good Luck and Enjoy!
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