Let's talk about @MEVprotection!
$vCOW / $COW token swapping just went live and there is a ton of opportunity to get in on a blue-chip AMM.
I'm normally not bullish on buying airdrops but I've been super impressed by the $COW setup.
Thread ๐งต
$vCOW / $COW token swapping just went live and there is a ton of opportunity to get in on a blue-chip AMM.
I'm normally not bullish on buying airdrops but I've been super impressed by the $COW setup.
Thread ๐งต
There are two threads that have made their rounds regarding $COW / $vCOW, both are from @kamikaz_ETH.
Starting with this thread pointing out how tiny the circ MC will be and a price prediction of $4.67. Keep in mind pre-launch buyers scooped at $.15 ๐ณ
Starting with this thread pointing out how tiny the circ MC will be and a price prediction of $4.67. Keep in mind pre-launch buyers scooped at $.15 ๐ณ
In a more recent thread, $GNO becomes a way to also capitalize on $COW and the upcoming $SAFE airdrop for $GNO holders.
$vCOW claimers with smaller bags all were pushed to $GNO to save fees and liquidity will be added there as well.
$vCOW claimers with smaller bags all were pushed to $GNO to save fees and liquidity will be added there as well.
My thoughts...
With only 15% of the total supply (1B $COW) being available for launch at $.15.
Airdrop = 10% of supply and Gnosis DAO gets 50% of allocation unlocked for GNO holders. DAO should take days to distribute
$.15 x .15 = $22.5M Circ. MC
forum.gnosis.io
With only 15% of the total supply (1B $COW) being available for launch at $.15.
Airdrop = 10% of supply and Gnosis DAO gets 50% of allocation unlocked for GNO holders. DAO should take days to distribute
$.15 x .15 = $22.5M Circ. MC
forum.gnosis.io
This MC doesn't account for tokens the team plans to add to liquidity.
According to CIP-4, the team plans to use $10M for liquidity on launch. In the discord, the team has been ignoring questions on what price liquidity will be added...
snapshot.org
According to CIP-4, the team plans to use $10M for liquidity on launch. In the discord, the team has been ignoring questions on what price liquidity will be added...
snapshot.org
$COW launched on $UNI this morning as a community member added liquidity around $5.
To my understanding, the team won't be adding liquidity until April 1st when CIP-6 passes (March 31st).
To my understanding, the team won't be adding liquidity until April 1st when CIP-6 passes (March 31st).
The CoW DAO Treasury is massive enough to add liquidity at $.15. This adds 330M to our original circ supply calculation making the circ MC $72M and FDV $150M.
The current price of $2, the team would only need to add 25M $COW for 10M of liquidity. $72M MC & $1.95B FDV
The current price of $2, the team would only need to add 25M $COW for 10M of liquidity. $72M MC & $1.95B FDV
What is under/overvalued for $CoW?
When looking at @MEVprotection volumes, last month their lowest day was $11M and the highest was $117M.
This gives a pretty good bar on the amount of use the protocol gets daily.
$CoW Dune Analytics: dune.xyz
When looking at @MEVprotection volumes, last month their lowest day was $11M and the highest was $117M.
This gives a pretty good bar on the amount of use the protocol gets daily.
$CoW Dune Analytics: dune.xyz
Comparing $COW to other DEX/AMM's across chains it easily stacks up with some of the volumes of protocols like $BNT, $JEWEL, and $KNC.
All of these have circ MCs of $325M+ which is still 3x+ from the current $CoW price.
All of these have circ MCs of $325M+ which is still 3x+ from the current $CoW price.
FDV isn't actually a meme and dilution does matter.
When looking at these three projects, two of them have FDVs around 2x their circ MC. $JEWEL on the other hand has an FDV of 7x circ MC and is probably a reason for their struggling price action...
When looking at these three projects, two of them have FDVs around 2x their circ MC. $JEWEL on the other hand has an FDV of 7x circ MC and is probably a reason for their struggling price action...
There will be a massive liquidity incentive program that kicks off soon. Depending on how well it is structured and where liquidity is added, I think $CoW is a massive buy.
This team has built this project the right way and put a ton of time/thought into this launch.
This team has built this project the right way and put a ton of time/thought into this launch.
There will also be incentives for holding $CoW. Whales will be accumulating to save trading fees on one of the top AMMs on ETH.
This should help the investment pay for itself quickly for whales who use the platform.
This should help the investment pay for itself quickly for whales who use the platform.
Side Note -
They also will be launching NFTs for individuals who bought options that vest over 4 years. The @MEVprotection team claims they won't have much utility but I could see them going a route to DPX NFTs long term. Accumulate...
They also will be launching NFTs for individuals who bought options that vest over 4 years. The @MEVprotection team claims they won't have much utility but I could see them going a route to DPX NFTs long term. Accumulate...
Hopefully, this thread helps a few of you make decisions on how to play the $CoW airdrop.
I'll be watching this one closely but overall I'm super bullish on the project.
GL!
I'll be watching this one closely but overall I'm super bullish on the project.
GL!
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