Lots of runway. Usually tokens are down to 5-10% of supply by the time they hit 1 mil mcap. The goal with our launch strategy was to have a better distribution and more fair launch than what we normally see.
Bundling essentially accomplishes the same thing, but even if perfectly executed they either waste money or create a dump risk. By raising our starting price and reducing the supply, it’s as if a bundle had occurred and the tokens were burned.
In addition to the benefits of launching at a higher mcap, we also have lp fees (similar to creator rewards) which are being used to support the project.
So far we have done a 0.26 wbtc buyback, and burned 4% of the supply. This helped fortify the LP and also trapped wbtc in the pool forever. Earlier today some of the yield was used to long Bitcoin, and the profit was used to pay for market making. The more volume we get, the more we can do.
The ultimate goal is to show how to be sustainable, avoid supply control issues, demonstrate the value of using Bitcoin as a store of value, and to add value to Bitcoin itself.
Total overhead so far has been approx 0.25 sol. From that we burned 0.5 Bitcoin lmao. I think the strategy is going to work as long as people can understand.
$Satfi is a fair pvp battlefield, and as the war wages on, we raise the floor.
(PvP)vE
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