Yesterday, @SuccinctLabs announced a transfer of 354 million $PROVE tokens (35.4% of the total supply of 1B) after the snapshot. Speculation about the airdrop shares has divided into two camps.
Optimists: Firmly believe that the second place with a 10.5% share belongs to the airdrop address, as their wallet has 14 transactions of 1 $PROVE for testing.
Conservatives: Estimate that about 4% is for the airdrop share, as the token distribution can only be accurately calculated after the snapshot yesterday.
The 23.8257% is definitely for treasury ecosystem incentives, while 6.9413% could be for investor/VC lock-up. The remaining 4% should be for team lock-up, liquidity pool, partners/advisors, staking/proofers pool, marketing/growth fund, and so on.
Either it's 100 million $PROVE, and everyone celebrates.
Or it's around 40 million $PROVE, which is also acceptable.
The breaking time is said to be the 29th or the 30th, and if the breaking is the TGE, then there might be new token-related news this week?
Guess which of these addresses is most likely to be the airdrop address for @SuccinctLabs? ()
Some pessimists say it's the 2.5% one, but I feel that's impossible. The airdrop ratio for large projects is generally between 5% and 15%; large projects have some pride. Moreover, generous airdrops are beneficial for the market direction when the strength allows.
For example, the "50 Largest Airdrops" report from CoinGecko mentions: UNI 15%, DYDX 7.5%, 1inch 6%, ARB 12.5%, OP 5%, ENS 25%, Blur 12%, TIA 6%, STRK 9%, zk 17.5%, W 11%, etc. APT indeed only has about 2%.
Also, don't bring up Lagrange, saying its airdrop is a fraction of a percent; that's shameless, they should sit at the dog’s table for meals.
If the circulation is around 20%, I lean towards the fourth address. If the circulation is only around 10%, I lean towards the seventh address.
Anyway, I personally think that this market's token issuance, the total value of the Succinct airdrop should be around 100 million dollars. There's still a week left, looking forward to ETH breaking 4000 or even 5000, and the Succinct airdrop will be very large!
45.84K
54
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.