1.25bn points pledged and IRIS has opened around the ~$100m mark.
This means that 100k points would have netted you ~$3k in the token allocation.
Now let's see how the pony rides.
Will you sell for the 10 day take profit cooldown, or stake for the next Virtuals Genesis launches?
Only an hour remains until IRIS goes live on @virtuals_io
We'll likely see a billion points bid in total.
This means that if you bid 100k points, and it hits $25mm market cap, then your allocation will be worth just shy of $1k.
Are you bidding or preserving your points?
h/t @Vader_AI_ for the calculator.
Statistics on the launch:
Genesis Launches on @virtuals_io Summary | $IRIS @UndercoverIRIS
Well there you have it Virgens, the 1st ETH launch for Virtuals was a massive success.
- At opening $IRIS did a ~555X ROI
- For the max allocation you needed 17M points. If you had that much points then congrats you are rich, as I am writing this this is about $214,000 and going down. (Double that amount for the ATH price)
- From about 2.5B in existence about ~1.3B of them got burned on the Iris launch.
- The total virtuals pledged to the raise make a total of $2.5M. (will make some stats regarding the total virtuals pledged on all raises to-date)
Not sure what else I can say, crazy stats across the board.
Congrats on the @virtuals_io / @UndercoverIRIS team and to the Virgens that got in.
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As always tyvm @VaderResearch senpai for the data.
@tuthanhan11 @virtuals_io STRATOS imo
1. Why we should rethink Portfolio Management
$STRATOS Virtuals Genesis; June 15th, 1pm UTC
Traditional portfolio theory is focused on expected return and volatility. The math is simple but myopic. Optimizing over arithmetic expectations does not lead to lifetime wealth accumulation.
Additive expected value optimizes for a single round of investing; it is focus on the geometric mean of returns that maximizes lifelong wealth.
Ruin is inevitable as arithmetic means misrepresent compounding effects. Each loss permanently impairs your capital base, making recovery almost impossible. ‘The truth lies in geometric returns‘.
In fat-tailed crypto markets, black swans strike often. ”Optimal" portfolios turn into catastrophe engines. Surviving the event cone—the complete set of possible future paths—demands prioritizing compounded annualized growth rate (CAGR), the true metric of long-term wealth accretion.
This demands buying insurance and convexity with options.
Unless portfolios are evaluated across all possible paths, tail events will truncate your lifetime wealth accumulation. Without options, disaster can and will strike.
( enjoy simulation feature in ‘ Odyssey of Fate ‘ ) to examine how CAGR under standard equity market return distributions is supported by option insurance: the only free lunch in finance )
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