The profits from your locked positions cannot make up for the gap in the discount!

What is $THE and why is everyone hyping it? Is it worth buying?

First of all, THE is a ve33 model. Unlike traditional dex, the biggest feature of the ve33 model is that all income from DEX is attributed to ve33 lockers

Simply put, if you stake and then lock the position within the specified time, LP will directly reward $THE. The higher the price of the coin, the higher the value of your reward will be (personal opinion)

The project is not a traditional PvP project, but more like a multi-party game, because the project party that launched THE will also purchase THE lock-up votes to build a pool apy, and he himself holds THE, so naturally he will not smash THE

Previously similar projects also had good returns, such as Aero on the Base chain, with a weekly income of US$8 million, a circulating market value of approximately US$800 million, and a total market value of US$1.7 billion.

At present, the circulating market value of $THE is about
50 million US dollars, with an income of about US$350,000 last week, and theoretically there is still room for growth of 8-15 times.

The reason for the hype of this project
First, the return is indeed good. At present, the average lock-up of THE's stakers has reached 1.78 years, and the maximum lock is two years. It is basically equivalent to permanent lock-up, with a lock-up ratio of nearly 80%. The lowest annualized return of lock-up can be maintained at 35-40% apy when the trading volume in the bear market is at its lowest point. (Large funds are most likely to lock up and earn interest after hedging)

The second point is that Binance has also invested in $THE. Binance has been reconstructing the bsc ecosystem and reshaping the bnb on-chain trading model, which shows that Binance recognizes his model.

The third point is that too many projects were PvP before, and everyone was tired of playing and wanted to try a new way of playing.