Correction: 3 Trading time is advanced.
Let’s simply calculate the expected return of this #Launchpool #新币挖矿 #Saga participation using #FDUSD .
fdusd Current circulation: 3.385 billion (04-05 23:00)
I went to the BVEM airdrop yesterday, and didn’t have time to look for the project information of this launchpool. I haven’t read the white paper carefully yet. It seems very impressive technically, but I don’t know if the actual implementation is the same as said.
$FDUSD Pool daily output: 2,250,000 $SAGA
Number of tokens deposited in the fdusd pool: 2.709 billion.
Deposit 1000 fdusd, you can get daily: (1000 / 2,709,000,000) * 2250000 = 0.83 sage
Briefly talk about the project: Saga is a multi-chain (supports different virtual machines, such as Ethereum's EVM) interaction protocol in the Cosmos ecosystem. There is a chainlet that I don't understand, it feels a bit like a distributed system in Web2. Since the main network has just been launched, there is no ecosystem yet, and it will take some time to develop.
If you read the project white paper specifically, you may have some misunderstandings. If there are any mistakes, please feel free to correct me.
Token usage:
Staking. Like other chains in the cosmos ecosystem, it has the most basic token staking function (protecting the network and obtaining considerable returns), but it seems that it has not been opened yet, and the official website has not been found, and the chain has not been found on the keplr wallet.
Governance. Same as above, voting on community proposals.
Gas fee. However, it is for applications in the on-chain ecosystem. Gas is collected from ecological applications, and applications can define the gas fee type themselves, such as the native sage token, or other tokens.
The initial circulation (9%) is mostly free (launchpool 4.5%, airdrop 1.5%), and since I am optimistic about cross-chain protocol chains, it may be overestimated. Finally, assuming that the circulation market value after listing is about $270 million, the estimated coin price is about $3, and the total circulation market value is about $3 billion.
(Please note: This mining will last for 4 days! From 08:00 on April 5 to 07:59 on April 9, 2024, Beijing time)
The expected daily return for every 1000 fdusd is: 0.830 * 3 = 2.49 $
The expected annualized rate of return is: (2.49 / 1000) * 365 = 90.88%
The expected return on capital for this launchpool is: (2.49 * 4) / 1000 = 0.996%
Trading opening time: Beijing time 2024-04-09 16:00
The data is for reference only, please refer to the actual data!
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Calculate the interest costs incurred during the pledge process and the cost impairment caused by exchange rate fluctuations that may occur after or even before the end of the activity
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Total quantity: 1,000,000,000 SAGA (1 billion).
Initial circulation is 9%, 90,000,000 (90 million). Of which Binance launchpool accounts for 4.5%, 45,000,000 (45 million). The composition of the initial circulation is a bit confusing, but it is said that a considerable part of the initial supply is reserved for future fundraising, which should mean that it will not be used for the time being, except for market makers.
Reference data sources for this article
