#币途社区每日谈币 #RCH #SOFA #RCH The goal is to publish a simple analysis of a currency and an analysis of the currency's short-term trend every day.
For everyone's analysis and reference only, learn and grow together, spend the bull market together, and win the future together.
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20240703 Daily Talk about Currency;
Today's currency sharing; RCH Long-term goal for more than 6 months == 20u-500 million full circulation market value
SOFA is a defi project that makes structured products
It has two modes: Earn and Surge
The Earn mode is to put the money deposited by users into AAVE to earn interest
Then use the interest to buy options to seek critical hits
Theoretically, it can achieve a very high annualized return
The Surge mode is to directly buy his structured products
The issuance of his token RCH is also quite interesting
Using the commonly used startup method of MEME
At the opening, a pool of several million US dollars was added directly and the LP of the pool was burned.
The transaction fee income of the SOFA project will continue to be used to repurchase RCH.
Yesterday, the actual number of users of the entire project exceeded 1,000.
This data is indeed quite good for today's defi projects.
The reason why I am more optimistic about it is that it meets the standards of some low-FDV projects mentioned by Binance before.
The project has some practical needs and can generate transaction fees.
After the number of users and user transaction volume increases, there will be a stable cash flow for repurchase.
The project party is still active and will update some functions from time to time.
The current market value is 28M and the pool is about 18M. The pool has been destroyed and there is no need to worry about RUG.
There is a small flywheel:
RCH price rises->SOFA "mining" income becomes higher->TVL increase will increase transaction fees->Repurchase of RCH with transaction fees will increase RCH price.
Finally, NFA, DYOR
Official website portal: sofa.org
White paper portal: docs.sofa.org/tokenomics/rch-scenario.html