#xai lock opening;
#Xai was developed to enable economic activities and open trading in next-generation video games. With #Xai, potentially many traditional players can own and trade valuable in-game items in their favorite games for the first time without the need to use a crypto wallet. Anyone can support the Xai network by running a node, which allows them to receive network rewards and participate in governance. Xai was developed by Offchain Labs using Arbitrum technology. source: coinmarketcap
I translated this and made some corrections for friends who don't know what#xaiis for, keep in mind.
Let's get to our issue, the lock opening;
First, let's take a look at the tokenomics "coin distribution", you can see it in 1 image.
đDAC & Nodes %42.1
đInvestors %20.8
đTeam %20
đEcosystem %7.5
đCommunity %5
đBinance launchpool %3
đReserve %1.62
Now, I need to say a few things here. I definitely review the coins I invest in for myself, from now on, I decided to make these reviews public because unfortunately, there is no review and research section in our investor profile.
This causes great disappointments afterwards. Unfortunately, we all see words like "we got it, we're ruined, we're done" under the posts of many people...
Oh, I'm checking to see if I'm making a profit :)) No, my spot portfolio is also at a loss, but it looks better and I think I will make a profit more easily when the rise comes. Anyway, cut the nonsense and explain :)))
Look how the#xaiteam made the distribution;
-Community 5% "you gave a lot bro :)!!!"
-Binance launchpool 3% "don't let it come too long!!!"
-The set is 20% "that's less, if you did it, it would only cut 30-40%"
-Ecosystem 7.5% "I wonder who does this benefit?"
-DAC and Nodes 42.1% "this place is very good, we will talk about it separately"
-Investors 20% "we printed the money and closed it for 3 cents, crew"
-Treasury 1.62% "let's do the rest like this, king"
Yes, if you ask why I wrote it so sarcastically, it's because I don't like the situation bro, can tokenomics be like this? For God's sake, you will distribute 8% to the nation and make an offer, and 3% of 8% will be delivered to Binance, it will distribute it, then you will divide the lion's share between the team and the angel investors, and the rest will be distributed to the game. etc. You will hold it in your hand to your feet (we will talk about this separately)
It's up to you, I don't want to comment any further and I'm going back to the main issue.
We will examine the tokens to be unlocked in 3 main groups, you can benefit from the second visual.
1-Investors
2-Team
3-Reserve
eee community????
No bro, community or something :)
1-Investors;
Investors have 20% of the distribution and will start receiving monthly payments. This initiative will start on 09.07.2024 and will end on 09.11.2026.
436k#xaitokens will be distributed every month and they will receive 3.12 million tokens in total
-It is unknown at what price they bought it, of course it is certain that it has a lot of zeros, it can be found by researching it, but there is no need to waste time.
2 teams;
The team has a 20% share because they worked hard and they will receive it in the form of monthly payments.
They start receiving payments on 09.07.2024. They will receive regular payments every month until 09.12.2027.
Every month, 528k#xaiwill be distributed to the team and a total of 3 million#xaifoods!! sorry, they will buy it :)
3-Reserve "Treasure";
A total of 243k tokens will be given to the treasury for 11 months starting from 09.07.2024. If you ask me what this treasury is, I don't quite understand it, I think it is something like a disguised appropriation.
Now, let's seriously interpret this situation here, that is, as it seems, coins will be distributed to an elite group with 0 or very low costs that can create serious sales pressure. I do not want to draw a very dark scenario here. Maybe it is a very important project, it will break new ground in the gaming world, etc. There is no vesting like this, brother!!!
Let's get to the really crazy part.
DAC&NODES 42.1% of all tokens
And here there is a situation like this, when and how it will be distributed is "untracked", that is, it cannot be followed, the reason for this is that there is a section to be distributed to those who set up nodes and within the game dynamics, there is no information about how much has already been distributed and to be distributed, because it is impossible to follow, they can open the locks whenever they want...
I don't find this situation healthy either. I looked on many sites and could not find the necessary detail.
If we look at the general situation,#xaihas a market cap of 102 million dollars and there are 277 million#xaiin circulation. According to coinmarketcap data, I said maybe we can find untracked coins by doing some math here. 8% is currently in circulation, 2.5 billion#xaihas a total supply of 277 million. It corresponds to 11%
đSo, 3% untracked coins have been distributed, it is not possible to trace them further, remember that coinmarketcap data is not very healthy either!!
Finally, as always, I will make my own comment. In general, I did not like it at all, nor how much coins will be distributed to whom, and the price is already decreasing during the upcoming lock period, as if confirming me, so wouldn't that be a good thing? Of course, there may be demand, if the market turns bullish, a lot of investors who do not have this information will invest in this coin and the price will increase, the supply and demand issue will become fomo, or the project will become a really useful business, it will break new ground in the gaming world and it will take off... As he said, what if it catches on? While the teacher was stealing yeast into the lake, that account...
My advice to my friends who invest in this coin is that there is a possibility of a selling pressure on the 9th of every month, make a note of this in your mind, this is an event that will last for 2-3 years, this is the 9th of every month and if it gives you the opportunity to escape, run away and do not look back.
There are many coins that have good tokenomics or whose entire supply is in the market. Even if#xaiworks with this structure, it will not be able to do much
Now, there will be people who are angry at me, as it has happened before, and even those who will curse me via DM. Thank you, I will write what I see, sorry brother..
đI ask for likes and retweets to motivate me to continue sharing like this. I have no other expectations from you..đ
đAlso, if you have any questions, write me and I will answer them all..
đAlso, if there are coin lock openings that you want me to review, write them down and we will do a survey and select them, then I will try to do the others, it takes some time, it is not possible to do them all in one day...
-Sorry if there are any mistakes or spelling mistakes.
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