The mining for Binance's $VANA pool has ended; let's estimate the returns and coin price this time as usual.
To be honest, the selection of withvana this time surprised many people, to the extent that there was almost no pre-market listing for $VANA; the token price can only be estimated by comparing it with similar AI concept chains in the market.
First, let's look at the tokenomics: the total supply is 120 million, with 25.07% circulating at TGE. The Binance pool mined 4% in 2 days.
From the token release model, the majority is allocated to the community, accounting for 16.17%, which is very generous for early supporters who participate in mining/hold NFTs; it's undoubtedly a significant allocation.
Recently, some newly launched projects that performed exceptionally well often pay great attention to their communities, and the community reciprocates through steadfast holding and participation in development, forming a positive cycle. VANA has not unlocked for investors and core members, giving benefits to the community, and the overall vision seems promising.
Let's benchmark the already listed $IO and $GRASS to predict the coin price.
$GRASS currently has a market cap of $930 million, with a fully diluted valuation of $3.8 billion. If we apply this to $Vana, the price would be $31.6 each.
$IO currently has a market cap of $517 million, with a fully diluted valuation of $3.3 billion. If we apply this to $Vana, the price would be $27.5 each.
Considering that BTC reached a new ATH today and the altcoin market is taking off, the sentiment is quite good. $VANA is not a hot project initially and hasn’t been targeted by airdrop hunters, and the V family members have shown a united front on Twitter, which may lead to a strong opening tonight.
If I had to guess, I think it might be $30-35?
Moreover, those who didn't manage to benefit in the early stages can consider participating in mining later, as the token distribution chart shows that the protocol continuously offers substantial token incentives to the ecosystem. After checking the documentation, here are some methods to participate:
1. Data contribution: Users can contribute their data to the Vana platform and receive VANA token rewards in return.
2. Participate in DataDAO: Users can create or participate in DataDAO (Decentralized Autonomous Organization for data), and earn VANA tokens through governance and contributions.
3. Staking: Users can stake VANA tokens to support the security and operation of the network and receive corresponding rewards.
4. Validator role: Become a network validator, participate in block validation and consensus processes, and earn VANA tokens as rewards.
5. Participate in ecosystem activities: Engage in various activities within the Vana ecosystem, such as development, testing, community building, etc., and also have the opportunity to earn VANA token rewards.
Some might ask if guessing $30 for the opening is a bit too optimistic; I’d like to add a few points:
1. VANA doesn't have many studios to mass airdrop (at least none that I know of), so the selling pressure from airdrops is slightly lower.
2. VANA hasn't signed many KOL investments, so the selling pressure from KOLs will be less than those who have signed.
3. The previous project $USUAL was hit hard after $SCR's damage, but the secondary market actually rallied, and many who sold might not be willing to buy at market price this time.
4. If $VANA is $20, the annualized mining for BNB is 115%; if it reaches $35, it could be 200%. Returns from the bull market pool reaching about 150% shouldn't be too unrealistic, which is around $30.
5. If the team is smart, they should control a considerable amount of airdrop tokens, taking advantage of the limited opponent's holdings and the current market sentiment to do something, of course, this depends on the team's vision. Honestly, the performance in the secondary market now far exceeds the impact of the team taking advantage of the airdrop.
In fact, after the Binance announcement, I saw many people criticizing, thinking that withvana is not of high quality. Some of the arguments cited clearly show that they haven't understood it thoroughly, as criticizing Binance (especially new coins) has become part of political correctness.
The best way to counter these criticisms is not to argue point by point, but rather to produce a strong bullish trend. Only then will the big players start to seriously see what Vana is doing and whether it is genuinely an AI project.
