Some analysis of the just-published $AVAX token sale. A thread 👇 https://twitter.com/avalancheavax/status/1276158765969149955
Be wary of claims like this that aren't backed up by a long-running public testnet.
It's well-known by now that perpetual issuance of some form is critical to securing a blockchain long-term. Fixed supply cap is a bug, not a feature.
7M of the aforementioned 720M max coins will be sold in the public sale 🤔
Can you spot the coins allocated for the public in this chart? (It's the tiny sliver over there!)
0.97% of the supply of coins are sold to the public. Let that sink in.
The real fun part: a minimum of "only" 2000 $AVAX is required to be a staker. If Avalanche had the same market cap as Ethereum, that's on the order of "only" $100,000 USD (give or take) 😬
Sale terms: 8/10, I've seen worse.
Sale terms with rice: 9/10.
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