My 2cent on memecoin by 9GAG launching on binance

P.S. they are launching in 2-3 hours

My 2cent on memecoin by @9GAG launching on @binance

• ▶️ market impact

• ▶️ valuation

• ▶️ ido performance

• ▶️ key dates to exit

P.S. they are launching in 2-3 hours

❓What is meme coin by the @9GAG

Pure meme project by no utility no roadmap no promises

They had a "firesale" raised 7.5m @ 69m fdv

U basically only have access if u have their nft

📍No mention of initial mcap

but assuming from firesale fdv price x initial supply

the initial mcap will be 8.8m+

With reference of the recent memecoins

• - dogecoin 9.5b

• - shiba 4.5b

• - pepe 400m

• - babydoge 175m

• - BITCOIN 117m

📍Quick assumption on memecoin

• 🐂 Bull case 400m mcap

  memecoin will 50x at 0.05 per token

• 🐻Bear case 100m

  memcoin will 12.5x at 0.0125 per token

reference its currently trading at 0.037 on bitmax futures right now

the initial supply is

2% binance launchpool

2.75% community ( firesale unlock )

5% airdrop

3% ecosystem

📍My comment on the coin

• ▶️ Respect @9gagceo ability to carry a web2 team into web3

• ▶️ fire sale ( initial community with 25% unlock basically sure win )

• ▶️ highly profitable business model for web2 brands, fundraised + token upside

• ▶️ Rare case of sucessful web2 brand able to penetrate web3 from nft to toke

• ▶️ prob the only other NFT related project with token sucessfully, or maybe they will start a trend

• ▶️ it's the brand + team + execution

Risk of "investing" this coin

• ▶️ 1.5% of total supply vesting in a month

• ▶️ unclear emission on ecosystem

• ▶️ overall very high emission rate

• Potentially very short trade if u don't plan to clue to the ecosystem n continue to follow the ecosystem, buy n hold is risky

Just for reference,

apecoin's inflation rate is 52% yearly vs memecoin 349%

ape per month around 2-3% vs memecoin's approx 20%

So watch out for hold n get diluted

*using ape coin as reference because nft memecoin category

My 2cent

• ▶️ We still have tons of degen & nft guys just want to deploy money, they just need a better narrative.

• ▶️ If 9gag continue to build some hidden farming game in roadmap to boost their NFT price

  nftfi might have mini come back

• ▶️ BNB launchpad magic is disappearing, yield likely low if using my assumption on valuation

  napkin math

  say total staked = 2000M (38M + 38M + 11M * 220$)

  Total reward = 2.5% of total supply

  MCAP = 300M

  300M*2.5% / 2000M * 12 = 4.5%

  

I am not a very good memecoin trader but i like to look at trends and always a big fan of the @9GAG app special the NSFW lmao

anyways just quick thoughts on a boring friday, happy degen guys

come chat if u want to