Thread by @Romsty23

$BLANK Thread 🧵[with infographics🔥]

DEX Wallets are being more and more adopted. In a niche dominated by @MetaMask & @TrustWallet, let's find out what @GetBlockWallet has to offer👀

1/ What is @GetBlockWallet?

BlockWallet is a private, non-custodial browser wallet. It's an alternative solution to @MetaMask and @TrustWallet.

$Blank is their utility token.

But before we jump into tokenomics, let's find out what do they have to offer...

2/ BUILT-IN BRIDGE

You can move your tokens from one blockchain to another, right inside of BlockWallet wallet.

You don't need any third-party protocol to do it. They use @lifiprotocol service embedded.

3/ PRIVACY PROXY

As you can in the animation below, @GetBlockWallet protects your IP address and personal data.

Interestingly, as I write this, everyone is talking about @MetaMask starting to collect users' IP addresses.

#NotSurprised 🤷‍♂️

4/ PHISHING PROTECTION

This doesn’t mean you're 100% safe, but it's a great feature to help you to not get scammed💪

5/ FLASHBOT PROTECTION

Stop losing money to front-running bots 🤖

6/ SERVICE PROVIDERS (nodes)

@MetaMask uses @infura_io as the only service provider, and because of that is exposed to just one solution to be operational.

@GetBlockWallet uses 5 different protocols: @omnia_protocol, @AlchemyPlatform, @QuickNode, @MoralisWeb3 and @ChainstackHQ

7/ COMPETITORS COMPARISON

There's a lot more features to be analysed but here's a quick comparison between @GetBlockWallet, @MetaMask and @TrustWallet.

8/ $BLANK

As you can see, @GetBlockWallet seems to be a great alternative when compared to direct competitors.

Buy how about their token $BLANK? Does make sense to investment on it? Let's find out:

9/ $BLANK UTILITIES

For now, there are 5 obvious utilities, but many more will come with new developments...

10/ SUPPLY INITIAL DISTRIBUTION

Private Sale Price: $0.0515
Public Sale Price: $0.064

11/ $BLANK Supply Today [1/2]

Over 90% (>113M $BLANK) of the supply is unlocked🔥

If you go to @coingecko the supply in circulation is about 40M $BLANK.

12/ $BLANK Supply Today [2/2]

Personally, I don't think it makes sense to ignore all of the unlocked supply just because more than half are still in the vesting wallet.

All that supply belongs to the team for marketing, development, rewards, etc...It's available to use anytime.

13/ $BLANK LOCKED SCHEDULE

Less than 10% of the total supply is locked. Here's the schedule release.

All the public and private sale tokens are in circulation by now.

IMO it's not expected to see the team dumping $BLANK at the current prices.

14/ BURNING MECHANISM 🔥

Right now, 0,5% of every swap and bridge transaction is collected as a fee.

This will helps $BLANK to be deflationary and sustainable in the long term.

50% - Is Burned🔥
50% - Go to Liquidity Providers as reward

15/ BURNING FORECAST [1.1/3]

At this moment, @GetBlockWallet volume is "irrelevant" when compared to @MetaMask but...

Let's assume 3 different scenarios:
- 0.5%;
- 1%;
and
- 5%
of @MetaMask yearly swap volume.

15/ BURNING FORECAST [1.2/3]

IMO, this forecast is quite conservative in the long term (even the optimistic view)👀

Why?
- More DEX Wallets adoption;
- Away more volume in the future;
- People will search for alternatives to not so "DEX" solutions like @MetaMask or @TrustWallet

16 BURNING FORECAST [2/3]

If $BLANK price goes up, harder will be to burn tokens.

But that's ok... lol

Their goal it's not tu burn tokens. It's just a good consequence of their success.

17/ BURNING FORECAST [3/3]

Here you can see how long it will take to burn 50% of the total supply if @GetBlockWallet can get up to 5% of Metamask yearly swap volume.

Don't forget that just 50% of fees are burned.

18/ I didn't find very straightforward how the community can track transparently the FEES Volume.

However, theres a link in the end of this thread that you can follow the fee volumes (not in real time tho).

19/ MARKETCAP POTENTIAL GROWTH

$BLANK has a potential growth of 100x when compared to the market cap of $TWT (TrustWallet Token).

Please don't forget I'm counting ~90% of the supply already in circulation. If you follow the team's logic, the current MCAP is around $3.6M.

20/ IF BURN TARGET REACHED 🎯

If 50% of the supply is burned, then there's room for the price to grow 90%. Assuming the same current marketcap.

If 50% of the supply is burned, then there's room for the price to grow 181x when compared to $TWT current marketcap.

21/ CONCLUSION

@GetBlockWallet wants to fight directly with Metamask and Trustwallet.

Privacy, Security and a good UX seems to be their focus right now.

If you have anything else to add regarding @GetBlockWallet just let a comment below🙏

21/ Disclaimer:
I wasn’t paid or received any kind of incentive by the team or anyone related with them to wrote this thread 🧵.

Yes, I do Hold $BLANK 💪.

This is not a financial advice. Do your own due diligence.

Relevant Links:
- Website: blockwallet.io
- Telegram: t.me/blockwallet
- Github: github.com/block-wallet
- Burned Tokens Wallet: etherscan.io/token/0x41a3db…
- Track Fees: zapper.fi/account/0x3110…