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⭐️BEHOLD THE HOLYGRAIL OF THE
Metis Bullish Narrative - THE FINALE 🏦
A speculatory overview of the @MetisDAO token.
#METIS, is an interesting case for those looking for undervalued opportunities in the cryptocurrency market.
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The MetisDAO token, or #METIS, is a governance token for the @MetisDAO LAYER 2 project.
#METIS is designed to provide holders with a number of advantages, including the ability to vote on proposals for the development and growth of the @MetisDAO ecosystem.
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⭐️TOKENOMICS
#METIS has a total supply of 5.4m & a current market cap of 97m as of January 21, 2023. It has a relatively low market cap and limited maximum supply of 10 million tokens, with 50% locked and only to be in circulation systematically in the next 9yrs.
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This suggests a bullish course for the token's future potential growth.
⭐️The Initial token distribution of METIS is as follows:
• 7.00% allocated to Founding Team
• 4.00% allocated to MetisLab Foundation
• 1.50% allocated to Advisors
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• 1.00% allocated to Angel Investors
• 3.00% allocated to Community Star
• 0.10% allocated to Gate io IEO
• 9.00% allocated to Community Development
• 6.00% allocated to Liquidity Reserve
• 6.00% allocated to Airdrop
• 0.20% allocated to Paid Network IDO
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The remaining tokens are to be minted for community benefits, early-stage rangers mining, upcoming discovery age, community development and transaction related mining.
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⭐️Additionally, it is important to note that all venture capital (VC) and seed tokens have been unlocked, meaning that the days of vesting unlock sell pressure are over.
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This can also be seen as a bullish factor, as it eliminates a potential source of selling pressure on the token's price.
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⭐️Most of the big token addresses you will see are LPs, Contracts, Exchange wallets, various vaults among others.
⭐️ Verdict:
Overall, the combination of these factors suggests a positive outlook for the future of the #METIS token.
Once everything aligns it'll go crazy.
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I predict that the price of #METIS will reach or surpass $1,000 in the near future. keep an eye! 👀
follow @MetisCharter for more enriching Metis ecosystem insights.
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