$GMX, $MMY today is paying much attention on the town.
I stumbled across #POISON perfectly aligned with the #realyield trend, which I have tracked since the inception of this project.
$SNX - MC: 321M
$POISON - MC: 357k
A thread @PoisonFinance ✍🏻
1️⃣ About @PoisonFinance
Poison Protocol is a Decentralized Multichain Synthetic Assets issuance built on Arbitrum.
Posion enables users to trade stocks, commodities, Etfs on blockchain.
2️⃣ Tokenomics
🔹Token metrics
💥Ticker: POI$ON
💥Total supply: 12,610,000 POI$ON
💥Initial Supply: ~2,250,000 POI$ON
💼Emission: 3 POI$ON/block (first month); 1 POI$ON/block (next 4 years)
🔹Token sale rounds
💥Private price: $0.02
💥Public price: $0.03
💥Listing price: $0.04
💥No team tokens
💼All the token sold in presale has been released at TGE (18%) and the rest (82%) will be minted over 4 years as a reward to Lp staking.
🔹 Token use cases
Staking to receive voting privileges
Provide liquidity to earn a juicy reward
Earn a share of Vault withdrawal fees in $USDC (realyield)
💼The most concern with tokenomics is the high inflation for the 1st year (42%)
3️⃣ Upcoming roadmap
A few insights to expected
⚡ #BSC integration
⚡ Defilama listing
⚡ New LPs, tocks listing
⚡ Real yield in $USDC reward
⚡Marketing stragies
4️⃣ On chain details
💥Circulating Supply: ~2,460,000 POI$ON
💥MKC: $363K
💥TVL: $110K
💥Holders: 367 addresses
5️⃣ Should we APE
In sumerize, Here are the things to APE consider
⚡ Realyield narrative
⚡ Lowcap ($300K MKC)
⚡Contract audited by @SolidityFinance
⚡ Emission reduced after TGE 1 month
⚡ High inflation in the 1st year
By utilizing synthetic assets, the idea of poison is exceedingly intricate, so poison has ample to do.
However, with real yield mechanisms and the high demand for real-world assets on the blockchain, Poison has a tremendous scope to explore in Defi.
Always DYOR and NFA.
Tag some influencer
@Mikee_93
@RiddlerDeFi
@ElCryptoDoc
@CryptoKaduna
@SamuelXeus
2x $POISON
@PoisonFinance Better entry now #POISON
@PoisonFinance Like $Y2K, $POISON takes time to accumulate
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.