A short thread below 👇
Do note that the @zilliqa reserves (~27% of circulating) continues to be soft-locked and will not be staked in the 1st year.
Hence, we can expect ~23% of circulating supply to float.
- Binance = ~29.4%
- Zilliqa + Anquan = ~27%
- Other exchanges = ~9%
- Cold wallets = 34.6%
This allocation will probably shift dramatically as more token hodlers mirgrate their $ZIL to cold wallets.
For perspective, $ZIL is currently trading ~$0.0216 on Binance.
We can expect T to increase when blocks are filled with staking and ZilSwap.io DEX txns aft. Q3, which both involves trading high vol. of $ZIL on-chain.
For perspective, the sweet spot for net deflation of M is > 55% avg filled block (or 132TPS for ZRC2 tokens).
TLDR: Long $ZIL. Stake it and use it on Dapps!
Disclaimer: Not financial advice. I held $ZIL since ICO from Dec 2017, so I am naturally a perma-bull.
{Fin}