Thread by @TheVisionEx

I did the math on the upcoming $APE token from @BoredApeYC. Here's some nonsense speculation in a thread.

#MAYC #BAYC #Bored

Let's suppose that the Bored Ape token (maybe Yuga token) reaches a top-20 position in the crypto market, as one of the world's most recognized NFT brands with the largest collective following.

$10.8 Billion Total Market Cap.

30,000 Bored + Mutant Apes.

360,000 Each. (more...)

We know that certain Apes haven't used their Mutant Serums yet, meaning the total quantity is less than 30,000 members.

We also can suppose that the @yugalabs team is smart enough not to cause a shock in their markets. Not all tokens will be immediately distributed for the DAO.

If we assume that Apes get 2/3 of tokens and Mutants get 1/3 of tokens, and half of all supply is distributed immediately, with the remaining being distributed over 5 years, this makes the ecosystem healthy.

1-2% of total liquidity is held by the team possibly for Marketing/DAO.

So now where are we? 10k Bored Apes at 2:1 reward, plus 20k Mutants (less Serums remaining).

This is roughly 50% for all Apes, 50% for all Mutants.

5.4 Billion per pool.

$540,000 for every Ape, $270,000 up front.

$270,000 for every Mutant, $135,000 up front.

So how does this all compare to current cost/value of these assets?

Bored Apes "floor price" is currently ~70 ETH (~$267,400)

Mutant Apes floor is currently ~15 ETH (~$57,300)

This projected figure shows undervalued NFT assets across the board. How did I get here?

Just 45 days ago I received a $GODS airdrop on a $15,000 investment for $50,000 worth of GODS and $IMX tokens. They aren't nearly as well known.

What does this all mean for your #BAYC and #MAYC NFTs?

Your Bored Ape is worth a minimum of 140 ETH with this estimate, counting only the token airdrop.

Your Mutant Ape is worth a minimum of 70 ETH.

We're all going to make it. See you in Q2.

Oh, one more thing. Does an $APE token overtake $DOGE and/or $SHIB?

If so, these numbers are actually wildly low...