Thread by @pwrflprsnts

If you're wondering why @Wonderland_fi investing in the seed of Betswap.gg makes any sense, or you have questions about what happens to $Time / #Wonderland when we transition to a rev share model in the future, come with me down the rabbit hole!

After weeks of leaked alpha, on January 6 it was formally announced that #Wonderland would be acquiring a large portion of @BetswapGG with treasury funds, effectively making Wonderland a seed round VC. medium.com/the-defi-wonde…

In this article the seed purchase was outlined. In all, the treasury invested $18.377 Million for just over 2 Billion tokens. About 25% of that is reserved for airdrop and staking distributions to $Time keepers and wMemo holders.

ALL holders of $Time, $Memo and $wMemo will be dropped about 20% (100MM tokens) equally in the coming days based on a snapshot taken at $Time's most recent bottom, yesterday Jan 10 at 8pm GMT.

https://twitter.com/0xSifu/status/1480663841206075397

The rest of the 400MM will be distributed via staked wMemo in the near future but details of that have not been announced yet.

Cool, free shit. But what does that have to do with $Time/#Wonderland's PRICE? Won't devs do something???

You see sweet frogs, devs indeed did something. As of this moment (1pm EST) the $BSGG token has launched and is currently at a price of $0.125 less than 12 hours after launch. In that $Time, wMemo backing has risen from just over $50k to (I swear) $69,420. That's quite a leap!

With wMemo priced at $86k, that is quite the discrepancy compared to the backing of almost any other comparable protocol. Thus, the god candle on the chart that has brought wMemo, at time of writing, to $95k. dexscreener.com/avalanche/0x4d…

As of now, the treasury's 75% share of the $BSGG tokens is worth about $197,400,000 making this move a NET $197,400,000 profit for our treasury on Day 1. That is completely excluding the 500MM tokens earmarked for airdrops and staking distro.

I have to stop now or all my numbers will be inaccurate but if you'd like to buy some $BSGG yourself, here is the AVAX version on Sushi: app.sushi.com/swap?outputCur…

$BSGG is also available on FTM: app.sushi.com/swap?outputCur…

And mainnet for fancy folks who love to set money on fire: app.sushi.com/swap?outputCur…

FAQ: Wen airdrop?
Soon™

Do I have to add token to my MeatyMask to get the airdrop?
No, but you can add the above contract IDs now so you'll see it when it shows up.

What is the distro?
Equal to all frogs with $Time, $Memo or $wMemo on FTM, ETH or Avax yesterday at 8pm GMT

What about Pendle, Morpheus, and other pools?
They've included everyone they can and I PROMISE you your esoteric hyper-bond staking loop was asked about in Discord.

What about minters?
This is still a bit unclear but they will not leave anyone out if possible

FIN

MIM pools have all the liquidity right now so make sure you swap with that. Happy to answer any other questions that I can.

Thanks to @danielesesta, @OxSifu and the rest of the @Wonderland_fi team.

The future looks incredible from where I'm standing.
✌️❤️🐸

Shit I pasted wrong. The net profit at the time was $179,063,000

$245,162,600 now!