2/ Now that you know what the project is and see its potential here is what the team has planned. They already have $MMUSD pegged to $MUSD. They also have an $SVN pegged synth token coming as well. These I'm sure are the precursor (I hope) to some more attractive synths like...
3/...gold, Tesla stock, or something along those lines. They also plan on releasing a #P2E game within a month after launch. Its been about 2 weeks since they launched so hopefully we see something coming in the next 2-3 weeks. This creates even more demand for $MNG. Also...
4/... The game will have #NFTs that you can use to boost farming rewards this will come out within the next 60 days. They also stated they plan on increasing the collective lineups related to each synthetic tokens. They also plan on using $MNG for governance votes.
5/ The team doesn't want to release details on the game before the whitepaper is complete. They also just announced this morning a partnership with Cronos Casino. Where $MNG will be used to play. More synth tokens, casino, and #P2E Game will create more demand for $MNG.
6/REAL question is how much can demand go up? (i.e. how high will the Market Cap go up?). Its $466k rn. 5mill/15mill/25mill? Lets go with the smaller figure. If it goes to a 5mill MC that's a 10/11x from where we are now. Favorable risk-reward?
7/ So a lot activity happening in the near future for @SaharaDao ecosystem. All of these things mentioned are coming in Q3. If they can deliver, they would have begun to cement their trust within the community and build on top of that. Demand for $MNG incoming...
8/ So far, all good signs. They have been shipping product already (also announced vaults today) and active on the social front, engaging with the community members. This seems like a great project with a packed roadmap building, what seems to be, real value in the coming weeks.
9/ ⚠️ Caution:
This is a third-party team that #MMF is supporting heavily. However, we have had some of these projects not work out the way we hope. Certainly, this project has SO MUCH potential if the team wants to/can take it the distance...they can be BIG on #cronos.
9/ Always good to remind yourself of and acknowledge the risk even with potential.
Question is: Can they deliver?👀 Something worth keeping an eye on. Will share any updates I uncover. Im bullish! 😤
Is @TectonicFi worth a second look? Should you invest in $TONIC? Welcome to the deep dive where we discuss it all. Here’s everything you need to know and my honest thoughts on the project. Buckle up 😎😬
A thread 🧵 👇🏾:
1/ Lets start from the top down. What is @TectonicFi? It’s a cross chain algorithmic money market. Tectonic allows users to lend and borrow crypto assets. They are also supported by @cronos_labs (@cryptocom’s start up accelerator program). So you supply liquidity and earn…
2/…passive income. $TONIC is the governance token for the protocol. Aside from governance, $TONIC can be used to secure the protocol through the Community Insurance module. This module is designed to function as a line of defense for the protocol against any shortfall events.