1/n Fundamentals were great, but he sold it, missing 4x.

It's a story of $KP3R / #KP3R traders.

👇 2/n Background
#KP3R/ $KP3R was a launch token back in Oct 2020, by Andre Cronje.
Quick understanding of fair launch it: No fundraising. He deposited all tokens to a DEX for everyone to buy.
andrecronje.medium.com/keep3r-network…
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Many keep asking: What's the max supply? What's the inflation? But never asking how does it work? Who are competitors? Why would it succeed?

Why?

I don't know. The questions asked are most important for BTC/DOGE/SHIB, but not for #DeFi projects.

Here is why 👇 1) For #DeFi projects, you should ask more about who are the team? Are they reliable? Is the code good? How about the business model? Who are competitors? These are much more important than token supply/inflation.

Is tokenomics not important at all?

Yes, they are important. 👇

$OHM wants to become world reserve currency, by replacing $/BTC.

Does it have intrinsic value? Yes, but @ 20%.
Why 400% premium? The mission & APY.

Mission: Becoming world reserve currency.

Stake&earn: 1.17%/day. 7200% APY. Very attractive.

Thread👇

https://twitter.com/0xSato/status/1462617339690565632

Intrnsic value:
$810M/$4270M=20%.

$810M:Treasury
$2470M:Market Cap

But 20% is not fixed. It could be less than 0.1%. The bottom line is 1 $OHM >= $1.
OHM could be issued even without $DAI revenue in bear markets, decreasing intrinsic value of each $OHM.
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