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Market condition today. normal end of year cycle
Thinking of Skipping the @aztecnetwork Sale, And Why the Hesitation? There are a bunch of points causing huge doubts right now: • Large Sale Allocation: 15\% of the total supply is being offered for sale. • Initial Long Vesting: The initial lock-up is 12 months (or 90 days after a successful governance vote). • Uncertain FDV: No fixed Fully Diluted Valuation (FDV); the starting point is 350 Million Dollars. • KYC Undermining Privacy: The sale requires ZKPassport verification (a real drawback for a privacy project). • No Community Allocation: No airdrop for the community, not even for node runners. The main concern right now revolves around that initial 12-month lock-up period. Speculation suggests the team and investors won't have governance access during that window, making it highly likely the lock-up will be quickly reduced to 3 months via a vote. What's your take on this? Are you planning to deposit? What's your take on the risks and potential rewards?
monad chain user is attempting to find entertainment, while, conversely, some clever individuals are taking advantage of the situation to printing money.