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Price Prediction for Xociety ($XO) - A Project on Sui to Be Listed on Binance Alpha
Xociety is a shooter game on the Sui blockchain, with a funding round backed by Mysten Labs, raising $7.5M. Based on Frogling’s gaming experience and research on the project, it can be considered the most playable game on Sui at the moment and is expected to soon be available on SuiPlay.
The project has announced its tokenomics, with a total supply of 5B XO tokens and an initial market cap at TGE (Token Generation Event) of 15%, equivalent to 750M XO tokens. Within this 15%:
▪️Only 1% is allocated for airdrop (for early users, this accounts for 10% of the total airdrop for early users, with the remaining 90% distributed over the next 9 months, at 10% per month).
▪️14% is reserved for liquidity and listing. In the context of the current market’s low liquidity, Xociety has made a smart move by allocating a significant portion of tokens for Bybit and Binance Alpha. To me, this is a positive signal, as getting listed on Binance Alpha requires the project to commit to liquidity of over $1M.
XO Pridiction
To estimate the valuation of XO at TGE, I tend to compare it with two recent projects on Sui that also participated in Binance Alpha: Haedal and DeLorean.
The DeLorean project ($DMC) was listed on Binance Alpha yesterday with a starting price of $0.017, three times its current price ($0.0058). The highest price after the initial dump was $0.0088, corresponding to a market cap of around $30M.
Given some similar characteristics, Frogling predicts that XO will likely have a similar market cap ($30M), which would place the price of $XO around $0.04.
For a more accurate prediction, we’ll have a clearer picture tomorrow after Binance Alpha announces the airdrop allocation for users.
What’s your price prediction for XO? Leave a like and comment below! 1 reply
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