@margincalledg
It is important to mention that the Aerodrome Ignite launchpad has nothing to do with PA.
1. veAERO voters provide liquidity in exchange for emissions.
2. Voters get only 1% of supply first week. Normally that does not impact the price too much.
3. First person to deploy liquidity into the pool decides at what price it gonna launch.
If there is a total supply of 1000 tokens and someone gets rewarded 10 tokens for his vote, he can pair it with eth/usdc.
Lets say he pairs the 10 tokens with 1000$ that sets the price to be 100$.
(At least that’s how understand it, someone from team might confirm or give new information)
4. The following PA is decided by market participants.
5. The more important stat is the implied price. You can find the formula below. This is basically the price you should focus on.
I think the performance of the first two tokens $SYND and $LITKEY is caused by bad market conditions, not enough marketing and complexity of the projects.
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