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Boop.Fun leading the way with a new launchpad on Solana.
Metadao has grown to be a playground structure for community-owned and controlled tokens.
With over $1m in revenue generated already, this feels the next big ICO based platform in crypto.
With $AVICI, the lead runner from @MetaDAOProject, giving investors some really juicy gains, other projects launching there could be a profitable venture.
One of them recently launched is @solomon_labs.
What are they all about?
They’re building rails where you own your dollar, earn yield by default, and access all the upside of stablecoin PMF through a fully composable asset throughout Defi.
Their ICO was 50X oversubscribed as they intended to raise $2m USD.
At the end of the raise, they had to cap it at $8m USD Raise with investors investing at a price of $0.8 and initial FDV of 20.8m with all investors receiving 92% refund on their investment.
It's launched already and is currently at $1 and $25m fdv (so investors are barely up).
Market conditions may be unpredictable, but this is one that should go up slowly with such conditions and violently once the markets enter a full green mode.
The tokenomics of the $SOLO are performance-based.
Only 10m tokens were sold for the ICO, with a total supply of 25.8m tokens.
Metadao platform will be allocating 12.9M tokens to the team, but vesting only unlocks if token price hits 2x / 4x / 8x / 16x / 32x the ICO price
ICO Price = $0.8
This means the team has to make sure they put in the work to send it higher with time.
Also, there's no inflationary supply mechanism adopted, but a deflationary mechanism is applied through potential treasury buybacks if price dips below ICO price, creating natural demand and downside support if buybacks trigger
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