Read on Twitter
1/
@AqillizOfficial, @xfers and @hg_exchange alone have the potential to lockup over 27% of the TOTAL supply of $ZIL (that's almost 6 billion $ZIL)!
Econ 101: reducing supply (with constant demand) will drive up price.
So why 27%? Why lockup $ZIL?
Let's explore.
@AqillizOfficial, @xfers and @hg_exchange alone have the potential to lockup over 27% of the TOTAL supply of $ZIL (that's almost 6 billion $ZIL)!
Econ 101: reducing supply (with constant demand) will drive up price.
So why 27%? Why lockup $ZIL?
Let's explore.
2/
$ZIL is fuel for network transactions. Growing transactions will increase the demand for $ZIL. There's another side to that equation: token locks-ups from growing usage will reduce supply.
But why would projects lock-up tokens?
$ZIL is fuel for network transactions. Growing transactions will increase the demand for $ZIL. There's another side to that equation: token locks-ups from growing usage will reduce supply.
But why would projects lock-up tokens?
3/
Think about how you buy gasoline for your car. You don't buy each time you drive, you fill your tank which covers several trips.
Its efficient and even has cost benefits when gas prices are volatile.
#Zilliqa projects will do the same thing with $ZIL, for the same reasons.
Think about how you buy gasoline for your car. You don't buy each time you drive, you fill your tank which covers several trips.
Its efficient and even has cost benefits when gas prices are volatile.
#Zilliqa projects will do the same thing with $ZIL, for the same reasons.
4/
How do we predict the size of a reserve? By modelling transaction volume and per transaction usage.
Projects will do this with experience running their operations. We will estimate based on a set of assumptions and using comparable services/market share.
How do we predict the size of a reserve? By modelling transaction volume and per transaction usage.
Projects will do this with experience running their operations. We will estimate based on a set of assumptions and using comparable services/market share.
5/
Assumptions:
- Smart contract transactions only (sends are really cheap)
- SC cost: 4 $ZIL each (avg of XSGD & Staking contracts, https://bit.ly/2Za2TCT )
- Treasury is for 3 months worth of use
- Ignore growth over time
- Ignore $ZIL inflation
Assumptions:
- Smart contract transactions only (sends are really cheap)
- SC cost: 4 $ZIL each (avg of XSGD & Staking contracts, https://bit.ly/2Za2TCT )
- Treasury is for 3 months worth of use
- Ignore growth over time
- Ignore $ZIL inflation
6/
First @hg_exchange
HGX is an exchange for non-public instruments (vs NYSE, NASDAQ, TSX trade public ones). Lets use a small exchange as a benchmark for volume (TSX): https://bit.ly/2NrllBI .
The result:
180,000 transactions/day
Treasury lockup : 64,800,000 ZIL
First @hg_exchange
HGX is an exchange for non-public instruments (vs NYSE, NASDAQ, TSX trade public ones). Lets use a small exchange as a benchmark for volume (TSX): https://bit.ly/2NrllBI .
The result:
180,000 transactions/day
Treasury lockup : 64,800,000 ZIL
7/
Xfers is currently doing 150,000,000 transactions/month ( https://www.xfers.com/sg/ )
Treasury lockup : 1,800,000,000 ZIL
Xfers is currently doing 150,000,000 transactions/month ( https://www.xfers.com/sg/ )
Treasury lockup : 1,800,000,000 ZIL
8/
@AqillizOfficial online ad mediation is part of a $107B global market (IAB: https://bit.ly/3i2GPTk ).
At $2.80 avg CPM (Adstage: https://bit.ly/3dtiwdW ) that is 38 trillion annual impressions.
With 0.01% market share:
3.8B annual transactions
Treasury lockup : 3.8B $ZIL
@AqillizOfficial online ad mediation is part of a $107B global market (IAB: https://bit.ly/3i2GPTk ).
At $2.80 avg CPM (Adstage: https://bit.ly/3dtiwdW ) that is 38 trillion annual impressions.
With 0.01% market share:
3.8B annual transactions
Treasury lockup : 3.8B $ZIL
9/
Between these three adopters, the total treasury lockup is 5.66 billion $ZIL or 27% of the TOTAL supply!
Assuming they refill the treasury daily, the resulting buy pressure is about 62.9 million $ZIL/day.
Between these three adopters, the total treasury lockup is 5.66 billion $ZIL or 27% of the TOTAL supply!
Assuming they refill the treasury daily, the resulting buy pressure is about 62.9 million $ZIL/day.
10/
We haven't even counted @metpack @Hybridverse, DeFi or NFTs!
DYOR and tweak the assumptions but this points to one conclusion: $ZIL is set to explode!
We haven't even counted @metpack @Hybridverse, DeFi or NFTs!
DYOR and tweak the assumptions but this points to one conclusion: $ZIL is set to explode!
