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1/
@AqillizOfficial, @xfers and @hg_exchange alone have the potential to lockup over 27% of the TOTAL supply of $ZIL (that& #39;s almost 6 billion $ZIL)!
Econ 101: reducing supply (with constant demand) will drive up price.
So why 27%? Why lockup $ZIL?
Let& #39;s explore.
@AqillizOfficial, @xfers and @hg_exchange alone have the potential to lockup over 27% of the TOTAL supply of $ZIL (that& #39;s almost 6 billion $ZIL)!
Econ 101: reducing supply (with constant demand) will drive up price.
So why 27%? Why lockup $ZIL?
Let& #39;s explore.
2/
$ZIL is fuel for network transactions. Growing transactions will increase the demand for $ZIL. There& #39;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& #39;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& #39;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& #39;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 )">https://bit.ly/2Za2TCT&q...
- 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 )">https://bit.ly/2Za2TCT&q...
- 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 .">https://bit.ly/2NrllBI&q...
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 .">https://bit.ly/2NrllBI&q...
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">https://www.xfers.com/sg/"... lockup : 1,800,000,000 ZIL
Xfers is currently doing 150,000,000 transactions/month ( https://www.xfers.com/sg/ )
Treasury">https://www.xfers.com/sg/"... lockup : 1,800,000,000 ZIL
8/
@AqillizOfficial online ad mediation is part of a $107B global market (IAB: https://bit.ly/3i2GPTk ).">https://bit.ly/3i2GPTk&q...
At $2.80 avg CPM (Adstage: https://bit.ly/3dtiwdW )">https://bit.ly/3dtiwdW&q... 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 ).">https://bit.ly/3i2GPTk&q...
At $2.80 avg CPM (Adstage: https://bit.ly/3dtiwdW )">https://bit.ly/3dtiwdW&q... 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& #39;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& #39;t even counted @metpack @Hybridverse, DeFi or NFTs!
DYOR and tweak the assumptions but this points to one conclusion: $ZIL is set to explode!
